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What is Batch Trading?

Batch trading is a process in which trade orders from multiple LOYAL3 customers are combined before being placed in the market -- typically only once each business day for sells and twice each business day for purchases. Batch trading is used so that a number of accumulated orders can be executed with fewer market interactions. Since LOYAL3 collects orders for a particular security before making its combined order, the share price at the time of execution will likely be higher or lower than the share price at the time the order was placed (this is in addition to the time it takes to receive funds from you in stock purchases other than IPOs and Follow-on Offering). Because we use batch trading, our platform may not be appropriate for short-term investors who wish to "time" their buy and sell orders with precision.