NQBX (Exchange)

NQBX (NASDAQ OMX BX) allows the trading of listed NYSE, AMEX, NYSE Arca, Nasdaq, and IEX stocks in quantities from 1 to 30,000. 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).

• Orders can be placed from 7:00 A.M. to 7:00 P.M. Eastern Time. Only limit orders are accepted.
• NQBX accepts decimal increments precise to two digits (that is, prices as fine as .01) for all Listed Stocks.

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

Order Durations

Day

May be entered between 7:00 A.M. and 4:00 P.M. Eastern for NASDAQ Listed Stocks.

Unfilled orders and leaves expire at 4:00 P.M. Eastern.

Day+

May be entered between 7:00 A.M. and 7:00 P.M. Eastern.

Unfilled orders and leaves expire at 7:00 P.M. Eastern.

IOC (Immediate Or Cancel)

May be entered between 7:00 A.M. and 7:00 P.M. Eastern.

Partial fills will be accepted.

Unfilled orders and leaves expire immediately.

FOK (Fill Or Kill)

May be entered between 8:00 A.M. and 7:00 P.M. Eastern.

Partial fills will not be accepted.

Unfilled orders and leaves expire immediately.

Minute Orders

May be entered between 7:00 A.M. and 7:00 P.M. Eastern.

Unfilled orders and leaves expire after the specified number of minutes has elapsed.

GTC (Good Til 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 canceled.

Orders have a maximum life span of 90 calendar days.

Orders are canceled 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 canceled.

GTD (Good Til 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 canceled.

Orders have a maximum life span of 90 calendar days.

Orders are canceled 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 canceled.

GTC+ (Good Til 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 canceled.

Orders have a maximum life span of 90 calendar days.

Orders are canceled 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 canceled.

GTD+ (Good Til 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 canceled.

Orders have a maximum life span of 90 calendar days.

Orders are canceled 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 canceled.

Advanced Settings

Advanced settings for order placement on NQBX are:

• Show Only
• Non-Display
• Discretionary
• Peg
• Trailing Stops
• Activation Rule
• If Touched
• Book Only
• Add Liquidity

Both types of Advanced orders are available between 8:00 A.M. and 7:00 P.M. Eastern.

Order Behaviors

• Market orders are matched within NQBX if NQBX is currently the best bid/ask of the market (that is, "at the inside").
• Marketable limit orders are matched with NQBX if NQBX is currently the best bid/ask of the market (that is, "at the inside"). Non-marketable limit orders are held by NQBX and are not required to be displayed. The best bid and offer displayed by NQBX in the Market Depth window will be attributed NQBX market participant ID.
• Stop Market Orders are initially routed to our stop server until triggered. Once triggered, an order routed to NQBX will behave as a Market order.
• Stop Limit Orders are initially routed to our stop server until triggered. Once triggered, an order routed to NQBX will behave as a Limit order.
• An Immediate or Cancel (IOC) order is matched within the NQBX book only if NQBX is at the inside. Non-marketable orders are immediately rejected, partial fills will be accepted.
• A Fill or Kill (FOK) order is matched within the NQBX book only if NQBX is at the inside. Non-marketable orders are immediately rejected; partial fills will not be accepted.
• Short sales placed on a down bid are offered at .01 above the bid. On an up bid, normal trading would occur.
• Unfilled orders and leaves set for Minute durations (such as 1,3,5 minute) expire immediately after the designated number of minutes.