Trade date(redirected from Trade Dates)
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The trade date is the day on which you buy or sell a security, option, or futures contract.
The settlement date, on which cash and securities are delivered, occurs one or more days after the trade date, depending on the type of security that you're trading.
Options and futures contracts settle on T+1, or one business day after the trade date, and stocks settle on T+3, or three business days after the trade.