Trading Settings

Access the Trading Settings by going to File > Settings in the main menu or by right-clicking in the Trade Ticket area of the Stocks & ETFs tab and selecting Trade Ticket Settings.

Here, you can control order verification, default order quantities, commissions on estimates and more.

Trade Settings
Order Verification

Check to enable order verification before placing or canceling an order. This will give you a chance to review the details of your order before you send it, as well as displaying any notifications or errors resulting from the order settings.

IMPORTANT: If you turn off Order Verification, your orders are immediately submitted without a verification screen, so you will not have the opportunity to review the terms of your order prior to entry and will not see warning or informational messages related to your orders. By unchecking this feature, you accept the associated risks of trading without an Order Verification window and messaging.

Price Increment Controls the increase or decrease in price when using the up/down arrows for the price fields in the Trade Ticket.
Auto-Cancel ECN/NSDQ

The number of seconds that direct ECN & NSDQ orders are live before the system auto-cancels them. A value of 0 disables auto-cancel. The default is 180 seconds.

Most Direct Access orders, while designated as day orders, are only active in the market place for up to 3 minutes. While each market center has its own rule regarding how long an order remains active until it is canceled for going unfilled, the StreetSmart Edge™ software provides an automatic order cancel feature for your Direct Access orders. This cancel feature may protect you in a fast market and will also provide you with possible protection in the event of a network or system outage.

Order Quantity

You have a choice to either specify a default quantity or use the last entered quantity (if one is available).

To use a default quantity, select Always use the default quantity and then select the default Share and Contract values you wish to use.

  • Check Use position quantity when applicable if, when you load a stock in which you have an open position into the Trade tool, you want the Share Size field to show the number of shares you hold.

Choosing Use last entered quantity when available will set the default quantity to the size that is currently in the quantity field of the Trade tool. So, no matter what stock you are viewing, the order quantity will not change.

Commissions

Use these fields to set the equity and option commissions to use when estimating the cost or proceeds that will result from the trade.

You can set commissions per trade or per stock/contract, depending on your commission structure.