<Important Notice> Amendment to U.S. Stock Trading Fee Rate and Settlement Cycle

2024-05-10 17:03 GF Securities (Hong Kong) Brokerage Limited

Date: 10 May 2024
Dear Valued Client,
<Important Notice> Amendment to U.S. Stock Trading Fee Rate and Settlement Cycle
Thank you for choosing the services of GF Securities (Hong Kong) Brokerage Limited (“GFSHK”).
According to the press release issued by the U.S. Securities and Exchange Commission (“SEC”), the U.S. stock trading fee rate will be adjusted with effect from 20 May 2024, as below:



Adjusted Item
Current Transaction Fee Rate
Adjusted Transaction Fee Rate


U.S. Stock Trading Fee Rate 
(For sell order only)
0.00080%
0.00278%



We hereby inform you that our trading fee rate for the U.S. stock will be adjusted in accordance with the aforesaid announcement. For the latest fee rates, please visit our company’s official website from time to time: https://gfse.gfgroup.com.hk/en/fee/other
In addition, effective from 28 May 2024, the standard settlement cycle for transactions in certain US securities will be shortened from two business days after the trade date (T+2) to one business day after trading (T+1). The settlement cycle in Canada will transition to T+1 on 27 May 2024.
Please note and ensure the availability of sufficient funds for the settlement of related securities transactions.
For more details, please visit SEC’s official website:https://www.sec.gov/news/press-release/2024-47
https://www.sec.gov/investment/settlement-cycle-small-entity-compliance-guide-15c6-1-15c6-2-204-2
The corresponding circular published by HKSFC: https://apps.sfc.hk/edistributionWeb/gateway/TC/circular/intermediaries/supervision/doc?refNo=24EC17

Should you have any question, please feel free to contact our customer service hotline at (852) 3719-1288/4008695575. 

 
Yours faithfully,
GF Securities (Hong Kong) Brokerage Limited