In the near future the PDT rule can change, instead of a 25k flat limit the new limit will be around 2k for margin accounts (so one will have to maintain a balance above 2k to avoid PDT instead of 25k). Will this rule apply to Alpaca immediately?
@drest If and when the SEC approves any changes to the pattern day trade rules, FINRA typically will then issue guidance to brokers on implementation specifics and timelines. Alpaca will certainly get those implemented as soon as possible. Note that any changes will probably impact individual trading algos so there may be a transition time for users for implementation too.
Good question.