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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T+2 is mainly just so that the broker has a chance to pocket any differences in price range before settling. This caused some brokers huge problems back in jan 21 when people were purchasing GME for $5 a share and two days later brokers had to buy those shares for $400 plus
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