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FISN Order Routing Policies
Generally, First Internet Securities Network routes all customer equities or stock orders to its correspondent clearing firm, National Financial Services LLC. In turn, National Financial Services transmits your order for execution to various exchanges or market centers based upon a number of factors.
These factors include:
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Size of order.
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Trading characteristics of the security.
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Favorable execution price (including the opportunity for price improvement).
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Access to reliable market data.
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Availability of efficient automated transaction processing.
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Reduced execution cost through price concessions from market centers.
First Internet Securities Network does not anticipate receiving any inducement, monetary or otherwise, for the direction of order flow to National Financial Services or particular market centers. On the other hand, National Financial Services may receive some inducements for order routing.
First Internet Securities Network will accept customer requests for routing information regarding their specific equities trades. We will disclose the identity of the venue to which the customer’s orders were routed. We will disclose when the order was routed and whether it was directed or non-directed. This information will be available upon request in writing for all orders for the preceding six months. Click here to contact FISN with requests. | 
