Trading Options via the MBT Navigator

Options orders¹ are routed through MBTX to various exchanges, including the CBOE, AMEX, PHLX, PSE & ISE, where the order is intelligently matched for the best available execution. MBTX offers a variety of advanced order types for options which allow for tremendous flexibility in placing your trades.

Options can be traded from the following MBT Navigator windows:

• Options Chain
  
  
• Positions (if you already own the option position)
  
  
• Watchlist
  
  
• Level II
  
  

Options can be traded in an existing account after submitting an Option Agreement and an OPRA Subscriber Agreement for quotes. Option quotes are free if you trade ten (10) contracts per month, otherwise the fee is $10 per month.

Trading from the Options Chain Window

The Navigator's easy-to-use order entry interface allows you to control every aspect of your order. Double click on a price in the Options Chain to auto-load the price and default quantity. Once your parameters are set, your order is routed to the market with just a click of a button.

Options involve risks and are not suitable for all investors. It is very important that option investors read the Characteristics and Risks of Standardized Options (Option Disclosure Document) before engaging in options trading.

1. The firm receives payment for order flow for routing your options orders. Please see Payment for Order Flow Disclosure for more detail.