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September 30, 2005

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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 Sept 30, 2005

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%

Market orders as % of total non-directed orders

24.16%

Limit orders as % of total non-directed orders

61.07%

Other orders as % of total non-directed orders

14.77%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Archipelago ECN

 2.49%

BRUT ECN

0.49%

E*Trade Capital Markets

0.60%

INET ECN

2.03%

Lehman Brothers

19.59%

OES

3.99%

UBS Capital Markets

70.8%

Finance 500

0.01%

 

Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue: 

Market orders as % of total orders

0.10%

Limit orders as % of total orders

0.77%

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.

 

 

2. BRUT ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.10%

Limit orders as % of total orders

0.77%

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. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.40%

Limit orders as % of total orders

0.81%

Other orders as % of total other orders

0.08%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing equity order flow to E*Trade CapitalMarkets. Payment is based on size of executed order.

 

 

4. INET ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

3.33%

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.

 

 

5. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

32.47%

Limit orders as % of total orders

19.22%

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

 

 

6. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

6.51%

Limit orders as % of total orders

 3.01%

Other orders as % of total other orders

 3.91%

 

 

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

 

 

7. UBS Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

60.37%

Limit orders as % of total orders

68.83%

Other orders as % of total other orders

96.01%

 

 

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

 

 

8. Finance 500

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

60.37%

Limit orders as % of total orders

68.83%

Other orders as % of total other orders

96.01%

 

 

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:

Archipelago ECN

1.74%

BRASS

0.04%

BRUT ECN

.70%

Citigroup Global Markets Inc.

.0.04%

Finance 500

0.09%

E*Trade Capital Markets

11.15%

INET ECN

35.21%

Lehman Brothers

13.48%

OES

0.10%

UBS Capital Markets

37.45%

 

 

 

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Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue

 

Market orders as % of total mrkt. orders

0.26%

Limit orders as % of total orders

2.30%

Other orders as % of total other orders

0.11%

 

 

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. BRASS

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 does not receive any payment for orders routed to this venue

 

 

3. BRUT ECN

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:
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.

 

 

4. Citigroup Global Markets Inc

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.04%

Other orders as % of total other orders

0.16%

 

 

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

 

 

5. Finance 500

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.23%

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 does not receive any payment for orders routed to this venue

 

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6. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

17.43%

Limit orders as % of total orders

10.91%

Other orders as % of total other orders

0.37%

 

 

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

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

47.98%

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.

 

 

8. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

31.64%

Limit orders as % of total orders

10.69%

Other orders as % of total other orders

0.11%

 

 

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

 

 

9. OES

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.13%

Limit orders as % of total orders

0.06%

Other orders as % of total other orders

0.42%

 

 

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

 

 

10. UBS Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

50.31%

Limit orders as % of total orders

 26.96%

Other orders as % of total other orders

98.95%

 

 

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

100%

Market orders as % of total non-directed orders

12.37%

Limit orders as % of total non-directed orders

83.08%

Other orders as % of total non-directed orders

4.55%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Herzog

6.65%

BRUT ECN

4.33%

Finance 500

0.06%

E*Trade Capital Markets

0.09%

INET ECN

2.01%

Lehman Brothers

0.09%

OES

7.98%

UBS Capital Markets

78.78%

 

 

Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.23%

Limit orders as % of total orders

7.82%

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.

 

 

2. BRUT ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.25%

Limit orders as % of total orders

5.18%

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. Finance 500

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.07%

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

 

 

4. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.62%

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.

 

 

5. INET ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

2.42%

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.

 

 

6. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.12%

Limit orders as % of total orders

0.09%

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

 

 

 7. OES

Types of OrdersRouted to Venue:

Market orders as % of total mrkt. orders

13.56%

Limit orders as % of total orders

6.59

Other orders as % of total other orders

18.12%

 

 

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

 

 

 7. OES

Types of OrdersRouted to Venue:

Market orders as % of total mrkt. orders

84.22%

Limit orders as % of total orders

77.80%

Other orders as % of total other orders

81.88%

 

 

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:

 

 

 

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