Trade Execution Speed
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Scottrade continuously strives to provide our customers with a fast and efficient execution experience. Trade execution speed is an important component of overall execution quality. Execution speed is measured from the time Scottrade routes your order to the marketplace until the time your order is executed at the trading center. Execution speed does not include the time it takes for the order to be reported back to Scottrade and be displayed to you in the "Today's Completed Orders" section of our Web site or another Scottrade online trading platform.
Trade execution speed information is based on analysis from Thomson Transaction Analytics. Thomson Transaction Analytics is not affiliated with Scottrade. Execution Speed is for NASDAQ 100 and S&P 500 market orders of 100 to 499 shares in size. The information does not include pre-market or after-hours orders or orders received during locked or crossed markets. It does include orders received during fast market conditions. This information is updated by the 15th of each month with the average trade execution speed calculated using data over the past 12 months.
You will always receive the price at which your order was executed at the trading center even though the execution report that Scottrade receives may be delayed (or "late") from the trading center. A "late report" refers to when Scottrade does not receive a timely execution report from a trading center.