SEC Rule 606

Quarterly Order Routing Report


E*TRADE is required by the Securities and Exchange Commission (SEC) to disclose its policies with respect to payment for order flow. According to the SEC, payment for order flow may include monetary payment, reciprocal agreements, services, property, or any other benefit that results in remuneration, compensation, or consideration to a broker-dealer in return for routing of customer order flow and includes exchange rebates and credits.

E*TRADE may participate in payment for order flow programs that result in E*TRADE receiving remuneration, compensation, or consideration for directing orders to broker-dealers, exchanges, and market centers for execution. The source and nature of such compensation received will be furnished upon written request.

E*TRADE is committed to the best execution for our clients regardless of our participation in these programs.


E*TRADE Q1 2020