Great Point Capital SEC Rule 606(a) & 607 Disclosure
SEC Rule 606(a)
Under SEC Rule 606(a), broker-dealers that route equity and option orders on behalf of customers are required to prepare quarterly reports that disclose specific information about their order routing practices for non-directed1 orders in NMS stocks and option contracts in NMS securities.
Great Point Capital uses S3 Matching Technologies, LP as a vendor for this service. For GPC quarterly reports please link: https://public.s3.com/rule606/gpc/
SEC Rule 607
Pursuant to SEC Rule 607, Great Point Capital is required to disclose its payment for order flow practices. Great Point Capital may receive payment for order flow. Order flow payment is compensation received as an incentive to direct (i) securities trades to exchanges that provide rebates to post certain orders and (ii) option trades to option market makers or option exchanges that provide rebates for certain option orders. Great Point Capital allows traders to direct orders to specific executing broker-dealers, and to exchanges or electronic communication networks, during normal business hours and during extended trading sessions. Some of those market centers provide payments to Great Point Capital, or charge access fees depending upon the type of order and any subsequent execution. This compensation can be received in a various ways, including direct cash payment. In certain instances, reduced transaction fees may be provided. Details of these payments and fees can be provided by making a written request to Great Point Capital.