Message View

The Message Monitor’s Message view displays all messages corresponding to items displayed on the Order, Execution, and Doneaway views. Message types include: order status, rejected order details, price guarantees, price corrections, pending cancels, outs, and exchange admins (messages from the exchanges). The Message view can also contain messages sent from the REDI Desk or your supervisors.

To cancel an Open order

Select the order(s) you want to cancel in the Messages pane.
Click the Cancel button on the Toolbar.

Select the order(s) you want to cancel in the Messages pane.
Right-click somewhere in the Message Monitor other than on an order row, and the shortcut menu appears.

You can right-click an order to select it and call up the shortcut menu in a single step, but be careful that you are selecting the right order(s).

Select Cancel, or one of the other applicable cancellation options (e.g., CancelAcct-Symbol, Cancel All Orders, Cancel All Buy Orders, etc.) See the Cancel Orders topic for more information.

Once you submit the cancellation, a CXL Pending message is generated. However, you are not out until the order status is Cancelled.

To update an order

Double-click an order in the Messages pane or right-click it and select Update Order from the shortcut menu, and an Order Entry or Option Order Entry dialog box appears with the executed order’s detail populated.

You can choose to use the Montage Monitor to update your open Equity orders; see the Layout tab topic for more information.

The fields you can modify depend on the status and type of order you selected:

Open Equity Order – you can modify any field with the exception of the Side, Symbol, and Exchange fields, and fields on the Scale tab.
Completed (executed) Equity Order - you can only modify the Account (select a different account from the drop-down list box to reassign the executed order and its shares), Comm, and Memo fields.
Refer to the Order Entry Dialog Box topic in this section for specific processing instructions.
Open Option Order - you can modify the Quantity, PriceType, Price, Account, Comm, and Memo fields.
Completed (executed) Option Order - you can only modify the Account (select a different account from the drop-down list box to reassign the executed order and its shares), Comm, and Memo fields.
Refer to the Option Order Entry Dialog Box topic in this section for specific processing instructions.
Doneaway Order - you can modify any field with the exception of the Side, Symbol, Type, and Exchange fields. If you need to modify any of these fields, cancel the Doneaway entry (right-click and select Cancel from the shortcut menu), and enter a new one.
Refer to the Doneaway Entry Dialog Box topic in this section for specific processing instructions.
Option Doneaway Order - you can modify any field with the exception of the Side, Type, Symbol, Month, Strike, and Trade Type fields. If you need to modify any of these fields, cancel the Option Doneaway entry (right-click and select Cancel from the shortcut menu), and enter a new one.
Refer to the Option Doneaway Entry Dialog Box topic in this section for specific processing instructions.

Click [Submit].

The Quick Update bar provides you with the fastest way to change the price of your open orders in the Message Monitor's Message view. Simply select one of your open orders and click or corresponding to the appropriate price-change increment, or click one of the following price-point buttons:

Move to Bid - click [Bid] to change the price of your open Limit order An order placed with a brokerage to buy or sell at a predetermined amount of shares at a specified price or better than the specified price. Limit orders also allow an investor to limit the length of time an order can be outstanding before canceled. to the current Bid price.

Move to Ask - click [Ask] to change the price of your open Limit order to the current Ask price.

Move to Market - click [Mkt] to change your open Limit order to a 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..

Additional price-change increments can be added to the Quick Update bar through the Fields tab of the Properties dialog box; see the Fields Tab topic for more information. You can also change an existing increment; right-click the price-change increment you want to change, select Edit from the shortcut menu, and then type the new increment.

You can update a cancelled or rejected order, but only for internal correction purposes (i.e., only to change the record in your database).