Monday, September 10, 2012 6:10:13 PM
Through DTC, participants have the ability to distribute new and secondary offerings quickly and economically by electronic book-entry delivery and settlement.
When a stock is eligible for DTC, it settles electronically
When a stock is non-DTC eligible, it settles physically, i.e. not electronically, and requires a lot of human intervention and administration and therefore increases cost which is passed on to my broker.
I could still trade it, but with a whopping fee. Think I'll go back to my other broker which I bought BBDA from before, albeit, over the phone. I thought with Questrade I could just do it over the internet instead of wasting time on the telephone for the initial order entry and then if I wanted to make any changes, it's another long process on the phone.
Oh well, I wanted to buy 110K more!
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