Weeden understands the pressures placed on our buyside clients and makes available various methods for payment towards clients' external research commitments consistent with obtaining "Best Execution". Our clients have the ability to allocate global commissions for trades directed through Weeden via high touch sales traders, low touch Algo/DMA, program trades and One Pipe. Weeden offers automated web based commission management administrative services through Cogent CSA Trak BD Portal. 
            * Commission Sharing Arrangements (CSA) - Ability for a money manager to pool commissions and instruct executing broker dealer (Weeden) to pay on their behalf vendors/broker dealers providing brokerage and research services in which the client intends such products and services to be eligible under the safe harbor of Section 28(e) of the Exchange Act. 
            * Traditional Soft Dollar Commission Business - We continue to provide a soft dollar commission business and direct administration of client invoices and payments with negotiated and competitive hard/soft ratios. Each client receives detailed monthly statements, customized to its needs.
            * Aggregators- Weeden has direct clear thru relationships with broker dealers who are third party research soft dollar providers. These aggregators combine your soft dollar bills, provide administration and negotiate directly with you a hard/soft ratio. Aggregators are not acting as an executing broker but have created a network of execution brokers, which includes Weeden.
            * Directed Brokerage & Commission Recapture - Weeden maintains various broker dealer relationships for Directed Brokerage as well as Commission Recapture.
            * Step Outs - Weeden offers clients the ability to do Step Outs to brokers of choice.

For further information, contact your Weeden Sales Trader or Lance Lonergan, Co-CEO, lance@weedenco.com, 203-861-9315.