Payment for Order Flow. Xxxxxx Xxxxxxx & Co., Inc. has consistently handled its customers’ orders with the goal of the best execution at a low cost. In all cases, we seek to direct orders so that they are executed promptly and at the best price. We monitor and compare the quality of executions to comply with both industry regulations and with our business goal of getting the best price for our customers. Xxxxxx Xxxxxxx & Co., Inc. may receive negligible payments for order flow. The various option exchanges may also pay for order flow. We shall continue to direct our option order flow to the market with the tightest spread and most volume, with the help of our agent dealers. Xxxxxx Xxxxxxx & Co., Inc. may share revenue from certain executions based upon a number of factors including, but not limited to: size of the order, the NBBO in the security at the time of execution, time of order entry, whether the order is executable at the time of entry, and whether or not an order is price improved. Xxxxxx Xxxxxxx & Co., Inc. directs a portion of our order flow to our own market-making desk. We stand to realize 100% of profits or losses generated from this order flow while acting as principal. Xxxxxx Xxxxxxx & Co., Inc. engages in proprietary trading, particularly in fixed income securities, and has procedures in place to prioritize and protect customer transactions.
Appears in 4 contracts
Samples: Services Agreement, Services Agreement, Investment Advisory Services Agreement
