Overview
Features of the Window
Fractional Share Trading NEW
Algorithmic Strategies
Field Definitions

- Enter Equity Orders
- Enter Extended Hours Orders
- Set Trade Preferences

Overview

Enter orders for listed and over the counter (OTC) equity securities. Orders entered in Wealthscape must be accepted 15 minutes prior to the closing time. If an order is not entered, validated, and accepted prior to the closing time, the order will be handled on a best efforts basis.

Specify Shares to Sell

When selling shares from a nonretirement account, you can continue with the cost basis disposal method already selected for the account, choose an alternate disposal method for just the transaction, or specify the shares to be sold. When the latter is selected, Wealthscape directs you through the specific shares workflow so you can choose the lots to deplete.

Features of the Window

A number of features built into the ticket are designed to provide access to the tools and information that support the order process.

• Account Search
  At the top of the window, locate the accounts for your orders without leaving the ticket.

• Account Cartridge
  Below Account Search, view account information, balances, and firm and investment information for the account.

• Quote
  After you enter a valid symbol or CUSIP for a security on the order ticket, access its quote information or security details.

• Positions-Open/Unrealized
  In the panel at the bottom of the window, view open/unrealized positions for an account. By default, equity positions display, but you can change this to view other positions for the account including All Securities, Mutual Funds, or Options.

  Prefill Orders
  In the Security ID column, select a link to display a menu of order actions. For an equity, choose Trade, Buy, Sell, or Sell All. Fields that prefill the order ticket include Action, Quantity (if Sell All), and Symbol/CUSIP. Additional prefills are based on your Trade Preferences. (Set Trade Preferences)

• Orders-Unsent
  Select this link at the bottom of the window to expand the panel to view unsent orders for the current account or for all your authorized accounts. By default, unsent equity orders display, but you can change this to view All Securities, Mutual Funds, or Options.

  Manage Orders
  From Orders-Unsent, you can edit, delete, and send a selected order. If you choose a single order containing a Lock or Error icon, the Send Selected Orders button is not available. Position your pointer over an icon to view its message.

Fractional Share Trading

Fractional share trading of stocks and ETFs, also known as dollar-based trading, allows you to buy and sell fractional shares or dollar amounts of certain securities. For terms and conditions related to fractional shares or dollar-based trading, select Fractional Trading Agreement at the bottom of the order entry ticket.

• Enter buy or sell orders for an account, as market or limit price types, good for the day of the trade.

• Enter fractional share quantities out to 3 decimal places such as 2.525, with a minimum order value of $1.00.

• Enter dollar-based quantities out to 2 decimal places such as $250.00, with a minimum order value of $1.00. Your dollar-based order will be converted into shares out to 3 decimal places and rounded down to the nearest decimal. As rounding occurs, the value of shares you receive might be higher or lower than the dollar amount you requested.

• Generally, all National Market System (NMS) exchange-listed stocks are eligible, with possible exceptions.

• Auto-liquidation in an account is turned off the first time a fractional order is submitted. This enables the account to hold a fractional position of less than one share.

• Once auto-liquidation is turned off, fractional shares must be handled like any other fractional position acquired using fractional trading. This means that you must affirmatively sell the fractional shares in order to sell the entire position.

• All orders with a fractional share component are marked "Not Held," which gives Fidelity the time and price discretion to execute the order without being held to the security's current quote.

• Fractional orders can be canceled but cannot be canceled/replaced. To modify an order once it has been submitted, you must attempt to cancel the order, and then submit a new one. (Cancel Orders)

Algorithmic Strategies

If entitled, use algorithmic strategies to create algorithmic orders. These strategies are quantitative models created from analyzing historic trade patterns of a given security. Based on specific benchmarks or uniquely designed models, the algorithm strategies determine time intervals to trade a security to obtain its best price.

Algorithms can help to minimize the potential market impact of trading a large position and to meet specific trading parameters. You may benefit from proven methodologies designed to help you obtain your chosen benchmark when you take advantage of the FCM Algorithmic Strategies.

- Enter algorithmic orders only on business days.
- Do not enter algorithmic orders outside of 7:00 AM-4:00 PM ET.
- You can cancel algorithmic orders; you cannot cancel / replace them.
- Algorithmic orders are not eligible for fractional trading.

