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Creating a New Foreign Exchange Trade Request
Overview
Before a user can create a new trading request, they must create a new trading account and get it approved by a Compliance Officer. A trading request is a request to trade with a financial institution.
Related Information/Setup
Please see the Creating a New Trading Account article for more information on creating a new trading account.
Navigation
- From the Home screen, click the Home dropdown menu.
Home Menu
- Click the Employee Portal link.
Employee Portal Link
- From the Personal Trading screen, click the + New Trading Request button.
+ New Trading Request Button
Creating a New Foreign Exchange Trade Request
- From the New Trade Request screen, select Foreign Exchange from the Security Type dropdown menu.
- Foreign Exchange: Foreign exchange or FX trading is the buying and selling foreign currencies.
Security Type Dropdown Menu
- Click the Next button.
Next Button
- From the Personal Trade screen, click the Add Existing Brokerage Account link.
Add Existing Brokerage Account Link
- From the Add Existing Brokerage Account pop-up, click on the + Add link next to a brokerage account to add it to the Brokerage Account field on the Personal Trade screen.
+ Add link
- (Optional) Enter a keyword in the Search field if you cannot find the brokerage firm you are looking for on the most recently created list.
- From the Personal Trade screen, fill out the following information under the Foreign Exchange Transaction Details section.
- Select a Currency Pair from the Currency Pair dropdown menu. A currency pair means that the user is buying in the pair's first currency and selling in the second currency of the pair (e.g. EUR/USD).
Currency Pair Dropdown Menu
- Select a Trade Action by clicking an Action radio button.
- Buy: The buy option indicates the employee intends to buy the security.
- Sell: The sell option indicates the employee intends to sell the security.
Action Radio Buttons
- Select if the user is trading on the margin by selecting a radio button on the Trading on Margin field. Trading on Margin involves placing a good faith deposit to open and maintain a position with a currency.
Trading on Margin Radio Button
- Enter the Quantity of the security the user is trading in the Quantity field.
Quantity
- Select a Currency Code from the Currency dropdown menu. The currency code represents the currency the user is trading in.
Currency Dropdown Menu
- Enter the exchange marketplace or platform name where the user trades in the Exchange field (e.g. Forex).
Exchange Field
- Enter the Estimated Transaction Total in the Estimated total value of transaction field.
Estimated Total Value of Transaction Field
- Select a Settlement Date from the Calendar pop-up by clicking a Date on the Settlement Date field. The Settlement Date is the date the currencies are traded.
Settlement Date Field
- Select an option to the question Do you have material non-public information about this trade? If the user selects Yes, they will have to include further details.
- Select an option to the question Could the proposed trade represent or create a conflict of interest? If the user selects Yes, they will have to include further details.
Question Fields
- Enter a keyword in the Employee field and select your name from the dropdown menu. Entering your name indicates you acknowledge all policies and laws pertaining to this action.
Employee Field
- Click the Submit button to send the request to a Compliance Officer.
Submit Button
- The Compliance Officer will receive an email notification indicating a request requires action.
Email Notification
- Click the Cancel button to cancel the request and return to the previous screen. Compliance Officers will not see a cancelled request.