A stock split is an action in which a company divides its existing shares into multiple shares. After a split, the stock price will be proportionately reduced. Reverse stock splits (stock consolidation) are the opposite transaction, where a company divides, instead of multiplies, the number of shares that stockholders own, raising the market price accordingly. The Client agrees that in the event of a split or a reverse split in any trading instrument, all open positions held on the split date will be forcibly closed with the commentary “Split”. The Сlient also agrees that in the event of a split or a reverse split in any trading instrument, all pending orders will be permanently deleted. Up-to-date information about the upcoming split/stock consolidation and its ratio are published on the Company’s website in the “Company News” section on a weekly basis.
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