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Siebert Trading Group
Overview
Equities Market Making
Executions & Liquidity
Order Types & Handling
Execution Quality & Order Routing

Executions & Liquidity

We strive to provide one of
the lowest average effective
spreads in the industry.

Learn More

Order Types & Handling

We handle a variety of order
types including limit orders,
on close orders and much more.

Learn More

Execution Quality & Order Routing

STXG maintains a regular and rigorous
review of order handling and execution with
access to numerous tools and reports.

Learn More

Equities Market Making (STXG)

Behind STXG

Siebert Trading Group (STXG) offers superior service and best execution through a unique business model that combines the best of automation and experienced trader interaction for Domestic and Foreign securities including NYSE, AMEX, NASDAQ, OTCBB, Pink Sheet, ADR’s and Foreign Ordinary shares. Our automated and manual executions and dedication to superior client service have withstood the tests of rapidly evolving market structure and trading strategies.

Our Advantages

Our strengths include: trading experience in Domestic and Foreign markets, enhanced liquidity, and the search for significant price improvement. Each of Siebert Trading Group’s clients has a dedicated representative because frequent interaction is the basis of our service platform. We strive to add significant liquidity in all securities traded.

Some sectors we trade and make markets in include:

Bank Stocks

International Securities

Preferred and Convertible Securities

Corporate Bonds

Rare and Inactive Securities

Government Agencies

Distressed Securities

Special Purpose Acquisition Companies

With Siebert Trading Group and our experienced traders, we can handle larger orders to get you and your company excellent executions at a great price.

Executions and Liqudity

Price Discovery

Liquidity

Multiple Orders

Price Discovery
STXG utilizes an integrated trading platform that automates access to markets including the NYSE, AMEX, NASDAQ, and all major ECN’s with additional services for VWAP and Algorithmic trading strategies. We strive to provide one of the lowest average effective spreads in the industry.
Liquidity
STXG’s system offers automatic execution for eligible orders under normal market conditions at the displayed price and size determined by the national best bid and offer (NBBO) at the time of receipt of your order.

We offer VWAP Services based upon both time and volume, to the best of our ability. Orders in less liquid, high priced, and/or more volatile securities are subject to lower liquidity guarantees. During periods of unusual market conditions, we reserve the right to adjust our execution parameters accordingly. In instances when the NBBO is locked or crossed, we follow FINRA guidelines as prescribed for handling these situations.

Siebert Trading Group’s automatic execution policy is intended for normal market conditions. Orders received during abnormal market conditions may be subject to lower liquidity guarantees. In addition, our liquidity guarantee is intended to cover individual orders.

Multiple Orders
Multiple orders that are the result of a single investment decision may be treated as a single order to the extent that the aggregate size of these orders exceeds our guaranteed liquidity threshold. Siebert Trading Group reserves the right to adjust liquidity guarantees on a client by client basis.

Single Price Opening for All Securities STXG’s system provides an automated, single-price opening. Eligible pre-opening market and marketable limit orders will be priced based on the opening print on the primary exchange for Listed issues and generally at the NASDAQ Official Opening Price (NOOP) for NASDAQ issues.

Oversized orders (10,000 shares or $200,000) and orders received after 9:28:00 a.m. EST are not guaranteed the NYSE or NASDAQ opening price.
Questions?
Contact Siebert Trading Group

Order Types AND Handling

Order Types Offered

Order Handling

Order Types Offered
Limit Orders - The system automatically executes or displays any held limit order up to 10,000 shares or $200,000 that are priced equal to or better than our quote or that will add to the size of the current quote unless the client requests that we do not display.

Premarket & Postmarket Orders - STXG accepts electronic and manual client orders for execution in the premarket or post market session.

On Close Orders - STXG’s system executes market on close (MOC) and limit on close (LOC) orders entered prior to 3:50 PM eastern at the Primary Exchange or NASDAQ closing price.

Stop Orders - STXG accepts stop orders in all stocks in which we make a market. Stop orders are not eligible for STXG auto execution.
Order Handling
Limit Order Handling - STXG’s system provides limit order protection in compliance with the SEC Limit Order Display Rule that market makers reflect their clients’ order in their quote. The system automatically executes or displays any held limit order up to 10,000 shares or $200,000 that are priced equal to or better than our quote or that will add to the size of the current quote unless the client requests that we do not display.

