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MOVE, LINK OR PARTITION AN ACCOUNT

Move, Link or Partition an Account

This page lets you:

  • Move your existing account, including all cash and positions, to a Broker (eFloorTrade)

  • Create a new account to link to a Broker (eFloorTrade) and keep your existing account.  The new Broker (eFloorTrade) account will be linked to your existing account.

  • Divide your account into two partitions: one that will be managed by you and one that will be linked to the Broker (eFloorTrade).

Important Notes about Linking and Delinking

  • You cannot link your account to a Broker who has lesser trading permissions than you.

  • When you move your entire account to a Broker (eFloorTrade), you will keep the ability to log in to Trader Workstation, and your current trading permissions will remain in effect.

  • When you create a new linked Broker account and keep your existing account, the trading permissions for your existing account will also apply to the new Broker account, but any permission to which the Broker is not entitled will be removed.  Future permissions changes for the new account must be done individually for each child account.

  • Market data subscriptions are charged once for linked accounts rather than separately for each linked account (market data subscriptions are charged per terminal/computer).

  • If you choose to create a new account partition under a Broker (eFloorTrade), that partition will be created overnight.

  • Complete account moves to a Broker (eFloorTrade) are completed every Friday at 2:00 PM.

  • When you choose to link your existing account to a Broker (eFloorTrade), the Broker must confirm the link request.  The new linked account will be open and ready to be funded by 6:00 PM on the same business day.  If you submit your link request after 4:00 PM, the linked account will be open and ready to be funded by 6:00 PM on the next business day.

About Partitions

When you choose to create a new account partition for a Broker (eFloorTrade), you are essentially creating a parent-child account relationship.  Your existing account becomes the "parent partition" and your new Broker partition becomes the "child partition."  The following guidelines apply to these partitions:

  • The trading permissions for your existing account partition will also apply to the new Broker partition., but any permission to which the Broker is not entitled will be removed.  Future permissions changes for child partitions should be done individually for each partition.

  • Market data subscriptions are charged once for account partitions rather than charged separately for each partition (market data subscriptions are charged per terminal/computer).

  • The child partition will be open and ready to be funded by 6:00 PM on the same business day.  If you submit your request after 4:00 PM, the child partition will be open and ready to be funded by 6:00 PM on the next business day.

  • When you create a new Broker child partition, the Broker cannot reject the request.

  • You fund the child partition by transferring cash and or positions from the parent partition to the child partition once the child partition is open.  Use internal fund transfers or internal position transfers to do this.

  • The Broker (eFloorTrade) will determine and configure fees for the new child partition just as they would for any of their client accounts.

  • Commissions are charged separately for each partition.

  • Clients receive read only access to trading applications. 

  • The Broker partition can be closed just like any other broker client account.

  • The parent partition (your original existing account) cannot be closed until all child partitions are closed.

  • You will be unable to delink the Broker (eFloorTrade) partition.  To delink the partition from the Broker, you must first transfer all funds and assets to the parent partition (your original account), and then close the Broker partition.  

  • You can only link to one Broker partition, but you can link multiple accounts to the same Broker.

To move, link or partition an account

  • Click Manage Account > Add or Link Accounts > Advisor/Broker Account Setup

Advisor/Broker-managed Account ID:  i1134810 (case sensitive)

Advisor/Broker-managed Account Title:  eFloorTrade (case sensitive)

  • Select from the following options by clicking the appropriate radio button:

Move my entire account to an account managed by the Advisor/Broker identified below.

Create a new linked account that will be managed by the Advisor/Broker identified below.

Divide my account into two partitions, one of which will be managed by the Advisor/Broker identified below.

  • Type the Account ID and Account Title of the Broker account in the fields provided.

  • Click Continue

  • Enter the account ID and title of the broker account to which you want to link in the fields provided.  For example, account ID i1134810 and account title eFloorTrade.  

  • Click Continue

  • Sign each of the two required agreements and click Continue after signing each one.

  • You will be emailed a confirmation number.  Enter that number on the Confirmation Number page, then click Continue.

  • An email will be sent to the Broker (eFloorTrade) to inform them of your request.