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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.