Brokers also can use the EC for endorsing flashed or headset-entered trades. The member firm staff sends an e-ticket for the flashed order and the brokers clerk simply adds the endorsement information. The EC automatically places flashed-order endorsements in the order status screen so that the order will not be considered a new executable order. Also, time stamping is completely automated. The device is available in either a hard-wired or wireless version.
Electronic Clerk can accommodate different commodities and multiple commodity months.
It does not handle spread orders at this time. Currently, there are no leasing or installation fees for the Electronic Clerk. Installation takes about four weeks. Complimentary training classes, approximately two hours in length, are provided on a regular schedule. The first example is that of a FCM trading floor staff sending a simple order to a broker for execution.