Overnight Fee on Halted Symbols
In response to feedback received from managers, please be advised that Head Office will introduce a new overnight fee on Halted Symbols to supplement the announced normal overnight fee. The fee is retroactive to October 1, 2021, and the details are as follows:
|Overnight Fee on Halted Symbols|
|Overdollar Symbols||Subdollar Symbols|
Effective on Monday, January 11, 2021, we will introduce the following changes to overnight position handling for US and Canada markets:
- Overnight positions on US markets will be pushed to the corresponding traders’ blotters at 9:00 AM Eastern Time
- Overnight positions on Canadian markets will be pushed to the corresponding traders’ blotters at 9:15 AM Eastern Time
T+1 / T+2
Effective from 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.
Effective Thursday, September 12, 2019, Head Office will lower the Canadian long position T+1 overnight fee for symbols priced at $0.50 or less, as follows:
|Description||Current Fee||New Fee|
|Long positions T+1 overnight fee for Canada symbols priced greater than 0.10 to 0.50||0.00125||0.001|
|Long positions T+1 overnight fee for Canada symbols priced equal to 0.10 or less||0.00125||0.0005|
This is great news for your traders who trade on US and Canada, so be sure to tell them about it!
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