Trading FAQ
How Does INET Handle Listed Short Sales?
A short sale can only be executed if it complies with the following:
- For a Down Tick: If the last reported trade price was a minus tick or a zero-minus tick, then your short sale must be executed at a price greater than the last reported trade price.
- For an Up Tick: If the last reported trade price was a plus tick or a zero-plus tick, then your short sale must be executed at a price equal to or greater than the last reported trade price.
If your order violates these conditions, INET will up-price your order so that if it were executed it will not violate the rule and change the timeout of the order to an Immediate or Cancel (IOC).
INET currently does not trade Over the Counter Bulletin Board (OTCBB) stocks.
Does INET accept GTC orders?
INET currently does not accept Good Till Cancel (GTC) orders.
INET offers a 13-hour trading day, from 7am-8pm (ET).
All subscribers may start trading at 7am (ET.) Firms that clear via Nasdaq?s ACT system will be able to trade until 6:30pm. Firms that clear via a QSR agreement may trade until 8pm (ET).
It is possible for trades to be executed away from the current National Best Bid/Offer (NBBO).
This can happen for a number of reasons including: (1) the firm entering the order made an error; (2) if INET has the best price in a security, a market maker or order entry firm may choose to execute a trade at an inferior price, resulting in the stock trading-through your limit price.
Read INET's Fee Schedule to learn more.