Finance:Trade date: Difference between revisions
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Short description: 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.) Japan ese 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.[1][2][3]
See also
References
- ↑ "Introduction of T+2 standard settlement period". London Stock Exchange. 2 December 2013. http://www.londonstockexchange.com/traders-and-brokers/rules-regulations/change-and-updates/stock-exchange-notices/2013/n1413.pdf. Retrieved September 6, 2017.
- ↑ Plaehn, Tim; LeDona Withaar (30 April 2019). "Settlement Date Vs. Purchase Date" (in en). https://finance.zacks.com/settlement-date-vs-purchase-date-5167.html.
- ↑ Chen, James. "Trade Date" (in en). https://www.investopedia.com/terms/t/tradedate.asp.
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