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RoboMarkets information regarding GE reverse stock split

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Dear Clients and Partners,On July 30th, 2021, General Electric GE, GE.ny will have its stock go through a reverse split with a ratio of 18.A reverse stock split is a corporate action as a result of which the company reduces the number of issued shares by a specific multiplier and simultaneously increases the value of each share by that multiplier. GE39;s split for example will mean that a shareholder who had 8 shares that are worth 13 USD each or 104 USD in total will have 1 share worth 104 USD.How will it influence positions and orders?If you have open positions in GE or plan to open such positions, please pay attention to the following changes, which will happen between 31st of July and 2nd of August.MetaTrader 4 MetaTrader 5 accountsAll pending orders Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit, Stop Loss and Take Profit orders on GE will be cancelled before the session opens at 1631 on the 2nd of August.The opening price of all positions that are open as of 1500 server time on the 2nd of August on GE will be multiplied by 8.The volume of all open positions on GE will be divided by 8.In case the total exposition in GE is not a multiple of 8, the account will retain an open position with a volume that is a multiple of 8. The remaining volume will be closed at the last price of the 30th of July Bid price will be used for Buy positions and Ask price for Sell positions.ExampleIn case you had one position with a total volume of 42 shares…