Benefits

With FCM acting as the agency broker, consider creating algorithmic orders for the following reasons:

• Stop a trade while in progress if market conditions or your objectives change.
• Meet an intended outcome.
• Implement proven methodologies designed to help you to obtain your chosen benchmark.
• Access to sophisticated order placement and liquidity.

Supported Types/Strategies

The following strategies use different algorithms to either build or liquidate a position. When selected, most algorithms display additional fields (start time, end time, etc.) that describe execution details for the order. (Field Definitions)

Acronym	Description
VWAP	Volume Weighted Average Price Attempts to minimize the deviation from its VWAP benchmark for the selected interval by slicing the order into smaller tranches according to predicted, symbol-specific volume patterns. CONSIDER USING For orders that you want to benchmark against VWAP and that you are trading over the day or a specified interval.
TWAP	Time Weighted Average Price Evenly slices the order to trade over the trading period. CONSIDER USING To trade over time in illiquid stocks for which volume prediction is difficult.
TVOL (POV)	Percent of Volume Participates at a rate specified by the trader. CONSIDER USING To trade in line with volume when you are unsure of the stock's short-term direction.
SNAP (IS)	Implementation Shortfall Balances market impact against the opportunity cost of extending the order. CONSIDER USING To optimize your execution trajectory versus arrival price and minimize the deviation from the IS benchmark.
MOC (Close)	Market on Close Attempts to approximate the closing price while not adversely impacting the auction by ramping your order into the close, using the same volume-prediction model as the VWAP algorithm. CONSIDER USING For benchmarking to the close. You can also use this algorithm to supplement traditional MOC orders when the large size may adversely impact the MOC print.
DARK (Dark Liquidity Aggregator)	DarkSweep® Aggregates nonquoted liquidity into a single point of entry for maximum liquidity reach and minimal market impact. Relies on hidden liquidity and imposes logic to maximize price improvement. CONSIDER USING To capture dark and hidden liquidity while limiting market impact. Note Available at a premium upon request. For more information, contact your Relationship Manager.

Enter Equity Orders

1. Select Trade > Order Entry > Equities.

   - If prompted, search for an account. (Search for Accounts)

2. Select the Action:

   B-Buy
   S-Sell
   SH-Sell Short
   SE-Sell Short (Locate Exempt)
   SDS-Sell (Deliver by S/D)
   BC-Buy to Cover

3. Enter the Quantity of the order:

   - Share quantity must be a whole number, greater than zero.

   Fractional Share Trading

   - Enter fractional share quantities out to 3 decimal places such as 2.525.
   - Enter dollar-based quantities out to 2 decimal places such as 250.00.
   - Choose the Quantity Type: Shares or Dollars.

4. Enter the Symbol/CUSIP and press Tab. (Symbol Lookup)

   - Links to access quote and security details now display.

   Fractional Share Trading

   - Estimated dollar cost or share amount of the order now displays.

5. Choose the Price Type, which determines the execution price:

   M-Market
   L-Limit
   S-Stop Loss
   SL-Stop Limit

   TSD-Trailing Stop Loss $
   TSP-Trailing Stop Loss %
   TLD-Trailing Stop Limit $
   TLP-Trailing Stop Limit %

   If Price Type is Limit or Stop Limit, enter a Limit Price. If Price Type is Stop Loss or Stop Limit, enter a Stop Price. If Price Type is for a Trailing Stop, enter the Trail Amount and then indicate what that amount is Based On: Last (default), Bid, or Ask.

6. Select the Time in Force.

   - If Good til Canceled, you may enter an Expiration Date.
   - The default expiration date for equities is 180 days.

7. Choose the Account Type.

8. Enter remaining order information. (Field Definitions)

9. If Action is Sell or Buy to Cover, to choose an alternative cost basis disposal method other than the method already selected for the account, choose a Transaction Disposal Method. (Cost Basis Disposal Method)

   - If you select Specify Shares, skip now to: Specify Shares to Sell.

10. Choose one of the following.

    The system validates whether errors exist that may block the order. If an error is encountered, incorrect fields are highlighted. Enter corrections before attempting to proceed with the order.

