 Azroc Securities |
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| B.O.E. Securities |
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| Blaylock Robert Van |
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| Bley Investment Group |
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| Cabrera Capital Markets |
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| CastleOak Securities |
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| Divine Capital Markets |
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| East/West Securities |
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| Finacorp Securities |
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| Greentree Brokerage Services |
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| Ivy Securities |
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| Jackson Securities |
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| Penserra Securities |
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| M. R. Beal & Co. |
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| MAGNA Securities Corp. |
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| Melvin & Co. |
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| MultiTrade Securities |
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| Pacific American Securities |
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| Podesta & Co. |
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| Ramirez & Co. |
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| Reynolds Securities |
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| The Williams Capital Group |
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| Zepeda & Co. |
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Description of Firm
In which products/markets is your firm engaged?
To which trading venues does your firm have access?
To what types of algorithms does your firm have access?
How many full-time traders do you employ, and what is their average experience?
Which public or corporate pension plans have approved your firm for trading?
Detail your order management and execution technology.
How does your firm accept orders electronically?
What types of relationships do you have with other brokers?
What is your average negotiated commission rate for equities?
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Azroc Securities is a minority-owned, Pennsylvania-based broker/dealer which provides institutional equity trading of all NYSE and NASDAQ stocks. Our investor client base includes equity fund managers, pension funds and corporate investors. Certification: Minority-Owned Business | BOE Securities provides institutional investors with a nontraditional approach to traditional research. BOE Securities takes an independent thinker's approach, often serving as Fundamental Research Consultants. Certification: Minority-Owned Business | Full-service broker-dealer providing debt and equity corporate underwriting needs, and domestic and international electronic trading platforms; proprietary research model delivered via desktop for equity portfolio managers. Certification: Minority-Owned Business | Institutional trading and research services. Certification: Woman-Owned Business | Cabrera Capital Markets, LLC is a full service broker dealer headquartered in Chicago's financial district. The firm specializes in the institutional execution of domestic and international securities. We provide a range of services worldwide to a substantial and diversified client base that includes financial institutions, unions, governments, corporations, hedge funds and foundations/endowments. We consistently aim to anticipate the rapidly changing needs of our clients and then provide innovative and creative solutions to those needs. Cabrera Capital Markets is certified as a Minority Business Enterprise (MBE). In addition to the MBE status, Cabrera Capital Markets is the only Hispanic-owned broker-dealer that is headquartered in the Midwest. The areas of focus are: Domestic & International equity sales, trading and execution; Transition Management; Directed Brokerage/ Commission Recapture program; Taxable fixed income products underwriting, sales, and trading; and Municipal bond underwriting, sales, and trading. | CastleOak Securities is an agency brokerage firm established with Cantor Fitzgerald as its strategic partner. We utilize state-of-the-art trading technology, employing customized algorithms for electronic execution of trading strategies on behalf of our clients. Certification: Minority-Owned Business | Divine Capital Markets is a boutique institutional brokerage firm with expertise in trading, research and investment banking. We are recognized for providing institutional portfolio managers, corporations, pension plan sponsors, hedge funds and a short list of accredited investors with high-quality trading strategies, research, consulting services and private wealth management. Divine