Pursuant to SEC Rule 606, BlackRock Execution Services ("BES"), a wholly owned affiliate of BlackRock Institutional Trust Company, N.A., must provide its customers and the public with a general overview of its order routing practices. Each quarter, BES is required to identify its significant trading counter parties and upon a customer's request, disclose where that customer's orders were routed.
In compliance with this regulation, BES provides required information on orders directed using the FlexTrader order management system.
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