Stock Splits

Stock Splits

A stock split is a decision made by a company's board of directors to increase or decrease the number of shares that are outstanding. When a stock split happens, we will provide an updated openQty and avgPrice.

{
  "id": "event_c4b2c210-ce32-41d4-a9a1-cfad4fdf191c",
  "type": "positions.updated",
  "timestamp": "2019-03-29T07:02:33.200962333Z",
  "payload": {
    "accountID": "272472de-6522-41be-85a6-31af662251dc.1520386265152",
    "accountNo": "DWFE000039",
    "userID": "272472de-6522-41be-85a6-31af662251dc",
    "updateReason": "STOCK_SPLIT",
    "previous": {
      "costBasis": 2.8,
      "openQty": 1,
      "symbol": "CPLP",
      "avgPrice": 2.8
    },
    "current": {
      "costBasis": 2.8,
      "openQty": 2,
      "symbol": "CPLP",
      "avgPrice": 5.6
    }
  }
}

In this example there was a 2:1 stock split where the customers openQty and avgPrice was adjusted to match this split.