    Save
    Saves the order to the Orders Unsent window to be sent later.

    Verify
    Displays order details on a Verification window for you to review before proceeding with the order. To make changes, select Edit. To send the order to the market, select Send Now.

    Send Now
    If entitled; bypasses the Verification window and sends the order to the market.

    Go to:
    Search for Sent Orders
    Search for Unsent Orders

Specify Shares to Sell

Continue with the steps below after selecting Specify Shares as the Transaction Disposal Method for the order.

The cost basis disposal method you designate on the order ticket is used just for this specific order and does not replace the account's established cost basis disposal method. Use this capability on a closing transaction to deplete specific tax lots held by the account.

Override of the account-level disposal method for an order does not apply to:

- Opening transactions.
- Retirement accounts.
- Orders in account type 0 (DVP/RVP).
- Positions with an Average Cost (ACSC) method.
- Lots purchased intra-day.
- Dollar orders. (For fractional share orders, select Shares to specify lots.)

Shares identified in a specific share order will be reported on the customer confirm if the order fills. Shares left unspecified are depleted using the account-level cost basis disposal method. Note, too, for a specific share order, you cannot save the order to send later; you must send the order now.

- Prefill Open Shares
- Enter Shares Manually

Top

Prefill Open Shares

This window displays only if the account's position is in good order (IGO) and cost basis is fully or partially known. If partially known, only known basis lots display.

To prefill open shares

1. On the order ticket, select Continue & Specify Shares.

2. From the Prefill Selections drop-down lists, indicate how to prefill open shares to sell. Select one or both choices:

   - From Prefill by Selections By Holding Period, select an option:

   No Preference (Default)
   Prefill lots by First In, First Out (FIFO) method.
   Short-Term
   Prefill lots held one year or less first.
   Long-Term
   Prefill lots held greater than one year first.

   - From Then By Cost, select an option:

   No Preference (Default)
   Highest Cost
   Prefill lots with the highest cost per share first.
   Lowest Cost
   Prefill lots with the lowest cost per share first.
   Minimizing Gain/Loss
   Attempt to identify high cost and low cost per share. There is no guarantee that gains or losses will be offset, in whole or in part. Results can vary.

3. Select Prefill.

   - The Shares Specified column indicates how lots will be sold.
   - Enter changes to Shares Specified, if needed.
   - Running totals reflect shares specified vs. total shares in order.
   - Shares remaining are depleted using account-level disposal method.

4. Select Verify.

   If no errors were encountered, the Verification window displays, which allows you to review order details prior to sending the order. When ready, select Send Now to send the order to the market.

   Go to: Search for Sent Orders

Top

Enter Shares Manually

Fidelity provides cost basis and associated realized gain/loss information as a courtesy service. Such information may not reflect all adjustments necessary for tax reporting purposes.

To manually specify the shares

1. At the bottom of the window, select Specify Shares.

2. In the first available Shares Specified field, enter the number of shares to deplete from the lot.

3. In the Date Acquired field, enter the date the shares were added to the Fidelity account.

4. In the Cost Basis/Shares field, enter the price per share at which the shares were purchased.

   If shares were purchased over multiple dates or at different prices, you may split the lot into multiple lots. For example, if the quantity with unknown cost basis is 200 shares, which represents 2 separate purchases of 100 shares each, enter cost basis for the first 100 shares, then enter cost basis for the remaining 100 shares in the next row.

   - Continue specifying all the shares in the order.
   - To add another row of shares to specify, select Add Row.
   - To clear entries and start again, select Clear.
   - Shares Specified plus Shares Remaining must equal Total Shares.

   Note
   If known lots do not prefill the table, you may enter the known lots manually or submit a Service Request to identify the shares. (Initiate a Service Request)

5. Select Verify.

   If no errors were encountered, the Verification window displays, which allows you to review order details prior to sending the order. When ready, select Send Now to send the order to the market.

