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Finance Dictionary and Glossary of Investment Terms
trade date
Definition 1.
The date on which the transaction occurs; 1 to 5 days before the settlement date, depending on the type of transaction.
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Definition 2.
The date that the counterparties in an interest rate swap commit to the swap. Also, the day on which a security or a commodity future trade actually takes place. Trades generally settle (are paid for) 1-5 business days after a trade date. With stocks, settlement is generally 3 business days after the trade. The settlement date usually follows the trade date by five business days, but varies depending on the transaction and method of delivery used.
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Definition 3.
The date on which a security trade occurs.
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