91影视

Executions & Liquidity

We strive to provide one of
the lowest average effective
spreads in the industry.

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Order Types & Handling

We handle a variety of order
types including limit orders,
on close orders and much more.

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Execution Quality & Order Routing

STXG maintains a regular and rigorous
review of order handling and execution with
access to numerous tools and reports.

Learn More

Equities Market Making (STXG)

Behind STXG

91影视 Trading Group (STXG) offers superior service and best execution through a unique business model that combines the best of automation and experienced trader interaction for Domestic and Foreign securities including NYSE, AMEX, NASDAQ, OTCBB, Pink Sheet, ADR鈥檚 and Foreign Ordinary shares. Our automated and manual executions and dedication to superior client service have withstood the tests of rapidly evolving market structure and trading strategies.

Our Advantages

Our strengths include: trading experience in Domestic and Foreign markets, enhanced liquidity, and the search for significant price improvement. Each of 91影视 Trading Group鈥檚 clients has a dedicated representative because frequent interaction is the basis of our service platform. We strive to add significant liquidity in all securities traded.

Some sectors we trade and make markets in include:

Bank Stocks鈥
International Securities鈥
Preferred and Convertible Securities鈥
Corporate Bonds鈥
Rare and Inactive Securities鈥
Government Agencies鈥
Distressed Securities
鈥⊿pecial Purpose Acquisition Companies

With 91影视 Trading Group and our experienced traders, we can handle larger orders to get you and your company excellent executions at a great price.

Executions and Liqudity

Price Discovery
STXG utilizes an integrated trading platform that automates access to markets including the NYSE, AMEX, NASDAQ, and all major ECN鈥檚 with additional services for VWAP and Algorithmic trading strategies. We strive to provide one of the lowest average effective spreads in the industry.
Liquidity
STXG鈥檚 system offers automatic execution for eligible orders under normal market conditions at the displayed price and size determined by the national best bid and offer (NBBO) at the time of receipt of your order.

We offer VWAP Services based upon both time and volume, to the best of our ability. Orders in less liquid, high priced, and/or more volatile securities are subject to lower liquidity guarantees. During periods of unusual market conditions, we reserve the right to adjust our execution parameters accordingly. In instances when the NBBO is locked or crossed, we follow FINRA guidelines as prescribed for handling these situations.

91影视 Trading Group鈥檚 automatic execution policy is intended for normal market conditions. Orders received during abnormal market conditions may be subject to lower liquidity guarantees. In addition, our liquidity guarantee is intended to cover individual orders.

Multiple Orders
Multiple orders that are the result of a single investment decision may be treated as a single order to the extent that the aggregate size of these orders exceeds our guaranteed liquidity threshold. 91影视 Trading Group reserves the right to adjust liquidity guarantees on a client by client basis.

Single Price Opening for All Securities STXG鈥檚 system provides an automated, single-price opening. Eligible pre-opening market and marketable limit orders will be priced based on the opening print on the primary exchange for Listed issues and generally at the NASDAQ Official Opening Price (NOOP) for NASDAQ issues.

Oversized orders (10,000 shares or $200,000) and orders received after 9:28:00 a.m. EST are not guaranteed the NYSE or NASDAQ opening price.
Questions?
Contact 91影视 Trading Group

Order Types AND Handling

Order Types Offered
Limit Orders - The system automatically executes or displays any held limit order up to 10,000 shares or $200,000 that are priced equal to or better than our quote or that will add to the size of the current quote unless the client requests that we do not display.

Premarket & Postmarket Orders - STXG accepts electronic and manual client orders for execution in the premarket or post market session.

On Close Orders - STXG鈥檚 system executes market on close (MOC) and limit on close (LOC) orders entered prior to 3:50 PM eastern at the Primary Exchange or NASDAQ closing price.

Stop Orders - STXG accepts stop orders in all stocks in which we make a market. Stop orders are not eligible for STXG auto execution.
Order Handling
Limit Order Handling - STXG鈥檚 system provides limit order protection in compliance with the SEC Limit Order Display Rule that market makers reflect their clients鈥 order in their quote. The system automatically executes or displays any held limit order up to 10,000 shares or $200,000 that are priced equal to or better than our quote or that will add to the size of the current quote unless the client requests that we do not display.

