SEC Rule 11Ac1-6 - Order Routing Report
Success Trade Securities Inc.
1900 L Street NW Suite 525
SEC-Required Report on Routing of Customers Orders
For Quarter Ending December 31, 2006
Success Trade Securities Inc. has prepared this report
pursuant to a U.S. Securities and Exchange Commission rule requiring all
brokerage firms to make publicly available quarterly reports on their order
routing practices. The report provides information on routing of "non-directed
orders" - any order that the customer has not specifically instructed to
be routed to a particular venue on behalf of its customers.
The report is divided into four sections: one for securities
listed on the New York Stock Exchange and reported as a Network A eligible security; one for securities listed on the FINRAaq Stock Market; one for securities listed on the
American Stock Exchange or regional exchanges and reported as a Network B
eligible security; and one for exchange-listed options. For each section, this
report identifies the venues most often selected by Success Trade Securities
Inc., sets forth the percentage of various types of orders routed to the
venues, and discusses the material aspects of Success Trade Securities Inc.'s
relationship with the venues.
Sec Rule 11ac1-6 Report
|
Non-directed orders as percentage of total
customer orders |
100.00% |
|
Market orders as percentage of total
non-directed orders |
28.25% |
|
Limit orders as percentage of total
non-directed orders |
56.62% |
|
Other orders as percentage of total
non-directed orders |
15.13% |
Venues Recieving Significant
Percentage of Total Non-Directed Orders:
|
Archipelago ECN |
5.99% |
|
BRUT ECN |
0.28% |
|
Citigroup Global Markets |
0.45% |
|
Domestic Securities |
0.01% |
|
E*Trade Capital Markets |
0.04% |
|
INET ECN |
0.76% |
|
Lehman Brothers |
89.92% |
|
Order Execution Services |
0.09% |
|
|
1.80% |
|
Trimark |
0.66% |
Information Concerning Significant Venues:
1. Archipelago ECN
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
11.67% |
|
Limit orders as a percentage of total limit
orders |
4.72% |
|
Other orders as a percentage of total other
orders |
0.14% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing order flow to ARCA ECN. Payment is based on size
of executed order and whether or not the order has added liquidity to the ARCA
order book. Payment for qualifying orders during this period was $2.00 per
thousand shares executed.
2. BRUT ECN
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
0.50% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing equity order flow to BRUT ECN. Payment is based
on size of executed order and whether or not the order has added liquidity to
the BRUT order book. Payment for qualifying orders during this period was $2.00
per thousand shares executed.
3. Citigroup Global Markets
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.44% |
|
Limit orders as a percentage of total limit
orders |
0.46% |
|
Other orders as a percentage of total other
orders |
0.41% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
4. Domestic Securities
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.04% |
|
Limit orders as a percentage of total limit
orders |
0.00% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
5. E*Trade Capital Markets
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
0.07% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing equity order flow to E*Trade Capital Markets.
Payment is based on size of executed order.
6. INET ECN
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
1.34% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing order flow to INET ECN. Payment is based on size
of executed order and whether or not the order has added liquidity to the INET
order book. Payment for qualifying orders during this period was $2.00 per
thousand shares executed.
7. Lehman Brothers
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
84.84% |
|
Limit orders as a percentage of total limit
orders |
90.54% |
|
Other orders as a percentage of total other
orders |
97.11% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
8. Order Execution Services
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.26% |
|
Limit orders as a percentage of total limit
orders |
0.04% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
9.
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
2.10% |
|
Limit orders as a percentage of total limit
orders |
1.69% |
|
Other orders as a percentage of total other
orders |
1.65% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
10. Trimark
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.66% |
|
Limit orders as a percentage of total limit
orders |
0.64% |
|
Other orders as a percentage of total other
orders |
0.69% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
Sec Rule 11ac1-6 Report
|
Non-directed orders as percentage of total
customer orders |
100.00% |
|
Market orders as percentage of total
non-directed orders |
29.17% |
|
Limit orders as percentage of total
non-directed orders |
64.69% |
|
Other orders as percentage of total
non-directed orders |
6.14% |
Venues Recieving Significant
Percentage of Total Non-Directed Orders:
|
Archipelago ECN |
6.50% |
|
BRUT ECN |
0.31% |
|
Citigroup Global Markets |
0.04% |
|
Domestic Securities |
0.03% |
|
E*Trade Capital Markets |
55.32% |
|
INET ECN |
18.58% |
|
Knight Capital Markets |
0.63% |
|
Lehman Brothers |
17.60% |
|
|
0.98% |
|
UBS Capital Markets |
0.00% |
|
|
|
Information Concerning Significant Venues:
1. Archipelago ECN
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
7.79% |
|
Limit orders as a percentage of total limit
orders |
6.51% |
|
Other orders as a percentage of total other
orders |
0.15% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing order flow to ARCA ECN. Payment is based on size
of executed order and whether or not the order has added liquidity to the ARCA
order book. Payment for qualifying orders during this period was $2.00 per
thousand shares executed.
