I have had two recent examples of Corporate Actions taking place mid week. These would have both been stock splits. My concern is how Alpaca handles this in Live Money Trading vs PaperTrading.
As you can see below with the most recent example, these would have errored in my favor and the expectation is that Alpaca would have corrected the equity to match the corporate actions.
The previous example was wth CWAN when they did their stock split a few weeks ago.
One of my paper trading accounts has serious Alpaca paper accounting problem:
- MUU should be 120 shares, but Alpaca still shows 6.
- KORU should be 180, but shows 9.
- STHH should be 270, but shows 27.
- ARMH should be 300, but shows 30.
The prices were split-adjusted, but the quantities were not. This currently understates the account equity by approximately $13,623.51. MUU/KORU had 20-for-1 splits today, while ARMH/STHH had 10-for-1 splits yesterday. Direxion split notice, ARMH OCC notice, ARMH/STHH corporate-action tracker.
Therefore, yesterday’s account result also needs correction: its official-close economic estimate was approximately +$2.73K, not the raw −$3.89K previously reported.