Capital Markets is a certified WBENC firm. Certification: Woman-Owned Business | We have been a minority broker for more than 25 years, and have excellent trading capabilities and individualized research. Certification: Minority-Owned Business | We are a technology-driven broker-dealer dealing in equity and fixed-income trading. We service large and midsize institutional accounts (municipalities, institutional money managers, pension funds, banks, trusts, insurance companies, etc.). Our service model is one of providing technology to our clients through a seasoned sales force. This year will mark our 14th year in business as a FINRA broker-dealer. Certification: Minority-Owned Business | Greentree offers execution and related product and services to institutional investors, portfolio managers and traders. We deliver a number of tools that aid our customers. We do not take a one size fits all approach implied by traditional research material. We design portfolio specific tools, investment ideas and alternatives using equities, derivatives and fixed income products. | Ivy Securities is a minority-owned equity brokerage firm. We provide full-service sales and trading for all NYSE and OTC stocks. Our investor base includes large institutional equity fund managers, pension funds, hedge funds, and small to midsize institutional investors. Certification: Minority-Owned Business | Broker-dealer. Certification: Minority-Owned Business | Penserra Securities works with institutional clients to execute single stock and program trades in both listed and OTC stocks as well as international equities. At Penserra, we understand that effective trading strategy is borne from innovative thinking and clear communication with our clients. We also offer transition management, corporate buyback programs, and execution analysis (TCA). | M.R. Beal & Co. is in its 19th year of providing investment banking services to municipal, federal, corporate and not-forprofit clients. Headquartered in New York, the firm operates through a network of offices: Chicago, where our equity desk is located; Sacramento; and Dallas-Ft. Worth. The firm consistently ranks among the nation's top 20 underwriters. Certification: Minority-Owned Business | MAGNA is a FINRA registered broker-dealer member firm that provides institutional brokerage services. The firm is headquartered in Manhattan. MAGNA's primary line of business is providing best execution for institutional accounts on exchange-listed and Nasdaq-traded equities on an agency basis. The firm specializes in commission management services. Certification: Woman-Owned Business, Minority-Owned Business | Melvin & Co. is a Chicago-based institutional research and trading firm. We have a track record of more than 18 years of securities trading and underwriting, serving institutional clients of all sizes. The firm is currently one of the nation's premier boutique securities firms with a wide variety of services. Certification: Minority-Owned Business | Latino-owned, institutional, agency-only broker-dealer. MultiTrade was founded in 1999. Certification: Minority-Owned Business | A full-service institutional broker-dealer. Certification: Woman-Owned Business, Minority-Owned Business | Podesta is a certified WBE established in 1982 headquartered in Chicago. Podesta provides the following business services: Institutional Equity and Program Trading,Municipal Bond Underwriting and Sales,Financial Advisory,Private Client Brokerage and Wealth Management
Member of FINRA,SIPC,MSRB,SIMFA. Certification: Woman-Owned Business | Samuel A. Ramirez & Co. is a full-service securities firm serving the investment needs of individuals, business owners, institutional investors and government agencies. Founded in 1971, Ramirez provides retail and institutional trading expertise in Tax-Free Municipal Bonds, Equities, Government Bonds, Corporate Bonds and Alternative Investments. Certification: Minority-Owned Business | Agency brokerage. Certification: Minority-Owned Business | The Williams Capital Group is an investment bank that serves institutional investors and corporations in the fixedincome and equity capital markets. Founded in 1994, the firm is a member of FINRA and SIPC. The firm trades and distributes commercial paper and other money market instruments, corporate debt, municipal securities, government agency notes, and domestic and international equities. Certification: Minority-Owned Business | Zepeda & Co. (ZCI) is a registered broker-dealer/investment banking firm. The firm's focus is on small to medium-size companies. ZCI services a broad client range, including foreign and domestic corporations, financial institutions, governments, and high-net-worth individuals. In the near future will offer services in sales and trading, in collaboration with a major Wall Street firm. Certification: Woman-Owned Business, Minority-Owned Business | |
