Bundle orders can be placed anytime, but execution occurs only during US market hours. It's important to note that each transaction within a Bundle is executed as a Market Order by dollar value which means the dollar value of the Bundle is fixed, and while all trades are likely to be executed, the number of units purchased for each asset in the Bundle may vary due to fluctuations in the price of each asset between the time of placement and the time of execution. Accordingly, the number of units and the market price of each asset are indicative only and subject to change. Orders remain active only on the day they are placed and will be canceled if not filled by the end of the trading day. However, if an order is placed after the trading day ends, it will be scheduled for execution on the next trading day. The status of individual orders can be checked in the history page of the app.
Example of how a US Bundle will be executed
A US Bundle may comprise 5 assets as follows:
- Asset A - 35%
- Asset B - 30%
- Asset C - 15%
- Asset D - 10%
- Asset E - 10%
If an order for the US Bundles at a total order value of $1,000 is placed, the asset trades within the Bundles (assuming fully filled) will result in the client purchasing exactly $350 worth of Asset A, $300 worth of Asset B, $150 worth of Asset C, and $100 worth of each of Assets D and E, though the number of units purchased may vary due to price fluctuations. This is because Syfe supports fractional trading for US assets. The total brokerage cost would be $3.725 (i.e. 50% discount compared to the cost of buying the assets individually). In total, you will pay $1,003.725 for the purchase of this US Bundle.
The above is illustrated as follows:
Asset | Target Allocation | Order Value based on allocation (US$) | Value Purchased (US$) | Brokerage Cost (US$) |
A | 35% | 350 | 350 | 0.745 |
B | 30% | 300 | 300 | 0.745 |
C | 15% | 150 | 150 | 0.745 |
D | 10% | 100 | 100 | 0.745 |
E | 10% | 100 | 100 | 0.745 |
Total | 1000 | 1000 | 3.725 |
Total amount charged with fees: US$1,003.725