Chief Securities Limited

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　US Stocks　

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	US Stock Trading Particulars
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Home > Securities > US Stocks > US Stock Trading Particulars

Hotline / Online trading platform

Our hotline is (2500-9290), with services hours from 8.30pm to 5:30am. Internet trading is available now.

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Trading hours
The trading hours of NYSE, NASDAQ and AMEX is from 9.30pm - 4.00am (HKT) for US Standard Time while 10.30pm – 5.00am (HKT) for US Daylight Saving Time. There is no lunch break in trading hours.

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Markets available

Investors can invest stocks that listed on NYSE, NASDAQ, and AMEX. Clients are required to fill up form W-8BEN, which has to be renewed every 3 years.

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Type of orders
We provide 5 types of order:

	Limit order
	The order will execute at the limit price as you preset.
	Market order
	The order will execute at the best market price available.
	Good-till-canceled order
	GTC order is an order to buy or sell a stock at a specific price that is active until the order is being executed or cancelled.
	Stop limit order
	Stop limit order is an order that combines the features of a stop order and a limit order. Once the given stop price has been reached, the stop limit order becomes a limit order to buy or to sell at a specified price.
	All-or-none order
	AON order will execute if the entire quantity is available at the specified price or better. The order will remain active until the entire order is completed or canceled.

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The lot size for US stocks
There is no restriction on lot size for the US stocks, and you can buy as less as one share.

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Settlement time for US stocks
The settlement time for US stocks is T+3.For example, if you sell a US stock on Monday (US time), you can withdraw the funds on Friday before 1:00pm (HK time). Prior to each order, clients are required to deposit enough funds in the account; OR use 20% market value of qualifying securities* in either Hong Kong or US stock accounts as purchasing power, with allow of USD 25,000 maximum, to place phone order for all securities listing on NYSE, NASDAQ & AMEX ( Market value of USD 1.00 per share or above). The funds must be settled within 2 days after trading day (T+2). For example, if you bought a US stock on Monday (US time) (HK time Tuesday morning), you should deposit funds to your account before Friday 10:00am(HK time). *Qualifying stocks include marginable HK securities and U.S. securities with market value over USD 1.00 per share. Market values of warrants, CBBCs, suspended stock, U.S. OCT securities and U.S. securities with market value per share below USD 1.00 are excluded

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Short sell / Margin services
Our US stock margin account is specially designed for day trading purpose. We do not provide any loan facilities for US stock account. Short selling is not available.

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Order validity
Our company accepts day order only. Once the order being placed, it will remain in the trading system until market close. If it is unfilled, the order will not carry to the extended market hours. (except for GTC order)

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Real time price quotation and Useful link
US stocks quote are generally classified into 1 to 4 letters. For instance, the code for Citigroup is C, Bank of America is BAC, and Microsoft is MSFT.

Real time price quotation	http://finance.google.com/finance	http://finance.yahoo.com
US market information	http://www.marketwatch.com	http://www.reuters.com
Technical analysis	http://bigcharts.marketwatch.com

Order Instructions Memo
i.	Clients need to have sufficient fund prior to any order placement, and/or adequate qualifying securities holding in either Hong Kong or US stock accounts.
ii.	Clients should provide the following information when placing the order by phone: a) Account Number (For ExampleCL1234567) & Account Name b) Buy or Sell c) Stock Symbol/ Price / Quantity (Please contact the trader if you are not sure the stock symbol)
iii.	All the conversations will be taped as to avoid any dispute.
iv.	All order instructions must be placed to our licensed representative by phone solely
v.	There are 5 types of order, which include limit order, market order, GTC order, stop limit order and all-or-none order. (GTC order, stop limit order and all-or-none order for phone trading only)
vi.	Clients should be caution that market order is different from limit order. The execution price of the market order is determined by the volatility of the market
vii.	Unless the order(s) has been canceled, otherwise the order(s) will be valid until market close, which is 4:00AM (HKT-US Standard Time)/5:00AM(HKT-US-Daylight Saving Time).(except for GTC order)
viii.	After completion of an order, we will notify clients as soon as possible. In case, there is no confirmation received within the day, Clients are recommended to call us and check their order status. (Daytime Enquiry Hotline: 2500 9199).
ix.	In any event clients have doubt about their orders placed by internet. Clients are advised to call into our trading desk to confirm the order status. Clients can trade during regular US trading hours.
x.	Chief Group shall have the right to dispose any or all securities held on behalf of clients, if clients commit default in payments on the due date. The overdue interest is General Bank Prime Rate + 5%
xi.	The T+2 arrangement is ONLY applied for phone trading.
xii.	Regular trading hours are from Monday to Friday, 9:30PM to 4:00AM (HKT-US Standard Time)/10:30PM to5:00AM (HKT-US Daylight Saving Time). No Pre-Market and Extended Trading Market is available.
xiii..	No short sell available.
xiv.	Our US stock margin account is specially designed for day trading only. We do not provide any loan facilities for US stock trading.
xv.	Trading Non-DTC stocks** Clients are responsible to pay all the clearing charges related to the trade and such charges could exceed the total trading amount.

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