NEW YORK - The Securities Industry and Financial Markets Association said on Wednesday it is pleased with the transition to faster trade settlement, adding it continues to monitor progress.
The shift in the world's largest financial market is aimed at making market infrastructure more resilient, but it has put investors and regulators on alert for increased trade failures and other hiccups.Wall Street is undergoing its first big test on Wednesday, when trades executed last Friday, when T+2 was still in place, and trades from Tuesday, the first day of T+1, will be settled. This is expected to lead to a rise in volume.
Companies that split their stock see an average annual return of 25% after the split compared to a 12% return for the broader market.Building a large, tax-free nest egg in your TFSA with growth stocks can give you more control over your tax bill in your retirement years. The post TFSA: 2 Canadian Stocks to Buy and Hold for Tax-Free Gains appeared first on The Motley Fool Canada.
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