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December 31, 2002

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Securities
   I  Exchange Listed Options  I 

Rule 606 Quarterly Report

Success Trade Securities Inc.
1900 L Street NW
Suite 525
Washington, DC 20036

SEC-Required Report on Routing of Customer Orders
For Quarter Ending Dec 31, 2002

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 the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, Success Trade has selected the execution venue on behalf of its customers.

The report is divided into four sections:

  • Securities listed on the New York Stock Exchange and reported as a Network A eligible security
  • Securities listed on The FINRAaq Stock Market
  • Securities listed on the American Stock Exchange or regional exchanges and reported as a Network B eligible security
  • Exchange-listed options


For each section, this report identifies the venues most often selected by Success Trade, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Success Trade's relationship with the venues

 

Securities Listed on NYSE / Network A Eligible Security

Summary Statistics:

Non-directed orders as % of total customer orders

97.00%

Market orders as % of total non-directed orders

10.23%

Limit orders as % of total non-directed orders

67.42%

Other orders as % of total non-directed orders

22.35%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Direct Access Brokerage Services

ABN Amro

6.47%

Brokerage America

0.32%

Direct Access Brokerage Services

30.15%

Helfant

2.40%

OES

60.66%

 

Information Concerning Significant Venues:

1. ABN Amro

Types of Orders Routed to Venue: 

Market orders as % of total orders

15.17%

Limit orders as % of total orders

5.02%

Other orders as % of total other orders

6.84%

 

Material Aspects of Relationship with Venue:

 

 

2. Brokerage America

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.11%

Limit orders as % of total orders

0.34%

Other orders as % of total other orders

0.35%

 

 

Material Aspects of Relationship with Venue:

 

 

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4. Helfant

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

 3.56%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

5. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

80.51%

Limit orders as % of total orders

72.04%

Other orders as % of total other orders

17.23%

 

 

Material Aspects of Relationship with Venue:

 

 

Securities Listed On the FINRAAQ Stock Market

Summary Statistics:

Non-directed orders as % of total customer orders

79.28%

Market orders as % of total non-directed orders

16.25%

Limit orders as % of total non-directed orders

76.32%

Other orders as % of total non-directed orders

7.43%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

ABN Amro

2.26%

Attain

15.45%

Brokerage America

47.35%

Direct Access Brokerage Services

18.34%

OES

0.07%

Track

16.54%

 

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Information Concerning Significant Venues:

1. ABN Amro

Types of Orders Routed to Venue

 

Market orders as % of total mrkt. orders

8.16%

Limit orders as % of total orders

1.21%

Other orders as % of total other orders

0.11%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities does not receive any payment for orders routed to this venue

 

 

2. Attain

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

20.24%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

3. Brokerage America

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

63.35%

Limit orders as % of total orders

41.41%

Other orders as % of total other orders

73.29%

 

 

Material Aspects of Relationship with Venue:

 

 

4. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

6.37%

Limit orders as % of total orders

20.11%

Other orders as % of total other orders

26.26%

 

 

Material Aspects of Relationship with Venue:

 

 

5. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.15%

Limit orders as % of total orders

0.02%

Other orders as % of total other orders

0.34%

 

 

Material Aspects of Relationship with Venue:

 

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6. Track 

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

21.97%

Limit orders as % of total orders

17.00%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

Succcess Trade Securities receives payment for directing equity order flow to TRACK ECN. Payment is based on size of executed order and whether or not the order has added liquidity to the TRACK order book. Payment for qualifying orders during this period was $2.25 per thousand shares executed.

 

 

Securities Listed on American Stock Exchange or Regional Exchanges/Network B Eligible Security

Summary Statistics:

Non-directed orders as % of total customer orders

95.2%

Market orders as % of total non-directed orders

7.34%

Limit orders as % of total non-directed orders

92.66%

Other orders as % of total non-directed orders

0.00%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

ABN Amro

16.56%

Attain

0.05%

Brokerage America

1.15%

Direct Access Brokerage Services

20.87%

OES

61.38%

 

Information Concerning Significant Venues:

1. ABN Amro

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

30.00%

Limit orders as % of total orders

15.50%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

2. Attain

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

 0.05%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

3. Brokerage America 

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

4.38%

Limit orders as % of total orders

0.89%

Other orders as % of total other orders

 0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

4. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

4.38%

Limit orders as % of total orders

22.18%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

5. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

61.25%

Limit orders as % of total orders

61.39%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

Exchange-Listed Options

N/A

Types of Orders Routed to Venue:

 

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