I sold several of my stocks when the market opened today, so I'm wonder if I have to wait till the afternoon of the 28th or the 29th till I can purchase new stocks. I know it's three days, but I don't know if exactly 72 hours since you last sold or some other measurement of that time.
For me it's the next day (9:30 AM EST) with options - I assume it should be the same for stocks. I'm with BMO Investorline.
If you have a cash account it's T+3 accounting. Your money is tied up for 3 days while the transaction settles. With a margin account it's not an issue. You can buy and sell shares all day long.
> Your money is tied up for 3 days while the transaction settles. Primarily an issue in retirement accounts. But often there's some wiggle room even there.
For what it's worth... T+3 is US Stock settlement. T+3 is also used for all of Asia settlement sans HK trades which are T+2 T+2 is also for all europe stocks sans Spain which I think is T+3 but may be T+2 as I think that changed this year. Looking at Middle East, I believe it's T+3 for most. Israel however, is weird. It can be T+1 or T+2 depending on the broker. Also Israel is closed Friday and Saturday and open on Sunday although some Brokers wont settle until Monday and do not count Sunday as a settlement day (US brokers, local brokers may be different in Israel) South Africa is T+5.