It's our 19th anniversary!

Nov. 7-10 - Changes in Trading on #FAS

Publication Date: November 4, 2011

Dear Clients,

On November 9, 2011, Direxion is planning a 1-for-5 reverse split of shares of its Direxion Daily Financial Bull 3x Shares (FAS) ETF following market close. On November 10, 2011, trading on #FAS will open at a price five times the market price the previous day.

This is how this change will be handled by Alpari:

  1. Starting November 7, 2011, trading of #FAS will be "Close Only".
  2. Following market close on November 9, 2011, all open positions on #FAS will be closed at the current market price and all pending orders will be deleted.
  3. On November 10, 2011, trading on #FAS will open again, reflecting the change in the value of the underlying contract.

If you have any questions, please feel free to call us at +44 8449 869559.

Best Regards,
Alpari

Category: Trading terms

Mo
Tu
We
Th
Fr
Sa
Su
Wk
31
1
2
3
4
5
6
44
7
8
9
10
11
12
13
45
14
15
16
17
18
19
20
46
21
22
23
24
25
26
27
47
28
29
30
1
2
3
4
48
5
6
7
8
9
10
11
49

Back to top