Orders Placed on Paxos Wallet
Paxos generally settles purchase orders on the same business day (t+0), but depending on market demand & supply, it is possible that your order may be settled on the following business day.
Paxos generally settles sale orders on the next business day (t+1) but depending on market demand & supply, it is possible that your order may be settled on same business day or on the second following business day (t+2).
The price honored at settlement is always the price quoted at transaction time; settlement timing does not change the price at which you purchased or sold PAXG.
Orders Placed on itBit Exchange
Placing an order on itBit exchange (Trade tab on wallet dashboard) will settle depending on a few factors but most notably the order type you choose to use. The orderbook will populated with bids and asks from buyers and sellers on Paxos so the settlement timing and price of execution may also vary depending on current market conditions.