On-exchange fund trading can be completed immediately. On-exchange funds are traded according to the real-time market price. As long as the entrusted price does not deviate greatly from the real-time market price, the transaction can generally be completed immediately.
OTC fund sales cannot be completed immediately. OTC funds are traded based on net value. Orders placed before 3 o'clock on the trading day are calculated based on the net value at the close of the day. That is, there is only one transaction price per day. Shares purchased on the same day will be confirmed on the second trading day.