From: Michael C. Parker
Sent: September 29, 2016
To: IARDLIVE
Subject: Settlement Period;

Don’t know exactly whom to send this to; anyway, a comment.

It is time to implement instantaneous settlement of trades.  The practical impact for me is that if I sell an instrument in my retirement account, I don’t have access to those funds until they settle. This is a bit ridiculous (and seems to provide a convenient float for bigger traders). If I am actively trading, I have to keep funds un-invested at all times.