Benjamin F. Edwards & Co. (BFE) introduces transactions on a fully disclosed basis to our clearing firm, Pershing LLC. Securities and Exchange Commission Rule 606 requires brokerage firms to provide quarterly reports disclosing order-routing practices. These reports provide information on the routing of “non-directed orders,” any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, our clearing firm has selected the execution venue.

Reports are divided into three sections:

• S&P 500 Stocks
• Non-S&P 500 Stocks
• Options Contracts

Each section identifies the venues most often selected by our clearing firm and lists the percentage of various types of orders routed to the venues. BFE directs 100% of its equity and option order flow to our clearing firm for routing and execution. BFE does not receive compensation for directing order flow to Pershing.

To view BFE’s quarterly Order Routing reports, please click here. Please enter “Benjamin F Edwards & Company Inc” in the text box.