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Disclosure Information:
Legent Clearing LLC assesses the quality of the markets to
which it routes order flow in order to obtain the best
execution on behalf of its correspondent's clients. In
return for routing an order to a specific market center,
we may receive cash payment or favorable adjustments on
trade errors. Legent Clearing LLC may receive payment for
directing order flow to the following firms on certain
NASDAQ and listed market and marketable limit orders that
are executed at the national best bid or offer (NBBO).
Interactive Brokers
Archipelago
Citigroup
Payment may be received at rates from 0.00 cents up to
0.01 cents per share depending on the stock and type of
order.
Fixed Income Securities, LP
Payment may be received from $0.00 to $0.50 per bond,
note, bill, CD or other fixed income security.
All customer orders regardless if payment for order flow
is possible are sent to market centers that will execute
eligible market and marketable limit orders at prices no
worse than the displayed NBBO. Each of these market
centers provides the opportunity for execution of these
orders at prices better than the NBBO when the spread
between the bid and the ask price is greater than the
minimum variant (usually 1 cent).
The source and amount of any compensation received in
connection with a transaction and any additional
information concerning order flow payment will be
disclosed upon written request.