Trade date explained

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 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.[1] [2] [3]

See also

Notes and References

  1. Web site: Introduction of T+2 standard settlement period. London Stock Exchange. 2 December 2013. September 6, 2017 . https://web.archive.org/web/20181201181112/http://www.londonstockexchange.com/traders-and-brokers/rules-regulations/change-and-updates/stock-exchange-notices/2013/n1413.pdf . 1 December 2018 . live.
  2. Web site: Plaehn . Tim . LeDona Withaar . Settlement Date Vs. Purchase Date . Finance - Zacks . https://web.archive.org/web/20210127180625/https://finance.zacks.com/settlement-date-vs-purchase-date-5167.html . 27 January 2021 . en . 30 April 2019 . live.
  3. Web site: Chen . James . Trade Date . . https://web.archive.org/web/20201127075904/https://www.investopedia.com/terms/t/tradedate.asp . 27 November 2020 . en . live.

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