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March 31, 2006

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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 March 31, 2006

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

100.00%

Market orders as % of total non-directed orders

34.39%

Limit orders as % of total non-directed orders

54.58%

Other orders as % of total non-directed orders

11.03%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Archipelago ECN

0.72%

BRUT ECN

0.03%

Citigroup Global Markets

0.18%

Domestic Securities

0.03%

E*Trade Capital Markets

0.13%

E*Trade Capital Markets

0.30%

INET ECN

5.25%

Lehman Brothers

83.77%

OES

0.07%

Hudson Securities

0.46%

 

9.05%

 

Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue: 

Market orders as % of total orders

0.13%

Limit orders as % of total orders

1.20%

Other orders as % of total other orders

0.21%

 

Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing order flow to 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.

 

 

2. BRUT ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.06%

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 BRUT ECN. Payment is based on size of executed order and whether or not the order has added liquidity to the BRUT order book. Payment for qualifying orders during this period was $2.00 per thousand shares executed.

 

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3. Citigroup Global Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.23%

Limit orders as % of total orders

0.19%

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 Citigroup Global Markets.

 

 

4. Domestic Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.03%

Limit orders as % of total orders

0.04%

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 Domestic Securities

 

 

5. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.07%

Limit orders as % of total orders

0.19%

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 E*Trade Capital Markets. Payment is based on size of executed order.

 

 

6. E*Trade Capital Markets

Market orders as % of total non-directed orders

22.22%

Limit orders as % of total non-directed orders

8.98%

Other orders as % of total non-directed orders

0.00%

 

 

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.

7. INET ECN

Market orders as % of total non-directed orders

0.00%

Limit orders as % of total non-directed orders

41.16%

Other orders as % of total non-directed orders

0.00%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing order flow to INET ECN. Payment is based on size of executed order and whether or not the order has added liquidity to the INET order book. Payment for qualifying orders during this period was $2.00 per thousand shares executed.

 

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8. Lehman Brothers

Types of Orders Routed to Venue:

Types of Orders Routed to Venue

 

Market orders as % of total mrkt. orders

55.35%

Limit orders as % of total orders

34.59%

Other orders as % of total other orders

80.62%

 

 

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

 

 

9. OES

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 OES

 

 

10. Hudson Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.60%

Limit orders as % of total orders

0.88%

Other orders as % of total other orders

2.46%

 

 

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

 

 

11. UBS Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.02%

Limit orders as % of total orders

0.01%

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 UBS Capital Markets

 

 

12. Vandham Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.01%

Other orders as % of total other orders

0.35%

 

 

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

 

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Sec Rule 11ac1-6 Report

Types of Orders Routed to Venue:

Non-directed orders as percentage of total customer orders

100.00%

Market orders as percentage of total non-directed orders

8.30%

Limit orders as percentage of total non-directed orders

86.23%

Other orders as percentage of total non-directed orders

5.47%

 

 

Venues Recieving Significant Percentage of Total Non-Directed Orders:

Summary Statistics:

ARCA ECN

2.38%

BRUT ECN

8.36%

Citigroup Global Markets

0.93%

Domestic Securities

0.14%

E*Trade Capital Markets

0.04%

INET ECN

8.36%

LEHMAN BROTHERS

78.39%

Order Execution Services

0.29%

Hudson Securities

0.60%

UBSS Capital Markets

0.52%

 

 

Information Concerning Significant Venues:

1. ARCA ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.12%

Limit orders as % of total orders

2.75%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing order flow to 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. BRUT ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

9.69%

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 BRUT ECN. Payment is based on size of executed order and whether or not the order has added liquidity to the BRUT order book. Payment for qualifying orders during this period was $2.00 per thousand shares executed.

 

 

3. Citigroup Global Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.86%

Limit orders as % of total orders

0.95%

Other orders as % of total other orders

0.75%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities does not receive any payment for orders routed to Citigroup Global Markets.

 

 

4. Domestic Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.12%

Limit orders as % of total orders

0.11%

Other orders as % of total other orders

0.75%

 

 

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

 

 

5. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.25%

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 receives payment for directing equity order flow to E*Trade Capital Markets. Payment is based on size of executed order.

 

 

6. INET ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

9.69%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing order flow to INET ECN. Payment is based on size of executed order and whether or not the order has added liquidity to the INET order book. Payment for qualifying orders during this period was $2.00 per thousand shares executed.

 

 

7. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

92.37%

Limit orders as % of total orders

75.87%

Other orders as % of total other orders

96.83%

 

 

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

 

 

8. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.33%

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 OES

 

 

9. Hudson Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.74%

Limit orders as % of total orders

0.54%

Other orders as % of total other orders

1.31%

 

 

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

 

 

10. UBS Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

5.54%

Limit orders as % of total orders

0.05%

Other orders as % of total other orders

1.31%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities does not receive any payment for orders routed to UBS Capital Markets

Exchange-Listed Options

N/A

Types of Orders Routed to Venue:

No data available for Options.

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