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Are SatrixNOW trade's executed on the JSE? When are they executed? How long will they take to settle?

Yes, whole ETF securities are executed on the JSE and will be purchased in your name and held in custody by Satrix Nominees (Pty) Limited on your behalf. Settlement of whole ETF securities is T+3 (three business days) with SatrixNOW making provision for a maximum of 5 business days (T+5) for settlement.

Fractional share rights are entered into by means of a CFD transaction concluded between yourself and First World Trader on a principal-to-principal basis.

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