Market Information - US

Information for trading on AMEX, NYSE and NASDAQ

Trading hours

Monday - Friday

Daylight Saving commences from second Sunday of March till the first Sunday of November:

  • Non-daylight saving
    10.30pm – 5am
  • Daylight saving
    9.30pm – 4am

Singapore time

User Guide on Viewing Quotes and Placing Orders

Currency

USD

Settlement period

T+2 market days

Trading Lot

1

Use CPF

No

Price quote delay

20min(NYSE & AMEX),15min(NASDAQ)

Order Placement

Via iOCBC or your designated Trading Representative

Need help?

1800 338 8688

or contact us online

 

Commission rates and charges

Minimum bid size

Share price Minimum bid size
< US$1.00 US$0.001
> US$1.00 US$0.01


U.S. Securities and Exchange Commission (SEC) Tick Pilot Program

The SEC will be launching a two-year pilot program on 3 October 2016 where the main impact to our retail customers is that certain securities will trade with USD 0.05 minimum tick size increments. For more information on the affected symbols and the minimum increments applicable within each Test Group, please refer to the NASDAQ and NYSE websites.

 

Please refer to the table below for the implementation timeline. For more background information on the program, please refer to the National Market System (NMS) Plan approved by the SEC.

 

Date

Affected Symbols

Details

3 Oct 2016

5 symbols from Test Group 1 – JAKK, ISCA, FET, CFI, SGA

 

5 symbols from Test Group 2 – GBT, TTS, HUBS, RATE, ERN

All other symbols assigned to Test Group 1, Test Group 2 or Test Group 3 will be placed into the Control Group (i.e. quoted and traded at any price increment currently permitted) until they are activated in their respective group on later dates.

 

NYSE, Nasdaq and FINRA symbol lists will be updated accordingly.

 

10 Oct 2016

Test Group 1 – 100 Symbols

Test Group 2 – 100 Symbols

 

17 Oct 2016

Test Group 1 – 400 Symbols

Test Group 2 – 400 Symbols

Test Group 3 – 5 Symbols – CACQ, CLFD, ATTO, PRTY, DIT

All Test Group 1 and 2 symbols will be live.

24 Oct 2016

Test Group 3 – 100 Symbols

 

31 Oct 2016

Test Group 3 – 400 Symbols

 

All Test Group 3 symbols will be live.

iOCBC does not participate in extended trading hours

iOCBC does not participate in Pre-Open and Pre-Close extended trading hours. Any US orders submitted via iOCBC before 9.30am (Eastern Time) will only be processed after 9.30am (Eastern Time) and routed to the Exchanges. 

If you have entered a higher buying price or a lower selling price than the opening price, your order will be executed based on the prevailing market conditions after market opens at 9.30am (Eastern Time).

2018 trading holidays

HOLIDAY 2018
New Years Day Monday, January 1
Martin Luther King, Jr. Day Monday, January 15
Washington's Birthday Monday, February 19
Good Friday Friday, March 30
Memorial Day Monday, May 28
Day before Independence Day (half-trading day) Tuesday, July 3
Independence Day Wednesday, July 4*
Labor Day Monday, September 3
Thanksgiving Day Thursday, November 22**
Day after Thanksgiving (half-trading day) Friday, November 23
Day before Christmas (half-trading day) Monday, December 24
Christmas Tuesday, December 25***

* Each market will close early at 1:00 p.m. (1:15 p.m. for eligible options) on Tuesday, July 3, 2018. Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on this date. All times are Eastern Time.

** Each market will close early at 1:00 p.m. (1:15 p.m. for eligible options) on Friday, November 23, 2018 (the day after Thanksgiving). Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on these dates. All times are Eastern Time.

*** Each market will close early at 1:00 p.m. (1:15 p.m. for eligible options) on Monday, December 24, 2018. Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on this date. All times are Eastern Time.

Trading abbreviations

The following trading abbreviations will appear in the “Remarks” column on iOCBC trading platform.To find out more information on the corporate action or trading status on the listed companies, kindly refer to the official websites of the respective Exchanges. 

