Dear Valued Clients,

STOP ORDERS

Stop Orders are now available on the following Electronic Communications Network (ECN):

- Archipelago ECN for OTC stocks
- Island ECN (Stop Limit only) for all stocks

Stops orders will be held by Townsend Analytics, the company that develops RealTick, not the ECN. Stop orders will be triggered by the last price potentially allowing for bad prints to trigger stops.

As previously announced, the NITE order route will continue to accept Stop Market and Stop Limit orders for Nasdaq stocks. The stop will be initiated based on the best bid/best offer posted on level II. Please note that we recommend using NITE only for stop orders because of the $0.01 per share fee.

Listed orders placed on the Arca Exchange (ArcaEx) and ISI will still be held by those order routes. Trailing stop orders are still not available.

REALTICK®

RealTick 7.6 has been released. It can be downloaded at our download center. Many of the order routing features in the upgrade are not available through the ECNs. To view a complete summary of all of the changes, please visit Changes in RealTick 7.6.

Sincerely,

Mastertrader.com
7-11 South Broadway, Suite 210A
White Plains, NY 10601