Payment for Order Flow Disclosure

Velocity Clearing, LLC may receive remuneration for directing orders to a particular broker-dealer and routes orders to market centers including national securities exchanges, alternative trading systems, electronic communications networks and other broker-dealers that offer credits for certain types of orders while assessing fees for other types of orders. In some cases, the credits offered by a market center will exceed the charges assessed such that a market center makes a payment to Velocity Clearing, LLC in relation to orders directed to such market center. Such remuneration is considered compensation to Velocity Clearing, LLC and the source and amount of any compensation will be disclosed upon written request.

Order Routing

SEC Rule 606 (“Rule 606”) requires all broker-dealers that route orders in equity and option securities to make publicly available quarterly reports that present a general overview of their routing practices related to held, non-directed customer orders. The reports must identify the significant venues to which customer orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer’s relationships with such venues. Velocity Clearing, LLC makes this routing information available on its website in compliance with Rule 606, which can be found below.

In addition, Rule 606 requires broker-dealers to notify customers of their ability to receive, free of charge, information concerning the routing of the customer’s orders for execution. In accordance with SEC Rule 606(b), upon request from a customer, Velocity Clearing, LLC will provide a report on its handling of the customer’s orders in NMS securities that were submitted to Velocity Clearing, LLC for execution for the prior six months. Specifically, customers may request the identity of the venue to which the identified orders were routed, whether the orders were directed or non-directed and the time of any resulting transactions. Please contact trading@velocityclearingllc.com to request information regarding the routing of your individual orders.

Download the reports: