Lokomarket
A market segment of a stock exchange in which the settlement of a transaction - i. e. delivery, taking delivery, and payment - must take place within a short time after the transaction has been concluded.Germany, the settlement period is two trading days. Cash market transactions on FWB® Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange) are settled both on the floor and in the Xetra electronic trading system.
Antonym: derivatives market