Execution Standards for Covered Orders Clause Samples

Execution Standards for Covered Orders. A. In accordance with Legal Requirements, including Regulation NMS to the extent applicable, the Company will exercise commercially reasonable efforts to obtain the most favorable terms for Covered Orders reasonably available under the circumstances. B. In the event that a customer of E*TRADE Securities directs an Order to be executed on or by a specified Exchange, market center or Broker-Dealer (other than the Company), E*TRADE Securities shall route such Order to the Company and communicate its customer’s directions to the Company and the Company shall follow such directions. C. With respect to each calendar month, commencing with the first trading day of the month and ending on the last trading day of the month (each a “Performance Period”), the Company’s execution performance on the aggregate Covered Orders in NMS Stocks and Options, respectively, shall be assessed based on the following Evaluation Criterion (as defined below) against agreed upon Execution Performance Standards (as defined below).