Glossary

Order Execution

1 min read

Order execution is the manual or electronic process of accepting and completing a buy or sell order in the market on behalf of a client. When trading with an exchange, order execution is not typically an instantaneous process.

Order execution is regulated by the SEC. Generally, and depending on the security, custody, and liquidity of an exchange, the completion of an order from when the order execution process is complete and funds arrive in the account can take anywhere from 2-30 days.

Notice: River does not provide investment, financial, tax, or legal advice. The information provided is general and illustrative in nature and therefore is not intended to provide, and should not be relied on for, tax advice. We encourage you to consult the appropriate tax professional to understand your personal tax circumstances.
Related Terms
Physical Settlement
Physical settlement is the delivery of an underlying asset associated with an options or futures contract on a specified delivery date, as opposed to the asset being traded out with offsetting contracts or cash delivery.
Learn more.
Batching
Batching involves consolidating multiple payments into a single transaction with many outputs. This can help senders save on fees, which are paid based on how much data their transaction uses.
Learn more.
Market Order
A market order is an order to buy or sell an asset immediately. This order does not specify a price, but will be executed at the market price at that time.
Learn more.
Brokerage
A brokerage is a financial institution which allows its customers to buy and sell assets directly. Brokerages differ from exchanges in that brokerages serve as the counterparty to its users in all transactions.
Learn more.
Explore More Terms →