Trade order window

Trade order statuses differ from transaction statuses, and are linked to different logic and functionality than transaction statuses.

You can choose the status of your trade order from the alternatives: Open, Accepted, Executable, Sent to execution, In execution, Partially executed in the market, Executed in the market, Settled in the market, Executed, Cancelled, Rejected and Expired.

Trade order statuses have the following functionality linked to them:

Transaction preferences allow you to define which trade order statuses are available for you to use - enable the statuses you need for your trade order flows to represent your trade order's life cycle.

The Execution method field is only available for trade orders (not transactions), allowing you to differentiate between unit-based and trade-amount-based trade orders. This allows you to explicitly state how your orders should be executed, meaning if you want to "fix" the units or the trade amount when executing the order - essentially, with unit-based orders you want to buy/sell x number of units, and with trade-amount-based orders, you want to buy/sell worth x amount of cash (available from FA 3.8 onward).

Bulking trade orders is only possible with the execution methods Not defined, Units, and Net trade amount (see Bulking in FA User guide).

You can select a trade order's execution method from the following list:

Trade order execution method recorded on the trade order can be used in Trade order execution when executing the orders - you can execute each order with the execution method defined for them.

Example: difference between "Gross trade amount" and "Net trade amount" based orders

Gross trade amount based order to subscribe for 1000 EUR of Fund X shares, with 1% subscription fee, would result in a trade costing the investor 1010 EUR (incl. 10 EUR fee). Similarly, a redemption for 1000 EUR of Fund X shares with 1% redemption fee would result in a trade that pays the investor 990 EUR (after a fee of 10 EUR).

Net trade amount based order to subscribe for 1000 EUR of Fund X shares, with 1% subscription fee, would result in a trade costing the investor 1000 EUR (incl. 10 EUR fee). Similarly, a redemption for 1000 EUR of Fund X shares with 1% redemption fee would result in a trade that pays the investor 1000 EUR (after a fee of 10 EUR).

Payment date field allows you to manage pre-paid orders - if your trade order has a payment date and the order matches the required criteria, your portfolio's cash is deducted on the payment date already based on a trade order, even when a transaction doesn’t yet exist.

In order for a trade order to be considered as "pre-paid" and your portfolio's cash to be deducted based on the order, the order has to fulfil the following criteria:

When utilizing pre-paid orders, the cash effect of the trade order is transferred from the order to the created transaction during trade order execution. The flow from pre-paid order to pre-paid transaction goes roughly as follows:

The Internal info field for a trade order can be used to enter the transaction fee percentage for the fund subscriptions and redemptions. For example, for a 0.5% fee, enter: fee=0.5. To learn more about managing subscription and redemption fees for a fund, see Transaction fees for a fund in FA User guide.

When you are manually creating a new trade order or modifying a trade order in status "Open", the Analyze pre-trade limits button allows you to run an ad-hoc pre-trade limit analysis before actually saving the trade order. The limit analysis results are shown in the Limits tab.