How BOOM executes my US orders?

Once BOOM receives your US order, our system will immediately send it to our US agent for execution.

Depends on the listed exchange of the stock, the size and availability of the order, your US stock orders might be filled on a stock exchange (including NYSE, NYSE Arca, NYSE MKT and NASDAQ), on the Over the Counter Bulletin Board (OTCBB) or the Pink Sheets, or via a market specialist.

I can buy U.S. stocks then sell them on same day. Why can't I buy again after sold?

There is no restriction on buying and selling U.S. stocks on the same day. (See Figure A below)

However, there is a restriction for Cash Account holders that they can only use the U.S. sales proceeds to buy U.S. stocks on T+1 (i.e. 1-business day after the trade day). This is to comply with the industry standards regarding "Day Trading Rule" in cash accounts for U.S. securities trading.

Nevertheless, you can still use the "unsettled" U.S. sale proceeds to buy stocks trading in other markets. (See Figure B below)

If you want to do "day-trading" on U.S. stocks, you may consider changing your Cash Account to Margin Account.

Figure A: All clients can buy stocks and then sell them on the same day (except for Taiwan, Shanghai and Shenzhen markets).

Figure B: Cash Account holders cannot buy U.S. stocks by using the "unsettled" U.S. sales proceeds.

Can I "day-trade" U.S. stocks?

Yes, you can "day-trade" U.S. stocks if you are holding a Margin Account. (See Figure C below) However, Cash Account holders can only use the sales proceeds to buy U.S. stocks on T+1 (i.e. 1-business day after the trade day).

If you are holding a Cash Account and would like to do "day-trading" on U.S. stocks, you can change your account to Margin Account. The procedure is simple and free of charge.

After switching from Cash Account to Margin Account:

• All the fees and charges remains the same as the Cash Account.
• There is NO margin interest if you do not use the margin facilities.
• You can request us to set your credit line to ZERO to prevent over-buying unintentionally.

Figure A: All clients can buy stocks and then sell them on the same day (except for Taiwan, Shanghai and Shenzhen markets). 

Figure C: Margin Account holders can sell stocks and then buy stocks in any market on the same day.

What are Bulletin Board and Pink Sheet stocks?

OTC Bulletin Board is a listing of quotes of over-the-counter (OTC) stocks that don't meet the minimum-net worth and other requirements of the Nasdaq stock listing system.

Pink Sheets are quotations from market makers of over-the-counter stocks published daily by the National Quotation Bureau. The Pink Sheets get their name from the paper they are printed on.

In general, the OTC Bulletin Board and Pink Sheets are different from national exchanges in a way that they serve only as a source of price information for market makers. The listing requirements for stocks that are traded under OTC Bulletin Board and Pink Sheet systems are generally less stringent than those of stocks listed in the major exchanges.