Create Trade

This method is used to create a trade/investment for an offering. This requires Account ID and total number of units/shares to be purchased by the account. Creating a trade represents the intention to invest and does NOT initiate any sort of fund move. To initiate an ACH transfer for a trade, you will need to use the externalFundMove method.

Request Method : POST

Request Parameters

Parameter Required Type Description
clientID yes string Transact API Client ID
developerAPIKey yes string Transact API Developer Key
offeringId yes string Offering ID that is generated by the API when an Offering is created(createOffering).
accountId yes string Account ID of the account that is investing (This account should have one Primary Party)
transactionType yes string Transaction Type as ACH / WIRE / CHECK / creditcard
transactionUnits yes string Number of units/shares to be purchased
createdIpAddress yes string Requested IP Address
field1 no string Additional information relating to the trade. Custom Field 1
field2 no string Additional information relating to the trade. Custom Field 2
field3 no string Additional information relating to the trade. Custom Field 3
RRApprovalStatus no string "Pending", "Approved", "Disapproved", or "Under Review"
RRName no string Some Text
RRApprovalDate no string Approval Date eg: MM-DD-YYYY
PrincipalApprovalStatus no string "Pending", "Approved", "Disapproved", or "Under Review"
PrincipalName no string Some Text
PrincipalDate no string Principal Date eg: MM-DD-YYYY
closeId no string closeId

Sample Request

curl -k -X POST
-d developerAPIKey=somedeveloperkey
-d clientID=someclientid
-d offeringId=55591
-d accountId=A12345
-d transactionType=ACH
-d transactionUnits=20.35
-d field1= Some text
-d field2= Some text
-d field3= Some text
-d RRApprovalStatus= Pending
-d RRName= Some text
-d RRApprovalDate= Approval Date
-d PrincipalApprovalStatus= Pending
-d PrincipalName= Some text
-d PrincipalDate= Principal Date
-d createdIpAddress=
-d closeId=closeId

Response Parameters

Parameter Type Description
statusCode string API Status Code
statusDesc string API Status Description
purchaseDetails string Returns an array of purchase details with transactionId,transactionAmount, transactionDate, transactionStatus

Sample Response

	"statusCode": "101",
	"statusDesc": "Ok",
	"purchaseDetails": [
		true, [{
			"tradeId": "130",
			"transactionId": "476693475244",
			"transactionAmount": "2500.55",
			"transactionDate": "2014-12-09 04:29:29",
			"transactionStatus": "PENDING",
                        "RRApprovalStatus": "Pending",
                        "RRName": "Test",
                        "RRApprovalDate": "09-10-2019",
                        "PrincipalApprovalStatus": "Pending",
                        "PrincipalName": "Test",
                        "PrincipalDate": "09-10-2019",
Click on the "Test it yourself" button to see how it works
Click on the "Error Codes" button to see list of error codes

Custodial Account