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September 30 , 2006

Intro NYSE / Network A Securities  |  FINRAAQ Securities  | 

AMEX / Network B 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 September 30, 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

 

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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

33.70%

Limit orders as % of total non-directed orders

48.44%

Other orders as % of total non-directed orders

17.86%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Archipelago ECN

7.45%

BRUT ECN

0.97%

Citigroup Global Markets

0.26%

Domestic Securities

0.05%

Instinet ECN

0.50%

UBS Capital Markets

0.01%

Lehman Brothers

84.41%

Order Execution Services

3.19%

Hudson Securities

2.54%

Trimark

0.61%

 

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Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue: 

Market orders as % of total orders

9.86%

Limit orders as % of total orders

8.49%

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. BRUT ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

1.99%

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

0.56%

Limit orders as % of total orders

0.14%

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 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

0.08%

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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5. Instinet ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

1.04%

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. UBS Capital Markets

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.

 

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7. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

81.80%

Limit orders as % of total orders

81.01%

Other orders as % of total other orders

98.56%

 

 

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

 

 

8. Order Execution Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

4.18%

Limit orders as % of total orders

3.68%

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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9. Hudson Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

2.08%

Limit orders as % of total orders

3.32%

Other orders as % of total other orders

1.33%

 

 

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

 

 

10. Trimark

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.49%

Limit orders as % of total orders

0.22%

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.

 

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Securities Listed On the FINRAAQ Stock Market

Summary Statistics:

Non-directed orders as % of total customer orders

100%

Market orders as % of total non-directed orders

24.97%

Limit orders as % of total non-directed orders

67.80%

Other orders as % of total non-directed orders

7.23%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Archipelago ECN

6.17%

BRUT ECN

1.23%

Citigroup Global Markets

0.01%

Domestic Securities

0.12%

E*Trade Capital Markets

49.92%

Instinet ECN

28.29%

Knight Capital Markets

0.52%

Lehman Brothers

9.73%

Order Execution Services

0.03%

Hudson Securities

3.97%

Trimark

0.00%

UBS Capital Markets

0.02%

 

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Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue

 

Market orders as % of total mrkt. orders

11.58%

Limit orders as % of total orders

4.80%

Other orders as % of total other orders

0.38%

 

 

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

1.82%

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

0.02%

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 Citigroup Global Markets

 

 

4. Domestic Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.16%

Limit orders as % of total orders

0.11%

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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5. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

69.39%

Limit orders as % of total orders

38.38%

Other orders as % of total other orders

90.85%

 

 

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. Instinet ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

41.72%

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.

 

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7. Knight Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.65%

Limit orders as % of total orders

0.43%

Other orders as % of total other orders

0.85%

 

 

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

 

 

8. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

13.11%

Limit orders as % of total orders

9.02%

Other orders as % of total other orders

4.69%

 

 

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

 

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9. Order Execution Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.02%

Limit orders as % of total orders

0.03%

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

 

 

10. Hudson Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

5.08%

Limit orders as % of total orders

3.65%

Other orders as % of total other orders

3.23%

 

 

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

 

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11. Trimark

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.00%

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.

 

 

12. UBS Capital Markets

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.

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

11.86%

Limit orders as % of total non-directed orders

85.12%

Other orders as % of total non-directed orders

3.01%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Archipelago ECN

2.41%

BRUT ECN

2.53%

Citigroup Global Markets

0.29%

Domestic Securities

5.18%

E*Trade Capital Markets

0.02%

Instinet ECN

1.25%

Knight Capital Markets

0.11%

Lehman Brothers

82.52%

Order Execution Services

0.55%

Hudson Securities

2.36%

Trimark

2.78%

UBS Capital Markets

0.00%

 

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Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

2.05%

Limit orders as % of total orders

2.53%

Other orders as % of total other orders

0.54%

 

 

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

2.97%

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

2.32%

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 Citigroup Global Markets

 

 

4. Domestic Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

2.32%

Limit orders as % of total orders

5.76%

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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5. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.14%

Limit orders as % of total orders

0.00%

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. Instinet ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

1.46%

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.

 

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7. Knight Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.13%

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.

   

8. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

84.04%

Limit orders as % of total orders

82.14%

Other orders as % of total other orders

87.10%

 

 

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

 

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9. Order Execution Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.55%

Limit orders as % of total orders

0.57%

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.

   

10. Hudson Securities

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

2.32%

Limit orders as % of total orders

2.41%

Other orders as % of total other orders

1.08%

 

 

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

 

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11. Trimark

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

6.28%

Limit orders as % of total orders

2.00%

Other orders as % of total other orders

11.29%

 

 

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

   

12. UBS Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.00%

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.

Exchange-Listed Options

N/A

Types of Orders Routed to Venue: