Trading Procedure Highlights
Stocks, Options, Bonds
U.S. Brokerage, Inc.'s on-line trading system will accept all LISTED, NASDAQ and OTC equity trades, and most option trades. Please note the circumstances listed below that clients should become familiar with before placing trades via the internet.
Funds Available
Cash or buying power must be available in your brokerage account before any purchase or short sale orders will be accepted by U.S. Brokerage, Inc. Orders that are tendered to U.S. Brokerage, Inc. without sufficient cash or buying power are subject to rejection.
Shorting Stock
To facilitate a short sale of an investment position U.S. Brokerage, Inc. requires the client to call our office (800-25-STOCK) to obtain short sale authorization BEFORE THE TRADE IS PLACED. When calling please indicate:
- the name of the security
- the number of shares
- your account number
Short sale trades placed via the internet without prior approval are subject to rejection (shares not available to borrow) or delay in forwarding the trade request to the appropriate market maker. Clients need adequate buying power and a margin account for short sale transactions.
Option Trading
Most option trades can be placed via the internet in client accounts that have been approved for options trading. NAKED OPTION TRADES will only be accepted via phone trading. Naked option trades placed via the internet will not be accepted.
Sell and Buy Stop Orders
U.S. Brokerage, Inc. will accept both sell and buy stop orders for all LISTED stocks. Sell and buy stop orders for NASDAQ and OTC stocks are subject to market making activities.