Placing a Stock or ETF Order
The Order Entry window displays with the Stock / ETF tab selected as the default.
See the table below for Stock / ETF Order Entry field and description details.
To place a stock or ETF order:
- In the Symbol box, type the symbol of the security you want to trade.
The real-time last, bid and ask information displays along the top of the order ticket.
- To populate your order form with the Bid or Ask price, click the price.
- From the Buy/Sell list, select the option you want (Buy, Sell, Buy to Cover, Sell Short).
- In the Quantity box, enter the number of shares for your order.
- Use the Order Type list to indicate how you want your order to be submitted to the market – as a market, limit, stop-on-quote, stop limit-on-quote, or trailing stop-on-quote order. You'll see the limit price, stop price, trail type and trail amount boxes appear depending on your selection.
- From the Duration list, select the amount of time you want your order to remain in queue. Your choices are Day, GTC (Good 'til Canceled) or GTD (Good 'til Date).
- From the Qualifiers list, select None or All or None (AON).
- If available, from the Session list, click Regular or Extended.
- After you have reviewed the order, click Place Order.
Note: If you've select to turn off your confirmation windows, the order is submitted as soon as you click Place Order. There is no confirmation message.
Once the order is submitted, the order progress appears to the left of the Place Order button. When the order is confirmed, the reference number will be displayed in this location. Orders will also display in the Order Status window.
Investors should consider the investment objectives, charges, expense, and unique risk profile of an Exchange Traded Fund (ETF) carefully before investing. Leveraged and Inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. These funds' performance will likely be significantly different than their benchmark over periods of more than one day, and their performance over time may in fact trend opposite of their benchmark. Investors should monitor these holdings, consistent with their strategies, as frequently as daily. A prospectus contains this and other information about the ETF and should be obtained from the issuer. The prospectus should be read carefully before investing.