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,
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