Apex Clearing definition
Examples of Apex Clearing in a sentence
Apex Clearing Corporation (“Apex”) carries your account as a clearing broker by arrangement with your broker-dealer or registered investment advisor as Apex’s introducing client.
Payment for order flow is considered to be compensation to Apex Clearing.
Absent specific instructions from customers, Apex Clearing automatically routes orders in over-the-counter (“OTC”) securities to selected OTC market makers.
Apex Clearing Corporation may charge your broker and/or investment advisor a fee.
Apex Clearing receives payment for order flow on certain transactions in the form of rebates, monetary compensation or an inter-company transfer of funds.
Your broker and/or the introducing firm that clears its trades through Apex Clearing may or may not be compensated for such orders.
All securities must be endorsed to Apex Clearing Corporation upon delivery.
Any and all notices, statements, demands or other communications hereunder may be given by the undersigned Counterparty to Apex Clearing Corporation in writing to Apex Clearing Corporation, ▇▇▇ ▇.
In addition, as a condition to accessing and using the Services, you must authorize Apex Clearing to share your Personal Information with us pursuant to Section 5.1. Personal Information may include your name, email address, residential address, phone number, date of birth, and taxpayer identification number.
Please read clearing firm, Apex Clearing Corporation’s Margin Disclosure Statement for additional margin information and credit terms & policies.