Stock Orders

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The Trading menu allows you to place orders on stocks and options as well as conditional orders. It gives you a complete view of all your assets held at Desjardins Online Brokerage as well as all the assets of the accounts linked to your user ID. The Trading menu also allows you to view your current orders and details of executed orders.

Click on New Stock Order to place a stock order.


Use the Account drop-down menu to select the account for which you would like to place your order.


Enter the symbol you would like to trade in this field.


The drop-down menu allows you to select the type of order you would like to enter, either a buy, a sell or a short sell.

Short sell: Use for short sell orders

Short selling involves selling a security that you do not own. Short sell orders can only be entered in a margin-short account. Short sales for mixed lots are not accepted on the TSX and TSX Venture exchanges. On NYSE and NASDAQ, short selling is accepted on board lots, odd lots and mixed lots.

Buy to cover

Use this to cover a short position in a margin-short account (i.e. to buy back shares that you had previously sold short).


The Transaction drop-down menu allows you to select the type of order you would like to enter (some selections apply only to certain account types).

Stop Orders

Please refer to the "stop orders" section below for details.


Use this field to enter the number of shares or units you wish to trade (in whole numbers only).

The table below lists the board lot size for various share prices. A board lot is the standard number of shares that make up a trading unit on the exchange. An odd lot is a number of shares that are less than a board. A mixed lot is comprised of one or more board lots and an odd lot.

Share Price Board Lot
under $0.10 1,000 shares
$0.10 to $0.99 500 shares
$1 and above 100 shares

Odd Lot / Mixed Lot Order

If you enter a market order on the TSX Venture exchange for an odd lot or mixed lot, you risk getting a partial fill or no fill at all, especially if your order is entered outside of market hours. This type of order is sent to a "special terms" market, where full or partial execution is not guaranteed.

To avoid this, you may wish to change the price from "Market" to "Limit", and specify a limit price significantly above the bid (for a buy) or significantly below the ask (for a sell).

Canadian Market Orders

Canadian regulators now require dealers to take appropriate steps to prevent market orders from causing large price variations during a trading session. In order to establish this safeguard, market orders may be limited to the level of the execution price on Canadian securities.

The order price will be determined from an "acceptable" range; the price will be calculated according to the best market price.

Due to these rules of market protection, market orders could, in some cases, be executed only partially.

All or None Orders

This feature appears in the order panel on orders of 100 shares or more and trading on US markets.

As the name implies, an all-or-none order restricts execution of a trade to the entire order. This prevents multiple fills for a trade which, if executed on separate days, could result in multiple trading commissions. Like any restriction, however, all-or-none orders are not displayed on the bid or ask and they are executed on a best effort basis.

All or none orders are permitted on US markets only.


You can select "Market" to execute your order at the prevailing market price or enter a "limit" order by specifying a limit price. The latter will ensure that your order is filled only at price equal to or better than the price specified, however it will reduce the probability of your order getting filled.

If you are entering an on-stop order, your order will be triggered by the price specified in the Trigger Price field. Please specify a stop limit price in the Limit field.

In general, the minimum price increments ("ticks") accepted by the various exchanges are listed in the table below:

Price TSX and TSX Venture NYSE Nasdaq
All Securities   $0.01  
Under $0.50 $0.005*   $0.005
$0.50 and above $0.01*   $0.01


Use the calendar icon or manually enter a date to specify when you would like your order to expire. You can specify a Good Through date up to 60 days away. Your order will be valid until executed, cancelled or expired at the end of the date specified.

Extended Hours

Check the "Extended Hours" box to enable a trade for extended hours. This feature is available for shares trading on US markets only (NYSE and NASDAQ). Only orders with a valid limit price for the day are accepted. Stop orders and virtual stop orders are not eligible for extended hour trading;

When this box is checked, orders placed before the start of regular trading hours (before 9:30am), your order becomes valid, with the possibility to modify, for the pre-opening session (starting at 8am), the regular session, and the "after-market" session from 4pm to 5pm. When you check this box while placing a trade during a regular trading session (9:30am to 4pm), your order becomes valid, with the possibility to modify, for the remainder of the regular session, as well as the after-market session from 4pm to 5pm.

When viewing your current orders, you will see the word "GTEM" next to those that will participate in extended hour trading. You can modify or cancel this type of order exactly the same way as any other type of order from the "Current Orders" panel.

There are no extra charges for extended hour trading. The normal commission schedule applies.

Insider / Significant Shareholder

You must check the "Insider" and/or "Significant Shareholder" box(es) if you meet the description(s) below:

Under National Instrument 55-104 Insider Reporting Requirements and Exemptions (hereinafter, "NI 55-104"), a reporting insider is defined as being:

  • the CEO, CFO, COO and the directors of the reporting issuer, of a Major subsidiary footnote 1 of the reporting issuer, of a Significant Shareholder footnote 2 of the reporting issuer or of any post- conversion footnote 3 Significant Shareholder;
  • a person or company responsible for a principal business unit, division or function of the reporting issuer or of a Major subsidiary;
  • a Significant Shareholder or a post-conversion Significant Shareholder;
  • a management company that provides significant management or administrative services to the reporting issuer or a Major subsidiary of the reporting issuer, every director of the management company, every CEO, CFO and COO of the management company, and every Significant Shareholder of the management company;
  • an individual who performs functions similar to those described above;
  • the reporting issuer itself, if it has purchased, redeemed or otherwise acquired a security of its own issue, for so long as it continues to hold that security; and
    • any other insider who: in the ordinary course receives or has access to information as to material facts or material changes concerning the reporting issuer before the material facts or material changes are generally disclosed; and
    • directly or indirectly exercises, or has the ability to exercise, significant power or influence over the business, operations, capital or development of the reporting issuer.

Sending your order

When you are satisfied with your order, click on the Verify button*. This will take you to the Order Verification screen, where you can review the order details and click "Submit order" to send it.

  1. A Major subsidiary is a subsidiary of an issuer whose assets are 30% or more of the consolidated assets of this issuer, or whose revenues are 30% or more of the consolidated revenue of the issuer.
  2. A Significant Shareholder under NI 55-104 is a person or company that has beneficial ownership of, or control or direction over, whether direct or indirect, of securities of an issuer carrying more than 10 percent of the voting rights attached to all the issuer’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person or company as underwriter in the course of a distribution. Post-conversion ownership of securities is also taken into consideration for identification as a Significant Shareholder.
  3. "Post-conversion" ownership is considered if the securities are convertible within a 60-day timeframe.