Trade Approval Settings

As part of your firm's compliance rules, Admin users can specify the number of calendar day(s) that an approved trade or private investment request is valid for. For example, if your firm requires that users must execute a trade within 5 days of receiving approval, change the setting to 5 days. The default setting is 7 calendar days.

To edit this setting from the "Admin" mode, navigate to "Settings" from the main menu and choose the "Compliance" tab.

Enter the number of days that trade request approval is valid for. When a user submits a trade request, the number of days is highlighted on the calendar modal. The approval window is based on the "Anticipated Trade Date" that a user selects.

A private investment approval period can be set by adding or subtracting to the desired number of days.

If an Admin user approves a trade request or private investment request and the user executes the trade or investment outside of the allowed window, it is considered to be non-compliant. For example, if a user submits a trade request with an anticipated trade date of January 1 and the request is approved for 7 days, the user has until January 8 to execute the trade. If the user trades January 10, the approval is no longer valid and the January 10 trade is non-compliant.

A holding period can be required by toggling "Require holding period:" to the right then setting the number of days required. 

At the bottom of the Compliance settings tab you will also find the auto compliance settings. The settings can be adjusted to automatically approve or deny a trade request for a certain security type. 

As an example, if you would like for trade requests for any equity to be automatically approved or denied, simply click the down arrow and select the setting and click save. The next time a user submits a trade request for Apple, Amazon, etc. the request will be automatically approved and will not require an admin user to review and approve the request.

If you would like for a trade to be automatically denied or approved based on the value, you will want to choose "Automatically Approve if value is" or "Automatically Deny if value is." You will then choose Above or Below in the second box and then type in a value in the third box. The example below shows that any trades in equities that are below $500 will be automatically approved (anything above $500 will be marked for review).

The same can be done for ETFs, Mutual Funds and Cryptocurrency. Please note that any trade requests for any security on the Restricted List will still be automatically denied even if the auto compliance setting is set to automatically approve.