Optiver Execution Services Disclosures
Anti-Money Laundering Program Disclosure
Optiver Execution Services LLC (“OES”) has established an anti-money laundering program generally designed to comply with all applicable AML rules and regulations.
To help the government fight the funding of terrorism and money-laundering activities, federal law requires OES to obtain, verify, and record information that identifies each individual or entity that enters into a customer relationship with OES. Each customer will be asked to provide certain information so that OES may properly establish and verify the customer’s identity.
Business Continuity Plan
Optiver Execution Services LLC (“OES”) has developed a Business Continuity Plan (“BCP”) on how we will respond to events that significantly disrupt our business in accordance with FINRA Rule 4370. Since the timing and impact of disasters and disruptions is unpredictable, we will be flexible in responding to actual events as they occur.
In the event of a significant business disruption, OES will make an assessment of the overall impact of the disruption on OES’s business with a goal of recovering and resuming operations as quickly as possible. The BCP addresses the following areas: (1) data back‐up and recovery; (2) all mission critical systems; (3) financial and operational assessments; (4) alternate communications with customers; (5) alternate communications between OES and its employees; (6) alternate physical location of employees; (7) critical vendors and other business contacts; (8) regulatory reporting; and (9) communications with regulators.
Significant business disruptions may vary in scope. For example, a disruption may affect only OES, the building in which OES is located, the business district where OES is located or an entire region. Further, the impact of the disruption may also vary from minimal to severe. The extent and severity of the disruption will determine the steps taken by OES. If a disruption only affects OES and is minimal, OES may conclude that it is not necessary to transfer operations to another location. If, on the other hand, a severe disruption affects the entire region, it is more likely that OES will attempt to transfer its operations to a site outside the affected area.
Should there be a serious business disruption, OES clients are encouraged to access information via the OES website (www.optiver.com/institutional-trading/optiver-execution-services) or contact us at [email protected] for further information.
Characteristics and Risks if Standardized Options Disclosure Document
Prior to buying or selling an option, investors must be provided with a copy of the Options Disclosure Document (ODD). The full ODD and any related supplements is available to all Optiver Execution Services LLC institutional customers on The Options Clearing Corporation website at: https://www.theocc.com/company-information/documents-and-archives/options-disclosure-document.
Rule 606 Disclosure
Under SEC Rule 606(a), broker-dealers that route equity and option orders on behalf of customers are required to prepare quarterly reports that disclose specific information about their order routing practices for non-directed orders in NMS stocks and option contracts in NMS securities. For the purpose of this Rule, Optiver Execution Services has entered into an agreement with S3 to disclose all required information pertaining to this rule. This information can be accessed at: http://public.s3.com/rule606/OES/
SIPC Disclosure
Optiver Execution Services LLC is a member of the Securities Investor Protection Corporation (“SIPC”). Clients may obtain information about SIPC, including the SIPC brochure, by contacting SIPC via phone at (202) 371-8300 or e-mail at [email protected] or by visiting the SIPC website at www.sipc.org.
FINRA BrokerCheck Disclosure
FINRA makes available information regarding its member firms, including Optiver Execution Services LLC, and the professional background and history of the registered personnel employed by its member firms.Such information can be obtained, at no charge, by accessing BrokerCheck directly online at www.brokercheck.finra.org. Investors also may inquire about the BrokerCheck services by calling FINRA’s hotline at (800) 289-9999.
Customer Complaints
Customers who wish to lodge a complaint regarding Optiver Execution Services LLC may direct their complaint to:
Optiver Execution Services, LLC
Attn: Compliance
130 E. Randolph Street, Suite 800
Chicago, IL 60601
Or