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SEC-Required Report on Routing of Customer Orders


TWS Financial, LLC. has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order-routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue for execution.

This report is divided into four sections: one for securities listed on the New York Stock Exchange, one for securities listed on The Nasdaq Stock Market, one for securities listed on the American Stock Exchange or regional exchanges, and one for exchange-listed options. For each section, this report identifies the number of non-directed orders as a percentage of total customer orders.

SEC-Required Report on Routing of Customer Orders
Report For Quarter ending June 2011

TWS Financial, LLC clears its business through Penson Financial Services.

Penson Financial Services has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available  reports on their order-routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue for execution.

This report is divided into four sections: one for securities listed on the New York Stock Exchange, one for securities listed on The Nasdaq Stock Market, one for securities listed on the American Stock Exchange or regional exchanges, and one for exchange-listed options. For each section, this report identifies the number of non-directed orders as a percentage of total customer orders.
 

Quarterly Route Reports: (click link below)

Penson Quarterly Route Report
 
Order Routing
Quarterly Report
SEC Rule 11Ac1-6

Material Aspects of TWS Financial's Relationships

NSDQ (Nasdaq) rebates up to $0.002 per share upon execution of orders that add liquidity to the NDSQ Limit Book.

ARCA (NYSE Arca) rebates up to $0.002 per share upon execution of orders that add liquidity to the ARCA Limit Book.

EDGX rebates up to $0.002 per share upon execution of orders that add liquidity to the EDGX Limit Book.

BATS rebates up to $0.0027 per share upon execution of orders that add liquidity to the BATS Limit Book.

GTCO has no payment for order flow arrangement.

HDSN has no payment for order flow arrangement.

PFSI has no payment for order flow arrangement.

CDRG has no payment for order flow arrangement.

NITE/TriMark has no payment for order flow arrangement.

UBSS has no payment for order flow arrangement.

VNDM has no payment for order flow arrangement.

The above rebates are customary and standardized industry wide. There are no other material aspects of TWS Financial relationships with any other market center.

 
 

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For Finra brokercheck please see www.finra.org. All accounts are SIPC Protected for $500,000 Securities, including $100,000 claims for Cash. Penson Financial Services, Inc. (PFSI) has also acquired “Excess SIPC” insurance from a third party insurer to protect client accounts up to their net equity for loss of securities and cash held at Penson Financial Services, Inc. (PFSI), up to an overall firm aggregate of US $200,000,000 over all customer accounts. This “Excess SIPC” protection is in addition to the protection provided by the Securities and Investors Protection Act, which is administered by SIPC, and is subject to certain conditions and limitations, details of which are available upon request. The above coverage does not protect against loss of the market value of securities. System response, trade executions and account access may be affected by market conditions, system performance, quote delays and other factors. The risk of loss in electronic trading can be substantial. You should therefore consider whether such trading is suitable for you in light of your financial resources. Money Market Funds are not FDIC Insured. Tradewallstreet.com is a stock brokerage company, for active trading and electronic online investing. Read our Risk Disclosures Third Party Quotes and Research page provided in part by Vector2000 Stock Systems and Askchart.com and Quotemedia.

Although the material contained herein has been prepared from sources and data that we believe to be reliable, neither the author(s), TradeWallStreet Financial, nor any of their respective affiliates makes any representations or warranties with respect to the accuracy, completeness, or timeliness of this information, and it should not be relied upon as such. Neither the author(s), TradeWallStreet Financial, nor any of their respective affiliates is responsible for any errors or omissions, and specifically disclaim all warranties, including without limitation, warranties of fitness for a particular purpose. Furthermore, neither the author(s), TradeWallStreet Financial, nor any of their respective affiliates makes any guarantee or other promise as to any results that may be obtained from using this information.

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The opinions expressed are those of the author(s) and are not necessarily those of TradeWallStreet Financial. Opinions and estimates are as of a certain date and subject to change without notice. The financial product or strategy described above is intended only for experienced and qualified investors. Individual investments, investment services, or strategies mentioned herein may not be suitable or appropriate for every investor or every situation. You should not make any investment decision without first consulting your financial advisor and conducting your own research and due diligence, including carefully reviewing the prospectus and other public filings of the issuer. While past performance may be analyzed, past performance should not be considered indicative of future performance. Investing in capital markets involves substantial risk. You should be aware that investments can fluctuate in price, value and/or income, and you may get back less than you invested.

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Copyright © 1998-2010, TradeWallStreet Financial, Washington D.C., USA. All rights reserved. Proprietary, not to be reproduced, transferred or distributed in any form without prior written permission from TradeWallStreet Financial. The following is delivered on an "as is" basis without warranty. It is not an offer, solicitation, or recommendation to purchase any security or the services of any organization unless otherwise noted. TradeWallStreet Financial and/or its employees may buy, hold, trade or sell any security or financial instrument described herein..

TradeWallStreet Financial is a subsidiary of TWS Financial, LLC, a member of the Financial Industry Regulatory Agency (FINRA) and the Securities Investors Protection Corporation (SIPC).

 
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