Order Routing
Default Order Routing Settings
Transcend may receive payment for order flow based on various software platform default settings.
Current default order routing:
- HydraTrade- orders route to market centers via Penson Financial Services or directly to Knight.
- JunoTrade- orders route to market centers via Penson Financial Services or directly to Knight.
- Knight Direct- all orders route via the Knight internal order book prior to routing to market centers.
- Laser- orders route to market centers via Penson Financial Services or directly to Knight.
- Lightspeed- all orders route to market centers via Penson Financial Services.
- Obsidian- all orders route to market centers via Penson Financial Services.
- Orbis- all orders route to market centers via Penson Financial Services.
- RealTick-all orders route via ConvergEx Group internal order book prior to routing to market centers.
- REDI- orders route to market centers via Goldman Sachs or directly to Knight.
- Sterling Trader- orders route to market centers via Penson Financial Services or directly to Knight.
- TransXecute- orders route to market centers via Penson Financial Services or directly to Knight.
Clients should contact their representative or Transcend Capital to discuss the available alternatives if they wish to opt out of a specific default order routing.
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