Abbreviation

Corporate Action Description

XD

Ex-Dividend

PXD

Prior ex dividend

CD

Cum Dividend

CC

Cum Capitalisation

CR

Cum rRghts

XV

Ex-Various

CTO

Cum takeover offer

XTO

Ex Takeover Offer

CCV

Cum right of conversion

XCV

Ex Right of Conversion

CPR

Cum Premium Return

XPR

Ex Premium Return

NXI

New Ex Interest

XI

Ex Interest

CI

Cum Interest

CL

Call Due

CP

Call Paid

CW

Cum Warrants

XW

Ex Warrants

CE

Cum Entitlement

XE

Ex Entitlement

CB

Cum Bonus

XB

Ex-Bonus

XCD

Ex-Cash Dividend

XDC

Ex-Dividend and Capitalisation

XDR

Ex-Dividend and Rights

XDI

Ex-Dividend, Ex Capitalisation & Ex Rights

XZ

Ex-Drawing Rights

XO

Ex-Other

XP

Ex-Part Repayment

XS

Ex-Settlement

XSD

Ex-Stock Dividend

XSS

Ex-Stock Split

CSS

Cum Stock Split

CCR

Cum Capital Return

XCR

Ex-Capital Return

CA

Cum All

CLD

Cum Liquidation Distribution

XLD

Ex-Liquidation Distribution

XRC

Ex-Rights and Capitalisation

XAZ

Ex-Deficiency Payment

CXE

Cum and Ex Entitlement

EEB

Ex-Dividend, Ex-Bonus

EBE

Ex-Dividend, Ex Underwriting

EEE

Ex-Dividend,  Ex-Bonus, Ex Underwriting

BGB

Reverse Split

EGB

Ex-Dividend, Reverse Split

EGE

Ex-Dividend, Reverse Split, Ex Underwriting

EHB

Ex-Dividend, Bonus after reverse split

EHE

Ex-Dividend, Bonus after reverse split, ex underwriting

BEE

Ex-bonus, ex underwriting

S

Stabilisation indicator set

XSR

Ex-subscription right

XAR

Ex-adjustment right

XAJ

Ex-adjustment

CSR

Cum subscription right

H

Note

 

Abbreviation

Trading Status

CLS

Market closed

CQ

Closing quotation

NQ

No quotation

R

Regular supplied by Consolidated Quotation System (CQS)

HAI

Trading Halt

IMB

Trading halt, order imbalance

TRE

Long Quote

EQP

Trading halt, equipment changeover

IND

Indicative quote

CBA

Circuit Breaker L1

CBB

Circuit Breaker L2

CBC

Circuit Breaker L3

TRE

Long Quote

IND

Price Indication

Additional Remarks

American Depositary Receipt (ADR)

An ADR allows an investor to trade in non-US companies stocks in the United States instead of investing through the overseas exchanges. An ADR investor receiving shares of such foreign companies stocks will be charged with ADR fees by ADR agents to compensate them for inventorying the non-US shares and performing registration, compliance, dividend payment, communication, and recordkeeping services.
The ADR fee amount and frequency of charge will differ depending on each ADR and customer may refer to the relevant ADR prospectus for more details.


Global Depositary Receipt (GDR)

The global equivalent of an ADR, a GDR is issued by a depository bank which allows an investor to trade in stocks of a foreign company in more than one country. GDR agents will charge GDR fees as compensation for inventorying the foreign shares and performing registration, compliance, dividend payment, communication, and recordkeeping services.
The GDR fee amount and frequency of charge will differ depending on each GDR and customer will be charged accordingly.


W-8BEN Form

Customers who wish to trade in US shares (NYSE, Nasdaq and Amex) are required to complete the W-8Ben Form. Forms submitted is valid for 3 years.
The purpose of W-8BEN Form is for US Inland Revenue Tax Purpose and is compulsory for all non-US citizens and residents. You are not able to trade in the US market if you are a US citizen or a green card holder.Customers who wish to trade in US shares are required to sign and submit the original W-8BEN form  to OCBC Securities before commencement of trading.