The change applies to both “day” limit orders and “good-till-cancelled” limit orders. Any existing orders with a limit above $3,500 per share will remain in place until they naturally expire or on the execution of a stock split, when such orders are routinely cancelled. Any resubmitted or new orders after close of business on Wednesday, July 20, 2022 will be subject to the new maximum limit of $3,500 per share.
The change does not affect the maximum trade value (consideration) that our system will accept. The maximum consideration will remain at $10 million for designated securities (specifically GameStop and AMC) and $2 million for other securities for each individual order submitted via the web.