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March 31, 2003

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Securities
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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 Mar 31, 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

97.85%

Market orders as % of total non-directed orders

10.16%

Limit orders as % of total non-directed orders

72.02%

Other orders as % of total non-directed orders

17.82%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

ABN Amro

21.96%

Brokerage America

0.08%

OES

77.96%

 

Information Concerning Significant Venues:

1. ABN Amro

Types of Orders Routed to Venue: 

Market orders as % of total orders

70.46%

Limit orders as % of total orders

15.01%

Other orders as % of total other orders

22.41%

 

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:

 

 

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2. Brokerage America

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

0.09%

 

 

Material Aspects of Relationship with Venue:

 

 

3. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

29.54%

Limit orders as % of total orders

84.90%

Other orders as % of total other orders

77.50%

 

 

Material Aspects of Relationship with Venue:

 

 

Securities Listed On the FINRAAQ Stock Market

Summary Statistics:

Non-directed orders as % of total customer orders

89.13%

Market orders as % of total non-directed orders

12.48%

Limit orders as % of total non-directed orders

77.76%

Other orders as % of total non-directed orders

9.76%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

ABN Amro

10.03%

Attain

0.51%

Brokerage America

59.02%

OES

0.06%

Sage

0.04%

Track

30.34%

 

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Information Concerning Significant Venues:

1. ABN Amro

Market orders as % of total mrkt. orders

3.16%

Limit orders as % of total orders

11.82%

Other orders as % of total other orders

4.61%

 

 

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

96.62%

Limit orders as % of total orders

48.42%

Other orders as % of total other orders

95.39%

 

 

Material Aspects of Relationship with Venue:

 

 

3. Brokerage America

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. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.07%

Limit orders as % of total orders

0.06%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

5. Sage

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.15%

Limit orders as % of total orders

0.02%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

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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:

Succcess Trade Securities receives payment for directing equity order flow to TRACK ECN. Payment is based on size of executed order and whether or not the 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

88.48%

Market orders as % of total non-directed orders

10.44%

Limit orders as % of total non-directed orders

89.56%

Other orders as % of total non-directed orders

0.00%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

ABN Amro

42.79%

Brokerage America

2.28%

OES

54.93%

Information Concerning Significant Venues:

1. ABN Amro

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

48.55%

Limit orders as % of total orders

42.12%

Other orders as % of total other orders

0.00%

 

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2. Brokerage America

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.58%

Limit orders as % of total orders

2.47%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

3. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

50.87%

Limit orders as % of total orders

55.40%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

Exchange-Listed Options

N/A

Types of Orders Routed to Venue:

 

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