2. BRUT ECN
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
0.48% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing equity order flow to BRUT ECN. Payment is based
on size of executed order and whether or not the order has added liquidity to
the BRUT order book. Payment for qualifying orders during this period was $2.00
per thousand shares executed.
3. Citigroup Global Markets
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.06% |
|
Limit orders as a percentage of total limit
orders |
0.04% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
4. Domestic Securities
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.03% |
|
Limit orders as a percentage of total limit
orders |
0.03% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
5. E*Trade Capital Markets
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
68.14% |
|
Limit orders as a percentage of total limit
orders |
46.48% |
|
Other orders as a percentage of total other
orders |
87.62% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing equity order flow to E*Trade Capital Markets.
Payment is based on size of executed order.
6. INET ECN
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
28.72% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing order flow to INET ECN. Payment is based on size
of executed order and whether or not the order has added liquidity to the INET
order book. Payment for qualifying orders during this period was $2.00 per
thousand shares executed.
7. Knight Capital Markets
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.66% |
|
Limit orders as a percentage of total limit
orders |
0.57% |
|
Other orders as a percentage of total other
orders |
1.08% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
8. Lehman Brothers
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
22.19% |
|
Limit orders as a percentage of total limit
orders |
16.17% |
|
Other orders as a percentage of total other
orders |
10.85% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
9.
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
1.12% |
|
Limit orders as a percentage of total limit
orders |
0.99% |
|
Other orders as a percentage of total other
orders |
0.31% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
10. UBS Capital Markets
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
0.01% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
Sec Rule 11ac1-6 Report
|
Non-directed orders as percentage of total
customer orders |
100.00% |
|
Market orders as percentage of total
non-directed orders |
10.21% |
|
Limit orders as percentage of total
non-directed orders |
87.75% |
|
Other orders as percentage of total
non-directed orders |
2.05% |
Venues Recieving Significant
Percentage of Total Non-Directed Orders:
|
Archipelago ECN |
4.88% |
|
BRUT ECN |
0.81% |
|
Citigroup Global Markets |
1.45% |
|
E*Trade Capital Markets |
0.02% |
|
INET ECN |
0.64% |
|
Knight Capital Markets |
0.02% |
|
Lehman Brothers |
88.06% |
|
Order Execution Services |
0.03% |
|
|
1.57% |
|
Trimark |
2.51% |
|
|
|
Information Concerning Significant Venues:
1. Archipelago ECN
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
13.41% |
|
Limit orders as a percentage of total limit
orders |
3.98% |
|
Other orders as a percentage of total other
orders |
0.81% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing order flow to ARCA ECN. Payment is based on size
of executed order and whether or not the order has added liquidity to the ARCA
order book. Payment for qualifying orders during this period was $2.00 per
thousand shares executed.
2. BRUT ECN
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
0.92% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing equity order flow to BRUT ECN. Payment is based
on size of executed order and whether or not the order has added liquidity to
the BRUT order book. Payment for qualifying orders during this period was $2.00
per thousand shares executed.
3. Citigroup Global Markets
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
1.29% |
|
Limit orders as a percentage of total limit
orders |
1.50% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
4. E*Trade Capital Markets
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.16% |
|
Limit orders as a percentage of total limit
orders |
0.00% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing equity order flow to E*Trade Capital Markets.
Payment is based on size of executed order.
5. INET ECN
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
0.73% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
receives payment for directing order flow to INET ECN. Payment is based on size
of executed order and whether or not the order has added liquidity to the INET
order book. Payment for qualifying orders during this period was $2.00 per
thousand shares executed.
6. Knight Capital Markets
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
0.02% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
7. Lehman Brothers
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
80.45% |
|
Limit orders as a percentage of total limit
orders |
88.70% |
|
Other orders as a percentage of total other
orders |
98.39% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
8. Order Execution Services
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
0.00% |
|
Limit orders as a percentage of total limit
orders |
0.04% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
9. SUNGARD
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
1.13% |
|
Limit orders as a percentage of total limit
orders |
1.65% |
|
Other orders as a percentage of total other
orders |
0.00% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
10. Trimark
Types of Orders Routed to Venue:
|
Market orders as a percentage of total market
orders |
3.55% |
|
Limit orders as a percentage of total limit
orders |
2.42% |
|
Other orders as a percentage of total other
orders |
0.81% |
Material Aspects of Relationship with Venue:
Success Trade Securities
does not receive any payment for orders routed to this venue.
No data available for Options.