Securities which have been delisted from a stock exchange often continue to trade on an OTC basis in electronic venues such a PINK or OTCBB. Delisting, therefore, does not preclude a security from actively trading and IBKR will continue to reflect such securities in accounts unless they are cancelled or removed from the depository or clearing agent. Clients will not have the ability to transmit an order for stocks no longer listed on one of our offered venues.
Also note that IBKR reserves the right to restrict inbound transfers of delisted securities classified as Microcaps regardless of whether or not you hold an existing position in your account. See the Interactive Brokers Knowledge Base for details.
Clients holding a long position may request a Special Liquidation of such shares should they wish to remove the holding from their account. Further information on this process may be found here.
Please Note
- The option will not be available to short holders.