What are the conditions placed upon orders through the TD Waterhouse Fixed Income Centre?
All orders entered through the TD Waterhouse Fixed Income Centre are market orders. In other words, investors cannot specify a limit price or a yield-to-maturity that they wish to buy or sell at. Subject to certain conditions, TD Waterhouse will fill buy or sell orders placed during market hours (bonds: 8:30am-4:30pm ET / money market: 8:30am-4:00pm ET. Note that these times may vary, usually on days preceding holidays.) at the current price posted on the Fixed Income Centre. Orders entered after the close of markets will be filled after market opening the following business day provided that the price is equal to or better than the listed price when the order was placed. Should the price move not favour the client, the order will be cancelled. The order status should be reviewed by the client through the Fixed Income Centre the following business day.
