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OmniVest User Forums
Questions on Using the Trade Processor
Trading Rules and Regulations by Broker
Last Activity 7/17/2018 6:22 PM
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Barry Cohen

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Posts: 1844

Joined: 10/11/2012

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Subject : Trading Rules and Regulations by Broker
Posted : 11/7/2012 5:27 PM
Post #21980

Each broker has a unique set of rules that are in place for both Live and Demo/Paper brokerage accounts. Please message me if you find something to add or change to this post.

Interactive Brokers:

Live Account:
  • Market on Open orders are accepted after 8:00PM & before 9:28AM Eastern Time.
  • Short orders are dependent on availability at the broker. Please check here.

Demo Account:
  • Market on Open orders are not accepted in Demo accounts.
  • Short orders are dependent on availability at the broker. Please check here.

MB Trading:

Live Account:
  • Market on Open orders can only be placed between 8:00am & 9:28am Eastern. "Fill prices vary based on conditions that are not always reflected."
  • MB Trading converts NASDAQ Market on Open orders to Market orders and submits them at Market Open. "Fill prices vary based on conditions that are not always reflected."
  • Short orders are dependent on availability at the broker. Please check here.

Demo Account:
  • Market on Open orders can only be placed between 8:00am & 9:28am Eastern. "Fill prices vary based on conditions that are not always reflected."
  • MB Trading converts NASDAQ Market on Open orders to Market orders and submits them at Market Open. "Fill prices vary based on conditions that are not always reflected."
  • Short orders are dependent on availability at the broker. Please check here.
  • Prices are simulated.

GXTrader:

Live Account:
  • Market on Open orders can only be placed between 9:00am & 9:28am Eastern. "Fill prices vary based on conditions that are not always reflected."

Demo Account:
  • Demo accounts are not currently available.

Holding Company Depository Receipts:

This is a type of ETF marketed by Merrill Lynch. Unlike other ETF’s, HOLDRs can only be bought & sold in 100 share increments. Additional information may be found here.

Here is a list of HOLDRs symbols:

BBH
BDH
BHH
EKH
HHH
IAH
IIH
MKH
OIH
PPH
RKH
RTH
SMH
SWH
TTH
UTH
WMH

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