Common use of Payment for Order Flow Clause in Contracts

Payment for Order Flow. If You transmit orders (including those generated by reinvested dividends) through NFS, NFS in turn will send my orders to various exchanges or market centers based on a number of factors. Such factors include size of order, trading characteristics of the security, favorable execution prices (including the opportunity for price improvement), access to reliable market data, speed of execution, liquidity enhancement opportunities, availability of efficient automated transaction processing, and reduced execution costs through price concessions from the market centers. Certain of the market centers may execute orders at prices superior to the publicly quoted market in accordance with their rules or practices. While a customer may specify that an order be directed to a particular market center for execution, the order-routing policies, taking into consideration all of the factors listed above, are designed to result in favorable transaction processing for customers. You will furnish payment for order flow and routing policies to me on an annual basis. You and NFS receive remuneration, compensation, or other consideration for directing customer orders for equity securities to particular Broker/ Dealers or market centers for execution. Such consideration, if any, takes the form of financial credits, monetary payments, or reciprocal business. Note: Trades placed through telephone, electronic or on-line trading systems cannot specify a particular market center for execution.

Payment for Order Flow. If You transmit orders (including those generated by reinvested dividends) through NFS, NFS in turn will send my orders to various exchanges or market centers based on a number of factors. Such factors include size of order, trading characteristics of the security, favorable execution prices (including the opportunity for price improvement), access to reliable market data, speed of execution, liquidity enhancement opportunities, availability of efficient efficient automated transaction processing, and reduced execution costs through price concessions from the market centers. Certain of the market centers may execute orders at prices superior to the publicly quoted market in accordance with their rules or practices. While a customer may specify that an order be directed to a particular market center for execution, the order-routing policies, taking into consideration all of the factors listed above, are designed to result in favorable transaction processing for customers. You will furnish payment for order flow flow and routing policies to me on an annual basis. You and NFS receive remuneration, compensation, or other consideration for directing customer orders for equity securities to particular Broker/ Dealers broker/dealers or market centers for execution. Such consideration, if any, takes the form of financial financial credits, monetary payments, or reciprocal business. Note: Trades placed through telephone, electronic or on-line trading systems cannot specify a particular market center for execution.

Payment for Order Flow. If You transmit orders (including those generated by reinvested dividends) through NFS, NFS in turn will send my orders to various exchanges or market centers based on a number of factors. Such factors include size of order, trading characteristics of the security, favorable execution prices (including the opportunity for price improvement), access to reliable market data, speed of execution, liquidity enhancement opportunities, availability of efficient efficient automated transaction processing, and reduced execution costs through price concessions from the market centers. Certain of the market centers may execute orders at prices superior to the publicly quoted market in accordance with their rules or practices. While a customer may specify that an order be directed to a particular market center for execution, the order-routing policies, taking into consideration all of the factors listed above, are designed to result in favorable transaction processing for customers. You will furnish payment for order flow flow and routing policies to me on an annual basis. You and NFS receive remuneration, compensation, or other consideration for directing customer orders for equity securities to particular Broker/ Dealers or market centers for execution. Such consideration, if any, takes the form of financial financial credits, monetary payments, or reciprocal business. Note: Trades placed through telephone, electronic or on-line trading systems cannot specify a particular market center for execution.

Payment for Order Flow. If You transmit orders (including those generated by reinvested dividends) through NFS, NFS in turn will send my orders to various exchanges or market centers based on a number of factors. Such factors include size of order, trading characteristics of the security, favorable execution prices (including the opportunity for price improvement), access to reliable market data, speed of execution, liquidity enhancement opportunities, availability of efficient efficient automated transaction processing, and reduced execution costs through price concessions from the market centers. Certain of the market centers may execute orders at prices superior to the publicly quoted market in accordance with their rules or practices. While a customer may specify that an order be directed to a particular market center for execution, the order-routing policies, taking into consideration all of the factors listed above, are designed to result in favorable transaction processing for customers. You will furnish payment for order flow flow and routing policies to me on an annual basis. You and NFS receive remuneration, compensation, or other consideration for directing customer orders for equity securities to particular Broker/ Broker/Dealers or market centers for execution. Such consideration, if any, takes the form of financial financial credits, monetary payments, or reciprocal business. Note: Trades placed through telephone, electronic or on-line trading systems cannot specify a particular market center for execution.

Payment for Order Flow. If You transmit orders (including those generated by reinvested dividends) through NFS, NFS in turn will send my orders to various exchanges or market centers based on a number of factors. Such factors include size of order, trading characteristics of the security, favorable execution prices (including the opportunity for price improvement), access to reliable market data, speed of execution, liquidity enhancement opportunities, availability of efficient efficient automated transaction processing, and reduced execution costs through price concessions from the market centers. Certain of the market centers may execute orders at prices superior to the publicly quoted market in accordance with their rules or practices. While a customer may specify that an order be directed to a particular market center for execution, the order-routing policies, taking into consideration all of the factors listed above, are designed to result in favorable transaction processing for customers. You will furnish payment for order flow flow and routing policies to me on an annual basis. You and NFS receive receives remuneration, compensation, or other consideration for directing customer orders for equity securities to particular Broker/ Broker/Dealers or market centers for execution. Such consideration, if any, takes the form of financial financial credits, monetary payments, or reciprocal business. NoteNOTE: Trades placed through telephone, electronic or on-line trading systems cannot specify a particular market center for execution.