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September 30 , 2007

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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 September 30, 2007

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

33.31%

Limit orders as % of total non-directed orders

61.41%

Other orders as % of total non-directed orders

5.27%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Archipelago ECN

11.10%

Citigroup Global Markets

8.23%

FINRAAQ

2.30%

Knight Capital Markets

0.93%

Lehman Brothers

77.41%

Order Execution Services

0.03%

 

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Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue: 

Market orders as % of total orders

16.75%

Limit orders as % of total orders

8.99%

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. Citigroup Global Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

4.65%

Limit orders as % of total orders

10.43%

Other orders as % of total other orders

5.22%

 

 

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

 

 

3. FINRAAQ

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

3.75%

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

 

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4. Knight Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.78%

Limit orders as % of total orders

1.06%

Other orders as % of total other orders

0.27%

 

 

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

 

5. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

77.82%

Limit orders as % of total orders

75.72%

Other orders as % of total other orders

94.51%

 

 

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. Order Execution Services

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

0.05%

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 the FINRAAQ Stock Market

Summary Statistics:

Non-directed orders as % of total customer orders

100%

Market orders as % of total non-directed orders

26.35%

Limit orders as % of total non-directed orders

68.64%

Other orders as % of total non-directed orders

5.01%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Archipelago ECN

5.89%

Citigroup Global Markets

1.44%

E*Trade Capital Markets

18.25%

FINRAAQ

26.98%

Knight Capital Markets

11.45%

Lehman Brothers

35.96%

Hudson Securities

0.04%

 

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Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

10.98%

Limit orders as % of total orders

4.37%

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. Citigroup Global Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

2.28%

Limit orders as % of total orders

1.09%

Other orders as % of total other orders

1.86%

 

 

Material Aspects of Relationship with Venue:
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3. E*Trade Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

21.09%

Limit orders as % of total orders

16.35%

Other orders as % of total other orders

29.26%

 

 

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.

 

 

4. FINRAAQ

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

39.30%

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

 

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5. Knight Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

15.02%

Limit orders as % of total orders

10.04%

Other orders as % of total other orders

11.97%

 

 

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

 

 

6. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

50.63%

Limit orders as % of total orders

28.80%

Other orders as % of total other orders

56.91%

 

 

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. Hudson Securities

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.

 

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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

16.11%

Limit orders as % of total non-directed orders

82.22%

Other orders as % of total non-directed orders

1.67%

 

 

Venues Receiving Significant % of Total Non-Directed Orders:

Archipelago ECN

9.05%

Citigroup Global Markets

12.35%

FINRAAQ

1.37%

Knight Capital Markets

1.39%

Lehman Brothers

75.84%

 

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Information Concerning Significant Venues:

1. Archipelago ECN

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.82%

Limit orders as % of total orders

10.85%

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. Citigroup Global Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

3.68%

Limit orders as % of total orders

14.20%

Other orders as % of total other orders

4.95%

 

 

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

 

 

3. FINRAAQ

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

0.00%

Limit orders as % of total orders

1.66%

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

 

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4. Knight Capital Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.13%

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 does not receive any payment for orders routed to this venue.

   

5. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

94.37%

Limit orders as % of total orders

71.82%

Other orders as % of total other orders

95.05%

 

 

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

 

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Exchange-Listed Options

Summary Statistics:

Non-directed orders as % of total customer orders

100%

Market orders as % of total non-directed orders

13.78%

Limit orders as % of total non-directed orders

86.22%

Other orders as % of total non-directed orders

0.00%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Citigroup Global Markets

1.43%

Lehman Brothers

98.58%

 

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Information Concerning Significant Venues:

1. Citigroup Global Markets

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

1.11%

Limit orders as % of total orders

1.47%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing option orders to Citigroup Global Markets. For more information on a particular order, please email us at info@lowtrades.com.

 

 

2. Lehman Brothers

Types of Orders Routed to Venue:

Market orders as % of total mrkt. orders

98.89%

Limit orders as % of total orders

98.53%

Other orders as % of total other orders

0.00%

 

 

Material Aspects of Relationship with Venue:
Success Trade Securities receives payment for directing option orders to Lehman Brothers. For more information on a particular order, please email us at info@lowtrades.com.

 

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