Advanced Tab

You can customize your order via the Advanced tab.

Complete the General tab.
Click the Advanced tab.
Select whether the order is being processed for you (Principal) or on behalf of a client (Agency) from the P/A drop-down list box.
There are instances where an event will result in the increase or decrease in share price. For example:

When a dividend is paid, the share price may be reduced by the dividend amount on the “X” date.
In the event of a merger or a reverse split, the share price may increase.

You can select Do_Not_Reduce or Do_Not_Increase from the DNR/I drop-down list box to prevent these changes to the share price. A value of Neither defaults.

The DNR/I field is only valid for GTC orders [i.e., orders with a value of GTC selected in the TIF (Time In Force)] drop-down list box on the General tab.

Select All or None or Partial from the All or None drop-down list box. All or None indicates that the whole order must be filled or the exchange should do nothing (i.e., no partial lots).

If you selected SM (SuperMontage) from the Exchange field on the General tab, and Partial from the All or None drop-down list box, the MAQ field is activated. Enter the minimum acceptable quantity of a partial lot; the MAQ field provides you with three different ways to enter this value:

Enter the value manually (i.e., key it in).
Increase or decrease the value by clicking the to the right of the field.
Use the drop-down calculator (click ).

Select the type of commission (e.g., Basis Point, Per Order, Per Share) associated with the transaction from the Comm Type drop-down list box.
Enter the commission value associated with the transaction (and corresponding to the type of commission you selected) in the Comm field. The Comm field provides you with three different ways to enter this value:

Enter the value manually (i.e., key it in).
Increase or decrease the value by clicking the to the right of the field.
Use the drop-down calculator (click ).
If you select STD from the drop-down calculator, the standard commission associated with the Contra will be applied to the transaction.

If you are submitting a non-Directed order through the SuperMontage (SM) exchange, select from the following Priority options:

Price/Time - (defaults) executions are prioritized by price; if there are multiple quotes at the same price, executions are then prioritized by time (based on the NASDAQ timestamp).
Price/Size - executions are prioritized by price; if there are multiple quotes at the same price, executions are then prioritized by size, with the goal being to keep the number of fills as low as possible. “Out loud” quotes are executed against first, then reserve quantities. If both price and size are the same, the timestamp becomes the deciding variable.
The Priority drop-down list box is disabled for Directed and Preferenced SuperMontage orders, and executions are prioritized by Price/Time.

If you selected SuperMontage (SM) from the Exchange drop-down list box on the General tab, and designated your order as Directed or Pref (Preferenced) by selecting the corresponding value from Type drop-down list box, select a Market Maker from the Markets drop-down list box.

Directed – Market Makers may accept or reject the order unless they have designated themselves as accepting Liability orders.
Preferenced – your order will execute only if the preferenced Market Maker is at the inside market. Otherwise, your order will be rejected. If the preferenced Market Maker is at the inside market, the order will be executed according to the default Price/Time Priority.

Select the Ticket against which you want to apply your order from the drop-down list box, and any executions corresponding to the order will count against that Ticket. Select Auto-Ticket from the Ticket drop-down list box if you want REDIPlus to apply the executions to the appropriate Ticket based on the default Ticket logic; select Bypass to prevent executions corresponding to the order from counting against a Ticket.

If the quantity remaining on the Ticket you select is less than the Quantity you entered on the General tab, REDIPlus issues a warning and allows you to update the quantity of the corresponding ticket.
Only tickets with the same Side and Symbol as you entered on the General tab will appear in the Ticket drop-down list box.
You can select Ticket Price Override from the shortcut menu to disable pop-up warnings that would normally result when the Price you entered on the General tab is greater than the Limit Price designated for a corresponding Ticket.

To associate the order with a Pair, enter an identifier for the Pair in the Pair ID field. The identifier must be unique in combination with your User ID and the account you selected from the Account drop-down list box on the General tab. All order executions corresponding to this order will be associated with the Pair and allocated to the account.
If you selected SuperMontage (SM) from the Exchange drop-down list box, you can select the SIZE checkbox. Your order will be displayed to “the street” anonymously, but once executed, the real Market Maker or ECN will be given up to the contra.
Select the PNP (Post No Preference) checkbox to indicate that orders sent to the ECN An Electronic Communication Network ( ECN An Electronic Communication Network (ECN) is an electronic system that attempts to eliminate third parties orders entered by an exchange Market Maker or an OTC Market Maker by networking major brokerages (and individual traders) so that they can trade directly between themselves without having to go through a middleman. ) is an electronic system that attempts to eliminate third-party orders entered by an exchange Market Maker or an OTC Market Maker by networking major brokerages (and individual traders) so that they can trade directly between themselves without having to go through a middleman. you selected on the General tab should be filled through the ECN’s internal matching only.
Select the Cross Sess checkbox to designate the order for the electronic Crossing Session. Any market order Sometimes referred to as an unrestricted order. It's an order to buy or sell a stock immediately at the best available current price. A market order is the only order that guarantees execution. entered between 4:15 P.M. and 5:00 P.M. every business day can be matched during the Crossing Session, but the order is locked into the last price on the NYSE before the close of the session. Results of the trades made during the Crossing Session are available at 5:00 P.M.
Select the Sweep Rsrv checkbox to check for Reserve book quantities when submitting an order. The system will over-hit the ECNs (submit orders whose quantities are larger than the quantity displayed on the ECN books) to check for additional Reserve quantities.
Select the Hidden/Hunter checkbox to prevent your order from appearing on the book of the ECN you selected on the General tab.
The Book Type field indicates whether a CFD (Contract for Difference) account defaulted or was selected from the Account drop-down list box on the General tab. If so the Book Type field displays “CFD GS;” otherwise, it displays “Normal.”

Contracts for Difference transactions are only valid for international securities.

When you have completed the Advanced tab, you can click [Submit] to submit the order. Optionally, you can modify the Special, Memo, Exec Instr, and/or Scale tabs to further customize your order entry.