Rule 606 Order Reporting

The Securities and Exchange Commission (SEC) adopted Rule 606 of Regulation NMS that requires broker dealers, such as SoFi Securities LLC (SoFi), to disclose information on order routing practices. This is presented through quarterly reports, broken out by month, that present an overview of order routing practices and the relationship between certain venues where orders are routed.

SoFi Securities directs all trades to Apex Clearing Corporation, Inc. (Apex) for execution, and Apex makes all order routing decisions on SoFi’s behalf. Apex routes 100% of our orders to broker-dealers or market centers for execution. These market centers to which our clearing firm routes orders may include dealers who make markets in these securities. To achieve this disclosure requirement SoFi Securities incorporates Apex’s Order 606 report. This report may be viewed at:

Rule 606 Order Reporting – Apex

Rebates and order flow revenue shares are based on the third party order flow rebates or revenue actually received by Apex in respect of the orders of Correspondent executed through the applicable route or venue. Should SoFi’s execution activity generate exchange rebates they are credited against execution and exchange expenses incurred by Apex within the same monthly billing cycle. SoFi does not receive any additional rebate that is in excess of expenses. The revenue generated by order flow is split between SoFi and Apex 80%/20% in SoFi’s favor. With respect to payment for order flow the specific per share rates the firm receives from Apex Clearing maybe viewed in the following charts:

Rate Card- Equity
Bucket Rate
Non_Marketable (MKT HRS) $0.0029
Non_Marketable < $1 $0.0000
NMS < $1 $0.0000
NMS >= $1 $0.0015

Rate Card- Option
exch exchbucket Rate
Penny Simple $0.25
NonPenny Simple $0.60
Penny Spread $0.52
NonPenny Spread $0.80
SPY, QQQ, IWM Simple $0.21
SPY, QQQ, IWM Spread $0.51

SoFi Securities LLC

234 1st Street

San Francisco, CA 94105

Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 1121636. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

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