eTrade 2007 Annual Report Download - page 199

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Note:
There are certain conditions that make an order ineligible for the guarantee.
Know which stocks and ETFs are eligible
Our 2-Second Execution Guarantee is available for stocks in the Standard & Poor’s 500 Index (SPX) and the ETFs available through
E*TRADE Securities. If you have questions about which stocks comprise the S&P 500, you can view our current S&P 500 list.
Any market order for these securities that also meets the other qualifications will be guaranteed an execution in 2 seconds or less.
Note:
The securities comprising the S&P 500 Index and the ETFs available through E*TRADE Securities change from time to time.
Learn where I can place orders
The 2-Second Execution Guarantee is applicable to qualifying orders placed through any of the following gateways:
The E*TRADE Web site (us.etrade.com)
Power E*TRADE MarketTrader
Power E*TRADE Pro (auto-routing only)
Power E*TRADE Trading Desk
Wireless devices
However, if you place your order through Power E*TRADE Pro, a wireless device, or the voice browser, you’ll need to go to the
E*TRADE Web site to check the status of the order – either by viewing your Smart Alerts or by going to the Execution Guarantee
section of the View Orders screen.
Know which orders are ineligible
The following orders are not eligible for the guarantee:
Voice browser
Sell orders for stocks or ETFs in which the account has a short option position (such as a covered call)
Orders entered as short sells
Orders routed directly to a specific ECN
Extended Hours trades
Buy orders for stocks or ETFs trading under $1
Orders you later try to change or cancel
The stock leg of complex options orders
Orders placed through a live broker
Orders for stocks in which the market is halted, locked, or crossed
Orders stopped for price improvement
Orders for stocks trading in a fast market
Orders entered within 20 seconds on the same security, on the same side of the market
Some orders for listed stocks or ETFs making a new intraday high or low
Understand how short options positions affect the guarantee
If you’re holding short options positions in your account (you have written covered call or put contracts), any order you place for the
underlying security will not qualify for the execution guarantee. This also applies to orders for shares where you’ve entered options
orders that have not yet executed.
A-8
Orders live during communications or other system interruptions