SEC-Required Report on Routing of Customer Orders
Pursuant to the U.S. Securities and Exchange Commission (“SEC”) and SEC Rule 606, certain broker-dealers, including Assent LLC (“Assent”), are required to identify and post on its website quarterly disclosure reports for their most significant execution venues for certain types of “non-directed” customer orders (i.e., any order that a customer has not specifically instructed to be routed to a particular venue for execution). According to the SEC, the quarterly reports relating to order routing are intended to provide a general overview of a broker-dealer's practices that is accessible and useful to individual investors. As Assent is a broker-dealer whose customer base is primarily comprised of professional and institutional traders who, for the most part, actually choose their own execution venues via a front-end execution system, the vast majority of Assent’s orders are not “non-directed” customer orders.
Assent’s quarterly order routing report is divided into four sections: one for securities listed on the New York Stock exchange, one for securities listed on The NASDAQ Stock Market, one for securities listed on the American Stock Exchange or regional exchanges, and one for exchange-listed options. For each section, this report identifies the venues most often selected by Assent, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Assent’s relationship with the venues.
If you are a customer of Assent and would like additional information on our order routing polices and procedures and how they pertain to your account, please call the Branch Office Manager associated with your Assent account. Assent shall, upon customer request, disclose the identity of the venue to which the customer's orders were routed for execution within the six months prior to the request, including whether the orders were directed orders or non-directed orders, time of the transactions, and other salient information.
Note, we have made every attempt to prepare these statistics in compliance with SEC rules. However, these statistics have not been audited and may contain errors. Accordingly, any decision about whether to open an account at Assent should not be based solely on these statistics, but on an evaluation of Assent’s full range of provided services.
Pursuant to the U.S. Securities and Exchange Commission (“SEC”) and SEC Rule 606, certain broker-dealers, including Assent LLC (“Assent”), are required to identify and post on its website quarterly disclosure reports for their most significant execution venues for certain types of “non-directed” customer orders (i.e., any order that a customer has not specifically instructed to be routed to a particular venue for execution). According to the SEC, the quarterly reports relating to order routing are intended to provide a general overview of a broker-dealer's practices that is accessible and useful to individual investors. As Assent is a broker-dealer whose customer base is primarily comprised of professional and institutional traders who, for the most part, actually choose their own execution venues via a front-end execution system, the vast majority of Assent’s orders are not “non-directed” customer orders.
Assent’s quarterly order routing report is divided into four sections: one for securities listed on the New York Stock exchange, one for securities listed on The NASDAQ Stock Market, one for securities listed on the American Stock Exchange or regional exchanges, and one for exchange-listed options. For each section, this report identifies the venues most often selected by Assent, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Assent’s relationship with the venues.
If you are a customer of Assent and would like additional information on our order routing polices and procedures and how they pertain to your account, please call the Branch Office Manager associated with your Assent account. Assent shall, upon customer request, disclose the identity of the venue to which the customer's orders were routed for execution within the six months prior to the request, including whether the orders were directed orders or non-directed orders, time of the transactions, and other salient information.
Note, we have made every attempt to prepare these statistics in compliance with SEC rules. However, these statistics have not been audited and may contain errors. Accordingly, any decision about whether to open an account at Assent should not be based solely on these statistics, but on an evaluation of Assent’s full range of provided services.
