Back	Home > Data Dictionary > C > Create Trade (Directed Trades)

Create Trade (Directed Trades)

Create Trade lets you choose what kind of directed trade you will set up and depending on the option you choose, will give you trade settings to customize the directed trade.

The following directed trade types are available under Create Trade:

• Buy: Buys a security in the quantity you specify.

• Sell: Sells a security in the quantity you specify.

• Final Position: A security-specific trade that buys or sells based on the model goal of the model which contains that security.

• Linked Trade: Sells one security and buys another using a percentage of the proceeds that you specify; trades are completed on the same day.

• Mutual Fund Swap: A T+1 trade which swaps mutual funds by selling one and purchasing another. This kind of trade is only available for accounts with Schwab, TD Ameritrade, and Fidelity as their custodian and is only available for mutual funds.

  Note that mutual fund swap is not available with the TD Ameritrade integration. You must manually upload the mutual fund swap trade file to TD Ameritrade.

For more information on creating directed trades, see Directed Trades Process. For more information on directed trades strategies, see Strategies Using Directed Trades and Directed Trades Versus Rebalancing.

For more information on quantity and trade types and how they'll affect directed trades, see Trade Type and Quantity Definitions in Directed Trades.