Orders

ECN and Market Maker Functionality

Neovest supports the ECNs and market makers and their individual order types, order expiration periods, and pegging order types 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.

Order Type

The following table displays the order types provided by the various ECNs and market makers that Neovest supports.

The order types that an ECN or market maker provides will appear in Neovest's Order Entry window after the individual ECN or market maker has been selected as the "Destination."

For complete descriptions of the order types contained in the following table, refer to the “Stock Order Ticket Descriptions” section in the "Orders" chapter of Neovest's Help documentation.

Order Type Trading Hours (EST) General Stats
ECN/MM Listed/ OTC LMT LOC LOB MKT MOC MOO STOP SLMT PEG Open Close Size
ARCA Both Yes No Yes (OTC) Yes No No No No Yes 8:00 AM 8:00 PM ≤  100,000,000
BRUT OTC Yes No No Yes No No No No Yes 8:00 AM 6:30 PM ≤     1,000,000
DOT Listed Yes No No Yes Yes Yes Yes Yes No 9:30 AM 4:00 PM ≤   30,000 MKT ≤   99,000 LMT
GSCO OTC Yes No No Yes No No No No No 9:30 AM 4:00 PM ≤        100,000
INCA Both Yes No No Yes No No No No Yes 8:00 AM 8:00 PM ≤   99,999,999
ISLD Both Yes No No No No No No No Yes 8:00 AM 8:00 PM ≤        250,000
LFSJ Both Yes No No Yes No No No No No 9:30 AM 4:00 PM  
MILL Listed Yes No No Yes No No No No Yes 9:30 AM 4:00 PM ≤     1,000,000
NITE OTC Yes No No Yes Yes Yes Yes Yes No 9:30 AM 4:00 PM ≤        100,000
NYFX Listed Yes No No Yes Yes Yes No No No 9:30 AM 4:00 PM ≤     1,000,000
TRIM Listed Yes No No Yes No No Yes No No 9:30 AM 4:00 PM ≤        100,000
WDSB Listed Yes Yes No Yes Yes Yes Yes Yes No 9:30 AM 4:00 PM ≤        200,000

Expire

The following table displays the order expiration periods provided by the various ECNs and market makers that Neovest supports.

The order expiration periods that an ECN or market maker provides will appear in Neovest's Order Entry window after the individual ECN or market maker has been selected as the "Destination."

For complete descriptions of the order expiration periods that are contained in the following table, refer to the “Stock Order Ticket Descriptions” section in the "Orders" chapter in Neovest's Help documentation.


Expire
ECN/MM Day Day+ FOK GTC GTD GTW GTM GTY GTT GTX IOC NOW OPG
ARCA Yes Yes No No No No No No No No Yes Yes No
BRUT Yes No Yes Yes No No No No Yes Yes Yes No No
DOT Yes No Yes No No No No No No No Yes No Yes
GSCO Yes No No No No No No No No No No No No
INCA Yes No No No No No No No Yes No Yes No No
ISLD Yes Yes Yes No No No No No No Yes Yes No No
LFSJ Yes No No No No No No No No No No No No
MILL Yes No Yes No No No No No No No Yes No No
NITE Yes No No Yes Yes Yes Yes Yes No No No No No
NYFX Yes No No No No No No No No No Yes No No
TRIM Yes No No Yes Yes Yes Yes Yes No No No No No
WDSB Yes No Yes Yes Yes Yes Yes Yes No No Yes No Yes

Pegging

The following table displays the pegging order types provided by the various ECNs and market makers that Neovest supports.

The pegging order types that an ECN or market maker provides will appear in Neovest's Order Entry window after the individual ECN or market maker has been selected as the "Destination."

For complete descriptions of the pegging order types that are contained in the following table, refer to the “Order Entry Destinations” section in the "Orders" chapter of Neovest's Help documentation.

Pegging
ECN/MM Best Last Market Midpoint Primary WinPeg
ARCA No No Yes Yes No No
BRUT No No Yes No Yes No
INCA Yes No Yes Yes Yes Yes
ISLD No No Yes No Yes No
MILL No Yes Yes Yes Yes No