Settlement Instructions
The following table provides the various delivery instructions to National Financial Services LLC (NFS). Where “NFS A/C # xxx-xxxxxx” is indicated, enter the actual account number as available in WealthscapeSM.
| Deliver | Instruction |
|---|---|
| Depository Trust & Clearing Corporation (DTCC) Eligible |
# 0226 F/B/O NFS A/C # xxx-xxxxxx |
| Government/Fed Book Entry |
Bank of NYC/NRS ABA # 021000018 F/B/O NFS A/C # xxx-xxxxxx |
| Options |
OCC # 226 F/B/O NFS A/C # xxx-xxxxxx |
| Precious Metals (using non-ACAT) |
FideliTrade Incorporated Precious Metals Operations 3601 N. Market Street, Wilmington, DE 19890 F/A/O NFS 42269900 F/C Non-ACAT NFS A/C # xxx-xxxxxx |
| Physical Securities – DTC prefix |
DTC/BDS 570 Washington Blvd. Jersey City, NJ 07310 F/B/O NFS A/C # xxx-xxxxxx |
| Physical Securities – VLT prefix |
National Financial Services LLC Newport Office Center III 499 Washington Blvd. 5th floor Jersey City, NJ 07310 F/B/O NFS A/C # xxx-xxxxxx |
|
Foreign Securities
NOTE
For further information, contact the Fidelity Clearing & Custody Solutions® Support Line: (800) 877-2410, option 1, 4, 3. |
Euroclear Delivery vs. Payment Account # 98386 Delivery Free of Payment Account # 92961 F/B/O NFS A/C # xxx-xxxxxx Non-Euroclear Citibank |
| Fed Wire Instructions |
JP Morgan Chase Bank, NY One Chase Manhattan Plaza, New York City, NY 10005 ABA # 021000021 F/A/O NFS A/C # 066-196-221 F/B/O Customer’s name and A/C # xxx-xxxxxx |
|
NFS Agent Bank (AB #) NFS Institutional ID (ID #) NFS Central Registration Depository (CRD #) NFS Securities and Exchange Commission (SEC #) |
# 94181 # 94181 # 013041 # 8-026740 |
| For investment professional use only. Not authorized for distribution to the public as sales material in any form. References to specific securities should not be construed as a recommendation or investment advice. Third-party marks are the property of their respective owners. All other marks are the property of FMR LLC. Fidelity Clearing & Custody Solutions provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. 1.839304.106 686811.5.0 | |
The following table provides the standard settlement instructions for Velocity Clearing LLC. Where “Account Number” is indicated, enter the actual account number held at Velocity.
| Deliver | Instruction |
|---|---|
| General Information | |
| Participant Name | Velocity Clearing LLC |
| Tax ID | 27-2928635 |
| CRD | 126588 |
| SEC | 8-65894 |
| BIC Code | VCLEARUS33 |
| Participant IDs | |
| OCC Participant | 294 |
| DTC Participant | 0294 |
| DTC Stock Loan | 7359 |
| DWAC Instruction | DTC 0294 – “Account Number” |
| Prime Broker | |
| DTC | 0294 |
| Agent Bank ID | 94734 |
| Institutional ID | 94734 |
| Trade Suite Broker Dealer ID # | 00294 |
| USD Wire Instruction | |
|
USD Wire Instruction
NOTE
FFC: enter the customer’s account number at Velocity. |
BMO Harris Bank N.A. P.O. Box 755 Chicago, IL 60690-0755 ABA # 071 000 288 A/C # 4363784 F/F/C Customer’s name and A/C # at Velocity |
Egret Algos
The following table summarizes the available Egret equity execution algorithms, their strategy type, hours of availability, and an overview of each.
Please contact the desk to discuss accessing these algos through various front-end trading systems and specific configurations for your needs.
| Algo | Strategy | Hours Available | Overview |
|---|---|---|---|
| SOR | Smart Order Routing | 4:00 AM to 8:00 PM | SOR — Continuously scans and sweeps lit and dark venues to source liquidity at the best available prices. Ideal for immediate execution with minimal market impact and reduced information leakage. |
| POV | Percentage of Volume | 4:00 AM to 8:00 PM | POV — Participates in the market at a user-defined percentage of traded volume, scaling activity up or down with real-time market flow to balance urgency against impact. |
| VWAP | Volume Weighted Average Price | 9:30 AM to 4:00 PM | VWAP — Distributes execution across the trading day in line with historical and intraday volume profiles, aiming to match or outperform the volume-weighted average price benchmark. |
| TWAP | Time Weighted Average Price | 4:00 AM to 8:00 PM | TWAP — Slices the order into evenly spaced intervals over a defined time horizon, delivering predictable, steady participation that minimizes timing risk and signaling. |
| OMNI | Multi-Strategy | 4:00 AM to 8:00 PM* | OMNI — A unified, multi-strategy gateway that consolidates access to all liquidity-provider capabilities through a single ticket. Facilitates highly customized orders. |
* OMNI hours may vary by underlying strategy and venue availability.
Online trading platforms involve risks, including system outages, transmission delays, cybersecurity threats, and other technology-related disruptions that may prevent order entry, execution, or cancellation. During periods of market volatility or limited liquidity, orders may be executed at prices different from those displayed, or may not be executed at all. Market data and other information provided through the platform may be delayed or inaccurate. Clients are responsible for safeguarding their login credentials and monitoring account activity. All investments involve risk, including the possible loss of principal. Access to electronic trading does not reduce the risks associated with investing.
The following table summarizes the available Egret options execution algorithms, their strategy type, hours of availability, and an overview of each.
Please contact the desk to discuss accessing these algos through various front-end trading systems and specific configurations for your needs.
| Algo | Strategy | Hours Available | Overview |
|---|---|---|---|
| SOR | Options Smart Order Routing | 9:30 AM to 4:00 PM | SOR — Routes options orders across exchanges to source the best available prices, intelligently navigating fragmented liquidity and complex fee structures to minimize impact. |
| TWAP | Time Weighted Average Price | 9:30 AM to 4:00 PM | TWAP — Slices the order into evenly spaced intervals over a defined horizon, delivering steady, predictable participation that minimizes timing risk and signaling. |
| IMPROVE | Price Improvement | 9:30 AM to 4:00 PM | IMPROVE — Seeks execution inside the prevailing bid-ask spread through price-improvement mechanisms and auctions, working to achieve better fills than the displayed quote. |
| OMNI | Multi-Strategy | 9:30 AM to 4:00 PM* | OMNI — A unified, multi-strategy gateway consolidating access to all options liquidity through a single ticket. Facilitates highly customized orders. |
* OMNI hours may vary by underlying strategy and venue availability.
Online trading platforms involve risks, including system outages, transmission delays, cybersecurity threats, and other technology-related disruptions that may prevent order entry, execution, or cancellation. During periods of market volatility or limited liquidity, orders may be executed at prices different from those displayed, or may not be executed at all. Market data and other information provided through the platform may be delayed or inaccurate. Clients are responsible for safeguarding their login credentials and monitoring account activity. All investments involve risk, including the possible loss of principal. Options trading involves additional risks and is not suitable for all investors; please review the Characteristics and Risks of Standardized Options prior to trading. Access to electronic trading does not reduce the risks associated with investing.