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What's new in TD Direct Investing?

May 1, 2020

Education for every investor
Whether you want to learn something new or have a refresher, our education centre is packed with resources:

  • NEW – we have a new Master Class series called The Questions Session. It is an open question period from Monday to Thursday at 4 pm ET 
  • Videos – available in The Learning Centre in WebBroker
  • Webinars – available 24/7
  • Master Classes – see the schedule of investing topics. You can also book a class to see a platform demos

And of course you can call our licensed investment reps – we're here for you Monday to Friday 7 am to 6 pm ET.

 
April 17, 2020:
 
Supporting you during COVID-19
 
Amidst all that is changing with Covid 19, one thing hasn’t…we're here for you. While we have reduced our hours to join the fight against this outbreak, we're here for you Monday to Friday, 7 am to 6 pm at 1-800-465-5463. We ask for your patience. 
 
What are circuit breakers and how do they work? 
 
Circuit breakers are regulatory measures to temporarily halt trading on an exchange or an individual stock when there is excessive market volatility. 
  • Single stock circuit breakers halt trading in an individual security
  • Exchange circuit breakers allow regulators to stop trading market-wide
On major exchanges in Canada, if the price of the stock jumps or falls by 10 per cent in a five-minute period, the stock is halted for five minutes. That can be extended another five minutes. This rule applies only from 9:50 a.m. to 3:30 p.m. – which means, not at the start of trading or just before the close.
 
However, in the first 20 minutes of daily trading and the last half-hour, a 20-per-cent change in price will trigger the single-stock halt.
 
In the U.S., circuit breakers are set at three levels to halt trading on major exchanges when the Index drops 7%, 13%, and 20% from the previous day's close:
 

Level

Percentage drop

Duration of trading halt

1

7%

15 minutes

2

13%

15 minutes

3

20%

Remainder of the trading day

*Trading will not halt if the drop happens on or after 3:25 p.m. ET. TD Direct Investing accepts orders during the trading halt. These orders are processed once markets re-open.

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