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Trade
Manage Capital, Inc. utilizes many technologies to route orders to
various market centers, listed exchanges, Nasdaq Market Makers and
other market centers. In evaluating where to best route a client’s
order, our processes and traders evaluate many factors, including
but not limited to: the action in the particular security, the
liquidity, broader market action, available systems and resources,
and potential for achieving price improvements.
Trade
Manage Capital, Inc. has access to more than a dozen liquidity
sources for routing customer orders. Knight Capital Markets (NITE),
Interactive Brokers (IBKR), Citigroup Global Markets (SBSH) and a
few others may provide revenue, which could be considered rebates.
To that end, virtually all ECNs such as Archipelago (ARCA)
and Island (ISLD) may provide liquidity rebates.
Trade
Manage Capital, Inc. believes that any market center may provide
value at a given time, and provide value to the execution of
customer orders.
These companies can at times be tremendous market share
participants in their respective markets and offer an added value in
their execution services. In all order routing
decisions, the client’s best interests must be the motivating
factor. Trade Manage Capital, Inc. believes that it would be
imprudent not to have relationships with such parties. |