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March 31, 2002

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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 Mar 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

99.55%

Market orders as % of total non-directed orders

7.18%

Limit orders as % of total non-directed orders

88.61%

Other orders as % of total non-directed orders

4.21%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Herzog

89%

Direct Access Brokerage Services

10.86%

Herzog OTC

0.14%

 

Information Concerning Significant Venues:

1. Herzog

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

96.26%

Limit orders as % of total orders

90.82%

Other orders as % of total other orders

38.27%

 

 

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. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

3.74%

Limit orders as % of total orders

9.02%

Other orders as % of total other orders

 61.73%

 

 

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

 

 

3. Herzog OTC

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

< 1 %

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

 

 

Securities Listed On the FINRAAQ Stock Market

Summary Statistics:

Non-directed orders as % of total customer orders

94.06%

Market orders as % of total non-directed orders

19.51%

Limit orders as % of total non-directed orders

73.86%

Other orders as % of total non-directed orders

6.63%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Herzog

0.02%

Direct Access Brokerage Services

0.33%

Herzog_OTC

99.65%

 

 

 

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Information Concerning Significant Venues:

1. Herzog

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:
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

 0.49%

Limit orders as % of total orders

0.32%

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. Herzog_OTC

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

99.51%

Limit orders as % of total orders

99.65%

Other orders as % of total other orders

100%

 

 

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

89.49%

Market orders as % of total non-directed orders

15.94%

Limit orders as % of total non-directed orders

84.06%

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:

Market orders as % of total mrkt. orders

95.79%

Limit orders as % of total orders

70.66%

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

 

 

2. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

4.21%

Limit orders as % of total orders

29.34%

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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Exchange-Listed Options

N/A

Types of Orders Routed to Venue:

 

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