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Approval Required for Custom Strategies That Override Restrictions

Trade Approval Settings allow you to enable trade approvals and set additional rules about which trades require approval and who can approve those trades. Approval required for custom strategies that override restrictions lets you dictate how custom strategies and quick trades of restricted securities will need to be approved before those trades can be completed.

Security restrictions are created one of three ways: 

• On the Securities page, under the Rebalancing tab.

• Within individual accounts.

• At the Trade File Group level.

These are the options available: 

• Selected,Custom strategies or quick trades generated in securities that have restrictions must receive approval before they can be sent to the Trade List.

  When a custom strategy or quick trade is created in a security that is restricted, that trade requires the approver to provide a note regarding the violation. These notes can be reviewed by the trade approver. This maintains a record of accountability and helps with trade accuracy.

• Cleared.Custom strategies or quick trades generated that violate a restricted security will not require approval before they can be sent to the Trade List.

For more information on security restriction overrides, see Security Restriction Overrides.

For more information on the trade approval process, see Approve Trades.

For more information on custom strategies and quick trades, see Manual Trades.