Trailing stop limit Buy order Fidelity

Overview
Features of the Window
About Fractional Shares Trading NEW
About Algorithmic Strategies
Field Definitions

- Enter Equity Orders
- Enter Extended Hours Orders
- Set Trade Preferences

Overview

Enter orders for listed and over the counter (OTC) equity securities. Orders entered in Wealthscape must be accepted 15 minutes prior to the closing time. If an order is not entered, validated, and accepted prior to the closing time, the order will be handled on a best efforts basis.

Extended Trading Session

If the current time is within the following hours, a Trading Session selection displays. Choose either Standard (default) or Extended. (Enter Extended Hours Orders)

• Premarket hours: 7:00 AM to 9:28 AM ET

• Post-market hours: 4:00 PM to 8:00 PM ET

Specify Shares to Sell

When selling shares from a nonretirement account, you can continue with the cost basis disposal method already selected for the account, choose an alternate disposal method for just the transaction, or specify the shares to be sold. When the latter is selected, Wealthscape directs you through the specific share work flow so you can choose the lots to deplete.

Features of the Window

A number of features built into the ticket are designed to provide access to the tools and information that support the order process.

• Account Search

  At the top of the window, locate other accounts to enter orders without leaving the ticket. (Search for Accounts)

• Account Cartridge

  Below Account Search, view account information, balances, and firm and investment information for the account. (Account Cartridge)

• Quote

  After you enter a valid symbol or CUSIP for a security on the order ticket, access its quote information or security details.

• Positions-Open/Unrealized

  Select this link at the bottom of the window to expand the pane to view open positions for the account. By default, equity positions display, but you can change this to view other positions for the account including All Securities, Mutual Funds, or Options.

  - Prefill Orders

  In the Security ID column, select a link to display a menu of order actions. For an equity, choose Trade, Buy, Sell, or Sell All. Fields that prefill the order ticket include Action, Quantity (if Sell All), and Symbol/CUSIP. Additional prefills are based on your Trade Preferences. (Set Trade Preferences)

• Orders-Unsent

  Select this link at the bottom of the window to expand the pane to view unsent orders for the current account or for all your authorized accounts. By default, unsent equity orders display, but you can change this to view All Securities, Mutual Funds, or Options.

  - Manage Orders

  From Orders-Unsent, you can edit, delete, and send a selected order. If you choose a single order containing a Lock or Error icon in the left-most column, the Send Selected Orders button is not available. Position your pointer over an icon to view its message.

About Fractional Shares Trading

Fractional shares trading of stocks and ETFs, also known as dollar-based trading, represents a simplified way of investing that enables your customers to base trade decision on how much they'd like to invest. For example, enter a fractional share order based on a dollar amount as opposed to how many whole shares the customer is able to buy. Essentially, this allows your customer to buy a fraction of a share. For more information, select Fractional Trading Agreement at the bottom of the order entry ticket.

• Enter buy or sell orders for a single account, as market or limit price types, good for the day of the trade only.

  The whole share portion of the order is sent to the market. The fractional share portion is routed to Fidelity Capital Markets (FCM) where FCM executes the order acting as the principal.

• Enter fractional share quantities out to three decimal places such as 2.525 as long as the value of the order is at least $1.00.

• Enter dollar-based quantities out to two decimal places such as $250.00. Your dollar-based order will be converted into shares out to three decimal places and rounded down to the nearest decimal. As rounding occurs, the value of shares you receive might be higher or lower than the dollar amount you requested.

  - Minimum dollar-based order is $1.00.

• Generally, all National Market System (NMS) exchange-listed stocks are eligible.

  - At this time, the exception is Berkshire Hathaway (BRK-A).

• Auto-liquidation of fractional positions is not allowed. The first time a fractional order is submitted for an account, auto liquidation is turned off so the account can hold fractional shares of less than 1. To then sell the entire position, the fractional shares plus the whole shares must be affirmatively sold off.

• All orders with a fractional share component are marked "Not Held," which gives Fidelity the time and price discretion to execute the order without being held to the security's current quote.

• Fractional orders can be canceled, but cannot be canceled/replaced. To modify an order once it has been submitted, you must cancel the order and then submit a new one. (Cancel Orders)

About Algorithmic Strategies

If entitled, use algorithmic strategies to create algorithmic orders. These strategies are quantitative models created from analyzing historic trade patterns of a given security. Based on specific benchmarks or uniquely designed models, the algorithm strategies determine time intervals to trade a security to obtain its best price.

