For our Retail Clients (As Amended July 22, 2022)
T3 Trading Group, LLC, is a broker-dealer registered with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
1. What investment services can you provide me?
Our brokerage services include buying and selling securities at your direction (self-directed) and providing you with tools to place those transactions. This includes access to various Order Management Systems (OMS) order routing to execute your orders, and access to market data. We offer the ability to trade equities and options. T3TG offers no advice nor recommendations about buying, selling, or holding specific investments. It is your ultimate decision regarding the purchase or sale of investments.
For additional information regarding our broker-dealer, please visit our homepage.
Ask us -
What is your relevant experience, including your licenses, education, and other qualifications? What do these qualifications mean?
What OMS systems do I have access to? What is the difference in these systems?
Given my financial situation, should I choose an investment advisory service?
2. What fees will I pay?
The fees you will pay depend on the type of account you have, the market data you request, and potentially the amount of trading you do. Because we may receive payment for order flow in certain situations, we have an incentive to encourage you to trade more frequently and in greater amounts.
You will also pay certain administrative, regulatory, and other fees such as SEC fees on sell transactions, stock loan fees and fees to the exchanges you wish to receive data from.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce the amount you make on your investments over time. Please be sure you understand what fees and costs you are paying.
Ask us -
Help me understand how these fees are charged and how they might affect my investments.
3. Account Monitoring
All retail accounts are monitored by the firm through its proprietary trading monitor and daily exception reports. The monitoring is conducted in real time and daily to manage the Firm’s risk, not to monitor the risk to the Firm’s clients.
4. Account Minimums and Other Requirements
Each retail account has limits on buying power, maximum shares per order and maximum position size. These limits are set within the order management system. Our retail traders are generally active traders and accounts are required to have a minimum balance of $25,000 in order to day trade.
5. Examples of Ways We Make Money and Conflicts of Interest
T3 may receive remuneration for directing orders to a particular exchange or broker-dealer and may route orders to market centers including national securities exchanges, alternative trading systems, electronic communications networks, broker dealers and other liquidity sources that may offer credits for certain types of orders while assessing fees for other types of orders. In some cases, the credits offered by a market center may exceed the credits being offered back to you and the charges assessed may be less than the charges being billed back to you. Such remuneration is considered compensation to T3 and may constitute, according to regulatory interpretation, payment for order flow. T3 may also use exchanges, broker dealers or other market centers to route orders on their behalf, including Direct Market Access (DMA) orders. These arrangements give T3 a financial incentive to route orders to venues that provide such arrangements.
T3 handles all orders on a “not held” basis, including Direct Market Access (DMA) orders, which allows us to use price and time discretion with the objective of achieving the best overall execution possible and according to the protocols of the selected routing or execution strategy. This includes Immediate or Cancel (IOC) orders. In the course of handling an order, T3 may route to venues that may handle it on a riskless principal, principal and/or net trading basis or additionally use brokers that might route your order in a riskless principal, principal and/or net trading basis. Routed orders will be marked in T3’s, or the routing brokers, capacity and not in the capacity that the contra or destination acted.
Ask us -
How might any conflict of interest affect me, and how will you address them?
How do your financial professionals make money?
Ask us -
As a financial professional, do you have any disciplinary history? For what type of conduct?
7. Who is my primary contact person? Who can I talk to if I have concerns?
All accounts have a designated representative assigned to you. Should your representative leave the firm or you are unhappy with your representative, another one will be assigned to you. Please keep in mind this person does not offer any investment advice.