SEC Order Routing Disclosure Rule

In accordance with SEC Rule 606, BGC Financial, L.P (“BGCF”) hereby makes available a quarterly report (the “Report”), which identifies the significant market centers to which customer orders were routed for execution. Specifically, this rule requires BGCF to disclose the top market centers (in terms of the total number of orders routed for execution) and any other market centers to which the Firm routes five percent or more of its customers’ orders. The Report is divided into four sections as mandated by the SEC: (1) equity securities listed on the NYSE; (2) equity securities listed on the Nasdaq Stock Market, Inc.; (3) equity securities listed on the AMEX or any other national securities exchange; and (4) exchange-listed options. Lastly, the Report will disclose, among other things, the material aspects of BGCF’s relationship, if any, with those top market centers that receive a significant amount of order flow and what percentage of customer orders are routed to each of the top market centers.

BGCF has prepared the information and data provided herein solely for informational purposes and consistent with SEC Rule 606. The information provided in the Report is not intended to, and does not, encompass all the factors to be considered in a best execution analysis and related order routing determinations.

BGCF does not represent, warrant, or guarantee that the Report is accurate. BGCF disclaims liability for any direct, indirect, punitive, special, consequential, or incidental damages related to the Report or the use of the Report. The information provided in the Report may be impacted by market data system outages or errors, both internal and external, and it is dependent upon the integrity and accuracy of data provided by outside sources. Certain assumptions have been made in preparing the Report, and changes to the assumptions may have a material impact on results. The Report does not endorse or recommend any particular security or market participant.

View the most recent such Report:

SEC Rule 606 most recent monthly and archived reports

Likewise, under SEC Rule 605, BGCF hereby makes available a quarterly report which provides statistical information about the Order Execution Quality of market and limit orders in NMS securities. Though BGC is not a market maker in any NMS securities, our Foreign Equity Market Making desk may, from time to time, execute transactions in NMS listed securities.

SEC Rule 605 most recent monthly and archived reports 

For more information please contact our compliance department at  BGCComplianceNY@bgcpartners.com .