ARCX (Exchange)

The Archipelago Electronic Communications Network (ARCX) allows the trading of listed NYSE, AMEX, NYSE Arca, and Nasdaq stocks in quantities from 1 to 1,000,000. Even, odd and mixed lot orders are supported (even lots are multiples of 100, mixed lots are not, odd lots are orders less than 100 shares).

In the event of a connection outage between the TradeStation Order Execution Network and ARCX, all open orders will remain working in the market as usual.

Order Durations

Day

May be entered between 8:00 A.M. and 4:00 P.M. Eastern.

Orders places before 9:30 A.M. will become active at 9:30 A.M. Eastern.

Unfilled orders and leaves expire at 4:02 P.M. Eastern.

 

Day+

May be entered between 8:00 A.M. and 8:00 P.M. Eastern.

Unfilled orders and leaves expire at 8:00 P.M. Eastern.

 

IOC (Immediate or Cancel)

May be entered between 8:00 A.M. and 8:00 P.M. Eastern.

Unfilled orders and leaves expire immediately.

 

Minute Orders (1, 3, 5 Minute)

May be entered between 8:00 A.M. and 8:00 P.M. Eastern.

Unfilled orders and leaves expire after the designated number of minutes (for example, a 3 Minute order expires after three minutes). ARCX may take up to two additional minutes to give an out on the remaining shares.

 

OPG (At the Opening)

Order TIF targeting an exchange’s Opening cross or Opening auction.   

May be entered between 8:00 am and 9:29 am ET. OPG TIFs are rejected after 9:29am ET.

Unfilled orders are cancelled after the opening session.

 

CLO (On Close)

Order TIF targeting an exchange’s Closing cross or Closing Auction.   

May be entered between 9:30 am and 3:59 pm ET. Rejected after 3:59 pm ET by the exchange. NYSE Arca Primaries and all non-primary ETFs Only. Closing Auction not valid for Nasdaq Securities.

Unfilled orders are cancelled after the closing session.

 

GTC (Good Till Canceled)

May be entered at any time.

Unfilled orders and leaves remain alive, if applicable, across multiple days, for the DAY session only until the order is filled or cancelled.

Orders have a maximum life span of 90 calendar days.

Orders are cancelled if there is a corporate action or reorg. on the symbol traded.

Orders that are partially filled during, and remain that way until the end of, a DAY trading session, will have any remaining leaves automatically cancelled.

 

GTD (Good Till Date)

May be entered at any time.

Unfilled orders and leaves remain alive, if applicable, across multiple days, for the DAY session only until the order is filled or cancelled.

Orders have a maximum life span of 90 calendar days.

Orders are cancelled if there is a corporate action or reorg. on the symbol traded.

Orders that are partially filled during, and remain that way until the end of, a DAY trading session, will have any remaining leaves automatically cancelled.

 

GTC+ (Good Till Canceled Plus)

May be entered at any time.

Unfilled orders and leaves remain alive, if applicable, across multiple days, for the DAY+ session until the order is filled or cancelled.

Orders have a maximum life span of 90 calendar days.

Orders are cancelled if there is a corporate action or reorg. on the symbol traded.

Orders that are partially filled during, and remain that way until the end of, a DAY+ trading session, will have any remaining leaves automatically cancelled.

 

GTD+ (Good Till Date Plus)

May be entered at any time.

Unfilled orders and leaves remain alive, if applicable, across multiple days, for the DAY+ session until the order is filled or cancelled.

Orders have a maximum life span of 90 calendar days.

Orders are cancelled if there is a corporate action or reorg. on the symbol traded.

Orders that are partially filled during, and remain that way until the end of, a DAY+ trading session, will have any remaining leaves automatically cancelled.

Advanced Settings

ARCX will accept orders using the following Advanced settings:

Both types of order placement are available between 8:00 A.M. and 8:00 P.M. Eastern.

Order Behaviors