Home
LowTrades

June 30, 2003

Intro  |  NYSE / Network A Securities  |  FINRAAQ Securities  |  American Stck. Ex. / Network B

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 June 30, 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

99.19%

Market orders as % of total non-directed orders

13.24%

Limit orders as % of total non-directed orders

67.76%

Other orders as % of total non-directed orders

19.00%

 

 

Venues Receiving Significant Percentage of Total Non-Directed Orders:

ABN Amro

29.80%

Direct Access Brokerage Services

15.70%

Globenet

54.50%

 

Information Concerning Significant Venues:

1. ABN Amro

Types of Orders Routed to Venue: 

Market orders as % of total orders

18.37%

Limit orders as % of total orders

21.54%

Other orders as % of total other orders

67.23%

 

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

 

 

2. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

22.31%

Limit orders as % of total orders

18.27%

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

 

Go Top

3. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

59.33%

Limit orders as % of total orders

60.20%

Other orders as % of total other orders

30.83%

 

 

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

89.59%

Market orders as % of total non-directed orders

15.19%

Limit orders as % of total non-directed orders

76.23%

Other orders as % of total non-directed orders

8.58%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

ABN Amro

28.11%

Attain

0.11%

Brokerage America

33.27%

Direct Access Brokerage Services

4.48%

OES

0.07%

Track

33.95%

 

Go Top

Information Concerning Significant Venues:

1. ABN Amro

Types of Orders Routed to Venue

 

Market orders as % of total mrkt. orders

41.11%

Limit orders as % of total orders

23.38%

Other orders as % of total other orders

47.16%

 

 

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

0.14%

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

50.21%

Limit orders as % of total orders

27.74%

Other orders as % of total other orders

52.40%

 

 

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

 

 

4. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

8.64%

Limit orders as % of total orders

4.12%

Other orders as % of total other orders

0.37%

 

 

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

0.00%

Limit orders as % of total orders

0.09%

Other orders as % of total other orders

0.06%

 

 

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

 

Go Top

 

 

6. Track

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

39.02%

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.

 

 

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

Summary Statistics:

Non-directed orders as % of total customer orders

90.49%

Market orders as % of total non-directed orders

6.32%

Limit orders as % of total non-directed orders

93.68%

Other orders as % of total non-directed orders

0.00%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

ABN Amro

36.58%

Direct Access Brokerage Services

23.44%

OES

39.98%

Information Concerning Significant Venues:

1. ABN Amro

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

9.71%

Limit orders as % of total orders

38.40%

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

 

 

 

Go Top

1. ABN Amro

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

20.86%

Limit orders as % of total orders

23.61%

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. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

69.43%

Limit orders as % of total orders

37.99%

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:

 

Go Top

 

Member FINRA & SIPC | Washington DC
System response may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors
Substantial risks are involved with electronic trading. Please read the statements, disclosures and notices linked below.
Options involve risk and are not suitable for all investors. Please review the Characteristics and Risks of Standardized Options.

Privacy Statement | Risk Disclosure Statement | SEC Rule 606 Disclosure | Penny Stock Disclosure | Investor Links
User Agreement | Margin Disclosure Statement | Extended Hours Trading | Business Continuity Plan