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Equities: Developed Markets, International, Domestic | Equities: Domestic. | Equities: Emerging Markets, Developed Markets, International, Domestic. Fixed Income: International, Corporate, High Yield, Municipals, Asset-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. | Equities: International, Domestic. Fixed Income: Municipals, U.S. Agency, U.S. Treasury. | Equities: International, Domestic. Fixed Income: Corporate, Municipals, Investment Grade Corporate, U.S. Agency, U.S. Treasury | Equities: Emerging Markets, Developed Markets, International, Domestic. Fixed Income: Corporate, High Yield, Municipals, Asset-Backed, Mortgage-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. Futures/Options. Foreign Exchange. | Equities: Developed Markets, International, Domestic. Futures/Options. | Equities: Emerging Markets, Developed Markets, International, Domestic. | Equities: Domestic. Mortgage-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. | Equities: International,Domestic. Fixed Income:Mortgage-backed, U.S. Agency, U.S. Treasury. Futures/Options. | Equities: Emerging Markets, Developed Markets, International, Domestic. | Equities: International, Domestic. Fixed Income: Corporate, Municipals, Mortgage-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. | Equities: Emerging Markets, Developed Markets, International, Domestic. | Equities: Emerging Markets, Developed Markets, International, Domestic. Fixed Income: Corporate, Municipals, Asset-Backed, Mortgage-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. | Equities: Emerging Markets, Developed Markets, International, Domestic. Fixed Income: Corporate, Municipals, Asset-Backed, Mortgage- Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. Futures/Options. Foreign Exchange. | Equities: Emerging Markets, Developed Markets, International, Domestic. Fixed Income: Corporate, Municipals, Asset-Backed, Mortgage-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. Futures/Options. Foreign Exchange. | Equities: Emerging Markets, Developed Markets, International, Domestic. Fixed Income: International, Corporate, High Yield, Municipals, Asset- Backed, Mortgage-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. Futures/Options. | Equities: International, Domestic. Fixed Income: Corporate, Municipals, Investment Grade Corporate, U.S. Agency, U.S. Treasury. | Domestic Equities, International Equities, Municipals | Equities: International, Domestic. Fixed Income: Corporate, High Yield, Municipals, Asset-Backed, Mortgage-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. | Equities: Emerging Markets, Developed Markets, International, Domestic. Fixed Income: Corporate, High Yield, Municipals, Asset-Backed, Mortgage- Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. | Equities: Domestic. Fixed Income: Corporate, Municipals, Asset-Backed, Mortgage-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. | Equities: Emerging Markets, Developed Markets, International, Domestic. Fixed Income: International, Corporate, High Yield, Asset-Backed, Mortgage-Backed, Investment Grade Corporate, U.S. Agency, U.S. Treasury. Futures/Options. Foreign Exchange. | |
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Access to major exchanges and market centers, several ECNs and dark pools. | ITG Triton, Banc of America. | We have access to all listed exchanges, OTC and dark pools. | Member of Nasdaq, AMEX, NYSE ARCA, dark pools, European and Canadian markets. | Multiple algos, dark pools, ecns, direct market access. | Electronic access to all market centers, as well as numerous ECNs and dark pools. | All electronic systems, floors and liquidity systems for stocks and options. | Any desired venues through Ridge Clearing, a major clearing firm. | Access to NYSE and all major ECNs. | NYSE, AMEX, PHLX, CBOE, CBSX, INET, Darkpools. | We use ITG and NYFIX, with execution capabilities to all the major exchanges. | Direct floor access to NYSE and AMEX; Firefly trading platform with access to numerous algorithms; Dot; Nasdaq; ATD. | We access an extensive series of algorithms, dark pools, ECNs, and the major exchanges. | All major exchanges, multiple ECNs and various dark pools. | Bridge Trading, Bloomberg, Instinet, NYFIX, DOT Machine, Pershing, Nasdaq, Act Terminal, ITG Basket Trading, Oasys System, Global Oasys Alert System, Posit. | All major U.S. and international exchanges, and multiple dark pools. | Extensive electronic access to liquidity points, ECNs, algorithms and dark pools. | NYSE Market, NYSE Arca, Amex, Nasdaq, TSX. | A full suite of Algo's Dark Pools, ECN's,DMA | Access to the major exchanges, ECNs and dark pools. | All electronic and regional exchanges. | NYSE, MWSE, ASE, ECNs. | The Tradition Group, one of the largest inter-bank broker-dealers globally. | |
