BrokerBroker E
MNO Small > Mid, first packet (new); OPQ Mega > Mid, second packet
“MNO now sits fully in the mid-cap core; we expect the first packet to move, with Vanguard Small-Cap selling about 1.4m shares.”
Today
Following 4 indexes · 6 funds · 212 names36 itemsThreshold 0.5 days ADVDigest sent to desk chat 07:00 ET
j k move↵ detailA ask1–4 tabs
7 broker notes, 2 change a call in your names
Top 5
What you need todayResearch · call changes2
Broker views, not STQ callsBrokerBroker B
XYZ share change at the 4 Dec deal close (was 18 Dec)
“We now expect S&P to apply the XYZ share issuance at the PQR close rather than at the December update.”
Index11
sorted by effective dateDelete · Russell 2000 (RU2000)PRELIMFri 11 Dec close1.6 days ADVReviewreports 11/23 BMO
Size migration, packet 1 (50%) · Morningstar US Small > Mid (ex-CRSP)MODEL v1.8Dec transition, 5 sessions0.57 days ADV (0.22 if crossed)Reviewreports 11/24 AMC
Size migration, packet 2 (50%) · Morningstar US Mega > Mid (ex-CRSP)MODEL v1.8Dec transition, 5 sessions0.38 days ADV (0.32 if crossed)Reviewpotential cross 0.15m
Float change 78% > 92% · Morningstar US Small (ex-CRSP)MODEL v1.8Dec transition, 5 sessions0.62 days ADVReview
Add (September IPO) · Morningstar US Small (ex-CRSP)MODEL v1.8Dec transition, 5 sessions0.83 days ADVReview
Size migration withdrawn · Morningstar US Small > Micro (ex-CRSP)MODEL v1.8n/aWas -0.6m sh; now noneReview
Share increase on PQR deal (+3.1%) · S&P 500 and S&P MidCap 400BROKER · SPLITDeal close 4 Dec or 18 Dec0.93 days ADV (0.86 if crossed)Reviewreports 12/03 BMO
Possible add, Dec quarterly · S&P 500 (SPX) candidateBROKER · SPLIT18 Dec close if addedIf added: 21 days ADVReviewreports 11/19 BMO
Share increase (convert, +4.2%) · S&P SmallCap 600; Morningstar US SmallMODEL v1.8Next quarterly update0.50 days ADVReview
Share decrease after tender (-10%) · Morningstar US Small; Russell 2000MODEL v1.8After results (tender ends 20 Nov)0.80 days ADVReview
Sector change: Information Technology > Communication Services (GICS) · MSCI US IMI 25/50 and S&P sector indexesCONFIRMEDBefore the open Mon 1 Mar 20272.2 days ADV (2.04 if crossed)Planpotential cross 1.2m
Corporate actions9
trade or reference-only2-for-1 stock splitCORP ACTEffective Mon 30 NovNo index tradeNo trade
Special dividend $2.50CORP ACTEx-date Thu 19 NovNo index tradeNo trade
Dutch-auction tender for up to 10% of sharesCORP ACTExpires Fri 20 Nov0.8 days ADV after index share updateWatch
Convertible notes called; about 2m new sharesCORP ACTSettles Fri 27 Nov0.5 days ADV at next index reviewWatch
Follow-on offering priced: 0.5m new shares at $104CORP ACTPriced Fri 13 Nov1.2 days ADVWatch
IPO lockup ends on 38m shares (about 22% of float)CORP ACTMon 23 NovFloat may rise at the next index reviewWatch
Spin-off of services unit announcedCORP ACTQ1 2027, record date not setSpinco index treatment to followWatch
Ticker change HIJ > HJKCORP ACTEffective Tue 1 DecReference data onlyNo trade
Buyback authorization raised to $500mCORP ACTAnnounced 12 NovNo index trade until shares retireNo trade
Earnings6
priced vs 8-quarter historyReports Fri 20 Nov BMOEARNINGSFri 20 Nov4.8% vs 9.05% · tooContextinside index window
Reports Mon 23 Nov BMOEARNINGSMon 23 NovNo reliable options marketContextinside index window
Reports Tue 24 Nov AMCEARNINGSTue 24 Nov3.7% vs 5.58% · cheapContextinside index window
Reports Wed 25 Nov AMCEARNINGSWed 25 Nov3.4% vs 3.83% · inContext
Reports Thu 3 Dec BMOEARNINGSThu 3 Dec4.4% vs 3.71% · inContextinside index window
Reports Wed 9 Dec AMCEARNINGSWed 9 Dec4.5% vs 3.9% · inContextinside index window
Market and provider notices5
trade or reference-onlyMarketUS equity markets closed (Thanksgiving)EXCHANGEThu 26 NovNo sessionNo trade
MarketEarly close 1:00 p.m. ET; closing auctions run earlyEXCHANGEFri 27 NovGHI and MNO reactions land on the half-dayPlan
MarketEarly close 1:00 p.m. ET (Christmas Eve)EXCHANGEThu 24 DecCheck against the December transition datesPlan
RussellQuery period on the preliminary listsPROVIDER16 to 27 NovLists can still changeReview
SECRule 17a-7 cross-trading proposal; comment period openNEWSProposed 9 OctBears on MNO, OPQ, XYZ and KAP crossesWatch
Illustrative data, fictional tickers. STQ is read-only and not connected to an OMS/EMS: it doesn't see working orders or fills, and makes no routing, algorithm or price recommendation.