Help

SEARCHING BID WANTEDS (BW)

Begin by inputting information on the search page pertaining to the desired features of the bid wanted items (“BW”) you wish to search for on the RWSBROKER.COM website. For example: Par Value, Interest Rate, Mat/Redemption Date, Ratings, Insurance, security type, etc.
The search page defaults to All States. Please note that the search page allows you to search for securities in All States, specific states (individual or multiple), or to Exclude States (individual or multiple).
Select from the “Sort By” or “Items Per Page” drop-down box options to control how you want to display items. The “Sort By” default is by Item Number which will list search results in item number order. The “Items Per Page” default is twenty (20).
When you have entered all of the desired parameters of your search, click on the Search button.

SAVED SEARCHES

The RWSBROKER.COM system allows you to name and save your searches. There is no limit to the number of searches you can save.

Select the features you want to search for.
Click the Save button.
Name your search.
Click Save.

To view Saved Searches:

Click on the Saved Searches drop down arrow to view your previously Saved Searches.
Click on the Saved Search you want to view.
Click on the search button at the bottom right of the screen for your items to be displayed.
To delete a Saved Search highlight that search and click the Delete button. The system will ask if you really want to delete that saved search. Select Yes and the search will be deleted.

SUBMITTING BIDS

The RWSBROKER.COM system allows RW Smith clients to submit Will Bids, Passes, dollar price bids, yield-less-concession bids, or flat bids on all BW items. If you are submitting a Will Bid, Pass, or bid on only one item on a page, follow the steps below and click the Submit button. The Submit button is located at both the top and bottom of every RW Smith bid wanted page.

If you are entering bids or passes on multiple items you do not need to click Submit for every item on the page. Rather, enter the information (bids/passes/will bids) on all of the bid wanted items on that page that you are interested in and click Submit (once); the system will gather all of your input on every item on the page and submit it to the RW Smith trading platform.

To enter a Will Bid, place a check in the box (aka radio button) in front of "WB".
To enter a Pass, place a check in the box in front of "Pass".
To enter a Dollar Price bid, enter your dollar price bid in the field $Price.
To enter a Yield Less Concession bid, enter your yield less concession bid in the Yield-Conc field.
To enter a Flat Bid, enter your dollar price bid in the appropriate box, then click on the check box button in front of Flat.
If you selected WB or Pass but now want to enter a bid, click on the radio button in front of "Clr" to clear your previous selection. Now enter your bid in the appropriate field.

VIEW MY BIDS

"View My Bids" allows RW Smith clients to view and print the items they have placed bids on through RW Smith today.

VIEWING BID SUMMARY

Bid Summary will show all of your historical bids, but not today’s bids. All historical bids will show here, whether they were bid via the Web Site, via Fabkom, or over the phone with your RW Smith broker.

To view your bid summary, click on Bid Summary at the top of the page, input the date and click Run Report; the date defaults to the previous trading day.

SUBMITTING BID WANTEDS

You can submit all of your items for the bid directly through the RW Smith website: RWSBROKER.COM.

Click on the Bid Wanted Submittal button. A Bid Wanted Submittal Form will appear. Fill in your name and select your RWS broker from the drop-down box; if you do not have one, select Not Established and an RWS Broker will be assigned to you.
You can enter each item individually or you can attach a spreadsheet of items to submit.
Once you have completed the form or attached a spreadsheet, click Submit. After clicking Submit, you will see a Thank you for your request message. Following immediate receipt of your bid wanted items the RW Smith network will get to work. Your RW Smith broker will respond back to you at the time you requested with bids on the securities you placed out for the bid with RW Smith.

SUBMIT OFFERINGS

You can submit all of your offerings through the RW Smith website.

Click on the Offering Submittal button. An Offering Submittal Form will appear. Fill in your name and select your RWS broker from the drop-down box; if you do not have one, select Not Established and an RWS Broker will be assigned to you.
You can enter each item individually or you can attach a spreadsheet of offered positions for submittal.
Once you have completed the form or attached a spreadsheet, click Submit. After clicking Submit you will see a Thank You for submitting your offerings message. Upon receipt, the national network of RW Smith brokers will immediately begin working on moving those positions for you.