How long is a trading day?
According to the definition, trading day (T day) refers to the date when securities, futures and materials are traded. Specifically, the trading day refers to the time other than weekends and legal holidays.
Statutory holidays include National Day, New Year's Day, Spring Festival, Tomb-Sweeping Day, May Day, Dragon Boat Festival and Mid-Autumn Festival. Excluding these dates, there are about 250 trading days throughout the year.
The trading time of a day is limited, so a trading day is not equal to a day. In terms of stocks, the trading day is from 9: 00 am15 to 9: 00 pm 15: 00 pm.
In bank wealth management, funds and other products, 0: 00- 15: 00 is regarded as a trading day. If it exceeds 15: 00, the next day is not counted as a trading day.
2. How long is the next trading day?
The next trading day (T+ 1) refers to the next trading day of the current trading day. As for how long the next trading day is, it depends.
Take fund subscription as an example. After successful subscription, the fund company will confirm the fund share on the next trading day, that is, the subscription date is T day and the confirmation date is T+ 1 day:
If the fund purchases before 1 and Thursday 15: 00, then T day is Thursday, T+ 1 day is Friday, and the interval from purchase to confirmation is 1 day; 2. If the fund is subscribed after Thursday 15: 00, then T day is Friday, T+ 1 day is next Monday, and the interval from subscription to confirmation is 4 days; 3. If the fund is subscribed before Friday 15: 00, then T day is Friday, T+ 1 day is next Monday, and the interval from subscription to confirmation is 3 days; 3. If the fund is subscribed after Friday 15: 00, then T day is next Monday, and T+ 1 day is next Tuesday, with an interval of 4 days from subscription to confirmation.
The above information about how long the next trading day is, I hope it will help you. Warm reminder, financial management is risky and investment needs to be cautious.