SEC Order Handling Rules - STXG’s system is programmed to maintain continual and ongoing compliance with all SEC Order Handling and Regulation NMS Rules automatically. A full suite of compliance reports are regularly reviewed by a compliance representative.

Trading Halts -When trading on the primary listing market is halted; STXG will not execute any client orders during the halt. The periods just before and after a trading halt may be considered as abnormal market conditions. Orders executed during this period are subject to review and may be cancelled or adjusted to reflect market conditions. Marketable orders received during a halt will be priced based on the re-opening market on the primary listing exchange.

Short Sales Discovery - In accordance with current industry regulations, STXG requires that all short sale orders received from non-member broker/dealers be accompanied by an indication that a stock locate has been performed and that the security is available for delivery by settlement date, or confirmed that the security can be borrowed for delivery by the settlement date.

Execution Quality Monitoring - STXG maintains a regular and rigorous review of order handling and execution. This department has access to numerous tools and reports designed specifically to review compliance with industry regulations and overall best practices on a daily and monthly basis. Historical execution quality statistics can be provided upon request.
Questions?
Contact Siebert Trading Group

Execution Quality AND Order Routing

Execution Quality

Order Routing

Execution Quality
STXG maintains a regular and rigorous review of order handling and execution with access to numerous tools and reports designed specifically to review compliance with industry regulations and overall best practices on a daily and monthly basis. Historical execution quality statistics can be provided upon request.
Order Routing
To view download and/or view our execution quality and market maker order routing, click the links below.
‍
605 Execution Quality - Select STXG

606 Market Maker Order Routing - Select STXG
Questions?
Contact Siebert Trading Group

take the next step

Equities Market Making

Phone: (800)
993-2009

Request a Call

talk to
a
professional

A representative will
get back to you.

Contact Form

Email
us
‍

service@siebert.com
‍

service@siebert.com

Equities Market Making

Phone: (800) 993-2009

Request a Call

talk to a
professional

A representative will
get back to you.

Contact Form

Email us

service@siebert.com

service@siebert.com
service@siebert.com
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Siebert Financial Corporation (“Siebert”) has a full range of brokerage and financial advisory services offered through its operating subsidiaries, affiliates and brands associated with Siebert Financial described below.

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Muriel Siebert & Co., LLC Member: FINRA | NYSE | SIPC  – Provides brokerage and custodial related services and is the registered Broker Dealer and wholly owned subsidiary of Siebert Financial Corporation.

‍Siebert AdvisorNXT, LLC. (“SiebertNXT”) – A Registered Investment Advisor that provides investment advisory services and discretionary investment management for a fee. SiebertNXT is the brand name for Siebert AdvisorNXT, LLC. Prior to investing in a managed SiebertNXT portfolio, we will obtain important information from you about your financial profile and risk tolerances and we will provide you with a detailed investment proposal, investment Advisory Agreement and Wrap Fee Programs Brochure. These documents contain important information that should be carefully read before enrolling in a managed account program. Siebert AdvisorNXT, LLC. is a wholly owned subsidiary of Siebert Financial Corporation. Please read SiebertNXT Disclosures for more information.

Park Wilshire Companies, Inc. ("Siebert Insurance") - Offer insurance products and annuity investments through Park Wilshire Companies, Inc., a wholly owned subsidiary of Siebert Financial Corporation. Please read Siebert Insurance Disclosures and Siebert Annuities Disclosure.

RISE Financial Services LLC ("RISE Prime Services") - is a registered Broker Dealer and subsidiary of Siebert Financial Corporation. RISE Prime is a division of RISE Financial Services, LLC.

‍Siebert Employee Share Plans & Siebert Corporate Services – Partners with public companies to offer share plan administration solutions and services on behalf of their employees. Please read Siebert Corporate Service Disclosure.

Siebert Online and SiebertNXT response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance.

You should always carefully consider the investment objectives, risks, charges and expenses of any investment before investing. Investing in securities products involves risk, including possible loss of principal.

Siebert Financial Corporation (“Siebert”) its affiliates & subsidiaries do not provide tax advice, and you should always consult your own tax advisor before taking any action that may have tax consequences.
© 2024 Siebert Financial Corporation
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