The article discusses the challenges and potential risks associated with the shorter settlement cycle (T+1) for securities trades. While the focus has mainly been on the impact on equity trades, the article highlights the currency conversion aspect that has received less attention. Alex Knight, Head of Sales and EMEA at Baton Systems, emphasises the need for traders outside the US to factor in time for FX settlement when trading US securities. The article mentions the concerns raised by the Global Financial Markets Association regarding the potential delays in transaction funding due to the accelerated settlement cycle.