Traders will be able to access the trading platform through the online broker's website. ViziTrade will have a separate trading button, and after you have entered the trading system then you will have the opportunity to proceed to a company's trading board. From there will enable you to review the company's order book, where you can view both buy and sell orders on that company.
Because the trading system is not a matching service you will have to click on the action that you're requesting.
Example:
You want to purchase a 1000 shares of a stock, and after reviewing the order book you see lots 700, 1500, 1700 you will be unable to facilitate that request you can only purchase the lot that is for sale, so in short no partial fills.
Same is true on the sell side if your looking to sell 200 shares of stock the only way you will be able to do so is to find a buy order for 200 shares, or a combination equal to 200 shares.
Trading will begin with a few hundred stocks that have the most liquidity, and add more stocks based on liquidity.
ABOUT TRADING
- Investors that have an account with the participating Broker will be able to trade immediately, only investors that have an account will be able to trade.
- After the broker has opened your Internet trader account you will be issued your account number to begin trading on the trading system.
- To place a buy or sell order, proceed to the company you wish to submit an order for. Then go to add new transaction section and select how many shares you would like to buy or sell.
- Through the Internet trader account investors will be asked to enter their account number, by entering your account number will allow the broker to process the transaction at the fixed ticket charge with no commissions.
- Investors will be able to modify price or volume at any time without incurring any expense.
- The trading system is not a matching service so to execute any trade will require you to physically submit the buy or sell order.
- Orders are processed on a real time basis.