Help About International Trading

Post on: 2 Сентябрь, 2015 No Comment

Help About International Trading

Which foreign stocks can I trade outside of the US

Most common stocks and Exchange Traded Funds (ETFs) listed in the following markets will be available to trade online. Other types of exchange-listed securities such as rights, warrants, or different classes of stock (e.g. Class A, Class B) may not be available. Security type availability is subject to change without notice.

How do I enter an online international order?

You can enter an order at any time although it will only be eligible for execution during the local exchange hours for that security.

International orders are available for equities only. The following restrictions apply:

    Day orders only — your order will only be in effect for the trading day, which corresponds to the hours of the primary exchange on which the security trades Market or Limit orders only Cash trades only (margin not available) No additional order instructions (e.g. All or None, Fill or Kill) Short sales are not allowed

Additional trading information:

    International orders can be settled in your choice of US dollars (USD) or the local currency Stocks in the UK can be priced in British pounds (GBP) or pence. 1 GBP = 100 p Limit orders must be entered based on the appropriate currency unit size

What’s a board lot?

There are additional specifications regarding share quantities imposed by some exchanges. These are referred to as board lots. A board lot is the number of shares defined as a standard trading unit. All orders placed in Canada, Hong Kong and Japan must be entered in quantities that are multiples of the board lot or standard trading unit.

What are the board lot sizes for Canadian exchanges?

Board lot sizes for orders on Canadian exchanges are determined based on the share price per share of the security being traded.

    Trading price per unit is less than $0.10 CAD — board lot size is 1,000 shares Trading price per unit is $0.10 to $0.99 CAD — board lot size is 500 shares Trading price per unit is $1.00 CAD or more — board lot size is 100 shares

    Help About International Trading

For example, the required board lot size for Canadian stocks trading between $0.10-0.99 CAD is 500 shares. To place an order to buy a Canadian security offered at $0.75 per share, your order quantity would need to be a multiple of 500 (the board lot size) — e.g.; 500 shares, 1,000 shares, 1,500 shares, and so on.

What are the board lot sizes for Hong Kong exchanges?

The required board lot size for Hong Kong varies by security. The current range is 50-100,000 shares.

To view the required board lot size for a particular security, see the securities list available on the exchange website Opens in a new window. .

What are the board lot sizes for Japanese exchanges?

The required board lot size for Japan varies by security. Currently, the majority of securities trading on Japanese exchanges have board lot sizes of 1,000 shares. (In Japan, board lots are referred to as trading units.)

To view the required board lot size for a particular security, check the website of the primary exchange on which the security trades:

Board lot requirements are usually the same for securities listed on both the Osaka and Tokyo exchanges.

What’s a tick requirement?

For example, the minimum tick requirement for a security trading at 60,000 yen on the Tokyo Stock Exchange is 100 yen. To place an order to buy that security, you would need to enter your limit price as an increment of 100, e.g. 59,900 yen, 59,800 yen, 59,700 yen, and so on.


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