EXECUTION QUALITY
E*TRADE Execution Quality Scorecard.
At E*TRADE, we know that execution quality is of utmost importance. That's why we do everything possible to seek best execution each and every time you trade.
% of market order trades executed at or inside the National Best Bid or Offer (NBBO)
% of trades executed at a price better than the prevailing NBBO
Average elapsed time between market order receipt and execution
Share-weighted average between the execution price and midpoint of NBBO (lower is better)
The ratio of the effective spread to the quoted spread at the time of order receipt (lower is better)
- We partner with over 30 market centers for end-to-end control over orders in an effort to provide the highest speed and quality of execution
- With our power E*TRADE Pro platform, you can direct stock orders to the NYSE or to a specific ECN (NSDQ or ARCA)
- 100% of customer options orders are processed using smart order-routing technology to seek the best execution available in the market
Source: Statistics provided by S3 Matching Technologies
S3 is an independent company and not affiliated with E*TRADE FINANCIAL Corp. Statistics displayed represent market orders with share sizes between 100 to 2000 shares, excluding pre-opening orders, orders received during locked, crossed, or fast markets, and destination outages. Individual destination results deemed to be unusual by S3 may be excluded from Industry Averages. Further details provided upon request.