The exchanges supported by Wealthsimple observe the holidays outlined in the charts below:
US Exchanges
Holiday | 2023 | Closure |
New Years Day | January 2 (New Year’s Day holiday observed) | Full Day |
Martin Luther King, Jr. Day | January 16, 2023 | Full Day |
President's Day | February 20, 2023 | Full Day |
Good Friday | April 7, 2023 | Full Day |
Memorial Day | May 29, 2023 | Full Day |
Juneteenth National Independence Day | June 19, 2023 | Full Day |
Independence Day | July 4, 2023 | Close at 1pm (EST) |
Labor Day | September 4, 2023 | Full Day |
Thanksgiving | November 23, 2023 | Close at 1pm (EST) |
Christmas | December 25, 2023 | Full Day |
Canadian Exchanges
Holiday | 2023 | Closure |
New Year's Day | January 2, 2023 (New Year's Day observed) | Full Day |
Family Day | February 20, 2023 | Full Day |
Good Friday | April 7, 2023 | Full Day |
Victoria Day | May 22, 2023 | Full Day |
Canada Day | July 3, 2023 | Full Day |
Civic Holiday | August 7, 2023 | Full Day |
Labour Day | September 4, 2023 | Full Day |
Thanksgiving | October 9, 2023 | Full Day |
Christmas Day | December 25, 2023 | Full Day |
Boxing Day | December 26, 2023 | Full Day |
Trading timelines for DIY stock trading accounts
Order filling
Any order made during the holidays listed above won't get filled until the exchange re-opens.
Order settlement
Orders placed in DIY trading accounts take two business days to settle, and exchange holidays don't count as business days. For this reason, if you place an order on a Friday with an exchange holiday on the following Monday, the trade will settle on Wednesday. Until then, the order will remain in a pending state.
Trading timelines for managed accounts
Wealthsimple’s managed accounts trade exclusively when both eligible US and Canadian exchanges are open.
Due to the settlement of securities, there are some cases where we may be unable to trade in your account a few days before the holiday.
The actions listed below are also impacted by the holidays listed above:
- Investing cash from new deposits
- Processing withdrawals
- Internal transfers from or between managed accounts
- Transfers to or from another financial institution
- Risk-score changes
- Theme changes
- Portfolio rebalancing
Other potential delays in trading
Wealthsimple's Investment Advisors have the discretionary power to not trade client-managed accounts in times of extreme market volatility or during an extraordinary market event. When markets are volatile, the cost of trading your account may outweigh the benefits which is why our Advisors may opt to not trade on a given day.
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