US Daylight Saving Time change March 2017
Daylight Saving Time in US will start on Sunday March 12, 2017. US Clocks will move ahead an hour on 12 March 2017.
US markets open/close times will be 09:30PM until 04:00AM SG time
FX trading hours will be 05:00 AM until 05:00 AM SG time
US markets Tick Size Pilot Program starting from 3 Oct 2016
On 3 Oct 2016, the U.S. Securities and Exchange Commission (“SEC”) will be implementing a pilot program to widen the bid-ask spread in certain smaller capitalized issuers. The purpose of the program is for the SEC to collect data and see if widened spreads help capital formation for smaller companies.
The program includes 1200 securities in three test groups selected by FINRA, subject to changes. The program is being phased in starting 3 Oct 2016 and by 31 Oct 2016, all 1200 securities will be phased in.
In accordance to the schedule of the affected securities, you will have to enter your order in 5 cent increments (eg : 0.05, 0.10, 0.15, etc) for the affected securities. Your order will be rejected by the respective Exchange if you have entered an incorrect price increment.
Please remember to check your order status in the order book for the latest status.