Customer Order Routing Report for Q3 2016
SEC-Required Report on Routing of Customer Orders for Quarter Ending September 30, 2016
Firstrade Securities Inc. ("Firstrade") has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, Firstrade has selected the execution venue on behalf of its customers.
The report is divided into four sections: one for securities listed on the New York Stock Exchange, one for securities listed on The Nasdaq Stock Market, one for securities listed on the American Stock Exchange and regional exchanges, and one for exchange-listed options. For each section, this report identifies the venues most often selected by Firstrade, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Firstrade's relationship with the venues.
Click here to download the report in PDF format.
A written copy of this report will be furnished upon request. In addition, information regarding the specific routing or any orders executed for your account for the previous six (6) months will be furnished upon request. Questions regarding this report should be addressed to the Firstrade Compliance Department.