Payment for Order Flow. BB&T Securities may from time to time receive payment for order flow. This compensation may be received in various manners, including, but not limited to, direct cash payments on a per share basis and rebates from various exchanges. Such payments assist in offsetting BB&T Securities’ expenses and exchange charges attendant to order execution. Absent specific instructions from customers, it is BB&T Securities’ policy to direct orders in an attempt to achieve the best execution on behalf of the customer. A number of considerations are utilized in deciding the market, exchange, and/or market maker to which BB&T Securities will direct the order. Orders are exposed across exchanges and market centers for the purpose of obtaining price improvement. If price improvement is not obtained, the order is executed at the national best bid or best offer. BB&T Securities’ foremost objective is to obtain the best executions regardless of any compensation factor. See also Section (f) under Transactions and Settlements.
Appears in 8 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
