4.4.1.3.1. Order Tickets
In order to execute an order for a customer, a representative must first fill out an order ticket. Each ticket must describe the terms and conditions of the transaction, including:
• The name and description of the security
• The name of the customer and account number
• The type of order (market, limit, stop-loss order)
• Duration of order (day order, Good Till Canceled, Good Though Week)
• Time and date order was placed
• Time and date order was executed or canceled per customer’s request
• Order size (number of shares) and execution price
• Whether it is a buy or sell order; if sell, whether it is long or short
• Location of security if it was a long sale
• Whether it was an agency or principal transaction (noted soon)
• If it was subject to discretionary authority
• Name of associated person who is responsible f