COLFinancial

NEW ORDER TYPES

COLFinancial is
introducing two new order types:
 
1.
COLFinancial Good-till-Cancelled (GTC) Order
   
Description
   
How
to Use
2.
COLFinancial At-the-Close Order
   
Description
   
Mechanics
   
How
to Use When the Market is Open
   
How
to Use When the Market is Closed
 
 
COLFinancial Good-till-Cancelled
(GTC) Order

Description: 

The COLFinancial GTC orders are limit orders which are valid for seven (7) calendar days. For example, if the GTC order is entered
on November 26, the order will be valid until January 25. If the Valid Until date is a non-trading day, it will no longer be valid on the next
trading day which follows. For example, if a GTC order is valid until November 20 which is a Saturday, on November 22 (Monday)
which is the first trading day that follows, the GTC order will no longer be valid. 

How to Use:

ENTERING
GTC ORDERS
 
GTC orders can
be issued through the Order Entry function on the 'Trade/Portfolio' section and can be entered during trading time
when the market status is either in Pre-Open, Open, or Trading at Last only (from 9:00AM to 12:10PM). GTC orders cannot be
entered/modified/cancelled during off hours as the Exchange needs to be open to accept and validate GTC order requests. Lastly, like
any normal order, it cannot be cancelled/modified during (9:15AM-9:30 AM and between 11:59AM-12:00PM) as all orders
including
GTC's have to follow the Exchange's order regulations on cancellations and
modifications.
 
To enter GTC orders, go to the Order Entry Function (Trade/Portfolio->Enter Order)
Press on the GTC selector then enter the Stock Code, Number of Shares, and Price then press on the Preview Order button
as shown
below:
 

 
The Preview Order window will appear as follows:

Note that the Term field column should indicate GTC and the Valid Until field column should indicate the final date of your GTC order.

Enter your password to send the GTC order. You should see the Order Confirmation Window
as follows:
 

 
Note that the Order Confirmation notice will also show the Term and Valid Until values correspondingly.
 
VIEWING
YOUR GTC ORDERS
 
You can view your GTC orders in the same window as regular orders. Go to the View / Modify Open Orders Window (Trade/Portfolio-
>View/Modify Order):
 

 
Your GTC order will remain on this window while it is still valid.
 
CANCELING / CHANGING YOUR GTC ORDER

You can cancel or change your GTC orders in the same window as regular orders. Go to the View / Modify Open Orders Window
(Trade/Portfolio->View/Modify Order), then click on either the option to cancel or change,
review your order request, then enter your
password to confirm.
 

 
GTC orders can only be
cancelled when the market status is in Pre-Open, Open, or Trading at Last. Again GTC orders cannot be
cancelled/modified during off hours as the Exchange needs to be open to accept and validate GTC order requests. Lastly, like any
normal order, it cannot be cancelled/modified during (9:15AM-9:30 AM and between 11:59AM-12:00PM) as all orders
must follow the
Exchange's order regulations on cancellations and modifications.
 
COLFinancial At-the-Close
(ATC) Order
 
Description:
 
The COLFinancial At-the-Close
order allows you to enter an order that will be sent to the Philippine Stock Exchange for execution
during the market run-off period (12:00 PM-12:10 PM) at a price equivalent to the closing price of the stock. The ATC order must be
sufficiently funded with cash or stocks to remain a valid day-only order.
 
Mechanics: 
 
The COLFinancial ATC order follows these
mechanics:

User must specify the order to be of type ATC. ATC orders only require
the side, stock code and volume to be entered by the
user. The price at which the order will be sent during
RUN-OFF would be dependent on the closing price of the stock.
ATC orders can be entered anytime before the market state becomes
RUN-OFF.
Once the market state becomes RUN-OFF, all ATC orders which have
sufficient funds or stocks will be sent to the market for
execution with a price
equal to the corresponding closing price of the stock.
Placing an ATC order does not guarantee that your trade will be partially
or completely executed. Your order's execution will be
dependent on your place in the order queue and the
availability of sellers at the closing price.

How
to Use:

You may enter an ATC

order when the market is OPEN or when the market is CLOSED.  

To
enter an ATC order when the market is OPEN, perform the following
steps:

1. 
Log-in to your account at COLFinancial.com.
2. 
Click on the 'Trade/Portfolio' tab.
3. 
Select the 'Enter Order' option.
4. 
Your order entry form now has an additional row labeled Term with three
options: ATO, GTC, and ATC.
5. 
Select the ATC option from the Term selection.
6. 
Your order entry form now has one less entry which is the Price.
7. 
Enter your usual order details for Transaction (BUY/SELL), Board (MAIN/ODDLOT),
Stock Code, and #Shares.
8. 
Click on the 'Preview' button and review your order details. You will
notice that the price used in your order details is a temporary
price
equivalent to the last best bid for the stock if there is any.  If
there is none, this would be equivalent to the closing price of the
stock.  This temporary price is used for preliminary calculation
only to determine more or less if you have the cash or shares to
execute
the transaction. The actual price that your order will have would be
equivalent to the price of the stock during market RUN-
OFF.
9. 
If your order details are acceptable to you, enter your password and
click on the 'Place Order' BUTTON.
10. 
You have just entered your ATC order.
11.To
view your ATC order while the market is open, click on the 'View/Modify Order' option.
12.Your
ATC orders are indicated by an ATC value under the Term column under the
Scheduled Orders heading.
12.When
the market state becomes RUN-OFF, your ATC order will get sent to the
Exchange with the price equivalent to the price of
the stock during
RUN-OFF. Only ATC orders which have enough cash or stocks to execute the
order will get sent.
13.To
view/modify your ATC order while the market is in RUN-OFF, click on the
'View/Modify Order' option.
14.Your
ATC orders are indicated by an ATC value under the Term column of the
Open Orders column.

To
enter an ATC order when the market is CLOSED, perform the following
steps:

1. 
Log-in to your account at COLFinancial.com.
2. 
Click on the 'Trade/Portfolio' tab.
3. 
Select the 'Off-hours Order' option.
4. 
Your order entry form now has an additional row labeled Term with three
options: ATO, GTC, and ATC.
5. 
Select the ATC option from the Term selection.
6. 
Your order entry form now has one less entry which is the Price.
7. 
Enter your usual order details for Transaction (BUY/SELL), Board (MAIN/ODDLOT),
Stock Code, and #Shares.
8. 
Click on the 'Preview' button and review your order details. You will
notice that the price used in your order details is a temporary
price
equivalent to the last best bid for the stock if there is any.  If
there is none, this would be equivalent to the closing price of the
stock.  This temporary price is used for preliminary calculation
only to determine more or less if you have the cash or shares to
execute
the transaction. The actual price that your order will have would be
equivalent to the price of the stock during market RUN-
OFF.
9. 
If your order details are acceptable to you, enter your password and
click on the 'Place Order' BUTTON.
10. 
You have just entered your ATC order.
11.To
view your ATC order while the market is closed, click on the 'Off-hours
View/Cancel' option.
12.Your
ATC orders are indicated by an ATC value under the Term column. 
12.When
the market state becomes RUN-OFF, your ATC order will get sent to the
Exchange with the price equivalent to the price of
the stock during
RUN-OFF. Only ATC orders which have enough cash or stocks to execute the
order will get sent.
13.To
view/modify your ATC order while the market is in RUN-OFF, click on the
'View/Modify Order' option.
14.Your
ATC orders are indicated by an ATC value under the Term column of the
Open Orders column.