Trading Tips 101

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Non-DTCC Eligible Search Utility


For various reasons, certain securities cannot be made DTCC-eligible or have had their eligibility revoked, usually due to operating or financial issues with the underlying company.


Search DTCC & Non-DTCC Eligible Stocks here

As a result, the clearing of these positions can carry significant pass-through charges to settle the trade. Trades in these securities may carry with them some or all of the following pass-through charges: Execution Fee-$7.50, DTC Fee-$80.00, Deposit Fee-$75.00, and a New York Window Fee of $34.00. Additional pass-through fees from Transfer Agents ranging from $25.00 to $500.00 can also be associated with these securities.

These fees are almost exclusively associated with OTC Bulletin Board and Pink Sheet stocks, and should not appear on settlement for any Listed or Nasdaq trades. These fees are initiated by the Depository Trust & Clearing Corporation (http://www.dtcc.com/), as well as various transfer agents, and are applied industry wide.