Registered Representatives - Independent Brokers

Registered Reps. - Brokerwebstation boasts sophisticated Order Management that lets users manage their risk. This includes “trigger orders”. They “trigger” based on the indices or parameters you set on original orders. You can enter covered call, protective puts, sell limits and sell stop orders “triggered” on the execution of the original order.
There are also “index trigger orders” that let you execute orders based on target prices of specific indices. The contingent orders are stored on Wallstreet Electronica’s servers until the main order gets executed. Once that happens, the contingent orders are released. If one of the sell stop or limit orders get executed, the balance of orders are automatically cancelled. The contingent/trigger order system lets you focus less on the strategy of the order and more on their business.