> So they probably settle trades in real-time. They do not. They settle trades in 2 business days like everyone else. Think about it: if you sell a share to a

> So they probably settle trades in real-time. They do not. They settle trades in 2 business days like everyone else. Think about it: if you sell a share to a HFT, how could the HFT receive it immediately when you don't need to deliver it for two days? However there is a process called CNS (Continuous Net Settlement) which means you generally only have to settle the net of your trades each day.