Disclosure of Order Routing Practices
SEC Rule 11Ac1-6: Disclosure of Order Routing Practices
In order to improve public disclosure of order execution and routing practices, the Securities and Exchange Commission requires all broker/dealers that route orders in equity and options securities to make publicly available quarterly reports about the routing of customer orders.
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 or regional exchanges, and one for exchange-listed options. For each section, this report identifies the venues most often selected by the broker/dealer, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of the broker/dealer’s relationship with the venues.
For your convenience, you may access the following link: www.orderroutingdisclosure.com.