Sterling
Financial Systems Inc.
225 West Washington Street, Suite 400
Chicago, Illinois 60606
(312) 346-9600
Sterling
GTC Order Reconciliation Requirement
June
25, 2008
For
Immediate Distribution - To All Sterling Clients:
Sterling requires brokers to submit
a daily GTC Limit Order Reconciliation Report for all
GTC orders on the Sterling network. Brokers or their
clearing firm must submit the list of open GTC orders
to Sterling daily 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.
Be advised that Sterling system has
controls to remove the ability to send GTC order for
individual traders/accounts at your request. Brokers
may also choose to adjust GTC orders using Sterling
Trader Manager platform.
If you need more information please
call Sterling Help Desk at (312) 346-9600 ext. 290 or
send us an email message to support@sterlingfinancialsystems.com.
Sterling Financial Systems, Inc.
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