Routing to Canada

[JEast]

A few days ago, someone asked about routing orders to Canada from the US.  Below is one example for TD Ameritrade (US Specific):

[*]You enter an order using the OTC equivalent ticker symbol,

[*]Make sure you enter the dollar amount correctly for currency translation,

[*]Call the broker 800 number and ask them to route it to Canada, London, or wherever.

Side note: TD Ameritrade takes both a $0.005 p/share take, plus the higher brokerage commission -- still not too expensive.  Also and though frowned upon, I would use an 'all or none' designation as several small partial fills runs up commissions quickly.

 

Cheers

JEast

[ItsAValueTrap]

You can use an "all or none" order?  I believe they're banned in Canada (presumably due to market makers abusing them and clients getting poor executions).

[Mephistopheles]

What is the purpose of routing to Canada instead of just buying it OTC in the U.S.?