Account Manager
Level 5 Approval
Nkd Req Shows the cash requirement for this Naked position in order to avoid a margin call.
Total Req Shows the total cash requirement for all positions in order to avoid a margin call.
All Levels
Symbol This column displays the underlying equity or index symbol(s), and the deliverable details, per contract. For stocks, it simply displays the stock symbol.
Opens Tab Options
Right-clicking on a position in the Opens tab will open the following menu:
Load [symbol] Will load the symbol selected in the Orders Tab into the Stock Box . Query for
News This will open the news window and show any recent news on the security.
Research
[symbol] This will prompt the browser window to open and load a link to research information about the security.
Apply Alert to
[security] Select the alert template to apply to the symbol, or you can create a New Alert.
You will be prompted to fill in any remaining variables for the alert, and then the alert can be set.
Mark to Hold The Holds function of the Account Manager allows you to separate positions you intend to keep overnight or longer from positions you are actively trading. An asterisk (*) next to the symbol indicates that it is marked to Hold. Hold positions are not displayed in the Position Market View or the Position Ticker.
View Overnight Groups
Overnight Groups allows you to view stock and option positions grouped to show which options are covered by stock positions, or to show straddle and spread pairings. Viewing these groups can help you understand your buying power as the trading day begins.
Update
Requirements For option positions where the cash requirements are other than 100% of the option value, the Account Manager will display the requirement for each position in the "Req" column.
While the Req columns will be updated each time you long on, you should select Update Requirements from the Account Manager View menu before you enter a new position. This will help you avoid encountering a maintenance call.
View
Requirement Details
See the maintenance requirement details for a position by selecting this option.
Close Out
[symbol] Closes out the trade by selling or buying to cover a short using a CyberXchange Market order.
Liquidate All Sends a CyberXchange Market order to liquidate all the positions in the account.
WARNING This button should NOT be selected unless ALL OPEN POSITIONS are to be liquidated (does not guarantee they will be, however.)
Show/Hide
Menu Select to Show to display the Account Manager menu bar. Select Hide to remove the menu bar.
Account
Manager FAQ To see a list of Frequently Asked Questions about the Account Manager, select this option.
ALERTS TAB
CyberTrader's Alerts allow you to create custom alerts for stocks, options, and futures that are as simple or complex as you need. You select the criteria that will cause the alert to fire, as well as the action the alert will take. You can have the alert simply notify you that your conditions have been met all the way to having it route a Buy, Sell, or Short order for you.
If your alert causes an order to be placed, it is not guaranteed to fill any more than if you had manually placed the order yourself; however, the alert feature does provide a “third eye” to allow you to watch for and act upon trading situations you might otherwise miss.
Alerts can be set up individually for specific orders, or you can set up alerts to be used repeatedly by saving them as Alert Templates.
Alerts are managed through the Account Manager Alerts tab. To set up an alert, right-click and click New in the Alerts tab, or select Alerts > New from the menu.
Stock symbols shown here are for illustrative purposes only. CyberTrader, its parent, and/or its employees and/or directors may have positions in securities referenced here in, and may, as principal or agent, buy from or sell to clients.
Important Information about Alerts
• If you have an alert set on a security but end up manually exiting a position or entering an order on that symbol (thus negating the need for the alert), you must remove the alert; otherwise it will apply to the next position held in that same security.
EXAMPLE If you have an open position in WXYZ and have set a Stop Loss on that position (with Close as the action), but you decide to manually exit the position, the alert will still be active and will apply to the next WXYZ position you hold.
• Logging off, exiting the system, or closing down the Account Manager will cause alerts (except those with Do not remove alert after logging off checked) to be deactivated. Alerts with Do not remove alert after logging off checked will remain active from pre-market open to post- market close regardless of your logon status.
• HOWEVER, if you lose your Internet connection due to system failures (i.e. computer crashes, network disconnections, etc.) and you have alerts that do not have Do not remove alert after logging off checked, the alerts will be held active on the server for 10 minutes. If you do not log back on within those 10 minutes, these alerts will be deactivated. If the alert parameters are triggered within that 10 minutes and you are still NOT logged on, the alert will fire and place any orders specified by the alert actions. Orders placed by the alert system have no guarantee of execution.
• For conditional orders for equities and futures where you select Confirm order before sending, if your alert fires while you are logged off, your conditional order will not be sent.
• All conditional options orders must be confirmed before the order is sent, which means you must be logged on when the alert fires, or your conditional order will not be sent.
• Alerts WILL CANCEL IMMEDIATELY if triggered within 10 seconds of being set.
• NASDAQ has extended the time during which they update inside quotes on actively traded securities to 6:30 p.m. E.S.T. This means that they are updating Level I data up to 2.5 hours after the close of the market. Due to this change, any Alerts, Stop Loss and Conditional Orders can potentially be triggered after hours. In addition to NASDAQ's change, activity in the after- hours market has increased. Orders preset with "Trade Price" as a criterion can trigger based on prints posted after-hours. If you do not remove your entries you run the risk of getting unwanted orders filled. This is not a software error.
• Alerts and conditional orders placed on NYSE securities during Pre- or Post-Market hours will only be able to trigger once the market opens, even if the security is traded through an ECN. NYSE alerts are based on the Level I bid/ask quotes, which only come from the exchange and never from third-party sources, such as ISLD.
STATS TAB
The Stats Tab in the Account Manager shows an electronic display of your margin and buying power information in real-time. Here you have immediate access to Account Balance, Profit & Loss and Buying Power.
STOCK AND OPTION ACCOUNT STATS Overnight Buying
Power Total market value of new securities positions you may carry overnight without incurring a regulation "T" call
Intraday Buying
Power Total market value of new securities into which you may enter and subsequently exit without incurring a margin call
Money Used Total market value of new securities positions (total shares x initial entry price)
Real-time Buying
Power Real-time buying power remaining (Buying Power - Money Used) Open P&L Profit or loss on positions that are open and have not been closed
Closed P&L Profit or loss on positions that have been opened and subsequently closed Total P&L Sum of Open P&L and Closed P&L
Orders Shows the number of live orders in the process of being executed Executions Shows the number of individual trades placed today
Positions Shows the number of currently open positions Alerts Shows the number of active alerts
FUTURES ACCOUNT STATS
Starting B-P Total market value of new securities into which you may enter and subsequently exit without incurring a margin call
Futures Money Used Total market value of new futures positions (total shares x initial entry price)
Futures Real-time
Buying Power Real-time buying power remaining (Starting Buying Power - Futures Money Used)
Open P&L Profit or loss on futures positions that are open and have not been closed Closed P&L Profit or loss on futures positions that have been opened and subsequently
closed
Total P&L Sum of Open P&L and Closed P&L
Orders Shows the number of live orders in the process of being executed Executions Shows the number of individual trades placed today
Positions Shows the number of currently open positions Active Alerts Shows the number of active alerts
Commission Total commissions accumulated today
TIP If you prefer to show multiple positions in the same symbol combined in the Account Manager (as opposed to showing each position in a stock individually), call Client Services to set that up. For example, if you hold 200 shares of ABCD at 20.50 and another 200 shares of ABCD at 21, the account manager will show that you hold 400 shares of ABCD at 20.75 if you elect to view positions this way.