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Strategies & Market Trends : Value Investing
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To: petal who wrote (66315)1/30/2021 11:20:38 AM
From: E_K_S  Read Replies (2) of 78921
 
OT - A very good explanation How 'Retail' Orders Are Routed and filled/settled in the US

(Note: I was not aware the role APEX Clearing Corp does and the firms that use their service exclusively. They may/could be the weakest link in the current system IMO)

Link to Apex Clearing Service Web site
As a custodian, Apex is responsible for holding and safekeeping investor assets. We carry more than 10x the net capital requirement to make sure our clients are protected and we are registered with the SEC, a member of FINRA, a participant in SIPC, and licensed in 53 states and territories.


At 7:41 of the video, they go into the detail how trades are cleared.

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