Home
LowTrades

September 30, 2002

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

Securities
   I  Exchange Listed Options  I   NEW!

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 Sept 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

86.62%

Market orders as % of total non-directed orders

11.05%

Limit orders as % of total non-directed orders

83.14%

Other orders as % of total non-directed orders

5.81%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Brokerage America

0.24%

Direct Access Brokerage Services

18.88%

Helfant

6.23%

OES

74.65%

 

Information Concerning Significant Venues:

1. Brokerage America

Types of Orders Routed to Venue: 

Market orders as % of total orders

0.00%

Limit orders as % of total orders

0.15%

Other orders as % of total other orders

1.93%

 

Material Aspects of Relationship with Venue:

 

 

2. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

3.93%

Limit orders as % of total orders

19.46%

Other orders as % of total other orders

39.13%

 

 

Material Aspects of Relationship with Venue:

 

 

Go Top

3. Helfant 

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

7.49%

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

96.07%

Limit orders as % of total orders

72.90%

Other orders as % of total other orders

58.94%

 

 

Material Aspects of Relationship with Venue:

 

 

Securities Listed On the FINRAAQ Stock Market

Summary Statistics:

Non-directed orders as % of total customer orders

89.90%

Market orders as % of total non-directed orders

11.20%

Limit orders as % of total non-directed orders

86.12%

Other orders as % of total non-directed orders

2.68%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Attain 

0.01%

Brokerage America

1.21%

Direct Access Brokerage Services

0.53%

Globenet

0.01%

Herzog_OTC

97.92%

OES

0.32%

 

Go Top

Information Concerning Significant Venues:

1. Attain

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

0.00%

 

 

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

 

 

2. Brokerage America

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.00%

Limit orders as % of total orders

1.40%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

3. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.92%

Limit orders as % of total orders

0.44%

Other orders as % of total other orders

1.80%

 

 

Material Aspects of Relationship with Venue:

 

 

Globenet 

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

99.03%

Limit orders as % of total orders

97.96%

Other orders as % of total other orders

98.20%

 

 

Material Aspects of Relationship with Venue:

 

Go Top

 

 

6. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.05%

Limit orders as % of total orders

0.36%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

 

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

Summary Statistics:

Non-directed orders as % of total customer orders

88.44%

Market orders as % of total non-directed orders

8.27%

Limit orders as % of total non-directed orders

91.73%

Other orders as % of total non-directed orders

0.00%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Brokerage America

 0.33%

Direct Access Brokerage Services

15.94%

Herzog_OTC

0.40%

OES

83.32%

 

 

Information Concerning Significant Venues:

1. Brokerage America

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.36%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:

 

Go Top

2. Direct Access Brokerage Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

4.03%

Limit orders as % of total orders

17.02%

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

0.81%

Limit orders as % of total orders

0.36%

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

95.16%

Limit orders as % of total orders

82.25%

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:

 

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 1Rule 606 Disclosure | Penny Stock Disclosure | Investor Links
User Agreement | Margin Disclosure Statement | Extended Hours Trading | Business Continuity Plan