Disclosures (opens in new tab)

We execute all orders solely in an agency capacity. We do not make markets. Depending on which route/destination you select to send your orders to, it may be sent to external venues that include exchanges, alternative trading systems, market centers, and broker-dealers, among other possible venues. The venues you select will execute those orders as riskless principal, principal, and/or net transactions. A “net” transaction is a principal transaction in which a liquidity provider (typically a ...