KCG Holdings (KCG)

[Militia Man]

Interesting read..

https://www.sec.gov/rules/proposed/2016/34-78962.pdf

SUMMARY: The Securities and Exchange Commission (“Commission”) proposes to amend
Rule 15c6-1(a) under the Securities Exchange Act of 1934 (“Exchange Act”) to shorten the
standard settlement cycle for most broker-dealer transactions from three business days after the
trade date (“T+3”) to two business days after the trade date (“T+2”). The proposed amendment
is designed to reduce a number of risks, including credit risk, market risk, and liquidity risk and,
as a result, reduce systemic risk for U.S. market participants.