Orders

Advanced ECN and Market Maker Functionality

Neovest supports the ECNs and market makers and their individual order parameters contained in this Neovest Help documentation section as of 19 May 2003.

The following sections are provided to assist you in creating orders. By using the following tables as guides, you may better understand the order flexibility and functionality that each ECN and market maker provides.

ARCA

The following table displays the order parameters that may be used in connection with the ARCA ECN.

The order parameters that you may utilize with ARCA will appear in Neovest"s Order Entry window after "ARCA" has been selected as the "Destination."

For complete descriptions of the order parameters that are contained in the following table, refer to the “Stock Order Ticket Descriptions” and "Order Entry Destinations" sections in the "Orders" chapter of Neovest"s Help documentation.

ARCA
Instruction Listed/
OTC 		Order
Type 		Limit
Price 		Stop
Price 		Pegging Peg
Offset 		Expire Discr.
Qty. 		Display
Price 		Display
Offset 		Pref
MM 		Display Min Fill Proactive Solicited
None Both LMT, LOB,
MKT, PEG 		Optional None Optional Optional All Optional Optional None None Optional None Optional Optional
PostNoPref Both LMT, LOB, MKT Optional None None None All None None None None Optional None None Optional
RsrvRandom Both LMT, LOB, MKT Optional None None None All Optional Optional None None Optional None None Optional
RsrvSweep Both LMT, LOB, MKT Optional None None None All Optional Optional None None Optional None None Optional
                               

BRUT

The following table displays the order parameters that may be used in connection with the BRUT ECN.

The order parameters that you may utilize with BRUT will appear in Neovest"s Order Entry window after "BRUT" has been selected as the "Destination."

For complete descriptions of the order parameters that are contained in the following table, refer to the “Stock Order Ticket Descriptions” and "Order Entry Destinations" sections in the "Orders" chapter of Neovest"s Help documentation.

BRUT
Instruction Listed/
OTC 		Order
Type 		Limit
Price 		Stop
Price 		Pegging Peg
Offset 		Expire Discr. Qty. (Max) Display
Price 		Display
Offset 		Pref
MM 		Display Min Fill Proactive Solicited
BRUT-Only OTC LMT, MKT, MOC, PEG Optional None Optional Optional All Optional (≤ 1,000,000) None Optional None Optional None None Optional
BRUT-Out OTC LMT, MKT, MOC Optional None None None All Optional
(≤ 1,000,000) 		None None None Optional None None Optional
Cross OTC LMT, MKT Optional None None None All Optional
(≤ 1,000,000) 		None None None Optional None None Optional
Hunter OTC LMT, MKT Optional None None None All Optional
(≤ 1,000,000) 		None None None None None None Optional
Through OTC LMT, MKT, MOC Optional None None None Day, GTC, GTT, GTX, & IOC Optional
(≤ 1,000,000) 		None None Required Optional None None Optional

INCA

The following table displays the order parameters that may be used in connection with the INCA ECN.

The order parameters that you may utilize with INCA will appear in Neovest"s Order Entry window after "INCA" has been selected as the "Destination."

For complete descriptions of the order parameters that are contained in the following table, refer to the “Stock Order Ticket Descriptions” and "Order Entry Destinations" sections in the "Orders" chapter of Neovest"s Help documentation.

INCA
Instruction Listed/
OTC 		Order
Type 		Limit
Price 		Stop
Price 		Pegging Peg
Offset 		Expire Discr. Qty. Display
Price 		Display
Offset 		Pref
MM 		Display Min Fill Proactive Solicited
None Both LMT, MKT,
PEG 		Optional None Optional Optional All None Optional None None Optional Optional
(≤ 100,000) 		None Optional
AMEX Listed LMT, MKT Optional None None None All None None None None None None None Optional
AMI Both LMT,MKT,
 PEG 		Optional None Optional Optional All None None None None None None None Optional
Cross Both LMT, MKT Optional None None None All None None None None None None None Optional
Direct+ Listed LMT, MKT Optional None None None All None None None None None None None Optional
DOT Listed LMT, MKT Optional None None None All None None None None None None None Optional
ECN-Only Both LMT, MKT,
PEG 		Optional None Optional Optional All None Optional None None Optional Optional
(≤ 100,000) 		None Optional
SuperSOES OTC LMT, MKT Optional None None None All None None None None None None None Optional
                               

ISLD

The following table displays the order parameters that may be used in connection with the ISLD ECN.

The order parameters that you may utilize with ISLD will appear in Neovest"s Order Entry window after "ISLD" has been selected as the "Destination."

For complete descriptions of the order parameters that are contained in the following table, refer to the “Stock Order Ticket Descriptions” and "Order Entry Destinations" sections in the "Orders" chapter of Neovest"s Help documentation.

ISLD
Instruction Listed/
OTC 		Order
Type 		Limit
Price 		Stop
Price 		Pegging Peg
Offset 		Expire Discr. Qty. Display
Price 		Display
Offset 		Pref
MM 		Display Min Fill Proactive Solicited
None Both LMT, PEG Required None Optional Optional All None None None None Optional None None Optional
Latent Both LMT, PEG Required None Optional Optional All None None None None Optional None None Optional
NonDisplay Both LMT Required None None None All None None None None None None None Optional
Normal Both LMT, PEG Required None Optional Optional All None None None None Optional None None Optional
Subscriber Both LMT, PEG Required None Optional Optional All None None None None Optional None None Optional
                               

WDSB

The following table displays the order parameters that may be used in connection with the WDSB market maker.

The order parameters that you may utilize with WDSB will appear in Neovest"s Order Entry window after "WDSB" has been selected as the "Destination."

For complete descriptions of the order parameters that are contained in the following table, refer to the “Stock Order Ticket Descriptions” and "Order Entry Destinations" sections in the "Orders" chapter of Neovest"s Help documentation.

WDSB
Instruction Listed/
OTC 		Order
Type 		Limit
Price 		Stop
Price 		Pegging Peg
Offset 		Expire Discr. Qty. Display
Price 		Display
Offset 		Pref MM Display Min Fill Proactive Solicited
None Listed LMT, LOC, MKT, MOC, MOO, STOP, SLMT Optional Optional None None All None None None None None None None Optional
Direct+ Listed LMT, LOC, MKT, MOC, MOO, STOP, SLMT Optional Optional None None All None None None None None None None Optional
ETF Listed LMT, LOC, MKT, MOC, MOO, STOP, SLMT Optional Optional None None All None None None None None None None Optional