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December 31, 2003

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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, 2003

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

96.77%

Market orders as % of total non-directed orders

26.63%

Limit orders as % of total non-directed orders

60.26%

Other orders as % of total non-directed orders

13.11%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Archipelago ECN

0.65%

Attain

0.02%

Belzberg

0.04%

Direct Access Brokerage Services

51.71%

OES

47.58%

 

Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue: 

Market orders as % of total orders

0.27%

Limit orders as % of total orders

0.96%

Other orders as % of total other orders

0.00%

 

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. Attain

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.03%

Other orders as % 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

 

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3. Belzberg

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.06%

Other orders as % 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. Direct Access Brokerage

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

46.31%

Limit orders as % of total orders

53.26%

Other orders as % of total other orders

55.57%

 

 

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

 

 

5. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

53.42%

Limit orders as % of total orders

45.69%

Other orders as % of total other orders

44.43%

 

 

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

 

 

Securities Listed On the FINRAAQ Stock Market

Summary Statistics:

Non-directed orders as % of total customer orders

94.27%

Market orders as % of total non-directed orders

20.40%

Limit orders as % of total non-directed orders

70.54%

Other orders as % of total non-directed orders

9.07%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Archipelago ECN

.0.54%

Attain

0.07%

GVRC

2.65%

OES

0.03%

Schwab

65.94%

Track

28.53%

Vandham

0.02%

Direct Access Brokerage Services

2.23%

 

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Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue

 

Market orders as % of total mrkt. orders

0.15%

Limit orders as % of total orders

0.68%

Other orders as % of total other orders

0.29%

 

 

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. Attain

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.11%

Other orders as % 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

 

 

33. GVRC

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.51%

Limit orders as % of total orders

3.32%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing equity order flow to GVRC. Payment is based on size of executed order.

 

 

4. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.04%

Other orders as % 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. Schwab

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

95.11%

Limit orders as % of total orders

53.41%

Other orders as % of total other orders

97.77%

 

 

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

 

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6. Track

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

40.45%

Other orders as % of total other orders

0.00%

 

 

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

 

 

7. Vandham

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.02%

Limit orders as % of total orders

0.02%

Other orders as % 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

 

 

8. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

3.21%

Limit orders as % of total orders

1.98%

Other orders as % of total other orders

1.94%

 

 

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

 

 

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

Summary Statistics:

Non-directed orders as % of total customer orders

88.25%

Market orders as % of total non-directed orders

15.37%

Limit orders as % of total non-directed orders

84.63%

Other orders as % of total non-directed orders

0.00%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Direct Access Brokerage Services

85.05%

OES

14.79%

Archipelago ECN

0.15%

Belzberg

0.02%

 

 

Information Concerning Significant Venues:

1. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

67.77%

Limit orders as % of total orders

88.18%

Other orders as % 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

 

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2. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

32.23%

Limit orders as % of total orders

11.62%

Other orders as % 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

 

 

3. Archipelago ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.17%

Other orders as % of total other orders

1.94%

 

 

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.

 

 

4. Belzberg

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

32.23%

Limit orders as % of total orders

11.62%

Other orders as % 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

 

 

Exchange-Listed Options

N/A

Types of Orders Routed to Venue:

 

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