Sterling
Financial Systems, Inc.
225 West Washington Street, Suite 400
Chicago, Illinois 60606
(312) 346-9600
GTC Order
Reconciliation Policy
June 25, 2008
For Immediate
Distribution - To All Sterling Clients:
Please be advised that in order to reflect the current status of all
GTC orders in the system Sterling requires brokers to
submit a daily GTC Limit Order Reconciliation Report
for all GTC orders entered into the Sterling network.
Brokers or their clearing firm must submit the list
of open GTC orders to Sterling every day for reconciliation.
Sterling cannot and will not guarantee completeness
or accuracy of the GTC orders and will not assume any
liability related to the GTC orders unless we receive
a reconciliation report.
Please note that Sterling system has controls to remove
the ability to send GTC orders for individual traders/accounts
at your request. Brokers may also choose to adjust GTC
orders themselves using Sterling Trader Manager platform.
This policy statement has been sent via email on the
day of its release to all Sterling clients for their
records. All questions regarding this matter should
be directed to Sterling Help Desk at (312) 346-9600
ext. 290.
Management of Sterling Financial Systems, Inc.
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