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For questions that relate to the laws, practices, and products of the United States.
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What are NSCC illiquid charges?
What exactly are NSCC illiquid charges? NSCC says:
Buy Side:
Open net buy quantity represents the total unsettled share amount per stock at any given time during a 3-day settlement cycle.
Open net …
2
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1
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When I sell an OTC stock, do I have to check the volume of my sale in order to avoid an NSCC...
The National Securities Clearing Corporation will charge an illiquid fee if the buy side exceeds 5 million shares or if the sell side exceeds 10% of the 20 day average volume. When I buy an OTC stock, …