   Go to: Search for Sent Orders

Field Definitions

- Equities Order Entry
- Algorithm Order Entry
- Specify Shares

Top

Equities Order Entry

Field	Definition
Account Type	The account type involved in the order: DVP/RVP (0) Cash (1) Margin (2) Short (3) If a fractional order, Account Type is Cash or Margin. If Action is SH-Sell Short or BC-Buy to Cover, Account Type is Short.
Action	The order action: B-Buy S-Sell SH-Sell Short Use for the sale of a security not owned by the seller. The shares are loaned from a broker, or another margin account and the proceeds of the sale secure the loan. Short selling allows investors to take advantage of an anticipated decline in the price of a stock. If the seller buys the stock back at a lower price than the original price, the seller makes a profit. If the seller buys the stock back at a higher price, the seller incurs a loss. A Margin Agreement must be on file with Fidelity to place a sell short order. BC-Buy to Cover Use to close out all or part of a short position created with a SH-Sell Short order action. Buy to cover orders always occur in the short account (type 3).
Based On	For a Trailing Stop order, this is the price that the trigger value for the order is based on. The calculated trigger price cannot be more than 30% away from last, bid, or ask trade. Last (Default) Bid Ask
Client Confirm Note	Indicates the power of discretion for this order, which displays on the trade confirm: Advisor Directed Client Requested Cross Trade
Expiration Date	If Time in Force is Good til Canceled, this is the expiration date if other than the system default of 180 days. If you specify an expiration date other than the system default, and the 180th day is not a business day, expiration occurs on the next business day. On the expiration date, orders expire at 4:00 PM ET and their status changes to Pending Cancel. On the day after expiration, the order status changes to Verified Cancel.
Limit Price	If Price Type is Limit or Stop Limit, this is the limit price for the order. Note A limit price can be no more than 30% away from the last trade.
Price Type	The execution price for the order. If a fractional order, Price Type is Market or Limit. If Time in Force is On the Open or On the Close, Price Type is Market. M-Market When buying or selling a security, a market order executes at the best price in the current market at the time of your order. L-Limit An order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower; a sell limit order can only be executed at the limit price or higher. S-Stop Loss Stop loss orders become market orders once the security trades at the specified stop price. Buy stop loss orders are placed above the current market price; sell stop loss orders are placed below the current market price. SL-Stop Limit Stop limit orders become limit orders once the security trades at the specified stop price. Buy stop limit orders are placed above the current market price; sell stop limit orders are placed below the current market price. TSD/TSP-Trailing Stop Loss A trailing stop loss order to buy automatically reduces the stop price by the trailing value (dollar or percentage) when trading moves in your favor. The order triggers a market order when the last trade executed is either at or above the established stop price. A trailing stop loss order to sell automatically increases the stop price by the trailing value (dollar or percentage) when trading moves in your favor. The order triggers a market order when the last trade executed is either above or below the established stop price. TLD/TLP-Trailing Stop Limit A trailing stop limit order to buy automatically reduces the stop price by the trailing value (dollar or percentage) when trading moves in your favor. The order triggers a limit order when the stock trades at or above the established stop price. A trailing stop limit order to sell automatically increases the stop price by the trailing value (dollar or percentage) when trading moves in your favor. The order triggers a limit order when the stock trades at or below the established stop price.
Quantity	The quantity of the order, which may be in shares or dollars.
Quantity Type	The type of quantity entered: Shares Dollars (For B-Buy and S-Sell orders only)
Route	The destination to route your order for execution. The default choice is Auto (Fidelity determines the route).
Special Condition	The condition to add to the order. These conditions are not common, are not required, and may decrease the chances of the order being filled. If a fractional order, Special Condition is Not Held. Special Condition does not apply to Stop Loss or Trailing Stop Loss orders. All or None (AON) Specifies to either fill the entire order or do not fill any of it. Making an all-or-none designation restricts the order. The stock can trade at or below your price on a buy, or at or above on a sell, without the right to execution, unless the entire amount of the order is executable. Do Not Reduce (R) Specifies that the order's limit or stop price not be reduced when the company pays a dividend. DNR instructions can only be selected for Good til Canceled (GTC) orders. All or None/Do Not Reduce (AR) Combines both above conditions, meaning both must be true to place the order. Not Held (H) Provides both time and price discretion for Market and Limit orders to attempt to get the best possible price.
Stop Price	If Price Type is Stop Loss or Stop Limit, this is the specified price at which the order becomes a market order (Stop Loss) or a limit order (Stop Limit). Note The stop price on a buy order cannot be less than the current market price.
Symbol/CUSIP	The symbol or CUSIP of the security in the order.
Time In Force	How long the order remains valid. Available choices are based on Action and Price Type: Day The order can be filled at any point during that day. Good til Canceled (GTC) A specified price remains in effect until the order is executed or canceled. GTC orders expire 180 calendar days from the date they are placed. Expirations occur before the market opens on the designated expiration date. When the expiration date falls on a holiday or a weekend, the last day to extend the date is the business day before the expiration date. Fill or Kill (FOK) The order can be filled in its entirety or canceled immediately. The order cannot be partially executed. A customer enters an FOK order at the current bid or ask when the bid or ask size shows fewer available shares than the customer wants to trade, and the customer will not accept less than the desired number of shares. Immediate or Cancel (IOC) Any part of the order can be filled immediately, and any remaining portion can be canceled. A customer enters an IOC order at the current bid or ask when the bid or ask size shows fewer available shares than the customer wants to trade, but the customer is willing to accept as many shares as are currently available. On the Open The order can be filled at the opening price or as close to it as possible. This choice is often used for an aggregation of small orders into one large order, which is executed and then distributed following execution. These processes are handled at the exchange level. On the Close The order can be filled at the closing price or as close to it as possible. This choice is often used for an aggregation of small orders into one large order, which is executed and then distributed following execution. These processes are handled at the exchange level. Note If Action is SH-Sell Short, Time in Force is Day.
Trading Session	Designates whether the order is a Standard equity order (Default) or an Extended Hours order. (Enter Extended Hours Orders)
Trail Amount	For a Trailing Stop order, this is the amount by which the trailing stop order trails the current market. This amount may be either a percentage or a dollar amount, based on the Price Type selection, and is applied to the current price of the security to calculate the trigger price for the order. - Amount cannot exceed 4 decimal places.
Transaction Disposal Method	If Action is S-Sell or BC-Buy to Cover, this is the alternative cost basis disposal method for the order, which does not replace the account's established cost basis disposal method when a method is not specified at order entry. You may also choose to specify shares for this order. (Specify Shares to Sell)

