Adding Account Controllers

Controllers should be added if an individual member is trading the account with discretion. Note that for an individual account the member listed as the account owner will automatically be listed as a controller.

  1. From the section labeled Controllers, select Add from the drop-down list above the Actions column.
  2. After selecting Add, the search form will appear.
  3. When adding Controller(s) in Across Exchange Mode, the controller list available for selection will contain only potential controllers that have member status at all exchanges specified. If the controller does not appear in the list, the User should review the individual’s status at each Exchange selected and revise the Exchange selections accordingly.
  4. Use the Filter By fields to find the designated Controller.

Adding Account Controller

  • Controllers can only be Individual Members therefore, the User will have the following Filter By features to locate the respective controller:
  • Name: Select the Name radio button and type the first few characters of the individual’s last name in the textbox. The drop-down will automatically narrow the User’s search to the name that matches what was entered. Select the appropriate member from the list.
  • Symbol: Select the Symbol radio button and type the first few characters of the individual’s member acronym in the textbox. The drop-down will automatically narrow the User’s search to the symbol that matches what was entered. Select the appropriate member from the list.
  1. Enter the Effective and Expiration Date of the Account Controller. Note that dates must be equal to or between the Main Account date range.
  2. Select the Add button. A confirmation message will appear stating that the controller has been added. Continue to add as many account controllers as necessary.

Modifying Account Controllers

When viewing an existing Main Account, the associated account controller(s) are displayed under the Controllers section. Note: The User may use the Across Exchange Mode to edit controller(s) at multiple Exchanges simultaneously, as long as the Main Account(s) exist at each selected Exchange.

The User can perform the following with respect to Account Controller:

  • Delete Account Controller
  • Update Account Controller(s) Effective and/or Expiration Dates
  • To Delete an Account Controller:
  1. Identify the appropriate row containing the account controller to be deleted, select the Delete hyperlink in the Actions column for that row in order to delete that account controller.
  2. A Message Box will display asking the User to confirm the deletion of the controller. Select OK to continue, or select Cancel.
  3. If OK was selected then a confirmation message will display above the Account Details section confirming the account controller has been deleted.

Deleting Account Controller: Confirmation Message

NOTE: In order to delete a controller who is also an account owner, that member’s account owner record must be deleted.

  • To Update an Account Controller(s) Effective and / or Expiration Dates
  1. Identify the appropriate row containing the controller to be updated.
  • If the Effective Date or Expiration Date needs to be updated, the User may manually type over the date (MM-DD-YYYY) or select the calendar icon to select the effective date.
  • Effective Date must be equal to or greater than the Main Account’s effective date.
  • Expiration Date must be equal to or less than the Main Account‘s expiration date.
  1. Select the Update hyperlink in the Actions column for that row to apply the updates to the Controller’s’ Effective and/or Expiration Dates.
  1. A Message Box will display asking the User to confirm the updates. Select OK to continue, or select Cancel.

Updating Account Owner: Confirmation Message

  1. If OK was selected then a confirmation message will display above the Account Details section confirming the account controller has been updated.

NOTE: If you are updating an individual member account controller who is also listed as an account owner, the system will automatically update the owner record for that member.

Copying Owners / Controllers

This feature will copy all active owners / controllers from one registered main account to another within the same Exchange; these features are available only in the Single Exchange Mode.

To copy owners / controllers the User will need to do the following:

  • To Copy Owners:

From the section labeled Account Owners, select Copy Owner(s) from the drop-down list above the Actions column. The Copy To Main Account field will display.

  • To Copy an Account Owner:
  1. Select the registered Main Account from the drop-down list to copy the Owner(s) to.
  2. After selecting an account, click Copy. A confirmation message will display:

NOTE: When an individual is copied as an owner to another account, they are also automatically added to that account as a controller.

  • To Copy Controllers:

Only copy individuals can be controllers.

The following rules apply when copying account controllers:

  • If the Account Type equals Firm, then the controllers will be copied to the designated Main Account.
  • If the Account Type equals Individual, Joint or Non-Member and the controller to be copied is not an owner, then the controller will be copied to the designated Main Account.
  • If the Account Type equals Individual, Joint or Non-Member and one of the controllers to be copied is already an owner, then that specific individual(s) will not get copied over to the new designated account. Only controllers where there is no owner relationship will be eligible for copy.
  1. From the section labeled Controllers, select Copy Controller(s) from the drop-down list above the Actions column. The Copy To Main Account field will display.

  1. Select the registered Main Account from the drop-down list to copy the Controller(s) to.
  2. After selecting an account, click Copy. A confirmation message will display.