Trade Quality & Execution

Regular and Rigorous Review of Trade Execution Quality

When it comes to trade executions, Scottrade knows that a fraction of a second is all it takes for a stock price to fluctuate, potentially impacting a trade.

That’s why we thoroughly review execution quality across pertinent time horizons, analyzing multiple factors. These factors are used when comparing performance in execution quality between market centers. Additionally, we regularly compare our own execution quality metrics against an industry average. This regular and rigorous review of performance allows us to provide a consistent, quality execution experience. As a result, we are able to deliver highly competitive executions and regularly execute trades at prices at or better than the National Best Bid and Offer (NBBO).

Read on for more information on Scottrade’s Trade Quality & 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 VistaOne Solutions, which is not affiliated with Scottrade, and by reviewing the output of our patented algorithm, the Scottrade Best-Execution Index or SBI™.
* defined in SEC rule 605

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