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
27.0% of disclosed non-S&P orders
Routing destinations · June 2026
| Venue | Order share | Market | Marketable limit | Non-marketable limit | Net payments |
|---|---|---|---|---|---|
Morgan Stanley & Co., LLC | 27.0% | −0.10¢ | −0.59¢ | +13.58¢ | $9,253 |
CITADEL SECURITIES LLC | 21.7% | +18.64¢ | +19.78¢ | +28.21¢ | $428,000 |
Hudson River Trading (HRT) | 12.5% | +19.16¢ | +19.98¢ | +29.77¢ | $288,480 |
G1 Execution Services, LLC | 11.9% | +18.53¢ | +19.81¢ | +27.68¢ | $293,759 |
Virtu Americas, LLC | 10.4% | +14.83¢ | +16.55¢ | +24.74¢ | $168,157 |
Jane Street Capital | 10.2% | +13.76¢ | +8.60¢ | +24.21¢ | $150,698 |
GTS SECURITIES LLC | 2.9% | +20.00¢ | +20.00¢ | +31.00¢ | $62,623 |
Two Sigma Securities, LLC | 2.5% | +17.11¢ | +18.43¢ | +27.54¢ | $63,169 |
Cboe EDGX Exchange, Inc. | 0.2% | 0.00¢ | −21.19¢ | +32.01¢ | $10,897 |
MEMX LLC | 0.2% | 0.00¢ | −4.62¢ | +34.00¢ | $8,916 |
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.