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Scottrade Online Brokerage - Trade Execution Speed

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

Trade Execution Speed

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Scottrade continuously strives to provide our customers with a fast and efficient execution experience. Trade execution speed is an important component of overall execution quality. Execution speed is measured from the time Scottrade routes your order to the marketplace until the time your order is executed at the trading center. Execution speed does not include the time it takes for the order to be reported back to Scottrade and be displayed to you in the "Today's Completed Orders" section of our Web site or another Scottrade online trading platform.

Trade execution speed information is based on analysis from Thomson Transaction Analytics. Thomson Transaction Analytics is not affiliated with Scottrade. Execution Speed is for NASDAQ 100 and S&P 500 market orders of 100 to 499 shares in size. The information does not include pre-market or after-hours orders or orders received during locked or crossed markets. It does include orders received during fast market conditions. This information is updated by the 15th of each month with the average trade execution speed calculated using data over the past 12 months.

You will always receive the price at which your order was executed at the trading center even though the execution report that Scottrade receives may be delayed (or "late") from the trading center. A "late report" refers to when Scottrade does not receive a timely execution report from a trading center.

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

Online market and limit stock trades are just $7 for stocks priced $1 and above.

Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.

Investors should consider the investment objectives, risks, 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. No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.

Investors should consider the investment objectives, risks, charges, and expenses of an Exchange-Traded Fund (ETF) carefully before investing. A prospectus contains this and other information about the ETF can be obtained from the issuer. 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. The Margin Disclosure Statement and Agreement (PDF) is available for download, or it is available at one of our branch offices. It contains 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 (also available at one of our branch offices). 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.