Ally Rtq Agreement

Options are normally traded in increments of $0.01, $0.05 or $0.10, depending on the value of the underlying security. Ally Invest is charged a local settlement fee of approximately 50$US when a freely traded foreign share is traded. Ally Invest transmits these fees to its clients at no extra charge, in addition to the normal trading commission. Extraclinical foreign stocks are usually represented by a 5-letter symbol that ends at F. Foreign companies listed on US stock markets are most often ADRs (example: Nokia – NOK and Sony – SNE) are not subject to this fee. Remember that if you transfer foreign shares to an Ally Invest account, an incoming transfer fee of $50 per post will be charged. In a rapidly rising or falling market, also known as a fast market, even real-time prices can struggle to keep pace. In this market scenario, a 15- to 20-minute delayed quote is virtually unnecessary, given that a stock may have been around a significant percentage during this period. Yes, but only if shares are available to borrow. In many cases, recent IPOs have a small number of shares outstanding, which can make it difficult for brokers to find shares to borrow (especially when it comes to a highly anticipated IPO). In addition, borrowed shares may have high fees that are difficult to borrow, in which case Ally Invest cannot accept short sell orders. Yes.

As a measure to protect our clients, Ally Invest will only allow limit orders on the day the IPO is expected to begin. Due to the inherent volatility of IPOs, market orders are not accepted and margin should not be used. Only after the stock has passed a pricing phase and has an established trading margin will Ally Invest verify the order requirements and reduce them at our discretion. IPOs cannot be marginable for the first 30 days. In addition, only the released funds are available for the purchase of recently listed shares. This Ally Invest Online Service Agreement, as amended from time to time (“Agreement”), regulates your use of and access to the Ally Invest Securities LLC, Ally Invest Forex LLC and Ally Advisors Inc. (together “Ally Invest”) online services. Please read and download a copy of your documents, save and/or print them.

If you have any questions, you can contact the after-sales service directly by calling 855-880-2559, 24 hours a day, 7 days a week, or by www.ally.com/invest. A hard-to-borrow royalty is an annualized royalty based on the value of a short position and the hard-to-borrow interest rate for that item. The fee is prorated based on the number of days you keep the position short. It is estimated daily from billing to billing on your account. Finally, if you open and close an intraday short stock position (not held overnight), you are not subject to any fees. We send these agreements to the corresponding exchanges. As soon as we have the right to open your account, we turn on the data in real time. Please allow 10 business days for processing. In the meantime, you have access to deferred market data in your account. Fractional shares are automatically liquidated when an order to sell the total number of shares is fully filled. You must close the entire position before the peak shares are liquidated. If you have a group position and would like to liquidate it, please call us at 1-855-880-2559.

As a general guideline and if feasible, we can issue (but not the obligation to do so) a margin call if the equity in your Margin and Short account falls below a predetermined percentage of the market value of vulnerable assets (i.e. the sum of the market values of long and short equity guarantee positions) in your margin and short account. The amount of additional collateral we need is usually enough to increase your equity to minimum standards. For information on current capital requirements, please contact your broker….

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