FPIs now give thumbs up to phased rollout of T+1 system

Foreign portfolio investors (FPIs) have softened their opposition to the shorter stock market settlement cycle after exchanges notified final operational guidelines on Monday. Asian Securities Industry and Financial Markets Association (ASIFMA), which has opposed the T+1settlement cycle, said the phased implementation of the new system in a phased manner is 'good news'.

via Economictimes