So I sold stock last Thursday. Why does it take 2 business days for a stock to be sold? Where Crypto and E-payments nowadays take real time. Also I need the money to be wire transfer to international bank. Why does this is not also real-time it will take like 4-7 business days before it will be on my bank account. Why does the transfer not working on weekends? So basically why everything is still slow and why everything can’t be done on weekends?
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I would also add some pessimism to some of the great answers here- the bank or the market maker wants to float your cash to themselves for as long as possible for their own use. Multiply your transaction x millions of transactions delayed for 10 days- this is liquidity they can use. IMO
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