S&P 500 5,184.27 +0.42% NDX 18,427.10 +0.84% RUT 2,184.42 −0.18% DJIA 39,427.18 +0.21% VIX 12.40 −2.10% 10Y 4.28% +2 bp GOLD $2,418.20 +0.62% BTC $71,427 +1.84% S&P 500 5,184.27 +0.42% NDX 18,427.10 +0.84% RUT 2,184.42 −0.18% DJIA 39,427.18 +0.21% VIX 12.40 −2.10% 10Y 4.28% +2 bp GOLD $2,418.20 +0.62% BTC $71,427 +1.84% S&P 500 5,184.27 +0.42% NDX 18,427.10 +0.84% RUT 2,184.42 −0.18% DJIA 39,427.18 +0.21% VIX 12.40 −2.10% 10Y 4.28% +2 bp GOLD $2,418.20 +0.62% BTC $71,427 +1.84%
FIX latency · 0.4 ms · venue 11/14
FINRA · SIPC · audited Q4 2025
Brokerage · 0.4 ms cancel · since 2019
A brokerageterminal. Index is a self-clearing introducing broker for traders who care about the venue, the latency, and the rebate. Per-share pricing. No PFOF. Lending revenue returned. Tabular reporting.
portfolio · live · ws
14:27:42.184 ET Equity · NLV
$4,272,184.27
SYM QTY LAST CHG
AAPL 1,420 184.27 +0.42%
MSFT 840 418.10 +1.18%
NVDA 240 127.42 +2.40%
TSLA 120 184.10 −0.84%
AMZN 640 184.42 +0.62%
+12.4% YTD · vs SPX +8.42% Covered in
Northwind Capital Mercury Treasury Foundry 47 Wealth Plover & Co. Field Notes Capital Bloomberg Reuters WSJ Barron's Institutional Investor Northwind Capital Mercury Treasury Foundry 47 Wealth Plover & Co. Field Notes Capital Bloomberg Reuters WSJ Barron's Institutional Investor
Tabular numbers. Sub-ms cancel. No PFOF. The four mechanics of a brokerage that respects the desk.
Smart order router. Venue analytics. 14 venues. 32 order types. Median cancel 0.4 ms wire-to-wire. Per-share pricing with venue rebates returned to the client account.
70% of lending revenue · returned. Q1 returned $4.27M to clients. Schedule on the 606 page.
FIX drop. CSV. JSON. Tabular monthly + nightly position drop. No PDFs.
Services
Three desks. Per-share pricing. 01
Direct market access Route to NYSE, NASDAQ, ARCA, BATS. Smart order router with venue-level analytics. Sub-millisecond cancel.
Pricing
$0.0035 / share
Reg NMS · 605/606
02
Options & multi-leg Single-name and index options. Spreads, condors, calendars in one ticket. Commission-free per-contract over 50.
Pricing
$0.50 / contract
OCC cleared
03
Margin & securities lending Reg-T and portfolio margin. Securities lending revenue share, fully disclosed, posted nightly.
Pricing
SOFR + 1.4%
FINRA Rule 4210
A modern broker. Or the bulge bracket. Same exchange. Different transaction-cost report.
Comparison
Index
Bulge bracket
Order types
32 (incl. midpoint, peg, IOC)
6
Pricing transparency
Per-share + venue rebate share
Per-trade, opaque
Securities-lending revenue
Bank keeps 100%
From the desk
"We moved $182M off a bulge bracket and onto Index. Transaction-cost analysis came out 4.2 bps cheaper, with venue rebate share returned to the fund." Rafael Romero
Head of Trading, Foundry 47 Wealth
8.42%
avg client annual return
1,427
professional accounts
31 yrs
combined desk experience
Per-share. No PFOF. Posted nightly. The pricing you sign for is the pricing on the statement.
Personal Self-directed equities and ETFs. Per-share commissions. SIPC up to $500k.
Open account
Professional most chosen For active traders and small funds. Options, multi-leg, full FIX drop, lending revenue share.
Open account
Family office For multi-account family offices and small funds. Tiered commissions, dedicated coverage.
Open account Trust & compliance
The questions a desk should ask. Are my assets insured? Yes. SIPC protects up to $500,000 per account, including $250,000 in cash. Excess SIPC coverage is provided through our underwriter for an aggregate $150M of additional protection.
What about payment for order flow? How is the lending revenue share calculated? Open the account. Apex Clearing onboard. Funded by close. First trade routes through 14 venues, sub-ms cancel.