Securities and Exchange Commission Rule 606 of Regulation NMS requires all broker-dealers to make publicly available a quarterly report with regard to their order routing practices for non-directed orders. The Rule excludes from the quarterly report those orders that are directed by a customer to a particular exchange or market for execution.
Cobra Trading’s report is available on the SEC 606 Rule Disclosure page. Click on the appropriate quarter below to access the data for the relevant time-period.
The following holds true starting with the Q3 – 2020 606 disclosure and for all subsequent 606 disclosures posted on this site. The data in the disclosure, and the disclosure itself, is generated and reported by Interactive Brokers on behalf of Venom Trading. The data includes all trade activity introduced to Interactive Brokers and serviced by Venom Trading.