SEC Order Disclosure
The U.S. Securities and Exchange Commission’s Rule SEC 606 requires all brokers/dealers that route equity orders and option securities to make available a quarterly report that outlines their routing practices. The report must outline venues used to route client orders during the quarter and disclose the material aspects of the broker’s/dealer’s relationship with those venues. TD Ameritrade routes client orders to its affiliate, TD Ameritrade Clearing, Inc. (“TD Ameritrade Clearing”) and to third party market venues for execution. TD Ameritrade Clearing does not execute client orders, but rather, routes the orders to third party execution venues. TD Ameritrade’s Rule 606 report details its routing practices and TD Ameritrade Clearing’s Rule 606 report provides further details about its routing practices for the orders it receives from TD Ameritrade.
View TD Ameritrade Clearing, Inc.’s SEC 606 Order Disclosure
View TD Ameritrade, Inc.’s SEC 606 Order Disclosure