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June 30,2002

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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 Jun 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

98.33%

Market orders as % of total non-directed orders

13.77%

Limit orders as % of total non-directed orders

79.13%

Other orders as % of total non-directed orders

7.10%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Direct Access Brokerage Services

21.41%

Forge

1.05%

Globenet

77.38%

Herzog_OTC

0.15%

 

Information Concerning Significant Venues:

1. Direct Access Brokerage Services

Types of Orders Routed to Venue: 

Market orders as % of total orders

1.27%

Limit orders as % of total orders

21.03%

Other orders as % of total other orders

64.75%

 

Material Aspects of Relationship with Venue:

 

 

Account Transfers

2. Forge

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.06%

Limit orders as % of total orders

1.07%

Other orders as % of total other orders

0.82%

 

 

Material Aspects of Relationship with Venue:

 

 

Go Top

3. Globenet

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.02%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

4. Herzog

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

97.68%

Limit orders as % of total orders

77.70%

Other orders as % of total other orders

34.43%

 

 

Material Aspects of Relationship with Venue:

 

 

5. Herzog_OTC

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.18%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

Securities Listed On the FINRAAQ Stock Market

Summary Statistics:

Non-directed orders as % of total customer orders

87.01%

Market orders as % of total non-directed orders

17.81%

Limit orders as % of total non-directed orders

77.65%

Other orders as % of total non-directed orders

4.54%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Direct Access Brokerage Services

1.84%

Forge

1.18%

Globenet

0.07%

Herzog

0.08%

Herzog_OTC

96.83%

 

Go Top

Information Concerning Significant Venues:

1. Direct Access Brokerage Services

Types of Orders Routed to Venue

 

Market orders as % of total mrkt. orders

1.59%

Limit orders as % of total orders

1.94%

Other orders as % of total other orders

1.01%

 

 

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

 

 

2. Forge

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.43%

Limit orders as % of total orders

1.40%

Other orders as % of total other orders

0.34%

 

 

Material Aspects of Relationship with Venue:

 

 

3. Globenet

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.22%

Limit orders as % of total orders

0.04%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

4. Herzog

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.10%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

5. Herzog_OTC

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

97.76%

Limit orders as % of total orders

96.52%

Other orders as % of total other orders

98.65%

 

 

Material Aspects of Relationship with Venue:

 

Go Top

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

Summary Statistics:

Non-directed orders as % of total customer orders

95.31%

Market orders as % of total non-directed orders

10.00%

Limit orders as % of total non-directed orders

90.00%

Other orders as % of total non-directed orders

0.00%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Herzog

93%

Direct Access Brokerage Services

7%

Globenet

< 1%

Information Concerning Significant Venues:

1. Herzog

Types of Orders Routed to Venue:

Direct Access Brokerage Services

27.95%

Forge

0.74%

Herzog

70.90%

Herzog_OTC

0.41%

 

Go Top

Information Concerning Significant Venues:

1. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

31.06%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

2. Forge

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.82%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

3. Herzog

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

97.54%

Limit orders as % of total orders

67.94%

Other orders as % of total other orders

 0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

3. Herzog_OTC

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

2.46%

Limit orders as % of total orders

0.18%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

Go Top

Exchange-Listed Options

N/A

Types of Orders Routed to Venue:

 

 

 

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