We are thrilled to announce that starting today, Wednesday, August 14, 2019, traders will keep the profit/loss on long overnight positions where the per share price of the stock in the overnight position is $0.50 or less (if they cover on T+1). In other words, this policy update will apply to low-priced stocks in the US and Canada markets.
If traders fail to cover on T+1, then the normal T+2 handling procedures and associated fees will apply. For more information, you can read our Policy on Overnights and Halts.
Note: there is no change for all other overnights, including short positions on low-priced stocks.
This is great news for your traders who trade on US and Canada,
so be sure to tell them about it!
If you have any comments or questions, you can create a mojo.