Glass has a flexible, easy to use restricted list manager. There are three types of restriction classifications:

  • Allowed - the user will submit a trade for pre-clearance, but the transaction will be automatically approved
  • Approval Required - a task is generated for the admin(s) to review and approve/deny the trading request
  • Blocked - The user is unable to enter a request for the security



To set the default restriction on a security:

  1. Navigate to settings on the left navigation panel of the admin portal
  2. Click securities 
  3. Click security defaults 
  4. There are three configuration settings that can be managed:
    • The default restriction type: - all securities that have not been predefined in the security list will fall under the setting selected here
    • Approval expiration: this specifies how long the approval is good for. The business day convention set expires at the US market close (4pm EST)
    • Min holding period: optionally, an admin can enforce a minimum holding period to prevent day trading and short holding periods to limit activity. If required, check the box and type in the number of days.