Algorithms can help to minimize the potential market impact of trading a large position and to meet specific trading parameters. You may benefit from proven methodologies designed to help you obtain your chosen benchmark when you take advantage of the FCM Algorithmic Strategies.

- Enter algorithmic orders only on business days.
- Do not enter algorithmic orders outside of 7:00 AM-4:00 PM ET.
- You can cancel algorithmic orders; you cannot cancel / replace them.
- Algorithmic orders are not eligible for fractional trading.

Benefits

With FCM acting as the agency broker, consider creating algorithmic orders for the following reasons:

• Stop a trade while in progress if market conditions or your objectives change.
• Meet an intended outcome.
• Implement proven methodologies designed to help you to obtain your chosen benchmark.
• Access to sophisticated order placement and liquidity.

Supported Types/Strategies

The following strategies use different algorithms to either build or liquidate a position. When selected, most algorithms display additional fields (start time, end time, etc.) that describe execution details for the order. (Field Definitions)

Enter Equity Orders

1. Select Trade > Order Entry > Equities.

   - If prompted, search for an account. (Search for Accounts)

2. Select the Action:

   B-Buy
   S-Sell
   BC-Buy to Cover
   SH-Sell Short

3. Enter the Quantity of the order as a whole number.

   - Enter fractional share quantities out to 3 decimal places such as 2.525.
   - Enter dollar-based quantities out to 2 decimal places such as 250.00.
   - The estimated dollar cost or estimated shares for the order now displays.

4. Enter the Symbol/CUSIP and press Tab. (Symbol Lookup)

   - Links on the window enable you to access pricing for the security.

5. Choose the Price Type, which determines the execution price:

   M-Market
   L-Limit
   S-Stop Loss
   SL-Stop Limit

   TSD-Trailing Stop Loss $
   TSP-Trailing Stop Loss %
   TLD-Trailing Stop Limit $
   TLP-Trailing Stop Limit %

   If Price Type is Limit or Stop Limit, enter a Limit Price. If Price Type is Stop Loss or Stop Limit, enter a Stop Price. If Price Type is for a Trailing Stop, enter the Trail Amount and then indicate what that amount is Based On: Last (default), Bid, or Ask.

6. Select the Time in Force.

   - If Good til Canceled, you may enter an Expiration Date.
   - The default expiration date for equities is 180 days.

7. Choose the Account Type.

8. Enter remaining order information. (Field Definitions)

9. If Action is Sell or Buy to Cover, to choose an alternative cost basis disposal method other than the method already selected for the account, choose a Transaction Disposal Method. (Cost Basis Disposal Method)

   - If you select Specify Shares, skip to: Specify Shares to Sell.

10. Choose one of the following.

    If errors occur, incorrect fields are highlighted. Enter corrections before attempting to proceed with the order.

    Save
    Saves the order to the Orders Unsent window to be sent later.

    Verify
    Verifies whether errors exist that may block the trade. If no errors, a Verification window displays trade details to review before proceeding with the order. To make changes, select Edit. To send the order to the market, select Send Now.

    Send Now
    If entitled; bypasses the verification step and sends the order to the market.

    Note
    If a fractional order, the fractional share portion is routed to FCM for execution, and the whole share portion is sent to the market.

    Go to:
    Search for Sent Orders
    Search for Unsent Orders

Specify Shares to Sell

Continue with the steps below after selecting Specify Shares as the Transaction Disposal Method for the order.

The cost basis disposal method you designate on the order ticket is used just for this specific order and does not replace the account's established cost basis disposal method. Use this capability on a closing transaction to deplete specific tax lots held by the account.

Override of the account-level disposal method for an order does not apply to:

- Opening transactions.
- Retirement accounts.
- Orders in account type 0 (DVP/RVP).
- Positions with an Average Cost (ACSC) method.
- Lots purchased intra-day.

Note that you can specify shares for a fractional share order, if entitled, but not for a dollar-based, notional order.

Shares identified in a specific share order will be reported on the customer confirm if the order fills. Shares left unspecified are depleted using the account-level cost basis disposal method. Note, too, for a specific share order, you cannot save the order to send later; you must send the order now.

- Prefill Specific Shares
- Enter Shares Manually

Prefill Specific Shares

This window displays only if the account's position is in good order (IGO) and cost basis is fully or partially known. If partially known, only known basis lots display.

