Important Updates Regarding US Stock Trading

Dear Valued Client,

 

We appreciate your continued support of Conrad Investment Services Limited. We have two important updates regarding US stock trading that we would like to bring to your attention:

 

1.     Adjustment to SEC Fee Rates (Sell-Side):

Effective from the settlement date of May 22, 2024, in Eastern Time UTC (meaning orders placed on May 20, 2024, Eastern Time will be affected), New rate: USD 27.80 per USD 1,000,000 of the aggregated dollar amount of sales of securities (i.e., the principal USD amount multiplied by 0.0000278).

Old rate: USD 8.00 per USD 1,000,000 of the aggregated dollar amount of sales of securities (i.e., the principal USD amount multiplied by 0.0000080).

For more details, please refer to: https://www.sec.gov/news/press-release/2024-47

 

2.     Change in US Stock Investment Service Settlement Date:

Starting from May 28, 2024, in Eastern Time UTC, the settlement time for US stock trading will change from two business days after the trade date (T+2) to one business day after the trade date (T+1). You can still use the funds from unsettled sell transactions in real-time for purchasing stocks.

For any enquiry, please contact our Customer Services Officer at (852) 3980 2333 (Hong Kong) or 400 1200 902 (China toll free), or e-mail to cs@conrad-is.com.hk.


Sincerely,
Conrad Investment Services Limited