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December 31 , 2005

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Securities   I  Exchange Listed Options  I 

Rule 11Ac1-6 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 December 31 , 2005

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

100.00%

Market orders as % of total non-directed orders

27.26%

Limit orders as % of total non-directed orders

56.88%

Other orders as % of total non-directed orders

15.86%

 

 

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Archipelago ECN

0.77%

BRUT ECN

0.88%

Citigroup Global Markets

5.96%

E*Trade Capital Markets

0.66%

INET ECN

2.17%

Lehman Brothers

29.74%

OES

2.08%

UBS Capital Markets

55.90%

Hudson Securities

1.83%

 

Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.22%

Limit orders as % of total orders

1.26%

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.

 

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2. BRUT ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

1.55%

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 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 % of total mrkt. orders

5.97%

Limit orders as % of total orders

5.55%

Other orders as % of total other orders

7.42%

 

 

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

 

 

4. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.61%

Limit orders as % of total orders

0.86%

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 E*Trade Capital Markets. Payment is based on size of executed order.

 

 

5. INET ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

3.81%

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 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. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

36.14%

Limit orders as % of total orders

28.85%

Other orders as % of total other orders

21.94%

 

 

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

 

 

7. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

2.66%

Limit orders as % of total orders

1.88%

Other orders as % of total other orders

1.79%

 

 

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

 

 

8. UBS Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

53.32%

Limit orders as % of total orders

53.66%

Other orders as % of total other orders

68.35%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities does not receive any payment for orders routed to UBS Capital Markets

 

 

9. Hudson Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.08%

Limit orders as % of total orders

2.57%

Other orders as % of total other orders

0.49%

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

 

 

Sec Rule 11ac1-6 Report

Summary Statistics:

Non-directed orders as % of total customer orders

100.00%

Market orders as % of total non-directed orders

20.87%

Limit orders as % of total non-directed orders

68.26%

Other orders as % of total non-directed orders

10.87%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Archipelago ECN

1.44%

BRUT ECN

0.31%

Citigroup Global Markets

2.32%

E*Trade Capital Markets

10.67%

INET ECN

30.23%

Lehman Brothers

27.09%

OES

0.37%

UBS Capital Markets

21.09%

Hudson Securities

6.43%

Vandham

0.02%

 

 

Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue

 

Market orders as % of total mrkt. orders

0.26%

Limit orders as % of total orders

2.00%

Other orders as % of total other orders

0.18%

 

 

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.

 

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2. BRUT ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.46%

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 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 % of total mrkt. orders

1.98%

Limit orders as % of total orders

2.08%

Other orders as % of total other orders

4.43%

 

 

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

 

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4. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

18.84%

Limit orders as % of total orders

9.86%

Other orders as % of total other orders

0.09%

 

 

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 % of total mrkt. orders

0.00%

Limit orders as % of total orders

44.29%

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 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.

 

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6. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

43.33%

Limit orders as % of total orders

19.38%

Other orders as % of total other orders

44.32%

 

 

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

 

 

7. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.72%

Limit orders as % of total orders

0.31%

Other orders as % of total other orders

0.09%

 

 

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

 

 

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

 

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8. UBS Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

25.95%

Limit orders as % of total orders

16.13%

Other orders as % of total other orders

42.93%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities does not receive any payment for orders routed to UBS Capital Markets

 

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9. Hudson Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

8.93%

Limit orders as % of total orders

5.42%

Other orders as % of total other orders

7.97%

 

 

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

 

 

10. VANDHAM

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 Vandham Securities

 

 

Sec Rule 11ac1-6 Report

Types of Orders Routed to Venue:

Non-directed orders as percentage of total customer orders

100.00%

Market orders as % of total mrkt. orders

12.31%

Limit orders as % of total orders

81.78%

Other orders as % of total other orders

5.90%

 

 

 

 

Venues Recieving Significant Percentage of Total Non-Directed Orders:

Summary Statistics:

Archipelago ECN

2.62%

BRUT ECN

4.84%

Citigroup Global Markets

8.67%

INET ECN

2.06%

Lehman Brothers

23.08%

OES

2.71%

UBS Capital Markets

53.93%

Hudson Securities

2.05%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Herzog

93%

Direct Access Brokerage Services

7%

Globenet

< 1%

 

Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.66%

Limit orders as % of total orders

3.10%

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.

 

 

3. BRUT ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

5.92%

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 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.

 

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4. Citigroup Global Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

9.52%

Limit orders as % of total orders

8.15%

Other orders as % of total other orders

14.09%

 

 

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

 

 

5. INET ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

2.52%

Other orders as % of total other orders

0.00%

 

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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. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

26.80%

Limit orders as % of total orders

22.27%

Other orders as % of total other orders

26.56%

 

 

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

 

 

7. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.55%

Limit orders as % of total orders

2.62%

Other orders as % of total other orders

6.47%

 

 

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

 

 

8. UBS Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

60.14%

Limit orders as % of total orders

53.60%

Other orders as % of total other orders

45.50%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities does not receive any payment for orders routed to UBS Capital Markets

 

 

9. Hudson Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.33%

Limit orders as % of total orders

1.77%

Other orders as % of total other orders

7.39%

 

 

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

Exchange-Listed Options

N/A

Types of Orders Routed to Venue:

No data available for Options.

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