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Use Post Trade Allocations

Post trade allocations let Investment Managers for Multiple Fund accounts quickly and easily allocate some or all trades to defined clearing brokers.

You must define settlement instructions via the Funds Management section of Account Management before you will be able to allocate post trade. You typically do this as part of the account application process.

Access post trade allocations by clicking Trade > Post Trade Allocations in Account Management. You can specify post-trade clearing instructions at any time during the trading day, from minutes after execution until 6:00 pm ET. Post trade allocations let you:

  • Allocate any time during the day up until 6:00 pm ET. After this time, your trades will automatically be allocated using the selected default clearing destination.
  • Quickly unallocate any trades before 6:00 pm ET.
  • Configure re-usable allocation templates that allow you to quickly allocate one or multiple trades to a pre-defined clearing broker or set of clearing brokers.
  • Import allocations from a properly-formatted .csv file.
  • Create a custom Average Price trade by selecting trades for the same symbol and side where only the price differs. By default an average price display is expandable to show actual trades and trade prices.
  • Define configuration preferences including allocation settings, display preferences and symbol display.
  • Manage odd lots allocations. By default, the feature is set to allow round lots only.

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