Block orders (for IAMs)

Note

This article is specifically intended for our partners who are Independent Asset Managers (IAMs) 

A block order involves more than one client participating in a single transaction. The foundation of a block order is the allocation group.

Creating a New Block Order

Allocation group serve as the fundamental building blocks of block orders.

Using Saved Allocation Groups

Saved allocation groups facilitate the creation and routing of block orders:

1. Utilize the 'Owner Selector' (3) at the top to display allocation groups associated with the house/sub-house.
2. Click the three dots (4) and select 'Create Order' (4) next to the group you intend to use for block order creation.

Using Ad-Hoc Allocation Groups 

Block orders can also be created using ad-hoc allocation groups, which are not saved for future use in the 'Allocation Groups' screen.

An ad-hoc allocation group can be formed by selecting clients from the client screener. 

To proceed with creating a block order without saving the allocation group, select 'Create and Continue'.

 

Block Order Parameters

Specify the following parameters on a block order:

• Order Handling (Reduce/Cancel): If one or several accounts cannot accommodate their part of the block order, the block trade/order amount will be reduced, or the entire order will be cancelled.
• Order Direction (Buy/Sell)
• Unit/Amount: Applicable to Mutual Funds. For other instruments, orders are placed in 'Units'.

 

Monitoring Block Orders

Both open and traded/cancelled block orders can be viewed and monitored on the 'Block Orders' screen. Sorting and filtering are available using various parameters.