The General tab contains all of the fields needed to complete the basic order entry process

1. Select the Order Entry  icon from the REDIPlus Application bar, and the Order Entry dialog box appears.

2. Select whether your order is a Buy, Sell, Sell Short, Buy Minus, Sell Plus, SS Exempt, or Buy Cover by clicking the corresponding button in the Side field.

3. Type the symbol of the stock you want to trade in the Symbol field.

• If you do not know the symbol of the stock, click and perform a search for it; see the Symbol Search topic more information about the Symbol Search functionality. Once you press [Enter], tab to the next field, or select a symbol using the Symbol Search, the data corresponding to the symbol you entered is displayed on the Quote bar (see the description of the Quote bar in the Interface Elements topic for more information).

4. Enter the number of shares you want to trade in the Quantity field. The Quantity 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 CALC from the Quantity drop-down list box, the quantity associated with the transaction will be based on a multiple of the default value for the symbol, and your current position. See the Calc Quantity Rule topic for more information.

• You set the Calc Quantity to default for a given symbol by selecting the Use Calc Quantity checkbox on the Order Entry’s Defaults dialog box. See the Modifying Order Entry Defaults topic for more information.

5. Select the type of transaction from the Type drop-down list box. The types available correspond to the Exchange you select (see below).

6. Enter the price associated with the transaction in the Price field. The Price field provides you with four 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 ).

• Click any of the applicable prices from the Quote bar (e.g., Bid, Ask, Last, Close, High, etc.).

7. If you selected any of the Peg order types, Stop, or Stop Limit from the Type drop-down list box, enter the corresponding order details as follows:

1. Peg Orders

1. Enter the Peg limit in the Price field, if applicable. The Price 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 ).

2. Enter the Peg Value to indicate the amount above or below the Pegging “target price” you want to post your order. If you selected Peg Bid as the “target price” from the Type drop-down list box, your order will post based on the current National Best Bid; if you selected Peg Ask, your order will post based on the current National Best Ask.

• The Peg Value you enter will automatically be subtracted from the target price for Buy orders and added to the target price for Sell orders; the price distance will be maintained until the order is filled (e.g., an order that is pegged to the Bid and has a Peg Value of .02 will remain two cents below the current Bid price). If you do not enter a Peg Value, your order will match the target price.

Enter the Peg Value in one of the following ways:

• 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 ).

• Pegged orders are only valid through certain destinations; see the Order Types by Exchange/Destination topic to determine which destinations can be selected from the Exchange drop-down list box.

2. Stop and Stop Limit Orders

1. The Stop Price field is enabled when you select Stop or Stop Limit in the Type drop-down list box. Enter the price at which REDIPlus will submit a Market order (Stop) or a Limit order (Stop Limit) in one of the following ways:

• 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 ).

2. If you select Stop Limit in the Type drop-down list box, you must also enter the limit in the Price field that replaces the Peg Value field. The Price 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 ).

8. Select the Exchange from the drop-down list box.

• If you select SIGMA or GSAT from the Exchange drop-down list box, you can select from several proprietary, algorithmic order types that route your order based on your trading objectives. See the Order Types by Exchange/Destination topic for a description of SIGMA and GSAT order types.

• If you select SuperMontage (SM) from the Exchange drop-down list box, you can choose to make your order Directed or Pref (Preferenced) by selecting the corresponding value from Type drop-down list box:

• Directed – you can direct your order to a Market Maker by selecting it from the Advanced tab’s Markets drop-down list box. Market Makers may accept or reject the order unless they have designated themselves as accepting Liability orders.

• Preferenced – you can preference a Market Maker by selecting it from the Advanced tab’s Markets drop-down list box; 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 on the Advanced tab.

9. A default account number appears in the Account field based on the symbol you entered or the exchange you selected. You can select a different account number from the drop-down list box, if necessary.

10. Select the time period that your order will be active from the TIF (Time In Force) drop-down list box.

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