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Multiple algorithms, including but not limited to, VWAP, Market on open and close, dollar cost averaging, time-slicing, percentage of volume, 10 b-18 | ITG, Banc of America. | Full suite of algos, including VWAP, TWAP, arrival price; 10B-18, dark pool (smart order route technology). | Dark Pools -- FAN, VWAP, TWAP, Percent of Volume, and more than 5 others. | Multiple algos are available. | Our trading desk utilizes the following algorithms/strategies: Dollar Neutral, VWAP, Arrival Price, Pairs, Percentage-of-Volume, Risk Arbitrage, Corporate Buyback. | Many. | Algorithms are available through our correspondents and clearing firm. | SuperDot, EDGX, Autopilot, ATD. | Vwap, Twap, Time Slice, Percentage. | We have access to algorithms provided by ITG and NYFIX. | VWAP, TWAP, AP, TVOL, 10b-1, OSM, customized. | We access an extensive array of algorithms and are constantly evaluating new ones to provide the best solutions for various trading strategies. | VWAP, TWAP, Percent of Volume, Targeting Current Days Close, Tiered Participation, Dynamic Dark Pool Programs that also access displayed liquidity. | VWAP, TWAP, Two-Sided Trading (dollar-neutral, market-neutral, betaneutral), Implementation Shortfall and Buy-Back. In addition, we can access the algos from all major algorithmic desks via Bloomberg. | We have access to multiple algorithms, including VWAP, TWAP, Corporate buy-backs, and others. | VWAP, TWAP, Implementation Shortfall, Percentage of Volume, Closing Price, Scaling. Working to increase the number of algos we offer. | VWAP, Implementation Shortfall, time slice algos, dark algos, liquidity-based algos. | A full suite of Algo's including access to Dark Pools. | 12 algorithms that range from passive to very aggressive. We have market volume participation algos and a very popular buy-back algo. We also customize algos. | VWAP, TWAP, Dark Pools, Intelligent Routing. | VWAP, TWAP, Market on Close, Market on Open, Dollar Cost Averaging, FutureTrade Algorithms. | N/A | |
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4 traders, each averaging more than 20 years trading experience. | 2 traders with an average of 3 years of trading experience. | 10 full-time traders with 15 years average experience. | 2 full-time traders with 13 and 25 years of experience. | 4 dedicated traders and 3 sales people with avg of 15 years experience. | CastleOak's equity team consists of four full-time traders with an average of 15 years of industry experience. | 13 full-time traders with an average of 7 years of experience. | 5 traders with more than 20 years of average trading experience. | 6 full-time traders with 19 years of average trading experience. | 3 traders with average 16 years experience. | 3 full-time traders on the desk with average experience of 16 years. | 3 traders with 18 years of average experience. | 3 Traders with an average of 10 years experience. | 3 traders with 30 years of average experience. | 13 full-time traders with an average of 10 years of experience. | 4 full-time traders. | 3 traders; 24 years of average trading experience. | 7 full-time traders with an average of 20 years of experience. | Podesta employs three full time traders and one part time. Average years of experience 18 years. | 12 full-time traders with an average of more than 17 years of experience. | 3 full-time traders. | 3 equity and 3 fixed-income traders on a full-time basis with 15 years of average experience. | 3 traders with 15 years of average experience. | |
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Not currently | Chicago Firemen's Annuity & Benefit Fund, Chicago Policeman's Annuity & Benefit Fund, Chicago Transit Authority Employee's Retirement System, Chicago Park District, Cook County Annuity & Benefit Fund, D.C. Retirement Board, Illinois Municipal Retirement System, Illinois State Board of Investment, Los Angeles City Employees Retirement System. | State of California (CalPERS), State of California Teachers (CalSTRS), City of San Francisco Retirement, Oakland Police and Fire, Alameda County Retirement, East Bay Municipal Utility District, Los Angeles County Retirement, Tennessee Retirement, Illinois Teachers, New York Common Retirement Fund. | CalPERS, CalSTRS, Los Angeles City (ERS), NYC Pension Plans, New York State Funds, Maryland, ILSURS, Illinois Teachers, Texas Teachers, Permanent School Fund of Texas, Texas Safekeeping Trust, and the Comptroller's Office, DFW Airport; Funds in Pennsylvania, Connecticut, Massachusetts, Florida and Texas, among others. | N/A | Teachers' Retirement System of the State of Illinois, Chicago Public School Teachers' Pension and Retirement Fund, Connecticut Retirement Plans & Trust Funds, State University Retirement System of Illinois (SURS), Illinois Municipal Retirement Fund, California State Teachers' Retirement System (CalSTRS), State Teachers' Retirement System of Ohio (STRS Ohio), Los Angeles City Employee Retirement System (LACERS). | California Public Employees Retirement System, New York State, New York City, Teacher's Retirement System of the State of Illinois, Public School Teachers' Pension and Retirement