Tag: New York Stock Exchange

U.S. stock settlement switch could face an early resilience test

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U.S. stock settlement switch could face an early resilience test

Participants in the United States’ multitrillion-dollar securities markets face an early test of their ability to cope with regulatory reforms to speed up trade settlement, as a major index rebalance scheduled to occur just days after the planned switch risks causing a spike in failed trades. Starting May 28, U.S. stocks and corporate bonds must…

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Hindalco subsidiary Novelis files with SEC for IPO

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Hindalco subsidiary Novelis files with SEC for IPO

A logo is pictured on the facility of flat-rolled aluminium producer Novelis, part of Aditya Birla Group. | Photo Credit: REUTERS  Novelis Inc., a sustainable aluminium solutions provider and the world leader in aluminium rolling and recycling, has announced that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed…

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Business