Handling Your Orders. Window vs. Direct Trade We offer two broad categories of orders: Window orders and Direct Trade orders. Within these two categories, various sub-order types and/or special handling instructions may also be available. Please consult our websites for more information regarding order types and special handling instructions. By submitting an order to us for execution, you acknowledge and agree that you have reviewed the terms of such order type on our websites and in this Agreement and understand that we will handle the order in accordance with the terms of the order and instructions entered.
Handling Your Orders. Window vs. Direct Trade We offer two broad categories of orders: Window orders and Direct Trade orders. Within these two categories, various sub-order types and/or special handling instructions may also be available. Please consult our website for more information regarding order types and special handling instructions. By submitting an order to us for execution, you and your Authorized person acknowledge and agree that you have reviewed the terms of such order type on our website and understand that we will handle the order in accordance with the terms of the order and instructions entered by you or your Authorized person. Window Trading Our Window Trading, often referred to as “a Window”, is an innovative way to execute orders efficiently for long-term investors. Instead of being executed immediately, Window orders are processed one or more times per day and executed. The current number and timing of Windows available to you is as provided on our website or is as negotiated with your Advisor or third party brokerage firm. We may provide from time to time fewer or additional Windows for various reasons and at different fees. We reserve the right to add, remove and change Window Trade deadlines, without notice, at any time. We cannot guarantee that every Window will occur as scheduled or at all. You understand and agree that there may be times when Windows are delayed or are cancelled for various reasons, such as quote vendor failures, computer failures or events affecting the markets. To execute Window orders, we generally send an order (which may be an aggregate of orders for your account(s), the orders from other customer accounts and our account(s) when necessary to facilitate fractional shares) to a market center for execution or to a mutual fund company for fulfillment. We may also execute Window orders or participate in aggregate orders using our own inventory of securities, unless otherwise prohibited. When handling orders from an Advisor under common ownership with us for your account(s) or the account(s) of another customer, we may participate in any aggregate Window order sent to a market center for execution to facilitate fractional share trading or odd lots using our own inventory of securities. We will not execute such orders ourselves. Accordingly, we may send multiple orders to a market center in order to fulfill the aggregate Window order or we may be unable to fulfill your order in its entirety, depending on market conditions. Window Trad...
Handling Your Orders. Window vs. Direct Trade We offer two broad categories of orders: Window orders and Direct Trade orders. Within these two categories, various sub-order types and/or special handling instructions may also be available. Please consult our websites for more information regarding order types and special handling instructions. By submitting an order to us for execution, you and your Authorized Person acknowledge and agree that you have reviewed the terms of such order type on our websites and in this Agreement and understand that we will handle the order in accordance with the terms of the order and instructions entered. Window Trading We consider our Window Trading, often referred to as “a Window”, to be an innovative way to execute orders efficiently. Instead of being executed immediately, Window orders are processed one or more times per day and executed. The current number and timing of Windows available to you is as provided on our websites or is as negotiated with your Advisor or third-party brokerage firm. We may provide from time to time fewer or additional Windows for various reasons and at different fees. We reserve the right to add, remove and change Window Trade deadlines, without notice, at any time. We retain discretion as to the timing of a Window Trade, and therefore we cannot guarantee that every Window will occur as scheduled or at all. You understand and agree that your order will not be routed for execution immediately once the deadline for submitting an order to a Window has passed because additional processing is necessary (e.g., your order is combined with other orders in the same security and on the same side of the market, if any, and certain price validations are performed) and we may vary the time at which the combined order is routed to the market, or the amount of the combined order that is routed to the market, to prevent other market participants from anticipating our orders and trading in a manner that negatively impacts our execution quality or to attempt to maximize the numbers of shares executed in any particular order routed for execution. You further understand and agree that there may be times when Windows are delayed or are cancelled for various reasons, such as quote vendor failures, computer failures or events affecting the markets. When you submit an order to participate in a Window Trade, you are not instructing us to execute your order immediately when we receive it, but instead you are instructing us to treat your ord...
