E-Trading

eTrading Strategies

Choose your eTrading Strategy and ensure that it meets with your Dealer’s requirements.

  1. Advisor Access - Web Trading
    • Log-in to Advisor Access and click on the “Web Trading” tab.
  2. Dealer System Wire Orders:
    • Contact your Dealer for more information.

 

Definitions

Order Type  
Buy Purchase.
Sell Redemption.
REMINDER: in an Investment Account, the redemption proceeds go to Cash (i.e. a cheque is not issued).
Switch Move units from one fund to another within the same fund management company.
Conversion Allows you to sell one fund and buy one or more funds at different fund management companies. The sell is placed the day the order is entered and the buy(s) is placed on the same day (amount type D orders) or the next business day (amount type A, P and S orders).
Amount Type  
A All
P Percentage of units
D Dollars
S Shares
T Ten percent (10%) free.  Units allowed to be redeemed not subject to DSC, and excluding matured shares/units.
M Matured units only
F Free units not subject to DSC (also known as M+T free combined)

 

Trade Types Facilitated

  Advisor Access - Web Trading Dealer System Additional Comments
Buy Yes Yes Certain funds may require the dealer to be an N$M participant (such as with Money Market funds).
Sell Yes Yes  
Switch Yes Yes  
Conversion Yes No Winfund offers the Conversion trade type. Other dealer systems may not.

 

TMF Trades

There are three electronic methods available to avoid the $10 mutual fund trade fee when conducting T, M or F amount type orders:

  1. Advisor Access Web Trading
  2. Wire Orders
  3. TMF Trade Service

 

TMF Trade Service Information

   
Amount Type Definitions
  • T = Ten percent (10%) free. Units allowed to be redeemed not subject to DSC, and excluding matured units.
  • M = Matured units only
  • F = Free units not subject to DSC (also known as M+T free combined)
Eligible Funds

All mutual funds on the Eligible Funds list may be entered on the spreadsheet, except:

  1. Same fund matured unit switches for Mackenzie Investments (MFC funds) and Counsel Group of Funds (CGF funds).
    Note: The mutual fund trade fee will be waived for these trade types only if submitted with correct fund company documentation
    .
  2. Trades involving Money Maximizer (MRS001).
Cost

The mutual fund trade fee will not apply to this service, provided the minimum of 10 trades per spreadsheet is met. These fees are waived because they are processed by us electronically in bulk.

Should an advisor or dealer submit a spreadsheet with less than 10 trades, each trade will be subject to the $10 mutual fund trade fee.
Allowable Order Types
  • Switches - movement of units from one fund to another within the same fund management company
  • Sells - redemptions to cash

Note: The TMF Trade Service Spreadsheet cannot be used for any other Order Types

Compliance Requirements Submission of these trades implies that all compliance and regulatory requirements have been met by the Advisor and/or Dealer (i.e. full awareness and consent by clients to all trades)
Spreadsheet Requirements
  1. A minimum of 10 trades is required for each spreadsheet submitted.
  2. If the submitted spreadsheet contains less than 10 trades, each trade will be subject to the $10 mutual fund trade fee.
  3. The original spreadsheet template should not be altered in any way. Do not add other worksheets, columns or extraneous data.
  4. Only one spreadsheet should be submitted per email (see address below).
  5. Indicate dealer number. Only one dealer number can be used per spreadsheet, but it may consist of multiple advisor numbers within the same dealership.
  6. Indicate a contact name and number. We will use this contact information if there is a problem with processing your spreadsheet.
  7. Indicate the date when the spreadsheet is being submitted for processing. Spreadsheets received more than one business day after the date indicated will be rejected.
  8. Indicate the advisor code for each trade listed on the spreadsheet. Failure to do so will result in these trades being rejected.
  9. Indicate the client account number for each trade listed on the spreadsheet. Failure to do so will result in these trades being rejected.
How to Use the Service
  1. Open the TMF Trade Service Spreadsheet.
  2. Enter the required information and adhere to the above-noted guidelines. See especially the Spreadsheet Requirements and Special Notes sections.
  3. Review all information indicated on the spreadsheet to ensure accuracy and completeness before submitting.
  4. Save the completed file on your computer so it may be uploaded and attached to the email.
  5. Indicate "TMF Trade Service" and the dealer number in the email subject line (e.g. TMF Trade Service - ####).
  6. Email the completed spreadsheet to freeshares@b2bbank.com for processing.
Note: Spreadsheets submitted by 12 noon (EST) and received in good order will be handled on a best efforts basis for that business day’s trade date. Same day Net Asset Value (NAV) or pricing is not guaranteed. B2B Bank Dealer Services will not take responsibility for backdating any trades submitted through the TMF Trade Service Spreadsheet.
Confirmation
  • An auto-reply email will be sent to sender’s email address to confirm receipt of spreadsheet.
  • We will contact the sender if there are deficiencies with the spreadsheet
  • We will initially attempt to execute orders electronically, however:
    1. Trades rejected electronically by fund companies will be re-submitted manually, if applicable (the mutual fund trade fee will not be applied in these cases)
    2. If the trade is still rejected by the fund company after it has been submitted manually, we will fax a rejection notice to the advisor or dealer
Support

Contact our Trade Resolutions team at 1.800.265.6424.

  • You may also call for instructions on how to proceed if you:
    1. Are unsure if your spreadsheet has been received (i.e. you have not received a confirmation email)
    2. Have made a mistake on your submitted spreadsheet and do not want us to proceed with the trade
Note: Do not resubmit your spreadsheet unless advised by the Trade Resolutions team
Special Notes
  • If Amount Type “D” (Dollars) is selected, do not indicate the dollar sign in the Amount column or change the cell to currency. Similarly, do not indicate any other symbol. Only indicate the amount.
  • If Trade Type “Sell” is selected, only indicate the requested fund code in the “From Fund” column. Do not indicate a fund code in the “To Fund” column.
  • If Trade Type “Switch” is selected, indicate the requested fund codes in both the “From Fund” and “To Fund” columns. Also, ensure that the fund codes are within the same fund management company.
  • If you have more than one active rep code, ensure that the code indicated corresponds with the client account number. Advisor codes that do not match the client account number will result in these trades being rejected.
Note: This spreadsheet cannot be used for Amount Type “All.” Only free unit Amount Types (T, M, F) or “D” and “S” (Dollars and Shares respectively) may be used.

 

Net Redemption Calculators

Withholding tax amounts and/or deregistration/withdrawal fees may apply when money is withdrawn from your client's registered plan.

The Net Redemption Calculators can assist you in estimating these additional costs. Click here to use the Net Redemption Calculators and follow these instructions:

  • Choose the appropriate calculator for your account type and language
  • Enter the amount your client requires in the "Total Net Amount to Client" cell (Note: ensure the client's province of residence is selected and any specific withholding tax requests are taken into consideration)
  • The corresponding amount you need to place a trade for will be calculated in the "Total Redemption Amount" cell. Amounts are also displayed for the "Total Withdrawal Fee" and "Withholding Amount" for your convenience.
Banking That Works For Advisors®