Futures Trading

Ira Epstein & Company
Accounts Section

 

Trade Talk

When you orally place an order for a trade, it is necessary that you use the language of the market. You must state a specific type of order.

Your order can be a Day Order or an Open Order (GTC). A Day Order must be filled by the end of the day's trading or it automatically expires. An Open Order (GTC) remains in effect until it is filled or cancelled by you. GTC stands for Good Til Cancelled.

All orders are assumed to be Day Orders unless they are specified as open orders.

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Table of Contents

  1. Responsibilites
  2. Obtaining and Using Your Account Number
  3. Order Placement
  4. The Exchanges
  5. Margin Calls
  6. Margin Requirements
  7. Bank Wiring Instructions
  8. Trade Talk
  9. Types of Market Orders
  10. Price Orders
  11. Combination Orders
  12. T-Bill Policy
  13. Account Maintenance Fee Policy
  14. Service Charges

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If you have any questions either contact your IECo representitive or call: 1-800-284-1007

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