Access Order Entry through the Function Tree

Order Entry defaults to the account for which you have a current inquiry. Specify quantity,symbol (option symbol), (preferred symbol) , price, time in force, and Broker Insight pulls a live quote into your Order Entry screen.

Further specify commission type, commission amount, stop, or stop limit, special instructions , TTO REP (one time commission to be credited to a specific REP) and confirmation notes. Order Entry defaults to "Solicited". Place a check mark in the "Unsolicited" box for unsolicited orders.

For Option Orders, you must also specify the Option Code either "opening" or "closing". You may route both option and equity orders to specified exchanges. .

All sell orders will be verified against the quantity owned and the 'long stock' seller code. Overselling will require the appropriate seller code.

After clicking the "Place Trade" button, Broker Insight lists the trade, warnings, and order entry errors if present on the right-hand side of Order Entry. A pop up window asks you to confirm the order before placing it.

Change accounts by highlighting the account field and typing in the correct account number. Broker Insight immediately pulls the new account information into your Summary Window.

You may also enter orders through Positions, Stock Record, or Open Net by right clicking the position you wish to buy/sell.

Overnight and Extended Hours Orders.

Bond order entry is much like Equities/Options order entry.

Bond orders may be placed using Symbol, CUSIP or Beta security number. Bonds made be entered directly into the Bond Order Entry Screen or by right-clicking on any fixed income security in Positions, Open Net Holdings, or Stock Record.

Specify your quantity as a whole number in lots of 1,000. So that and order for 10,000 = 10. Enter either Commission OR Principal and the commission calculator will calculate your Net Amount less accrued interest.

Confirm notes may be added.

Bond orders print directly to the Fixed Income and Public Finance Desks for placement. Orders placed after market are automatically marked for the next day's trading and print the desk early the next business morning.

Inventory orders are placed directly from the Inventory screen. Simply right-click on the item and select "Place Order".

You may place an order for an inventory item directly from the Bond Order Entry screen, however, you're order will not reduce the available quantity in the Inventory and may not be executed as an Inventory Order.

Entering Mutual Fund orders has never been easier. Access Mutual Fund Order Entry through the Function Tree. Mutual Fund defaults to the account for which you have a current inquiry.

Specify Quantity/Dollars and Fund symbol, and Broker Insight pulls the current NAV into your Mutual Fund Order Entry screen. You may place mutual fund orders as either dollar trades or share trades and specify this in "Transaction Type". Choose customer status (customer has an existing account at the fund or is new), share processing, dividend options, and distribution options for long and short term gains.

Further specify any LOI or ROA instructions, special commission (one time flat dollar amount that will override standard commission), TTO REP (one time commission to be credited to a specific REP), Mutual Fund Department Note (does not display on customer confirm), and Confirmation Notes (does display on customer confirm).

Order Entry defaults to "Solicited". Place a check mark in the "Unsolicited" box for unsolicited orders. Discretionary accounts must select whether discretion was used for the order.

Exchange Funds in the "Exchange For" section. Indicate the Fund to be exchanged, customer Status, and Share Processing.

After clicking the "Place Trade" button, Broker Insight lists the trade, warnings, and order entry errors if present on the right-hand side of Order Entry.

A pop up window asks you to confirm the order before placing it.

Change accounts by highlighting the account field and typing in the correct account number. Broker Insight immediately pulls the new account information into your Summary Window.

You may also enter orders through Positions, Stock Record, or Open Net by right clicking the position you wish to buy/sell.

The PIPS function allows you to place mutual fund orders that require a regular scheduled investment. PIPS can be purchase or sell orders and are generally scheduled for monthly intervals or whatever cycle that suits the client. PIPS orders are much like mutual fund orders with a few exceptions.

PIPS orders require:

Frequency: Specifies the timing of transactions.
Cycle Date: Specifies the date on which first transaction should take place and the subsequent transactions.
Day 2: If Bi-monthly is chosen, you must choose the 2nd date for the transaction.

For example, if you specify a frequency of monthly and a cycle date of 4/16/02, then your first transaction will occur on 4/16/02 then on 5/16/02, 6/16/02, etc.

PIPS allows you indicate the following optional features:

End Date: Specifies the date which transactions should end. Be sure that your end date does not fall on a weekend or Holiday. Bypass: Specifies the months which the client wishes to 'skip' in his/her periodic investment

A special commission may be added to each transaction by entering the commission amount in the 'Fee Amount' field.

Users may select to process the trade either net or gross of fees. Here's an example:

Access PIPS by going to Order Entry, PIPS.