$BURG Do you own stock on trade date or settlement date? When you initiate the purchase of securities (the trade date), you have a legal obligation to pay for them. On the other side of the deal, also as of trade date, the seller has a legal obligation to provide the securities that you purchased. But you don't legally own the securities you've bought until settlement date. Trade Vs. Settlement Date | Finance - zacksfinance.zacks.com/ › trade-vs-settlement-date-4203 Search for: Do you own stock on trade date or settlement date? What time of day do trades settle? For most stock trades, settlement occurs two business days after the day the order executes. Another way to remember this is through the abbreviation T+2, or trade date plus two days. For example, if you were to execute an order on Monday, it would typically settle on Wednesday.Mar 28, 2019
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