“Securities and Exchange Commission Rule 606 of Regulation NMS requires all broker-dealers to make publicly available a quarterly report with regard to their order routing practices for non-directed orders. The Rule excludes from the quarterly report those orders that are directed by a customer to a particular exchange or market for execution.”
“Certain venues that brokerage firms route orders to, such as exchanges, charge execution fees or provide rebates based upon whether routed orders take liquidity from, or provide liquidity to, the venue. In addition, certain venues, including exchanges, have various volume-based tiered pricing/payment schedules pursuant to which brokerage firms may receive incremental pricing benefits based upon the aggregate trading volume routed to the venue (including volume not associated with customer orders).”
Centerpoint Securities: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Cobra Trading: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Guardian Trading: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Lightspeed: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Opal Securities: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Sage Trader: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
SpeedTrader: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Success Trader: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
Think Alpha: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
TradeZero: Regulation NMS - Rule 606 - Disclosure of SEC Required Held Order Routing Information
