How can we help?

Exchange-Traded Fund (ETF) Reverse Split Treatment

  • All positions will be closed at the end of day rate.

    • Any floating profit or loss will be realized.
    • Positions are then automatically reopened at an adjusted open rate and position size, to retain the same notional value as the closed position.

      • For example if a client has 100 contracts opened and the end of day rate is 300.00 and the underlying share has a 10:1 Reverse Stock Split
      • The old position will be closed at 300.00
      • A new position will be opened for 10 contracts at an opening rate of 3000.00
    • Pending orders including stop/limits are deleted and required to be re-entered manually by clients.
    • If the reverse split ratio is not a whole number, then only the closest whole number of contracts will be reopened. Where rounding is required, we will always round down.
    • Margins will be updated accordingly using the same split ratio.

${} / ${getInstrumentData.ticker} /

Exchange: ${}

${} ${getInstrumentData.divCcy} ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%) ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%)

${getInstrumentData.oneYearLow} 52/wk Range ${getInstrumentData.oneYearHigh}