2017056224801 tastytrade, Inc. CRD 277027 AWC ks.pdf
From January 2020 to January 2023, tastytrade failed to conduct reasonable regular and
rigorous reviews to ensure its customers’ equities orders obtained best execution. During
this period, the firm routed all customer equity orders exclusively to five market makers
that paid for order flow. However, the firm failed to compare the execution quality of its
routing arrangements to the execution quality available from competing markets to which
it did not route orders.