Who Buys Your Stock When You Sell It ●

Because the stock market is a vast, anonymous auction, you rarely know exactly who is on the other side of your trade. However, they typically fall into these categories:

The exchange acts as a digital matchmaker using an to pair sellers with buyers. who buys your stock when you sell it

: Just like you, other individual investors around the world are placing "buy" orders through apps like Schwab or Fidelity. If their bid price matches your asking price, the exchange's computer system pairs you together instantly. How the "Match" Happens Because the stock market is a vast, anonymous