Disclosure of order execution and routing practices

Equity Order Types and Order Handling

Edward Jones offers a variety of order types to its clients including market orders, limit orders, and stop orders.

Edward Jones is not a market maker, nor does it trade principally for its own accounts.

Edward Jones routes client orders to other unaffiliated broker dealers for execution. When determining where to route an order, the firm seeks to obtain the best possible price for its clients, which is generally determined by the likelihood and amount of potential price improvement. Other factors taken into consideration include order type, size of the order, trading characteristics of the security (i.e. spread, liquidity available), condition of the market (i.e. volatility), client instructions (i.e. Not Held), and any other considerations the firm deems relevant at the time of execution.

Edward Jones does not accept compensation in the form of payment for order flow.

Edward Jones is committed to receiving best execution quality for its clients by conducting regular reviews of the execution quality and takes all market participants and liquidity providers into consideration when making its routing decisions.

For information on where the firm currently routes its orders for execution, please see the firm's most recent Rule 606 report below. 

Notice regarding trading sessions

Edward Jones does not accept orders for premarket, after-hours, or overnight trading sessions. Client orders are only accepted for "regular trading hours" as defined by Rule 600 of Federal Regulation NMS (9:30 a.m. – 4 p.m. ET).

Trading In Extraordinary Circumstances & Volatile Markets

Economic news, earnings reports, legal situations, and many other market sensitive announcements can have a significant impact on the markets and result in periods of extreme volatility. It is important for investors to understand how special circumstances and volatility can affect the markets, trading systems, and the dissemination of trade/quote information. Investors should consider discussing the use of limits orders with their financial advisor during periods of volatility.

Disclosure of order execution and routing practices

U.S. Securities and Exchange Commission (SEC) rules require firms to publish, on a public website, specific data related to order execution (Rule 605) and order routing (Rule 606) practices.

Rule 605
SEC Rule 605 requires certain broker-dealers and market centers to publish reports on the quality of order executions for covered orders in National Market System (NMS) stocks.

These reports include:

  • Summary Reports – High-level execution quality metrics.
  • Detailed Reports – More granular execution statistics based on order characteristics and size.

The data is categorized by security, order type (for example, market orders and marketable limit orders), and notional order size.

The link below provides Edward Jones' Rule 605 execution quality statistics for each reportable capacity in which Edward Jones is required to publish execution quality information.

Rule 606
SEC Rule 606 states that broker-dealers who route "non-directed" customer orders in equity securities must make publicly available quarterly reports that identify the venues to which customer orders are routed for execution. For agency transactions, Edward Jones determines its stock routing preference based on SEC Rule 605 monthly quality of execution statistics that are publicly available and internal measures of quality proprietary to us.

Please note that the information you are about to view is hosted on the S3/FINRA websites. Edward Jones believes the information on the S3/FINRA websites to be reliable but cannot guarantee its accuracy. Furthermore, S3/FINRA may have privacy and security practices different from those of Edward Jones.