ETCB Brokerage Account Login

Order Routing

ETCB transmits customer orders for execution to various exchanges or market centers based on several factors, including the order’s size, the security’s trading characteristics, favorable execution prices (including the opportunity for price improvement), access to reliable market data, availability of efficient automated transaction processing and reduced execution costs through price concessions from the market centers. Under SEC Rule 11Ac1-6 (also known as Rule 606), ETCB is required to publish quarterly reports that provide a general overview of our routing practices.

Starting Quarter 1, 2024, ETCB routed orders to market centers directly in addition to routing orders  through Axos Clearing for execution.  Axos Clearing provides ETCB with execution and clearance services for certain accounts and is not affiliated with ETCB.

To obtain a complete view of ETCB’s Q1, 2024 order routing practices and material aspects with any venue, please review both reports collectively as follows:

During Q1, 2024, all option trading in ETCB accounts were through Axos Clearing.

Historical ETCB order routing reports pursuant to Rule 606 are available at this link.

You can request copies of above referenced reports by contacting ETCB directly.