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Disclosure of Order Execution and Routing Practices

The Securities and Exchange Commission’s client disclosure rule, SEC Rule 11Ac1-6, requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present a general overview of their routing practices.  As an introducing broker, Online Brokerage Services, Inc. relies on its clearing firm, Penson Financial Services, for quality execution services. All order routing of transactions is directed through our clearing firm, Penson Financial Services, relying on its best execution review in determining the best available market or venue to route client orders. 

To view the most recent and previous order routing reports filed by Penson Financial Services,

Click Here.




The risk of loss in electronic trading can be substantial, you should therefore consider whether such trading is suitable for you based on your individual circumstances and financial resources. Account access, trade execution and system response may be adversely affected by market conditions, quote delays, system performance and other factors. Extended hours trading entails several risks including lower liquidity, higher volatility, wider spreads, changing prices, unlinked markets, news and announcements. Not all securities, products or services are available in all states or countries outside the United States and nothing herein should be deemed as an offer or solicitation of these securities, products and services in any jurisdiction in which Online Brokerage Services is not properly licensed and registered.

Online Brokerage Services, Inc. reserves the right to refuse the transfer of funds from a brokerage account to another account, other than that which was used as the brokerage account's original source of funding. Online Brokerage Services, Inc. will not allow for third-party funding. Funds are subject to a minimum holding period of thirty (30) days upon initial funding of account.


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