Top

Algorithm Order Entry

Refer to these definitions when completing an algorithmic order. Fields are organized below in the order of appearance on the Equities order ticket. (Algorithmic Strategies)

Field	Definition
Action	The order action: B-Buy S-Sell SH-Sell Short Use for the sale of a security not owned by the seller. The shares are loaned from a broker, or another margin account and the proceeds of the sale secure the loan. Short selling allows investors to take advantage of an anticipated decline in the price of a stock. If the seller buys the stock back at a lower price than the original price, the seller makes a profit. If the seller buys the stock back at a higher price, the seller incurs a loss. A Margin Agreement must be on file with Fidelity to place a sell short order. BC-Buy to Cover Use to close out all or part of a short position created with a SH-Sell Short order action. Buy to cover orders always occur in the short account (type 3).
Quantity	The share quantity of the order, which must be a whole number. Note Algorithmic orders are not eligible for fractional share trading.
Symbol/CUSIP	The symbol or CUSIP of the security in the order.
Price Type	The execution price for the order: M-Market When buying or selling a security, a market order executes at the best price in the current market at the time of your order. L-Limit A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.
Limit Price	If Price Type is Limit, this is the limit price for the order.
Time In Force	How long the order remains valid: Day Specifies that the order can be filled at any point during that day.
Account Type	The account type of the order. If Action is either Buy to Cover or Sell Short, Account Type is Short. DVP/RVP (0) Cash (1) Margin (2) Short (3)
Special Condition	The order instructions. If a fractional order, Special Condition is Not Held. All or None (AON) Specifies to either fill the entire order or do not fill any of it. Making an all-or-none designation restricts the order. The stock can trade at or below your price on a buy, or at or above on a sell, without the right to execution, unless the entire amount of the order is executable. Not Held (H) Provides both time and price discretion for Market and Limit orders to attempt to get the best possible price.
Algorithm	The algorithmic strategy. The availability of options is based on your entitlements: VWAP - Volume Weighted Average Price TWAP - Time Weighted Average Price TVOL (POV) - Percent of Volume SNAP (IS) - Implementation Shortfall MOC (Close) - Market On Close DARK (Dark Liquidity) - Darksweep (If entitled)
Start Time	The time during the current day that you want the order to start. Edit only the HH:MM portion of this time stamp, if needed. Enter algorithmic orders only on business day. Enter algorithmic orders between the hours of 7:00 AM-4:00 PM ET. Note If Algorithm is DARK-Darksweep, Start Time does not apply.
End Time	The time you want the order to stop being worked. The time must be between market hours. Edit only the HH:MM portion of the time stamp, if needed. Note If Algorithm is DARK-Darksweep, End Time does not apply.
Participation Rate	If Algorithm is TVOL (POV) - Percent of Volume, this is a percentage between 1-50 that represents the target volume participation rate. For example, if the participation rate is 10%, the customer wants 10% of overall trading volume.
Client Confirm Note	The power of discretion for the order, which displays on the trade confirm: Advisor Directed Client Requested Cross Trade

