SEC 606 Reporting

SEC Rule 606 Order Routing and Execution Order Routing & Execution Practices

In accordance with U.S. Securities and Exchange Commission (SEC) Rule 606, Univest Securities is publishing this information about its order routing practices in US exchange-listed equity securities and options.

​Univest routes all orders in Rule 606 reportable securities to Velox Clearing, our Clearing Firm partner for order routing and execution. Velox may not be the ultimate execution venue for such orders, and these orders may be further routed by Velox to other execution venues. Velox may receive remuneration from executing venues through maker-taker pricing or other applicable execution venue fees or rebates. Univest does not receive any order flow payments for orders routed, including any execution venue fees or rebates that may be paid by an executing venue.

​Univest does not select the execution venues to which Velox routes Rule 606 reportable securities for execution. As a result, Velox is better positioned to prepare a quarterly report that reflects any execution venue specific maker-taker arrangements or other execution venue fees or rebates. We also use REDI order platform to route customer directed orders to SpeedRoute, which do not need to be reported and Univest paid significant fees for SpeedRoute services in order to get better execution for customers.

You can access these reports through Velox Clearing