Fenix Securities

2021

SEC Rule 605 Summary Execution Quality Reports

The disclosure of SEC-Required Order Execution Information, SEC Rule 605, requires market centers to disclose monthly data about the quality of their trade executions. Each monthly report will disclose execution quality data based on the previous month's trading activity.
In compliance with Rule 605 all Fenix Securities, LLC accounts held at StoneX Financial Inc. orders both Equity and Option are routed to StoneX Financial Inc. for execution. (https://public.s3.com/rule605/intl/).
In compliance with Rule 605 all Fenix Securities, LLC accounts held at Vision Financial Markets, LLC and Apex Clearing orders both Equity and Option are routed to Apex Clearing Financial Inc. for execution. (https://external.s3.com/apex/).

SEC Rule 606 (formerly SEC 11Ac1-6) Disclosure of Order Routing Practices

SEC Rule 606 requires all broker-dealers (including introducing firms) that route customer orders in equity and option securities are required to make publicly available quarterly reports that, among other things, identify the venues to which customer orders are routed for execution and disclose the material aspects of the broker-dealer's relationship with such venues.
In compliance with Rule 606 all Fenix Securities, LLC accounts held at StoneX Financial Inc. orders both Equity and Option are routed to StoneX Financial Inc. for execution. (https://public.s3.com/rule606/intl/).
In compliance with Rule 606 all Fenix Securities, LLC accounts held at Vision Financial Markets, LLC and Apex Clearing orders both Equity and Option are routed to Apex Clearing Financial Inc. for execution. (https://public.s3.com/rule606/apex/).
For frequently asked questions regarding SEC 606 refer to https://www.sec.gov/tm/faq-rule-606-regulation-nms.

SEC Rule 607 Disclosure of Order Routing Practices

Securities and Exchange Commission Rule 607 requires all broker-dealers (including introducing firms) to provide disclosures to customers of payment for order flow practices upon the opening of a new account and annually thereafter.
Fenix Securities, LLC accounts held at StoneX Financial Inc orders both Equity and Option are routed to StoneX Financial Inc. Fenix Securities does not receive any compensation for orders sent to StoneX Financial Inc.
Fenix Securities, LLC accounts held at Vision Financial Markets and Apex Clearing order both Equity and Option are route to Apex Clearing. Fenix Securities receives 50% of the revenue generated by Apex Clearing for routing orders for both Equity and Option.
Further details of these payments and fees are available upon request.