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The price that BOOKS copies from the highlighted order to the Commission Calculator is the price executed, if there is one, or else the stop price, if there is one, or else the limit price.
If you wish to apply a discount, enter the percentage discount you wish to use, and the calculator will calculate the discounted commission. If you have a commission in mind, for example, $100, enter that number in the commission blank, and the calculator will figure the percentage discount for you. Note that the calculator also figures in the SEC transfer charge and the mailing fee. This feature is extremely valuable if you want to give your client the exact amount needed to cover a trade.
If you are a Value-added Advisor who charges 10 or 15% more than standard commissions as compensation for financial planning or other fees, you can compute the increased commission by entering a negative discount. Thus -10 in the discount field will give you a 10% markup.
Target. It often happens that clients will ask you to buy "As Much As Possible" of a given stock with a given dollar amount, or to sell however many shares it takes to produce a desired net dollar amount. In this case, the Target Amount field on the commission calculator will figure out either the correct quantity to buy, the price you must get, or the quantity of shares to sell.
Simply click on the Target Amount field, and fill in the appropriate number. There is a pair of toggle buttons at the right lower corner of the screen to choose whether you wish to compute quantity or price. Click on the appropriate button to choose.
When you have finished calculating the commission, click on Paste to transfer your calculation to the commission field on the Order Ticket, or Cancel to simply cancel out. If you choose Paste, the net amount of the trade will be transferred to the Order ticket as well as the commission.
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