E*TRADE
Reported by Morgan Stanley Smith Barney LLC
Routing for E*TRADE from Morgan Stanley is reported by Morgan Stanley Smith Barney.
All three months · S&P 500 + other stocks
All three months · listed options
34.6% of disclosed non-S&P orders
Routing destinations · June 2026
| Venue | Order share | Market | Marketable limit | Non-marketable limit | Net payments |
|---|---|---|---|---|---|
Dash/IMC Financial Markets | 34.6% | +41.21¢ | +41.17¢ | +40.64¢ | $6.4M |
Wolverine Execution Services, LLC | 23.7% | +26.00¢ | +28.80¢ | +24.27¢ | $2M |
CITADEL SECURITIES LLC | 18.1% | +39.00¢ | +40.88¢ | +39.19¢ | $4.5M |
Global Execution Brokers LP | 13.7% | +38.61¢ | +39.89¢ | +38.78¢ | $4M |
Jane Street Capital | 9.9% | +41.67¢ | +41.79¢ | +41.46¢ | $3.2M |
Morgan Stanley & Co., LLC | 0.0% | 0.00¢ | 0.00¢ | 0.00¢ | $0 |
Goldman, Sachs & Co. | 0.0% | 0.00¢ | 0.00¢ | 0.00¢ | $0 |
Per-order-type figures are net cents received (+) or paid (−) per standard option contract covering 100 shares.
Quarterly payment history
| Report | Equities | Options |
|---|---|---|
| Q2 2026 | $38.6M | $60.1M |
How customer orders are executed
Reporting entities began collecting the amended data on August 1. This section will populate after E*TRADE publishes its first monthly summary and ChartRow verifies the source file.
Methodology and limits
ChartRow parses the broker-dealer's standardized public Rule 606(a) XML. Dollar totals sum the venues disclosed in that report and are scale-dependent—not a per-account measure or execution-quality score. Venue shares are percentages of orders, while payment rates are share- or contract-based; ChartRow does not combine those incompatible weights into a synthetic average.