About the upcoming stock splits by Apple and Tesla

About the upcoming stock splits by Apple and Tesla

Dear Clients,

We would like to inform you that due to the stock split* procedure, scheduled by Tesla, all open positions in AAPL.US and TSLA.US instruments will be automatically closed on August 28 at the close of trading, pending orders will be deleted.

This means that if nothing unexpected happens between the close of the trading session on Friday 28 August and the opening of the trading session on Monday 31 August, the opening price of the instrument will be changed according to the stock split ratio, namely 4:1 (AAPL.US) and 5:1 (TSLA.US).

For example, if AAPL.US price is 480 USD at the close of the session, on Monday, the price per share will be changed to 120 USD.

*A stock split is an increase in the number of shares that are outstanding by issuing more shares to current shareholders. The price per share, in this case, decreases proportionally.

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