Fund of Chicago, Maryland State Retirement System, City of Philadelphia Board of Pensions & Retirement. | Maryland Retirement, Pennsylvania Retirement, NY State Retirement and other sponsors. | Kentucky Retirement, CalSTRS, CalPERS, LACERS, L.A. Fire & Police, Illinois State Board of Investments, Chicago Teachers' Pension Fund, Ill. Municipal Retirement Fund, State Universities Retirement System, Teachers' Retirement System of Ill., Commonwealth of Massachusetts, State of Ohio, Philadelphia Public Employees Retirement System, New York City Retirement Systems. | PA, DC, IL, NYC, NJ, IN | Information provided upon request. | Ill. Teachers, Chicago Municipal, Ill. Municipal Retirement Fund, Chicago Police, Chicago Fire, TX Teachers, Tennessee Consolidated, CalPERS, CalSTERS, NY City Retirement. | We have been approved by several large pension plans. | Atlanta Pension Funds, California Public Employees Retirement System, California State Teachers Retirement System, Chicago Fireman's Annuity & Benefit Fund, Chicago Laborers Employees' Annuity & Benefit Fund, Chicago Municipal Employees Annuity and Benefit Fund, Chicago Park Employee's Annuity & Benefit Fund, Chicago Policemen's Annuity & Benefit Fund. (For full list, see online Directory.) | Please make the request for MAGNA's Commission Recapture and MBE/WBE list via e-mail to patwinans@magnasecurities.com. | Boston Retirement Board, CalSTERS, CalPERS, Chicago Housing Authority Pension Fund, Chicago Fireman A & B Fund, Chicago Laborers' & Retirement A & B Fund, Chicago Park District A & B Fund, Chicago Policemen's A & B Fund, Chicago Transit Authority Pension Fund, Connecticut Retirement Fund System. (For full list, see online Directory.) | Not published. | CalSTERS, Philadelphia Board of Pensions, City of New York Funds, Illinois Municipal Retirement Fund, Illinois State Board of Investment, State Universities Retirement System of Illinois, Teachers' Retirement System of Illinois, Ohio Public Employees Retirement System, State Teachers Retirement System of Ohio. | Podesta is certified in City of Chicago,County of Cook and State of Illinois. Doing business with the following Pension Funds: Cook County Employees; Illinois Municipal Employees; Illinois State University; Teachers Retirement Fund; Chicago Teachers Pension Fund; Metropolitan Water Reclamation; Chicago Fireman; Chicago Police; Illinois State Board of Investments; State of Michigan; Illinois Finance Authority | CalPERS, CalSTERS, NY State Commons, NY State Teachers, NYC Teachers, City of New York, State of Texas, City of El Paso, New Mexico Finance Authority, Texas Teachers, City of Houston, Miami-Dade County, Philadelphia Redevelopment Authority, Chicago Teachers, Illinois State Board of Investment, and many others. | NYC, NYS, PA, DE state plans. | We have been approved by about 15 pension plans for trading. | LACERS, CalPERS. | |
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We are approved by various public funds throughout the U.S. For a complete listing, please send an e-mail request to squinn@azrocinc.com | BOE Securities uses tools such as the ITG Triton system, which allows us to offer more options to satisfy the liquidity requirements of our diverse client base. BOE Securities maintains the ability to efficiently communicate executions via the FIX protocol, essentially making us an extension of our clients' trading desks. | We use Tradeware OMS, and our execution platforms are Sonic, Firefly and Lava. | Think Pipes OMS; access to more than 10 algorithms. | N/A | Our equity desk utilizes InfoReach TMS EMS supporting electronic execution, including a full-featured FIX Engine supporting FIX Protocol 4.0 and above, FIXML, and cross referencing of global securities using CUSIP, SEDOL and ISIN identifiers. | Our proprietary system connects to all market makers, ECNs, floors and pools of liquidity. We provide real-time access to all markets with one seamless application. Our connectivity solutions -- built in compliance with FIX -- ensure simultaneous connectivity to all major ECNs and exchanges in the U.S. | Through Ridge Clearing we trade directly on the floor; Merrill Lynch, Citigroup and Goldman Sachs trade directly on the floors and award us give-ups. | We are connected to ECNs and clients. We can route and report all reports electronically. | We use TradeWare as our OMS. | Our NYFIX Fixtrader can connect with NYFIX, Traderoute, Macgregor, ESI Teamtrader, SunGard, Bridge, Bloomberg, ITG, etc. We also use ITG's execution platforms. We have access to dark pools such as NYFIX Millennium and POSIT. | For order management we utilize NYFIX Fix Trader, Broker to Broker, Firefly. Direct access to floor broker via handhelds; desktop access to DOT, ATD. | We use an OMS platform that accommodates both U.S. and International equities, receives orders electronically or manually, and has built in compliance functionality. Our EMS technology has seamless connectivity with the OMS platform