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Home > Tamarac Trading > Rebalances and Trades > Directed Trades > Add Accounts and Apply Directed Trades
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Add Accounts and Apply Directed Trades
Directed trades allow you to focus on individual securities while giving you the option of trading across a group of accounts outside the constraints of a rebalance.
When creating a directed trade, the options you choose depend on your strategy, but the basic workflow is the same:
Once you create the directed trade, you'll then associate the trade with the correct accounts, choose the type of trade, and apply the trade to the accounts.
This page provides steps for how to add accounts to a directed trade. For information about other steps in the Directed Trades workflow, see Directed Trades Process.
There is no limit to the number of accounts you can add to a directed trade.
If you created a directed trade, others may be able to view and execute the trade but you are the only person who may add accounts to that trade.
Creating a saved search allows you to isolate a specific set of accounts based on selected criteria. This is an efficient way to select accounts to create a directed trade. For more information, see Learn More About Searching for Accounts.
For more information on specific strategies that can be used with directed trades, see Strategies Using Directed Trades and Directed Trades Versus Rebalancing.
After creating a directed trade, add the accounts or groups in which you want to apply the trade you created.
On the Rebalance & Trade menu, choose Directed Trades.
Add accounts using one of these methods:
Select the check box next to the trade you want to add. In the Actions list, click Add Accounts and click Continue.
Click the blue 0 link in the Accounts column.
Check the box next to accounts where you want to apply the directed trade.
To filter the accounts list to find the accounts you want, use the Saved Search and Account Set lists.
Select the check box next to any directed trades you want to execute.
In the Actions list, choose Set Trade Setting and then click Continue.
Choose a trade setting for the directed trade. You can choose:
Directed Trades Only. Choose this option to only trade the securities designated in the directed trade. This may cause the model to go off target for some accounts or groups.
Directed Trades & Full Rebalance. Choose this option to only trade the securities designated in the directed trade, then execute a Full Rebalance. This ensures the overall model is on target at the end. This trade type generates the most trades.
Directed Trades & Min/Max Rebalance. Choose this option to only trade the securities designated in the directed trade, then execute a Min/Max Rebalance. This ensures that any off-target securities in Security Level models applied to the accounts or groups are brought back on target at the end. This trade type generates fewer trades.
Choose the appropriate option and then click Save.
Click Save & Apply.
Confirm the action in the alert window by clicking Continue. Tamarac Trading will send the trades to the Trade Review page for your approval.
Go to the next step, Review Directed Trades.