To specify shares using prefill

1. On the order ticket, select Continue & Specify Shares.

2. From the Pre-Fill Selections drop-down lists, indicate how to prefill shares to sell based on your sort choices; select one or both sorts:

   - From Prefill by Holding Period, select a sort based on holding period:

   No Preference (Default)

   Short-Term
   List mutual fund shares held less than the minimum holding period first. These shares may be subject to redemption (short-term trading) fees. See the fund's prospectus for more information.

   Long-Term
   List mutual fund shares held longer than the minimum holding period first. These shares may not be subject to redemption (short-term trading) fees. See the fund's prospectus for more information.

   - From Then By Cost, select a secondary sort based on cost:

   No Preference (Default)

   Highest Cost
   Pre-fill tax lots with the highest cost basis/share information first.

   Lowest Cost
   Pre-fill tax lots with the lowest cost basis/share information first.

   Minimizing Gain/Loss
   Attempt to identify high cost basis and low cost basis/share. There is no guarantee that gains or losses will be offset, in whole or in part. Results vary.

3. Select Prefill.

   - Running totals update as you specify shares
   - Shares Specified plus Shares Remaining must equal Total Shares.
   - Shares in the order left unspecified are depleted FIFO.

4. Select Verify.

   If the order is validated, the Verification window displays, which allows you to review order details prior to sending the order. If no errors, select Send Now.

   Go to: Search for Sent Orders

Enter Shares Manually

Fidelity provides cost basis and associated realized gain/loss information as a courtesy service. Such information may not reflect all adjustments necessary for tax reporting purposes.

To manually specify the shares

1. At the bottom of the window, select Specify Shares.

2. In the first available Shares Specified field, enter the number of shares to deplete from the lot.

3. In the Date Acquired field, enter the date the shares were added to the Fidelity account.

4. In the Cost Basis/Shares field, enter the price per share at which the shares were purchased.

   If shares were purchased over multiple dates or at different prices, you may split the lot into multiple lots. For example, if the quantity with unknown cost basis is 200 shares, which represents 2 separate purchases of 100 shares each, enter cost basis for the first 100 shares, then enter cost basis for the remaining 100 shares in the next row.

   - Continue specifying all the shares in the order.
   - To add another row of shares to specify, select Add Row.
   - To clear entries and start again, select Clear.
   - Shares Specified plus Shares Remaining must equal Total Shares.

   Note
   If known lots do not prefill the table, you may enter the known lots manually or submit a Service Request to identify the shares. (Initiate a Service Request)

5. Select Verify.

   If the order is validated, the Verification window displays, which allows you to review order details prior to sending the order. If no errors, select Send Now.

   Go to: Search for Sent Orders

Field Definitions

- Equities Order Entry
- Algorithm Order Entry
- Specify Shares

Equities Order Entry

Algorithm Order Entry

Refer to these definitions when completing an algorithmic order. Fields are organized below in the order of appearance on the Equities order ticket. (About Algorithmic Strategies)

Specify Shares

Fidelity provides certain cost basis and holding period information to you and to the IRS on your annual Form 1099-B and provides other cost basis and associated realized and unrealized gain/loss information to you as a courtesy. Such information may not reflect all adjustments necessary for tax purposes. Taxpayers should verify cost basis, associated gain/loss information provided by Fidelity against their own records when calculating reportable gain or loss resulting from a sale. Although Fidelity reports certain cost basis information to the IRS, Fidelity is not responsible for your use of this information in meeting your federal, state, and other tax obligations. Fidelity makes no warranties with respect to, and specifically disclaims any liability arising out of your use of, or any tax position taken in reliance upon, Fidelity-provided cost basis and gain/loss information.

Fidelity determines the appropriate cost basis method for calculating gain and loss based on positions held at the time of sale. Unless otherwise indicated, Fidelity determines cost basis using the average cost method for open-end mutual funds. For securities other than open-end mutual funds, Fidelity determines cost basis using the first-in, first-out (FIFO) method if Fidelity does not receive appropriate specific share instructions. Fidelity determines cost basis using the specific share identification (SS) method if Fidelity receives appropriate specific share instructions; however, such cost basis information may not correspond to an end-customer's cost basis information records if an end-customer used the specific share identification method prior to the time that such method tracking was made available by Fidelity.

End-customers should consult with their tax advisors for further information.

665234.8.0