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
24.8% of disclosed non-S&P orders
Routing destinations · June 2026
| Venue | Order share | Market | Marketable limit | Non-marketable limit | Net payments |
|---|---|---|---|---|---|
CITADEL SECURITIES LLC | 24.8% | +17.31¢ | +15.45¢ | +24.85¢ | $3.6M |
Morgan Stanley & Co., LLC | 15.3% | −0.06¢ | −0.17¢ | +11.78¢ | $76,322 |
Hudson River Trading (HRT) | 15.0% | +17.45¢ | +15.51¢ | +20.23¢ | $2.2M |
Jane Street Capital | 12.8% | +14.34¢ | +7.37¢ | +15.28¢ | $1.1M |
Virtu Americas, LLC | 12.7% | +15.35¢ | +12.71¢ | +15.65¢ | $1.3M |
G1 Execution Services, LLC | 12.1% | +17.53¢ | +16.62¢ | +20.05¢ | $2.7M |
GTS SECURITIES LLC | 3.8% | +20.00¢ | +20.00¢ | +31.00¢ | $520,961 |
Two Sigma Securities, LLC | 2.8% | +16.66¢ | +15.27¢ | +16.50¢ | $549,265 |
Cboe EDGX Exchange, Inc. | 0.3% | 0.00¢ | −8.09¢ | +20.03¢ | $66,508 |
MEMX LLC | 0.3% | 0.00¢ | −0.64¢ | +26.86¢ | $35,220 |
Per-order-type figures are net cents received (+) or paid (−) per hundred 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.