Nov 12, 2018

When do money market trades execute?

Money markets are a form of mutual fund and as such they trade after the NAV (Net Asset Value) is calculated at the end of the trading day. With the creation of extended trading hours that is now at 8pm Eastern time. Soon after eight in the evening your money market orders will be processed (within minutes). The trade once executed will be settled overnight (by 6am Eastern).

This is an industry standard practice and not the policy of just one broker.

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