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:
SoFi Securities LLC
234 1st Street
San Francisco, CA 94105