Transcript: CIBC Investor’s Edge — How to place a stock trade

[CIBC logo]
[CIBC Investor’s Edge]

[How to place a stock trade]

[A mobile phone is shown with a line graph on the screen. The screen scrolls up to show another line graph and a bar graph.]

[A laptop is open to show the CIBC Investor’s Edge website. The web page reads: “Trading on CIBC Investor’s Edge is now even easier with Quick Trade.” Beside it is the sign-on box.]

>> CIBC Investor’s Edge employee: Hello and welcome to Investor’s Edge. Today I’m going to show you just how easy it is to place a trade using our platform.

So when you log in, you’re going to be under account information. Right beside account information is trading, and that’s what I’m going to click on.

[Once logged in, the opening screen is shown with the following links: “Accounts,” “Trading,” “Order Status,” “Transfers and Exchange,” Quotes and Research,” and “Learn.” Below these links, the Market Overview  displays information about various Stocks and their current worth, as well as whether the stocks have gone up or down. Below this is the Total Market Value in CAD funds. Below this is a listing of the accounts the owner has and a more detailed account of each, showing “Cash,” “Securities,” “Sum of Total Value.”]

[A red circle appears around the “Trading” link at the top of the screen. The cursor selects this link. The Order Entry screen opens.]

Here, you’re on the order entry screen.

[The same links are at the top of the screen. Below is a title: “Trade Stocks and ETFs.” Below is the Account information: “Investment number” and currency. Below are a number of boxes of information to be completed: a dropdown box titled “Action,” “Symbol,” “Market,” “Quantity,” a dropdown box titled “Order Price Type,” “Order expiry” and a dropdown box titled “Pay From.”]

So I’m going to demonstrate how to buy CIBC today. My action is going to be to buy. I’m going to type in the symbol CM, or use the ability to type the name of the company as well. You can see here that the Canadian exchange is pre-populated, even though I know it trades on the U.S. exchange as well as an inter-listed stock. I’m looking at the Canadian side. I’m going to determine the number of shares that I’m looking to purchase today. So I’m going to put 10 and then I’m going to determine what kind of order type I’m entering into the market. So if I’m looking to buy ten shares of CIBC right now, I’m going to choose a market order.

[Under “Action,” “Buy” is chosen from the dropdown list. Under “Symbol” CM is typed in, which brings up a list of possible companies found with this symbol. “CM” is then deleted and the name of the company is typed in; this brings up the same list. A listing is chosen that is in Canadian currency; this automatically fills in the currency box of CA, which is circled in red. Under “Quantity,” the number of shares, 10, is typed in. The “Order price type” is selected, which opens a dropdown listing, under which “Market” is selected and circled in red.]

A market order allows you to buy the stock at the best available price. On the right hand side, I see CIBC is trading around $130. Therefore, I know I’m going to get filled at around that price. However, one thing to note is in a volatile market it is impossible to determine at what price your order is going to be filled at, but you get it right away.

[To the right is current market information on this company, including the current price and whether it is up or down. This is circled in red.]

Then I’m going to choose from which account I’m looking to purchase the stock. Because I’m purchasing on the Canadian side, I’m going to choose my Canadian account. If I wanted to purchase it with U.S. dollars, I would be able to do that as well. I would just select the U.S. account. However, a foreign exchange conversion would take place.

[The “Pay from” dropdown list is selected and “Investment Account (CAD)” is chosen.]

Then I will click Next. I’m going to review my order.

[At the bottom of the page a button labelled “Review order” and is selected.]

In this account, I’m buying 10 shares of CIBC at the market price in my Canadian account. Here, I’m going to put in my trading password and then click Submit Order.

[The “Order details” appear for the order just completed. The following information is shown: “Account,” “Security,” “Activity,” “Order expiry,” “Pay from.” The information is highlighted. Below, the “Trading password” is typed in. “Submit Order” is selected at the bottom of the screen.]

Another option you have, if you are looking to pay a lower price than where it’s trading at today, is to put in a limit order.

[The “Back” button is selected, taking user back to the initial screen.]

So here, instead of buy at the next best available price, I’m going to determine a price at which I’m willing to pay for each share of CIBC. So again, on the right hand side, the market’s moved a little bit. It’s trading just about $130, but I’m not willing to pay any more than $129 per share. Now I can leave the order open good for the rest of today, which expires at 4:00 pm Eastern Standard Time when the market closes, or leave it open for up to 90 days. So in this case, I’ll select June 10th. Again, I’m going to be paying from my Canadian investment account. Then I’m going to click Next.

[The “Order price type” is changed from “Market” to “Limit.” The current market information to the right is circled in red. The “Limit Price $” box was added when the “Order price type” was changed and is now completed by typing in 129. Below the “Order expiry” is changed from “Day” to “Custom date,” which assumes a 90 day period, but can be changed to any date up to the 90 day period. “Review order” is chosen.]

Once again, I’m going to review my order: buying 10 shares of CIBC on the Canadian exchange at a limit price of $129, good through June 10th of this year. Now that my order is good, I’m going to put in my trading password and then click Submit Order.

[The new order details are shown: “Account,” “Security,” “Activity,” “Order expiry,” “Pay from.” The information is highlighted. The “Trading password” is typed in and “Submit order” is selected, which opens the confirmation page. This shows a summary of the order and that it is confirmed. At the bottom are two buttons: “Place New Order” and “View Order Status.”]

Once again, I’m going to review my order buying ten shares of CIBC on the Canadian exchange at a limit price of $129, good through June 10th of this year. Now that my order is good, I’m going to put in my trading password and then click submit order.

In order to view my order, I’ll just click on the order status.

[“View Order Status” is chosen. The Order status screen opens.]

So my order status screen, I can see that the order is open. 

[At the top is the Investment account number. Below this are a number of type of orders: “Stock,” “Option,” “Mutual Fund,” “GICs and Bonds,” “Cash Transfer,” “All Orders.” Below this are various ways to Filter the information: “Market,” “Time Period,” “Order Status,” “Symbol” and the Apply Button. Beside this is a dropdown field for “Sorted By.” Below the filter options are the details of the current investment: “Symbol,” “Action,” “Quantity,” “Order Type,” “Price,” “Oder Expiry,” “Cur.,” “Last Activity (ET),” “Order Status & Updates.”]

Now, if I’m looking to amend this open order, I can click on the plus sign and either cancel it or change the price at which I’m looking to be filled.

[“Order Status & Updates” is circled in red. The cursor then selects the plus sign beside the Symbol information, which brings up new buttons below: “New Order,” “Cancel Order,” “Change Order.” The last two options are circled in red.]

So now you can see just how simple it is to place a trade in the Investor’s Edge platform.

[The Trading link is selected at the top, which takes the user back to a blank Trading screen. Then the Action dropdown box is selected to show the two options: “Buy,” “Sell.”]

Now that you’re ready to go, I wish you happy trading.

[Trade smarter, not harder with CIBC Investor’s Edge.]

[CIBC Investor’s Edge is a division of CIBC Investor Services Inc. This document is provided for general informational purposes only and does not constitute investment advice. The information contained in this document has been obtained from sources believed to be reliable and believed to be accurate at the time of publishing, but we do not represent that it is accurate or complete and it should not be relied upon as such. All opinions and estimates expressed in this document are as of the date of publication unless otherwise indicated, and are subject to change. The CIBC logo is a registered trademark of CIBC. The material and its contents may not be reproduced without the express written consent of CIBC.]

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[CIBC Investor’s Edge]
[The CIBC logo is a registered trademark of CIBC.]