AUTHORIZATION TO USE ALTERNATIVE TRADING SYSTEMS FOR IRA AND ERISA ACCOUNTS. You authorize First Clearing and your brokerage firm (in accordance with Section 408(b)(16) of ERISA and Section 4975(d)(19) of the Code), on behalf of your IRA account or the ERISA Plan for which you act as a fiduciary, to effect transactions directly or indirectly through Electronic Communication Networks ("ECNs"), Alternative Trading Systems ("ATSs"), or similar execution systems or trading venues that may or may not be affiliated with First Clearing or your brokerage firm. You acknowledge that direct or indirect access to ECNs, ATSs, and other such execution systems or trading venues with significant liquidity and market share may be helpful to satisfy best execution obligations. You hereby acknowledge that further information with respect to brokerage practices and ECNs, ATSs, execution systems, or trading venues that may be utilized by First Clearing and/or your brokerage firm can be found at xxx.xxxxxxxxxxxxxxxxxxxxxxxxxxxxx.xxx, which will be updated from time to time. First Clearing and/or your brokerage firm may, in the future, acquire an ownership interest or exert influence or control over an ECN, ATS, or similar execution system or trading venue to which First Clearing and/or your brokerage firm directs trades. By entering into this Agreement, you believe that you have received all the information that is necessary to determine whether to grant this authorization.
