[Soft music playing.]
[CIBC logo. CIBC Investor’s Edge. How to place a stock trade.]
>>Narrator: Hello and welcome to Investor’s Edge.
[A laptop showing the My Accounts page on CIBC Investor’s Edge.]
Today, I’m going to show you just how easy it is to place a trade using our platform.
[Screen zooming in to show only the webpage. The cursor selecting the Trading tab.]
So when you log in, you’re going to be under Account Information. Right beside Account Information is Trading, and that’s what I’m going to click on.
[The order entry screen with the title Trade Stocks and ETFs.]
Here you’re on the order entry screen, so I’m going to demonstrate how to buy CIBC today.
[The cursor moving to the Action dropdown and selecting Buy.]
My action is going to be to buy.
[The cursor moving to the Symbol box and typing in CM. A list of companies appears. The cursor deleting CM and starting to type the name of the company, Canadian Imperial. A list of companies appears. The cursor selecting CM:CDN Canadian Imperial Bank of Commerce Ord Shs from the list of companies.]
I’m going to type in the symbol, CM, or you have the ability to type the name of the company as well.
[A green box surrounding the CDN and US Market buttons. The CDN button has already been selected.]
You can see here that the Canadian exchange is pre-populated, even though I know it trades on the U.S. exchange as well as an interlisted stock. I’m looking at the Canadian side.
[The cursor moving to the Quantity box and inputting the number 10. The cursor moving to the Order price type dropdown and selecting Market.]
I’m going to determine the number of shares that I’m looking to purchase today. So I’m going to put 10, and then I’m going to determine what kind of order type I’m entering into the market.
[A green box highlighting some of the Quote information available about the stock that was selected.]
So if I’m looking to buy 10 shares of CIBC right now, I’m going to choose a market order. A market order allows you to buy the stock at the best available price. On the right-hand side, I see CIBC is trading around one hundred and thirty dollars. Therefore, I know I’m going to get filled at around that price. However, one thing to note is in a volatile market, it is impossible to determine at what price your order is going to be filled at. But you get it right away.
[The cursor moving to the Pay from dropdown and selecting Investment Account (CAD). The cursor going to the right hand side of the page and selecting the Next button.]
Then I’m going to choose from which account I’m looking to purchase the stock. Because I’m purchasing on the Canadian side, I’m going to choose my Canadian account. If I wanted to purchase it with U.S. dollars, I would be able to do that as well. I would just select the U.S. account; however, foreign exchange conversion would take place. Then I will click Next.
[A green box highlighting the Order summary. A green box highlighting the Trading password box. The cursor hovering over the Submit Order button to the right.]
I’m going to review my order. In this account, I’m buying 10 shares of CIBC at the market price in my Canadian account. Here I’m going to put in my trading password and then click Submit Order.
[The cursor selecting the Back button and the screen returning to the Trade Stocks and ETFs page. The cursor changing the Order price type from Market to Limit. The Limit price $ field appearing onscreen.]
Another option you have, if you are looking to pay a lower price than where it’s trading at today, is to put in a limit order. So here, instead of buying at the next best available price, I’m going to determine a price at which I’m willing to pay for each share of CIBC.
[A green box highlighting some of the Quote information available about the stock that was selected. The cursor selecting the Limit price $ box and typing in 129.]
So, again, on the right-hand side, the market’s moved a little bit. It’s trading just above $130. But I’m not willing to pay any more than $129 per share.
[The cursor hovering over the default Order expiry date buttons. The Day button is already selected. The cursor selecting the Custom date button. Date dropdowns appearing onscreen with the date June 10 already prepopulated. The cursor selecting the Next button. The Order Summary page appearing onscreen.]
Now I can leave the order open good for the rest of today, which expires at 4:00 p.m. Eastern Standard Time when the market closes, or leave it open for up to 90 days. So in this case, I’ll select June 10th. Again, I’m going to be paying from my Canadian investment account, then I’m going to click Next.
[Green box surrounding the Order summary information. Cursor selecting the Trading password box and typing out the password. The cursor selecting Submit Order button.]
Once again, I’m going to review my order, buying 10 shares of CIBC on the Canadian exchange at a limit price of one hundred and twenty-nine dollars good through June 10th of this year. Now that my order is good, I’m going to put in my trading password and then click Submit Order.
[The Order Confirmation page appearing onscreen. The cursor selecting the View Order Status button. The Order Status page appearing onscreen. A green box highlighting a transaction, indicating that it is Open. The cursor selecting the plus sign to the left of the transaction. Two new buttons appearing onscreen: Cancel Order and Change Order. A green box highlighting the two new buttons.]
In order to view my order, I’ll just click on View Order Status. So on my Order Status screen, I can see that the order is open. Now if I’m looking to amend this open order, I can click on the plus sign and either cancel it or change the price at which I’m looking to be filled.
[The Order Status page appearing onscreen.]
So now you can see just how simple it is to place a trade using the Investor’s Edge platform. Now that you’re ready to go, I wish you happy trading.
[CIBC logo. CIBC Investor’s Edge.]
[CIBC Investor’s Edge is a division of CIBC Investor Services Inc.]