Common use of Payment for Order Flow Clause in Contracts

Payment for Order Flow. Securities which are traded in your Account may be traded in more than one marketplace. Consistent with the principles of best execution and applicable regulatory requirements, you agree that we may use our discretion in selecting the routing destination. We route customer orders for over-the-counter and listed equity securities to selected market makers and exchanges for execution. We are not compensated directly for routing orders to market makers. However, we may receive rebates for providing liquidity to certain exchanges which are credited against the fees charged by those exchanges. We consider a number of factors when determining where to send customer orders including execution speed, price improvement opportunities, the availability of efficient and reliable order handling systems, the level of service provided, and the cost of executing orders. We regularly review transactions for quality of execution. We route customer option orders to selected broker dealers' smart routers and option exchanges for execution. In the event we receive compensation for directing orders to specific market centers for execution, such compensation may include cash payments as well as non-cash items such as discounts, rebates, reductions, or credits against fees that would otherwise be payable in full. We consider a number of factors when determining where to send customer orders including, but not limited to, price improvement opportunities, the availability of efficient and reliable order handling systems, the level of service provided, and the cost of executing orders. We regularly review transactions for quality of execution. The source and amount of any compensation received in connection with your transactions will be disclosed upon written request. Please contact an Investment Professional for further information.

Payment for Order Flow. Securities which are traded in your Account may be traded in more than one marketplace. Consistent with the principles of best execution and applicable regulatory requirements, you agree that we may use our discretion in selecting the routing destination. We route customer orders for over-the-counter and listed equity securities to selected market makers and exchanges for execution. We are not compensated directly for routing orders to market makers. However, we may will receive rebates for providing liquidity to certain exchanges which are credited against the fees charged by those exchanges. We consider a number of factors when determining where to send customer orders including execution speed, price improvement opportunities, the availability of efficient and reliable order handling systems, the level of service provided, and the cost of executing orders. We regularly review transactions for quality of execution. We route customer option orders to selected broker dealers' smart routers and option exchanges for execution. In the event we receive compensation for directing orders to specific market centers for execution, such compensation may include cash payments as well as non-cash items such as discounts, rebates, reductions, or credits against fees that would otherwise be payable in full. We consider a number of factors when determining where to send customer orders including, but not limited to, price improvement opportunities, the availability of efficient and reliable order handling systems, the level of service provided, and the cost of executing orders. We regularly review transactions for quality of execution. The source and amount of any compensation received in connection with your transactions will be disclosed upon written request. Please contact an Investment Professional for further information.

Payment for Order Flow. Securities which are traded in your Account may be traded in more than one marketplace. Consistent with the principles of best execution and applicable regulatory requirements, you agree that we may use our discretion in selecting the routing destination. We route customer orders for over-the-counter and listed equity securities to selected market makers and exchanges for execution. We are not compensated directly for routing orders to market makers. However, we may will receive rebates for providing liquidity to certain exchanges which are credited against the fees charged by those exchanges. We consider a number of factors when determining where to send customer orders including execution speed, price improvement opportunities, the availability of efficient and reliable order handling systems, the level of service provided, and the cost of executing orders. We regularly review transactions for quality of execution. We route customer option orders to selected broker dealers' ’ smart routers and option exchanges for execution. In the event we receive compensation for directing orders to specific market centers for execution, such compensation may include cash payments as well as non-cash items such as discounts, rebates, reductions, or credits against fees that would otherwise be payable in full. We consider a number of factors when determining where to send customer orders including, but not limited to, price improvement opportunities, the availability of efficient and reliable order handling systems, the level of service provided, and the cost of executing orders. We Form - July 2023 ACCOUNT AGREEMENT | Page 9 of 20 regularly review transactions for quality of execution. The source and amount of any compensation received in connection with your transactions will be disclosed upon written request. Please contact an Investment Professional for further information.