Holding Restriction
Holding Restrictions check current holdings against one or multiple rules in the restriction. If a holding restriction is violated, a notification is sent. Holding Restrictions trigger notifications only, and do not restrict trading.
To create a Holding Restriction, please take the steps outlined below.
Instructions
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Select the Restrictions button in the top right corner of the Pre-Trade Compliance Tool.
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In the top right corner of the click New Restriction.
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From the Restriction Method list shown in the Start Here field, select Holding Restriction.
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Enter a name for the restriction (required).
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Optionally enter a description of the restriction, and a message that traders will receive if a holding violation is triggered.
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Add one or more rules to define the restriction.
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Select Add rule… and choose a rule.
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Specify parameters. Note that some rules allow you to apply a List as a shortcut to creating multiple entries.
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Holding Restrictions support Issuer of Symbol, Symbol (Underlying), Concentration of Issuer, Concentration of Symbol, Concentration of Product or Security, and Product or Security Type rules.
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Enter the Restriction Type. By default, a restriction will affect an order before it's submitted, either by restricting it or allowing it based on defined Rules for this Restriction. You can elect to have a restriction be "Notify Only" by selecting "Restriction will trigger a violation notification to trader. It will not disallow trading."
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Exclusions: Optionally apply exclusions to the rule. Available exclusions are based on the selected rules.
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When you have added all rules, click Save Restriction. The restriction is saved to the Restrictions Library.