Order Routing. Consistent with the overriding principle of best execution, Betterment Securities or its agent, using a computerized system, routes orders for listed equity securities to market centers for execution. When an order may be executed in more than one market center, Betterment Securities or its agent takes a number of factors into consideration in determining where to route customers' orders, including, the speed of execution, price improvement opportunities (executions at prices superior to the then prevailing inside market), automatic execution guarantees, the availability of efficient and reliable order handling systems, the level of service provided, the cost of executing orders, whether it will receive cash or non- cash payments for routing order flow and reciprocal business arrangements. Betterment Securities regularly reviews, among other things, the quality of executions received on behalf of its Clients. Pursuant to Rule 606 of the Securities Exchange Act of 1934, quarterly reports that disclose the market venues receiving Betterment Securities order flow in covered securities, as well as the material aspects of each relationship, will be made available on the Website.
Appears in 8 contracts
Samples: Advisory Agreement, Advisory Agreement, Advisory Agreement
Order Routing. Consistent with the overriding principle of best execution, Betterment Securities or its agent, using a computerized system, routes orders for listed equity securities to market centers for execution. When an order may be executed in more than one market center, Betterment Securities or its agent takes a number of factors into consideration in determining where to route customers' orders, including, the speed of execution, price improvement opportunities (executions at prices superior to the then prevailing inside market), automatic execution guarantees, the availability of efficient and reliable order handling systems, the level of service provided, the cost of executing orders, whether it will receive cash or non- cash payments for routing order flow flow, and reciprocal business arrangements. Betterment Securities regularly reviews, among other things, the quality of executions received on behalf of its Clients. Pursuant to Rule 606 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), quarterly reports that disclose the market venues receiving Betterment Securities order flow in covered securities, as well as the material aspects of each relationship, will be made available on the Website.
Appears in 3 contracts
Samples: Brokerage Agreement, Brokerage Agreement, Brokerage Agreement