Top

Specify Shares

Field	Definition
Shares Specified	The number of shares from each tax lot to appoint for the specific share trade.
Shares Available	A list of all tax lots for the position. Each tax lot displays an available quantity.
Date Acquired	The date the shares were added to the Fidelity account, in MM/DD/YYYY format. If shares were acquired through this Fidelity account, Date Acquired is the trade date. If shares were acquired in an online trading account at another brokerage firm and transferred to the Fidelity account, Date Acquired is the date Fidelity received the shares.
Lot Basis	The total cost basis of shares in the position: Shares Available x Cost Basis/Proceeds per Share
Cost Basis/Share	The calculated cost of one share of the security. Cost basis is generally the original amount paid for shares of a security, including the amount of reinvested dividends and capital gains, plus or minus certain adjustments such as fees and commissions paid at the time of purchase. If the position is held short, this amount represents the proceeds per share.
Unrealized Gain/Loss	The hypothetical value of the gain or loss that would be realized if shares were sold at the indicated price.
Holding Period	How long the shares were held since their acquisition date: Short Shares were held one year or less. Long Shares were held longer than one year. Fractured Shares were held for a combination of holding periods. For positions tracked at lot level, fractured lots are always the result of wash sales. Unknown Fidelity has no record of the holding period. For stock option grants, this refers to the amount of time stock options must be held before they can be exercised. The holding period requirements for stock options are described in the vesting schedule for your stock option grant.
Cost Basis Source	The origin of the cost basis information: Fidelity If shares were purchased at Fidelity, the source of the cost basis is Fidelity. Customer If the customer or authorized agent provided the cost basis to Fidelity, the source is Customer.

Fidelity provides certain cost basis and holding period information to you and to the IRS on your annual Form 1099-B and provides other cost basis and associated realized and unrealized gain/loss information to you as a courtesy. Such information may not reflect all adjustments necessary for tax purposes. Taxpayers should verify cost basis, associated gain/loss information provided by Fidelity against their own records when calculating reportable gain or loss resulting from a sale. Although Fidelity reports certain cost basis information to the IRS, Fidelity is not responsible for your use of this information in meeting your federal, state, and other tax obligations. Fidelity makes no warranties with respect to, and specifically disclaims any liability arising out of your use of, or any tax position taken in reliance upon, Fidelity-provided cost basis and gain/loss information.

Fidelity determines the appropriate cost basis method for calculating gain and loss based on positions held at the time of sale. Unless otherwise indicated, Fidelity determines cost basis using the average cost method for open-end mutual funds. For securities other than open-end mutual funds, Fidelity determines cost basis using the first-in, first-out (FIFO) method if Fidelity does not receive appropriate specific share instructions. Fidelity determines cost basis using the specific share identification (SS) method if Fidelity receives appropriate specific share instructions; however, such cost basis information may not correspond to a customer's cost basis information records if a customer used the specific share identification method prior to the time that such method tracking was made available by Fidelity.

Customers should consult with their tax advisors for further information.

665234.9.0