Buy orders

Participants can at any time submit buy orders for units of securities listed in Bourstad. In financial markets, investors buy stocks or other financial securities in the hope that their value will increase and they will make a profit by selling them.

To be able to buy any security, the participant must have a net cash balance sufficient to cover the full cost of the purchase, including brokerage fees. The net cash balance is the amount of cash, in Canadian dollars, available to the participant less the total value of all short positions, taking into account the effect of the submitted buy order. (See the description of the short sell transaction order).

For the purchase of money market funds, it is sufficient to have the required amount of cash, regardless of the net cash balance.