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.
Hi Dan, our dreams have come true. Do you have any information on how long it will take for Alpaca to make the necessary changes to reflect the 2k PDT?
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@95Disco1 FINRA has not officially published the new rules and guidelines regarding PDT and daytrading. It is, however, expected that they will be within several weeks. The soonest brokers can implement them is 45 days after their publication. Alpaca has anticipated this rule change, so that is the expected timeframe for implementation.
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