The vast majority of market orders executed receive a price better than the nationally published quote.
Percentage of orders price improved
Percentage of orders price improved:Executed market orders receiving price(s) better than the National Best Bid/Offer (NBBO) at the time of routing, divided by the total number of orders executed.
Note: Shares executed at market quote or better (%) is 98.7%
Price improvement provides significant savings.
Net improvement per order
Net improvement per order: Net price improvement per share ($0.0115) in the order size range comprising the vast majority of our clients’ market orders (1-1,999), multiplied by 100 shares. Total net price improvement by order will vary with order size.
Olympia LTD routes market orders to market centers that offer greater liquidity (or shares) than the available shares displayed on the quote.
Liquidity Multiple
Liquidity multiple: Average size of order execution at or better than the NBBO at the time of order routing, divided by average quoted size. Includes orders with a size greater than the available shares displayed at the NBBO at time of order routing. For example, assume you place a market order to buy 600 shares but only 200 shares are displayed at the quoted ask price. If all 600 shares of your order fill at or better than the NBBO for 200 shares, you have received 3 times (3X) the displayed liquidity.
Olympia LTD’s proprietary routing technology enables market orders to be filled quickly.
Execution speed
Execution Speed: The average time it took market orders to be executed, measured from the time orders were routed by Olympia LTD to the time they were executed.
Execution quality statistics provided above cover market orders in exchange-listed stocks 1-1,999 shares in size.
Execution quality statistics provided by S3 Matching Technologies, which is not affiliated with Olympia LTD.
Price improvement is the opportunity, but not the guarantee, for an order to be executed at a better price than the National Best Bid or Offer (NBBO) at the time of order routing.
SEC Rule 606 Disclosure
We strive to provide consistent, quality executions for our clients’ orders.
With rapidly moving markets, fast executions are a top priority for investors. Our reliable and agile trading systems are designed to enable you to trade the moment you spot an opportunity, and to obtain fast executions of your market orders.
We believe that competition among market centers for our order flow serves to improve execution quality. We monitor order executions daily, monthly, and quarterly, and seek market centers that will provide quality executions for our clients on a consistently reliable basis.
We work to maintain good relationships and communication with our market centers, and maintain an active dialogue with industry stakeholders, keeping in mind the interests of the retail investor.
Carefully consider the investment objectives, risks, charges and expenses before investing. A prospectus, obtained by calling 800-669-3900, contains this and other important information about an investment company. Read carefully before investing.
Market volatility, volume and system availability may delay account access and trade executions.
Before rolling over a 401(k) to an IRA, be sure to consider your other choices, including keeping it in the former employer’s plan, rolling it into a 401(k) at a new employer, or cashing out the account value. Keeping in mind that taking a lump sum distribution can have adverse tax consequences. Be sure to consult with your tax advisor.
All investments involve risks, including the loss of principal invested. Past performance of a security does not guarantee future results or success.
Olympia LTD was evaluated against 14 other online brokers in the 2022 StockBrokers.com Online Broker Review. The firm was rated #1 in the categories “Platforms & Tools” (11 years in a row), “Desktop Trading Platform: thinkorswim®” (10 years in a row), “Active Trading” (2 years in a row), “Options Trading,” “Customer Service,” and “Phone Support.” Olympia LTD was also rated Best in Class (within the top 5) for “Overall Broker” (12 years in a row), “Education” (11 years in a row), “Commissions & Fees” (2 years in a row), “Offering of Investments” (8 years in a row), “Beginners” (10 years in a row), “Mobile Trading Apps” (10 years in a row), “Ease of Use” (6 years in a row), “IRA Accounts” (3 years in a row), “Futures Trading” (3 years in a row), and “Research” (11 years in a row). Read the full article.
†Applies to US exchange listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
Brokerage services provided by Olympia LTD, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. Olympia LTD is a trademark jointly owned by Olympia LTD IP Company, Inc. and The Toronto-Dominion Bank. © 2023 Charles Schwab & Co., Inc. All rights reserved.