iBroker TeleTrade has announced important trading news for Nvidia (NVDA) stock due to an upcoming corporate action.The NVDA symbol will be set to "Close Only" mode by the end of the trading session on June 7, 2024, in preparation for Nvidia's stock split.

Key Points for Traders:

• Transition to "Close Only" Mode: By the close of trading on June 7, 2024, NVDA will transition to "Close Only" mode. Traders will be unable to open new positions but can close existing ones.

Encouragement to Close Positions: TeleTrade strongly advises traders to close all open NVDA positions and delete any pending orders before the end of the June 7 trading session. This measure is to ensure that all trades are settled smoothly prior to the stock split.

Forced Closures: Any open NVDA positions at the end of the June 7 session will be forcibly closed by TeleTrade, and all pending orders will be deleted. Traders are urged to manage their positions proactively to avoid any involuntary closures.

Price Format Adjustment: Following the stock split, the price format for NVDA shares will be reduced by a factor of ten starting June 10, 2024. This adjustment aligns with the 10-for-1 stock split, making NVDA shares more accessible to a broader range of investors.

Traders should incorporate these changes into their trading strategies. The proactive measures are intended to facilitate a seamless transition during the stock split process. TeleTrade's advisory provides a clear timeline and essential steps for traders to follow to avoid disruptions.

For further assistance or inquiries, traders are encouraged to contact TeleTrade's customer support. The firm is committed to ensuring that its clients are well-prepared and informed about these significant changes.

This update underscores TeleTrade's dedication to maintaining transparent and efficient trading operations, especially during major corporate actions like stock splits.