Australia also uses T+2 as of 2016. Hong Kong uses T+2, although some trades settle on the trade date. When the U.S. went to T+2, so did Canada and Mexico. How to Shorten T+2 While it’s not possible to trade a stock on a U.S. exchange without a settlement period, there are certain ways to circumvent the settlement date. For stocks traded on US exchanges, settlement is currently three business days after the trade. For mutual funds , settlement usually occurs in the US the day following the trade. Listed below is the Settlement Schedule for the following dates: Trade Dates Settlement Dates Wednesday, May 16, 2018 Friday, May 18, 2018 Thursday, May 17, 2018 Tuesday, May 22, 2018 Friday, May 18, 2018 Wednesday, May 23, 2018 Monday, May 21, 2018 CLOSED – VICTORIA DAY Tuesday, May 22, 2018 Thursday, May 24, 2018