Please be advised that effective Q4 2022, we will be upgrading our current version of Actimize Suspicious Activity Monitoring (SAM) in NetX360 from SAM v8
Fractional Share Trading and Dollar-based Investing: ETFs
We are pleased to announce that the list of securities available for purchase in our fractional share trading and dollar-based investment offering is growing. We have listened to your feedback and are adding the ability to purchase over 100 exchange-traded funds (ETFs), effective August 22.
USD Equity and Option Order Routing Workflow Expiration
Effective September 10, we will begin to expire domestic equity and option orders with a time in force of "DAY," "Fill or Kill" (FOK), "Or Canceled" (OC) and "Opening Only" (OPG) that are entered before 4:00:00 p.m. (ET) at 01:00:00 a.m. (ET) the following business day.
Client Training Services enhances the user experience in NetX360 by offering blended learning through a combination of video content and insightful instructor-led courses.
NetX360 User IDs and One-Time Passcode
If your firm participated in the NetX360 One-Time Passcode (OTP) migration, this is a reminder that user IDs that were created or existed in the system on or before the migration date were migrated to OTPs. Review this communication for additional information on new user IDs post migration and activating OTP.
Items for Attention Enhancements
To improve the user experience and increase operational efficiencies, we are pleased to announce enhancements to Items for Attention (IFA) within NetX360, effective September 19.
Online Balancing (OLB) Enhancements
We will be enhancing our NetX360 Online Balancing (OLB) tool for equity, equity ex-clearing and fixed income with several new features to help you be prepared for the transition to T+1 settlement cycle. We will implement the enhancements in two phases, with phase 1 enhancements effective September 19 and phase 2 enhancements effective November 21.
Intraday Margin Exposure Report
Effective immediately, we have created a new Intraday Margin Exposure Report that your firm can leverage to manage intraday risk associated with margin accounts. Review this communication for more information.
QRP Sponsors to Receive Mailing From Ascensus
We would like to make you aware of an upcoming communication your Qualified Retirement Plan (QRP) sponsor clients will be receiving from Ascensus, the provider of Plan Document Services for QRPs on the Pershing platform.
Ascensus Plan Document
Revised: FINRA Stop Order and Market Volatility Disclosures
As previously communicated, we are updating certain disclosures to help firms comply with the updated guidance from FINRA Regulatory Notice 21-12. Please be aware that there will be a delay in amending the updated versions of the disclosures in the legacy (old experience) equity and option order entry screens in NetX360 for Windows, and for users placing equity orders via the NetX360 Mobile app.
Trading Services: Best Execution
The most recent Execution Quality Scorecard and Fixed Income Exception Statistics related to best execution are available.