Market Pulse
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regulation · intermediate

Trade-to-trade

Trade-to-trade settlement requires every trade in a stock to be settled by delivery, with no intraday netting.

Stocks move to the T group or trade-to-trade segment under surveillance or liquidity reasons.

Intraday square-off is not available because each buy needs corresponding delivery settlement.

Margins and trading interest often change when a stock shifts into trade-to-trade.

Exchanges announce transfers into and out of the trade-to-trade segment.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.