Fractional Share Trading Sample Clauses

Fractional Share Trading. IBIE allows Clients, directly or through their independent investment advisor or Introducing Broker, to purchase certain stocks and ETFs (where available) ("Shares") traded in fractional Shares rather than whole Share quantities. This clause outlines the unique features, limitations, and risks associated with trading in and holding fractional Shares.
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Fractional Share Trading. Green Pier’s fractional share trading functionality allows you to buy and sell fractional share quantities in dollar amounts of certain securities (“Fractional Trading”). Fractional Trading presents unique risks and has certain limitations that you should understand before placing your first trade. Fractional Trading Orders to buy or sell may be entered using a dollar value (e.g., $250.00) or Share Quantities. Share quantities can be specified to three decimal places (.001). Dollar value orders will be converted into share quantities for execution, again, to three decimal places. In all cases, when converting dollar- value orders into share quantities, the share quantities will be rounded down. Due to this conversion convention and market movement, the actual amount of an executed dollar-value trade may be different from the requested amount. The actual amount of an executed order to buy or sell a dollar value of a security may also be lower than the amount requested due to the deduction of certain fees or taxes. Fractional Trading supports market orders only for fractional share quantities of a security that are good for that day’s trading session, or in the case of an order entered outside of market hours, that are good until the close of the next trading session. Dollar value orders are not accepted outside of market hours as the estimated quantity may change considerably due to volatility in the security price overnight. Because of this, your ability to buy or sell a security using Fractional Trading may be more restricted than if you were to buy or sell traditional whole share quantities of the same security. As Fractional trading supports market orders only, cancellation of a Fractional order (market order) is not guaranteed. If the order has been released for execution you may not be able to cancel your order. There is no ability to request that a Fractional order be “cancelled and replaced” (meaning, you cannot modify an order once it has been submitted). Instead, you will need to cancel your order outright and then submit a new one. In the event of a trading halt of a security, Fractional Trading of that security will be halted for new orders. Some of the existing orders may be cancelled due to an inability to execute trades during a Trading Halt, whereas other existing orders will be held until trading resumes. However, your order is good only for that day’s trading session, or in the case of an order entered outside of market hours, good until t...
Sample 1
Fractional Share Trading. IBLUX allows Clients, directly or through their independent investment advisor or Introducing Broker, to purchase certain US stocks (“Shares”) in fractional Shares rather than whole Share quantities.
Sample 1
Fractional Share Trading. Fidelity’s fractional share trading functionality allows me to buy and sell fractional share quantities and dollar amounts of certain securities (“Fractional Trading”). Fractional Trading presents unique risks and has certain limitations that I should understand before placing my first trade. Trading Orders to buy or sell may be entered using either a fractional share quantity (e.g., 2.525 shares) or a dollar value (e.g., $250.00). Share quantities can be specified to three decimal places (.001). Dollar-value orders will be converted into share quantities for execution, again, to three decimal places. In all cases, when converting dollar-value orders into share quantities, the share quantities will be rounded down. For a variety of reasons, including but not limited to this conversion convention, the actual amount of an executed dollar-value trade may be different from the requested amount. The actual amount of an executed order to buy or sell a dollar value of a security may also be lower than the amount requested due to the deduction of certain commissions, fees (e.g., the Additional Assessment), or taxes. Commissions are calculated on a per order basis and/or based on the number of shares traded. Fractional shares will be treated as whole shares for the commission calculation and any applicable commission charges will apply. I can contact my Authorized agent/Advisor for more information on the commissions and fees that apply to my account. Orders received in good form by Fidelity Brokerage Services LLC (FBS) will be accepted and transmitted to National Financial Services LLC (NFS) for execution. I may attempt to cancel an order, but there is no ability to request that an order be “cancelled and replaced” (i.e., I cannot modify an order once it has been submitted). Instead, I will need to cancel my order and then submit a new one. Fractional Trading supports market and limit orders only for fractional share quantities of a security that are good for that day’s trading session, or in the case of an order entered outside of market hours, that are good until the close of the next trading session. Because of this, my ability to buy or sell a security using Fractional Trading may be more restricted than if I were to buy or sell traditional whole share quantities of the same security. In the event of a trading halt of a security, Fractional Trading of that security will also be halted, and my order will be held until trading resumes. However, my order is good ...
Sample 1
Fractional Share Trading. Ainvest Brokers fractional share trading functionality allows Customers to EX\ DQG VHOO IUDFWLRQDO VKDUH TXDQWLWLHV DQG GRO Fractional Trading presents unique risks and has certain limitations that Customer should understand before engaging in such activity. Customer understands that Ainvest Brokers will execute all orders that include fractional shares ³)UDFWLRQDOp rinc2ipUal GbaHsisU. VCu´sto m er RunQde rstaDnd s that Customer may only submit Fractional Orders for national exchange-OLVWHG VHFXULWLHV ³106 6HFXU understands that there will be a minimum dollar amount of $5.00 USD and Broker will not accept purchases less than $5.00 USD. Proceeds from the sale of any whole or fractional share, less any fees, will be rounded to the nearest $0.01. Once a Fractional Order is executed, Ainvest Brokers ZLOO SURPSWO\ DOORFDWH &XVW interesW WR WKH $FFRXQW :KHQ D IUDFWLRQDO VKDUH LQW share is actually held by the Clearing Firm with the respective fractional interest allocated to Customer by the Clearing Firm. The fractional share interest in the whole share not allocated to Customer Account is allocated to the Clearing Firm as principal. All Fractional Orders placed outside of regular trading hours, either before or after such hours on a particular trading day, will be queued and executed upon market open on that trading day or the next trading day, as applicable. Customer understands that Ainvest Brokers only accepts market orders for fractional shares at this time and does not permit limit orders for fractional shares. Customer understands that fractional shares in &XVWRPHU $FFRXQW L DUH XQPDUNHWDEOH DQG LOO transferrable in-kind, and (iii) may only be liquidated and the proceeds transferred out via a wire transfer. Customer acknowledges that, subject to applicable requirements, Broker may report holdings and transactions in the Account in terms of either U.S. dollars, shares, or both. FRACTIONAL SHARE INTERESTS IN NMS SECURITIES GENERALLY HAVE DIFFERENT RIGHTS FROM FULL SHARE INTERESTS, OF THE SAME NMS SECURITY. CUSTOMER AGREES TO REVIEW AND UNDERSTAND THE FOLLOWING INFORMATION REGARDING FRACTIONAL SHARE INTERESTS. Fractional share positions cannot be transferred or certificated. The Automated Customer Account 7UDQVIHU 6\´V W HGPR H V³ $Q&R$W7 6VXSSRUW IUDFWLRQDO VKDUH an Account or specific share positions within an Account to another broker, Customer must sell fractional positions and transfer the cash proceeds. Customer hereby directs Clearing Firm not to vot...
Sample 1

