Enable Java Script

Either your browser does not support JavaScript, or you have JavaScript disabled.
You must have a JavaScript-enabled browser to use this site.

Microsoft Internet Explorer

To turn on JavaScript in Internet Explorer, follow these steps:

  1. On the Tools menu, click Internet Options, and then click the Security tab.
  2. Click the Web content zone that you are using (for example, click Local Intranet),
    and then click Custom Level button.
  3. Locate Active scripting under Scripting settings. Click to select the Enable radio button.
  4. Click OK button on Security Settings and Internet Options windows to save your changes.

To download Internet Explorer 7, click here.


To turn on JavaScript in Firefox, follow these steps:

  1. On the Tools menu, click Options.., and then click the Content tab.
  2. Click to select the Enable JavaScript check box.
  3. Click OK button to save the setting.

To download Firefox 2, click here.


To turn on JavaScript in Safari, follow these steps:

  1. Open Safari
  2. On the Safari menu, click on Preferences.
  3. Click the Security icon.
  4. Click on Enable JavaScript next to the Web Content section if it is not checked
  5. Close the Preferences window
  6. Close and restart Safari.

Opera 9.xx series

To turn on JavaScript in Opera 9.xx series, follow these steps:

  1. Open Opera.
  2. On the Tools menu, click Preferences.
  3. Click Content in the Preferences list.
  4. Check the box next to Enable JavaScript.
  5. Click the JavaScript Options button to open the JavaScript Options box.
  6. Check the boxes that you want to allow.
  7. Click OK.
  8. Click OK.

Google Chrome(v0.4.154.23)

To turn on JavaScript in Google Chrome(v0.4.154.23), follow these steps:

  1. First close any open Chrome windows.
  2. Right click on a blank area of your Desktop.
  3. Select New.
  4. Create a new Shortcut with the following in the "Type the location of the item:" text box:
    • For Windows Vista:
      %userprofile%\Local\Google\Chrome\Application\chrome.exe -enable-javascript
    • For Windows XP:
      "%userprofile%\Local Settings\Application Data\Google\chrome.exe" -enable-javascript
      Note: You'll have to enclose the file path for Windows XP in quotes due to there being spaces in it.





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Employee Stock Options

​​Are you interested in exercising your employee stock options? M&T Securities can help you with cashless, cash and hold, or stock swap exercises. 

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​​​​​​Choose the exercise method that works best for you.  

M&T Securities Brokerage Services can help employees of most publicly traded companies exercise stock options. Whether you wish to exer​​cise In​centive Stock Options or Non-Qualified Stock Options, we offer several methods.​

​​Cashless Stock Option Ex​​ercise

If you would like to exercise your options without using any out-of-pocket funds, consider one of the fol​​​​lowing: ​​

​​Exercise & Sell the Stock

The option exercise and subsequent sale of stock are virtually simultaneous transactions. The net proceeds available are calculated by subtracting the exercise cost, the commission cost​ and any applicable taxes from the proceeds of the sale of stock.​​

​​Exercise & Sell to Cover 

This cashless method allows you to sell only enough shares of the stock from the option exercise to cover the total exercise costs, commission and applicable taxes. The remaining shares are retained in your brokerage account.

​​Exercise & Hold the S​tock 

This method requires you to be approved for margin trading. As long as the exercise meets our clearing firm's margin requirements, the margin loan covers the total cost of the exercise and applicable taxes. The debit balance created by the margin loan is subject to monthly margin interest. The shares are retained in your brokerage account.

Cash Exercise & Hold

You pay the total cost of the exercise plus applicable taxes. Shares are then retained in your brokerage account.​

​Stock Swaps

Use pre-owned shares of the stock you are exercising to pay for all or part of the purchase price plus any applicable taxes. Please note that this method is subje​ct to specified guidelines established by the issuer.​

​​Tax Considerations with Employee Sto​​​​ck Options

Employee stock options can be complicated, and the tax implications of exercising them can be significant. M&T Securities Brokerage Services does not provide tax advice on employee stock options. Please speak with your tax advisor prior to entering an order for the exercise of incentive options.​