Scottrade Trade Quality and Execution

Trading Execution

Scottrade monitors the execution quality of all the trading centers to assess whether the trading center is providing our customers best execution. Scottrade uses various monitoring methods. These methods include a daily order-by-order exception report analysis. They also include a post trade date regular and rigorous review of execution quality. We perform this regular and rigorous review by analyzing statistics from Thomson Transaction Analytics and by reviewing the output of our proprietary patent-pending algorithm, the Scottrade Best Execution Index or SBI�.

* defined in SEC rule 605

At or Better

The At or Better percentage reflects the number of trades that were executed at or within the National Best Bid or Offer (NBBO). As part of Scottrade's commitment to quality executions, we strive to get the best price for all your executions. The At or Better percentage is an important component of overall execution quality because it measures how often you get the price you are expecting, or a better price than you are expecting.

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At or Better Percentage analysis is based on statistics provided by Thomson Transaction Analytics. Thomson Transaction Analytics is an independent company and is not affiliated with Scottrade, Inc. This analysis measures the percentage of orders executed at the NBBO or better for market orders in NASDAQ 100 and S&P 500 stocks with an order size of 100 to 500 shares. The data does not include pre-market or after-hours orders or orders received during locked, crossed or fast market conditions.

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Brokerage Products and Services offered by Scottrade, Inc. – Member FINRA and SIPC.

No information on this web site should be considered a recommendation or solicitation to invest in a particular security or type of security.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses are available through our trading site or through a Scottrade branch office. The prospectus should be read carefully before investing.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Scottrade's margin agreement is available on our web site and at our branch offices; and contains the Margin Disclosure Statement and information on our lending policies, interest charges, and the risks associated with margin accounts. Options are not appropriate for all investors. Detailed information on our policies and the risks associated with options can be found in Scottrade's Options Application and Agreement, Brokerage Account Agreement, and Characteristics and Risks of Standardized Options (available from your local branch office or here). All option accounts require prior approval by Scottrade.

Market volatility, volume, and system availability may impact account access and trade execution.

Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.