Trade date
Finance stubs
Trade date is the date on which a security trade occurs. A trade done very early or very late falls on the previous or following trade date.
This occurs because in the international market a trade conducted in (e.g.) Japanese equities at 3 pm in London needs to effectively be considered as the following day for Japanese stock exchange reporting requirements.
In London and the US, the settlement period from trade date is 2 days.
Sources and credits
This article is adapted from the Wikipedia article “Trade date”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
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