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Open/Close (Securities)

This securities setting allows you to choose from one of these options: 

• Open (Security can be purchased)This is the default for all securities; if selected, this security will not be restricted from trading.

• Hard Close (Security cannot be purchased)This restriction prevents the security from being purchased and only allows it to be sold in the account. This restriction instructs Tamarac Trading to minimize the frequency of all trading for the security.

  Be aware that:

  • If a security uses the Hard Close setting as well as the Hold Do Not Trade restriction at the same time, this can cause errors.

  • It's best practice to use a Restriction setting instead of the Hard Close setting to get your desired behavior.

• Soft Close (Purchase if previously held)This restriction allows sells and purchases only when the security is already held in the account. For example, this is used for mutual funds that are closed to new investors.

Learn More

For more information about maintaining securities, see Maintain Securities.

For more information about using securities, see Learn More About Assets, Liabilities, Securities, and Categories.