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Are motif trades real-time?

When placing a motif portfolio trade in a trading account, you may have the option to execute it in real-time or at the next market open. Choose the real-time option if you want your trade to be executed immediately during market hours.

With this option selected, your order will be immediately placed for each individual security contained in the motif. And, if you decide to sell a motif, or selected individual securities it contains, those orders will be sent to the market for execution in real-time. A commission fee may apply — see Fee & Commission Schedule for details.

Trades placed in Motif Direct Index and Impact accounts are executed at the next market open.