Changes to Overnight Position Handling for US and Canada

October 5, 2021

Dear Manager,

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 SymbolsSubdollar Symbols
$0.005/Share50 BP

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:

DescriptionCurrent FeeNew Fee
Long positions T+1 overnight fee for Canada symbols priced greater than 0.10 to 0.500.001250.001
Long positions T+1 overnight fee for Canada symbols priced equal to 0.10 or less0.001250.0005

This is great news for your traders who trade on US and Canada, so be sure to tell them about it!

Regards,

Communications Team

Copyright © 2021 Day Trade The World, All rights reserved.

Liked this blog post?

Sign up for The Opening Bell to receive our bi-weekly newsletter with actionable insights and hone your day trading skills with the help from our market experts and your favourite TraderTV personalities, delivered straight to your inbox every Tuesday morning.

Live Trading with DTTW™ on YouTube

DTTW™ is proud to be the lead sponsor of TraderTV.LIVE™, the fastest-growing day trading channel on YouTube.

With more than 300,000 subscribers, TraderTV.LIVE™ features a daily live trading broadcast, professional education and an active community.

Watch TraderTV.Live

Accepted Payment Methods:

payment accepted dttw 2020

Your ability to open a DTTW trading office or join one of our trading offices is subject to the laws and regulations in force in your jurisdiction. Due to current legal and regulatory requirements, United States citizens or residents are currently unable to open a trading office with us.

© 2011-2022 Day Trade The World™ All rights reserved.

Day Trade the World™ is a registered trademark of Select Vantage Canada Inc. 

Privacy PolicySitemapFraud Alert.