How a Trade Actually Happens: Order to Settlement
From the moment you tap buy to the moment shares land in your demat account — the full journey, including what T+1 means.
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- 4 min read
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In this lesson
- Step 1 — Your order leaves your phone
- Step 2 — The exchange puts it in the order book
- Step 3 — Trade confirmed
- Step 4 — Clearing
- Step 5 — Settlement, on T+1
- What you can do before settlement
- Selling: the same journey in reverse
- The full picture
Free in this module: What Is a Share, and Why Do Companies Sell Them?Browse all lessons