and is able to electronically route orders to an extensive set of algos, dark pools, ECNs, and major exchanges. | Thinklink OMS; RealTick Baskets; access to suites of algorithms from Merrill Lynch, Lehman Brothers, CSFB and Edgetrade, among others. | We utilize Bloomberg Sell Side Equity Order Management System (SSEOMS), an electronic order management platform that allows us to execute single orders, basket orders, import orders as well as aggregate orders, filter orders and export executions. | We receive single orders from customers via FIX protocol into our MIXIT OMS. From there our traders can find liquidity from multiple destinations. | Among others, we use Bloomberg OMS, Neovest and CMA Series 4, and we participate in a number of order-routing trading hubs. | OMS Systems: thinkorswim Technologies, ITG Triton, Market Center or Bloomberg. Listed floor brokers or the DOT system, Nasdaq, Instinet, ARCA and Posit. FIX connectivity networks include ITG Net, TNS, Charles River and SunGard. | We clear through Mesirow Financial. Our OMS is Beta. Execution platform via Thinklink | N/A | FIX-based algorithmic. | We use Tradeware as our OMS. We receive orders by FIX into Tradeware and send orders directly to the floor of the NYSE or into an algorithm electronically. | N/A | |
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FIX, Excel Spreadsheet | FIX, Excel Spreadsheet | Excel Spreadsheet | FIX, Excel Spreadsheet | Excel Spreadsheet | FIX, Electronic bulletin board (flat file), Excel Spreadsheet | FIX, Excel Spreadsheet | Varies by client need. | FIX, Excel Spreadsheet | FIX, Excel Spreadsheet. | Excel Spreadsheet | NYFIX, Excel Spreadsheet | FIX, Electronic bulletin board (flat file), Excel Spreadsheet. | FIX, Electronic bulletin board (flat file), Excel Spreadsheet | NYFIXor Bloomberg Sell Side Equity Order Management System, Electronic bulletin board (flat file), Excel Spreadsheet | FIX, Electronic bulletin board (flat file), Excel Spreadsheet | FIX, Excel Spreadsheet | FIX, Excel Spreadsheet | Excel Spreadsheet, We accept orders via fixed connectivity or Excel spreadsheet. | FIX, TNS, Bloomberg and other FIX communication venues, Electronic bulletin board (flat file), Excel Spreadsheet | FIX, Electronic bulletin board (flat file), Excel Spreadsheet | FIX, Excel Spreadsheet | N/A | |
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Clearing relationship with National Financial Services (NFS), Give ups, Clearing, Introducing, Execution | Give-Ups, Clearing, Introducing, Execution. | Clearing, Introducing, Execution. | Correspondent relationships with Citigroup Global, Knight and Capital Institutional Services (CAPIS), among others; Clearing. | Introducing, Execution. | Clearing, Introducing, Execution. | Clearing, Introducing, Execution. | Clearing, Introducing, Execution. | Give-Ups, Clearing, Execution. | Clearing. | Give-Ups, Clearing, Introducing, Execution. | Clearing, Introducing, Execution. | Clearing, Introducing, Execution | Commission-Sharing Agreements (CSA) with several firms, Clearing, Introducing. | Commission-Sharing Agreements, Give-Ups, Clearing, Introducing, Execution. | Give-Ups, Clearing, Introducing, Execution. | Give-Ups, Clearing, Introducing, Execution. | Execution. | Execution, Introducing, Clearing, Give ups | Clearing, Introducing, Execution. | Step-outs, Give-Ups, Execution. | Give-Ups, Execution. | Clearing, Introducing, Execution. | |
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Domestic: 2 1/2 cents per share. International: Negotiated basis points depending on the country. | Domestic: 3 cents. | Domestic: 2.5 cents. International: 12 to 14 basis points. | Negotiated. | Domestic: Negotiable from 1-6 cents depending on the nature of the business. | Negotiated. Program trades (100-name minimum, minimum of 1 million shares): $0.01 to $0.00875 per share. Single-stock execution: $0.015 per share. Desk analyst access: $0.02 per share. International: 4 basis points (developed Europe only). Emerging markets: 12 to 14 basis points. | Domestic Equity: $0.005 to $0.03. International: $0.01 to $0.04. | Domestic: 3 cents per share. International: 4 cents per share. | 2.5 cents per share. | 3 cents | Information available upon request. | 3.5 to 4 cents, depending on volume. | Negotiated rates vary depending on market, volume and strategy. | Domestic: 3.5 cents to 1 cent per share. Varies for the international market. | 1.5 cent per share for nonrebate domestic equity trades. For non-U.S., the range is from 5bps to 20bps, depending on the country. | Negotiable. | Varies depending on volume and strategy. | Domestic equities: 3 cents. International equities: 10 basis points. | Negotiated | Negotiated. | Domestic in-line commissions range from 1 cent up to 6 cents. International range is higher per difficulty, ranging from 5 cents up. | Average negotiated commission rate for domestic equities is 3 cents. | Market. | |
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