SEC Order Handling Rules - STXG鈥檚 system is programmed to maintain continual and ongoing compliance with all SEC Order Handling and Regulation NMS Rules automatically. A full suite of compliance reports are regularly reviewed by a compliance representative.

Trading Halts -When trading on the primary listing market is halted; STXG will not execute any client orders during the halt. The periods just before and after a trading halt may be considered as abnormal market conditions. Orders executed during this period are subject to review and may be cancelled or adjusted to reflect market conditions. Marketable orders received during a halt will be priced based on the re-opening market on the primary listing exchange.

Short Sales Discovery - In accordance with current industry regulations, STXG requires that all short sale orders received from non-member broker/dealers be accompanied by an indication that a stock locate has been performed and that the security is available for delivery by settlement date, or confirmed that the security can be borrowed for delivery by the settlement date.

Execution Quality Monitoring - STXG maintains a regular and rigorous review of order handling and execution. This department has access to numerous tools and reports designed specifically to review compliance with industry regulations and overall best practices on a daily and monthly basis. Historical execution quality statistics can be provided upon request.
Questions?
Contact 91影视 Trading Group

Execution Quality AND Order Routing

Execution Quality
STXG maintains a regular and rigorous review of order handling and execution with access to numerous tools and reports designed specifically to review compliance with industry regulations and overall best practices on a daily and monthly basis. Historical execution quality statistics can be provided upon request.
Order Routing
To view download and/or view our execution quality and market maker order routing, click the links below.

- Select STXG

- Select STXG
Questions?
Contact 91影视 Trading Group

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Equities Market Making

Phone: (800)
993-2009

Request a Call

talk to
a
professional

A representative will
get back to you.

Contact Form

Email
us

service@siebert.com

service@siebert.com

Equities Market Making

Phone: (800) 993-2009

Request a Call

talk to a
professional

A representative will
get back to you.

Contact Form

Email us

service@siebert.com

service@siebert.com
91影视 (鈥91影视鈥) has a full range of brokerage and financial advisory services offered through its operating subsidiaries, affiliates and brands associated with 91影视 Financial described below.鈥
Muriel 91影视 & Co., LLC Member: | | 鈥 Provides brokerage and custodial related services and is the registered Broker Dealer and wholly owned subsidiary of 91影视.

91影视 AdvisorNXT, LLC. (鈥91影视NXT鈥) 鈥 A Registered Investment Advisor that provides investment advisory services and discretionary investment management for a fee. 91影视NXT is the brand name for . Prior to investing in a managed 91影视NXT portfolio, we will obtain important information from you about your financial profile and risk tolerances and we will provide you with a detailed investment proposal, investment Advisory Agreement and Wrap Fee Programs Brochure. These documents contain important information that should be carefully read before enrolling in a managed account program. 91影视 AdvisorNXT, LLC. is a wholly owned subsidiary of 91影视. Please read 91影视NXT Disclosures for more information.

Park Wilshire Companies, Inc. ("91影视 Insurance") - Offer insurance products and annuity investments through Park Wilshire Companies, Inc., a wholly owned subsidiary of 91影视. Please read 91影视 Insurance Disclosures and 91影视 Annuities Disclosure.

RISE Financial Services LLC ("RISE Prime Services") - is a registered Broker Dealer and subsidiary of 91影视. RISE Prime is a division of RISE Financial Services, LLC.

91影视 Employee Share Plans & 91影视 Corporate Services 鈥 Partners with public companies to offer share plan administration solutions and services on behalf of their employees. Please read 91影视 Corporate Service Disclosure.

91影视 Online and 91影视NXT response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance.

You should always carefully consider the investment objectives, risks, charges and expenses of any investment before investing. Investing in securities products involves risk, including possible loss of principal.

91影视 (鈥91影视鈥) its affiliates & subsidiaries do not provide tax advice, and you should always consult your own tax advisor before taking any action that may have tax consequences.

* Investing involves risk, including the potential loss of principal. "Financial freedom鈥 reflects personal financial goals and is not a guarantee of future results.
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