Free Site Registration

Fined Scottrade Looking Hard at Execution Quality

Traders Magazine, August 2008

Peter Chapman

Scottrade is taking best execution seriously these days. The discount brokerage, which was recently fined about $1 million by the Securities and Exchange Commission for lapses in the oversight of its routing practices, informs customers on its website that it conducts a "regular and rigorous review of execution quality" in its trades.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?