ASX Chief Advocated for Faster Settlement Cycle

Anthony Attia urged a move to a one-day settlement cycle to ensure the Australian market remains globally competitive.

Updated on Oct. 14, 2026 in Investing

ASX Chief Advocated for Faster Settlement Cycle

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Should Australia mandate one-day settlement cycles for all share market transactions?

ASX chief executive Anthony Attia has called for a transition to a one-day settlement cycle for share transactions. He warned that Australia risks losing investment due to current slow and expensive trading processes.

Why it matters

The transition is viewed as essential to keep the Australian market competitive with global peers who already utilise faster settlement cycles. Falling behind could result in Australia being overlooked by international investors.

The ASX is currently operating with a settlement cycle longer than one day, creating a gap between local processes and international market standards. The proposed transition aims to align Australia with global peers to reduce transaction friction.

The players

Anthony Attia

Anthony Attia serves as the chief executive of the ASX.

ASX

The ASX is the primary securities exchange in Australia that oversees share transactions and market settlements.

The details

Anthony Attia highlighted that slow settlement periods increase costs and complexity for investors operating in the Australian market. By adopting a one-day model, the ASX aims to improve operational efficiency and attract greater global capital interest.

14 October 2026: ASX CEO Anthony Attia advocated for faster settlement cycle.

Market Dynamics

The ASX proposal aligns with the global trend toward T+1 settlement cycles currently being adopted by major markets worldwide. This move is a strategic attempt to maintain the relevance of Australian financial infrastructure within an increasingly fast-paced global capital environment.

A shift to a one-day settlement cycle would allow retail investors to access their funds from share sales more quickly than under the current system. This increased liquidity is expected to simplify personal financial management and reduce the time assets remain tied up in processing.

The takeaway

Moving to a faster settlement model reflects a broader shift toward greater efficiency in global financial systems. Investors should anticipate potential future changes in how their trade proceeds are processed and accessed.