Order Routing Practices



Regulations require Santander Securities LLC to make available quarterly reports that present a general overview of our routing practices. These reports identify the significant venues to which customers' orders were routed for execution during the applicable quarter. Santander Securities LLC transmits our customer orders to our clearing firm, National Financial Services, LLC (NFS), and Pershing LLC (Pershing), Members NYSE/SIPC. NFS and Pershing may then route these orders to various venues for execution.

For more information, please visit the links below:


National Financial Services, LLC

2022

1st Quarter 2022 Report (PDF)

1st Quarter 2022 Report (XML)


2021

4th Quarter 2021 Report (PDF)

4th Quarter 2021 Report (XML)




Pershing LLC

Pershing Order Routing Disclosure


Securities and advisory services are offered through Santander Investment Services, a division of Santander Securities LLC. Santander Securities LLC is a registered broker-dealer, Member FINRA and SIPC and a Registered Investment Adviser. Insurance is offered through Santander Securities LLC or its affiliates.

INVESTMENT AND INSURANCE PRODUCTS ARE:
NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NOT A BANK DEPOSIT

Santander Securities LLC U.S. registered representatives may only conduct business with residents of the states in which they are properly registered. Please note that not all of the investments and services mentioned on this website are available in every state.

The content on this website is intended for information/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. The information on this website does not constitute either tax or legal advice. Investors should consult with a financial, tax, or legal professional regarding their individual situation.

Investments are subject to risk, including the loss of principal. Because investment returns and principal values fluctuate, shares may be worth more or less than their original value. Some investments are not suitable for all investors, and there is no guarantee that any investing goal will be met. Past performance is no guarantee of future results.

Third-party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided at these websites. Information on such sites, including third-party links contained within, should not be construed as an endorsement or adoption by Santander Securities LLC or Santander Investment Services of any kind.

SSLLC is registered with the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board. An investor brochure that describes the protections available under MSRB rules and instructions on how to file a complaint with an appropriate regulatory authority can be found on the MSRB website at www.msrb.org.

Santander Investment Services is an affiliate of Santander Bank, N.A.