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Summary Statistics:
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Non-directed orders as % of total customer orders
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100.00%
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Market orders as % of total non-directed orders
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34.59%
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Limit orders as % of total non-directed orders
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59.30%
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Other orders as % of total non-directed orders
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6.11%
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Venues Receiving Significant % of Total Non-Directed Orders:
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Archipelago ECN
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12.48%
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Citigroup Global Markets
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0.99%
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E*Trade Capital Markets
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15.09%
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NASDAQ
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19.54%
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Knight Capital Markets |
5.61% |
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Lehman Brothers |
45.71% |
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Hudson Securities |
0.59% |
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Information Concerning Significant Venues:
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1. Archipelago ECN
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Types of Orders Routed to Venue
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Market orders as % of total market orders
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13.68%
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Limit orders as % of total orders
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13.04%
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Other orders as % of total other orders
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0.19%
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Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing order flow to Archipelago ("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. Citigroup Global Markets
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Types of Orders Routed to Venue:
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Market orders as % of total market. orders
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1.41%
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Limit orders as % of total limit orders
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0.68%
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Other orders as % of total other orders
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1.52%
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Material Aspects of Relationship with Venue:
Success Trade Securities does not receive any payment for orders routed to Citigroup Global Markets
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Go Top
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3. E*Trade Capital Markets
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Types of Orders Routed to Venue:
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Market orders as % of total market orders
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13.54%
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Limit orders as % of total limit orders
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15.39%
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Other orders as % of total other orders
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20.87%
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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.
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5. NASDAQ
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Types of Orders Routed to Venue:
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Market orders as % of total market orders
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0.00%
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Limit orders as % of total limit orders
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32.95%
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Other orders as % of total other orders
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0.00%
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Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing order flow to NASDAQ. Payment is based on size of executed order and whether or not the order has added liquidity to the NASDAQ order book. Payment for qualifying orders during this period was $2.00 per thousand shares executed.
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5. Knight Capital Markets
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Types of Orders Routed to Venue: |
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Market orders as % of total mrkt orders |
6.07% |
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Limit orders as % of total limit orders |
4.93% |
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Other orders as % of total other orders |
9.68% |
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Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing equity order flow to Knight Capital Markets.Payment is based on type and size of executed order. |
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6. Lehman Brothers
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Types of Orders Routed to Venue: |
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Market orders as % of total market orders |
65.27% |
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Limit orders as % of total limit orders |
32.03% |
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Other orders as % of total other orders |
67.74% |
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Material Aspects of Relationship with Venue:
Success Trade Securities does not receive any payment for orders routed to this venue. |
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7. Hudson Securities
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Types of Orders Routed to Venue: |
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Market orders as % of total market orders |
0.03% |
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Limit orders as % of total limit orders |
0.98% |
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Other orders as % of total other orders |
0.00% |
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Material Aspects of Relationship with Venue:
Success Trade Securities does not receive any payment for orders routed to this venue. |
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