SEC Rule 606 (formerly 11Ac1-6 Order Routing Report)
Bonds.com, Inc. (“BCI”) directs its equity order flow to its clearing firm, Pershing LLC. BCI does not receive compensation for directing order flow to Pershing. Pershing LLC sends equity orders to exchanges, Electronic Communication Networks, or broker-dealers during normal business hours and during extended hours. Certain market centers provide payments or charge access fees to Pershing depending upon the characteristics of the orders and any subsequent execution. Pershing receives payment for order flow from Knight Capital Markets Inc., Automated Trade Desk, and Citadel Derivatives Group. Pershing executes certain orders in NYSE securities as principal while acting in the capacity of a market maker.
Pershing, LLC on behalf of BCI, prepares a quarterly report pursuant to U.S. Securities and Exchange Commission Rule 606. This rule requires all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" – any order that the customer has not specifically instructed to be routed to a particular venue for execution.
The report is divided into four sections: securities listed on the NYSE; securities listed on NASDAQ; securities listed on the AMEX; and one for exchange-listed options. For each section, this report identifies the venues most often selected, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of BCI's relationship with the venues.
Please visit http://www.orderroutingdisclosure.com/orderrouting/HOME and enter “Bonds.com Inc” to see BCI’s most recent quarterly report.