Related to Fractional Share Trading

  • Fractional Shares No fractional shares or scrip representing fractional shares shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share.

  • Fractional Rights and Fractional Shares (a) The Company shall not be required to issue fractions of Rights or to distribute Right Certificates which evidence fractional Rights. In lieu of such fractional Rights, there shall be paid to the registered holders of the Right Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole Right. For the purposes of this Section 14(a), the current market value of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price for any day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the New York Stock Exchange or, if the Rights are not listed or admitted to trading on the New York Stock Exchange, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the Rights are listed or admitted to trading or, if the Rights are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by NASDAQ or such other system then in use or, if on any such date the Rights are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Rights selected by the Board of Directors of the Company. If on any such date no such market maker is making a market in the Rights, the fair value of the Rights on such date as determined in good faith by the Board of Directors of the Company shall be used.

  • No Fractional Shares Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional shares of Common Stock upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round down to the nearest whole number the number of shares of Common Stock to be issued to such holder.

  • Common Stock 1 Company........................................................................1

  • National Stock Number (NSN) The National Stock Number (NSN) for an item of supply consists of the applicable four-position Federal Supply Class (FSC) plus the applicable nine-position NIIN assigned to the item of supply. (End of text) C-204-H001 USE OF NAVY SUPPORT CONTRACTORS FOR OFFICIAL CONTRACT FILES (NAVSEA) (OCT 2018)

  • Job Share 30.1 In order to promote flexibility in the workplace, in particular for older workers and single parents, the parties agree to consider job sharing arrangements only in accordance with this clause.

  • Sale Price (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay to the applicable Seller on the Closing Date, the CEF Purchase Price for the CEF Assets sold and transferred by such Seller to the Purchaser on the Closing Date. The CEF Purchase Price for the sale of CEF Assets shall be an amount equal to the fair market value thereof as agreed upon by the Purchaser and the applicable Seller prior to such sale.

  • Adjustment of Number of Common Shares and Exercise Price The subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment from time to time as follows:

  • Shares The term “

  • Open Market Purchases Failure of the Contractor to Perform within the time specified in the Contract, or failure to replace rejected or substandard Goods or fulfill unperformed Services when so requested and as the Contract provides or allows, constitutes a breach of the Contract and as a remedy for such breach, such failure shall constitute authority for DAS, if it deems it to be necessary or appropriate in its sole discretion, to Terminate the Contract and/or to purchase on the open market, Goods or Services to replace those which have been rejected, not delivered, or not Performed. The Client Agency shall invoice the Contractor for all such purchases to the extent that they exceed the costs and expenses in Exhibit B and the Contractor shall pay the Client Agency’s invoice immediately after receiving the invoice. If DAS does not Terminate the Contract, the Client Agency will deduct such open market purchases from the Contract quantities. However, if the Client Agency deems it to be in the best interest of the State, the Client Agency may accept and use the Goods or Services delivered which are substandard in quality, subject to an adjustment in price to be determined by the Client Agency.

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