Hey folks, here's some news about this Friday, April 6, 2007. It's Good Friday and the markets are closed. So how does that effect you? Friday qualifies as a market holiday so any trades submitted after the cut-off on Thursday, including all day Friday, should be priced according to the closing price for Monday--which means that all such trades will be processed after the close on Monday. Here's the specific language from the rules:
"Trades submitted on weekends, market holidays and after 3:59:59 p.m. on trading days will be priced at the stock’s closing price for the next trading day."
So--to re-cap, this Friday is Good Friday and it's a market holiday. That means any trades submitted after the Thursday cut-off--and through Friday, will be priced according to the closing price of Monday.
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