- If any stock is more than 5% away from its target, it sells the overweight ones for USDT and buys the underweight ones with it.
- Trades under $5 are skipped.
- A stock with a target of 0% is sold in full.
- Sells come first. Buys are scaled to the USDT the sells actually returned.
- If a refill is due, there’s no rebalance that day: the refill already sells the most overweight stock.
- It runs once a day even if it fails; a broken trade is left for a person to look at.
The agent
Rebalance
Keeping your stocks at the split you chose.
Prices move, so your split drifts. Once per New York trading day, while the market is open, the agent checks it.