606 Q3 2021 Reporting

SageTrader, LLC has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make available to the public quarterly reports about their order routing practices. The report provides information on the routing of "non-directed” and "held" customer orders- in U.S. exchange-listed equity securities and options where SageTrader has selected the execution venue on behalf of its customers.

Furthermore; the Firm is required to disclose the nature of any relationship it has with the venues it selects to route to for execution. This disclosure will include information surrounding “payment for orderflow” which the SEC broadly defines as forms of arrangements compensating broker-dealers for directing order flow, including monetary payment, reciprocal agreements, services, property, or any other benefit that results in remuneration, compensation or consideration to a broker-dealer in return for routing of customer orders as well as exchange rebates and credits. Information pertaining to the Firm’s routing relationships is enclosed here and within the Firm’s 606 Report. 

In accordance with U.S. Securities and Exchange Commission (SEC) Rule 606, SageTrader, LLC is publishing statistical information about our routing practices for non-directed orders. While SageTrader, LLC did receive Directed exchange listed option orders, SageTrader, LLC did not have any eligible non-directed exchange listed option orders during the current period

Please be advised as follows: 

In certain cases, SageTrader, LLC participates in programs which result in our receipt of remuneration, compensation or other consideration for having our customers place orders with other broker-dealers, exchanges and market centers for execution. SageTrader, LLC may also participate in programs which result in other broker- dealers' receipt of remuneration, compensation or other consideration for our customers placing orders with these executing brokers for execution.  Relevant information can be seen below.  Additional information regarding the source and nature of the compensation will be furnished upon written request to your customer service representative.


Rule 606(b)(3)

Effective January 1, 2020 the SEC began implementation of new Rule 606 which among other changes requires a broker-dealer, upon request of a customer that places not held orders, to provide specific disclosures, for the prior six months, regarding routing and execution of such orders as set forth under Rule 606(b)(3). Should you need information pertaining to Rule 606(b)(3) please contact compliance@sagetrader.com.