What does it mean to use confirmation based trading?
What does it mean to use confirmation based trading?
Confirmation based trading is the act of waiting for a level to break in the direction of your desired directional move higher or lower in order to enter a trade.
When does the Master confirmation agreement for non-deliverable forward FX?
MASTER CONFIRMATION AGREEMENT FOR NON-DELIVERABLE FORWARD FX TRANSACTIONS dated as of February l l, 2008 (the “Effective Date”) between UBS AG (“Party A”) and WCM Pool LLC (“Party B”)
Where do brokerage clients receive their trade confirmations?
Brokerage clients receive trade confirmations printed at the distributive print site closest to their mailing address. Trade confirm records for trades executed on behalf of a client are electronically transmitted to the distributive print center closest to that client’s residence.
What do you need to know about trade confirm delivery?
Other regulations require the firm to disclose whether the trade was a short sale, solicited or unsolicited, and if the transaction price quoted the customer was an average price. Trade Confirm Delivery There are several options available to the brokerage firm for delivering trade confirmations to the brokerage client. The options include:
What’s the difference between trade affirmation and trade confirmation?
When there are two parties and securities are being exchanged, they first agree to all the conditions/agreements and that of agreeing is called trade affirmation, it states that now time should be invested in officially confirming the trade by both the Counterparties.
How does a confirmation based trading plan work?
A confirmation based trader would wait for a key level to break in order to allow that first break to clear the opposition to the trade and then trade in the direction of the break. Are there false breaks?
Brokerage clients receive trade confirmations printed at the distributive print site closest to their mailing address. Trade confirm records for trades executed on behalf of a client are electronically transmitted to the distributive print center closest to that client’s residence.
What is the SEC Rule for trade confirmations?
Trade Confirmations. Pursuant to SEC Rule 10b-10 brokerage firms are required to provide a written communication to the brokerage client for each brokerage transaction executed on behalf of that client in the client s brokerage account.