Contents

Introduction Directed Trades Custom Strategies Edit a Recommended Trade on the Rebalance Summary Edit a Recommended Trade in Trade Review Add a Trade for a Security Not in the Model Choose Lots to Trade on the Rebalance Summary Quick Trades Security Restriction Overrides

 

Introduction

Most of the trading done in Tamarac Trading will be trades associated with the rebalance process. However, Tamarac Trading also has tools available that help you trade outside of the normal rebalancing process. Here, you’ll find information on manual trading.

Custom strategies, quick trades, and directed trades allow you to override restrictions. Directed trades allow you to choose which restrictions you want to override.

Directed Trades

Directed trading enables you to focus on individual securities while trading across a set of accounts outside the constraints of a rebalance. Directed trades can also be used in conjunction with completing a rebalance on your accounts.

For more information on creating and executing directed trades, see Learn More About Directed Trades.

Custom Strategies

Custom strategies allow you to edit recommended trades or create your own on-the-fly trades outside of any recommended trades generated during a rebalance. Because you generate custom strategies in individual accounts or groups, these are good for adjusting trades one account at a time.

When creating a custom strategy for a group, edit trades when viewing the Rebalance Summary at the group level. If you edit the trades in an underlying account, Tamarac Trading removes the trades from the rest of the family members assuming that the account being viewed is the only account in which you are looking to trade.

To do manual trading for multiple accounts at once, create a directed trade.

Edit a Recommended Trade on the Rebalance Summary

To change a recommended trade listed on the Rebalance Summary, follow these steps: 

1. Open the Rebalance Summary.

2. Select Edit next to the trade you want to change. This opens the edit options for the trade.

3. Make any changes needed to the trade.

   

   You can also place the trade on hold.

4. Optionally, you can edit trades in spreadsheet format when you toggle to Spreadsheet View.

   

5. Select Generate Custom Strategy.

6. Select Approve Trades once all changes have been made. This will approve all trades for the selected account and not just the selected trades.

Edit a Recommended Trade in Trade Review

To change a recommended trade listed on the Trade Review page, follow these steps: 

1. Open Trade Review.

2. Select Edit trades.

   

3. Make any changes needed to the trade.

   

   To close Edit Mode, click Cancel edit mode. This will remove any changes you've made.

4. Select Save edited trades.

5. Approve the trades. For more information, see Approve Trades. Approving the trades will approve all trades for the selected account and not just the selected trades.

Add a Trade for a Security Not in the Model

1. Open the Rebalance Summary.

2. Click ... and select Create Quick Trade.

   

3. In Symbol, start typing the name of the ticker. Click the security when it appears.

   

4. Select Add.

5. Configure the trade details as desired. You can add as many trades as you want.

   • Action. Choose what action to take: Buy, Sell, or Sell All.
   • Quantity. Set the quantity of dollars, shares, or account percent to trade. If you Sell All, you won't be able to set the quantity.
   • Quantity Type. Choose whether the amount of shares purchased is measured in dollars, number of shares, or percent of the account value.

   

6. Select Save when you've added all trades.

7. Select Generate Custom Strategy once you've finished making changes.

8. Approve the trades. For more information, see Approve Trades.

Choose Lots to Trade on the Trade Review page

You have the option to select specific tax lots for a sale on the Trade Review page using the Sell lots feature. Sell lots gives you the ability to sell lots based on their gain or loss amounts.

To choose lots for the sell, follow these steps:

1. Open Trade Review.

2. Select Edit trades.

   

3. For the trade you want to specify lots for, choose Sell Lots in the Action column. Make changes to Sell Quantity in the Select Lots dialog box.

   

4. Select Save.

Choose Lots to Trade on the Rebalance Summary

You have the option to select specific tax lots for a sale on the Rebalance Summary reporting, which gives you the ability to sell lots based on their gain or loss amounts.

To choose lots for the sell, follow these steps:

1. Open the Rebalance Summary.

2. Locate the recommended sell.

3. Select Sell Lots in the actions list.

   

4. Select Select Lots.

5. Change the Sell Quantity for the lots you want to sell. Click Select All to sell all shares of a particular lot.

   

6. Select Save when you're finished.

Quick Trades

Quick Trades allow you to generate one-off trades on the Trade Review page, as well as the Rebalance Summary page, regardless of which securities are in the model. On the Trade Review, you can use Quick Trade to create trades for multiple accounts at once in an easy-to-use interface.

For more information about quick trades, see Create a Quick Trade.

Security Restriction Overrides

When traders at your firm generate trades in restricted securities through quick trades or custom strategies, you may want a warning and auditing system that alerts you to these restricted trades. The Approval required for custom strategies that override restrictions option in Rebalancing System Settings adds restriction override features to the trading workflow.

When enabled, you will see these restriction override features: 

• Restriction violation warning during trade approval.After creating a quick trade or custom strategy that violates a security restriction, the trader or trade approver will see details about the restricted security that will be traded. The trader or trade approver must enter a note before the trade can move to the next step in the trading workflow.

  

• Restriction Override column.The Restriction Override column on the Orders, Trade List, Rebalance, and Trade Review pages links to an alert window that shows a comprehensive summary of security restriction overrides.