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Virtu ITG LLC - Held NMS Stocks and Options Order Routing Public Report Generated on Fri Jul 31 2020 12:06:00 GMT-0400 (Eastern Daylight Time)

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Virtu ITG LLC - Held NMS Stocks and Options Order Routing Public Report Generated on Fri Jul 31 2020 12:06:00 GMT-0400 (Eastern Daylight Time) Virtu ITG LLC - Held NMS Stocks and Options Order Routing Public Report Generated on Fri Jul 31 2020 12:06:00 GMT-0400 (Eastern Daylight Time) 2nd Quarter, 2020 April 2020 S&P 500 Stocks Summary Non-Directed Orders Market Orders as % of Marketable Limit Non-Marketable Limit Other Orders as % of as % of All Orders Non-Directed Orders Orders as % of Non- Orders as % of Non- Non-Directed Orders Directed Orders Directed Orders 100.00 0.28 46.21 50.43 3.07 Venues Venue - Non- Market Marketable Non- Other Net Payment Net Payment Paid/ Net Payment Paid/ Net Payment Paid/ Net Payment Paid/ Net Payment Paid/ Net Payment Net Payment Paid/ Non-directed Directed Orders Limit Orders Marketable Orders Paid/Received for Received for Market Received for Received for Received for Non- Received for Non- Paid/Received for Received for Other Order Flow Orders (%) (%) (%) Limit Orders (%) Market Orders(cents per Marketable Limit Marketable Limit Marketable Limit Marketable Limit Other Orders(cents per (%) Orders(USD) hundred shares) Orders(USD) Orders(cents per Orders(USD) Orders(cents per Orders(USD) hundred shares) hundred shares) hundred shares) Nasdaq 13.95 0.00 1.25 25.50 16.62 0.00 0.0000 4,413.73 873.3147 20,749.30 1,958.7196 2,454.44 532.7739 Execution Services, LLC Morgan 11.84 64.26 0.42 21.93 13.05 2,967.53 82.0452 1,568.77 1,546.3490 35,654.16 2,088.3114 8,277.98 29.0446 Stanley & Co., LLC INVESTORS 6.50 0.00 8.53 4.76 5.22 0.00 0.0000 3,076.68 374.1555 924.70 748.6254 203.86 336.7951 EXCHANGE CBOE BYX U.S. 6.22 0.00 0.54 11.77 1.04 0.00 0.0000 1,602.26 2,949.6686 57,170.97 2,674.6154 51.98 308.5116 EQUITIES EXCHANGE Bats Trading 5.80 0.00 0.67 10.42 7.49 0.00 0.0000 2,912.79 1,402.9426 11,321.35 3,150.3338 534.97 814.3833 Inc. UBS Securities, 5.38 0.00 10.20 1.03 4.77 0.00 0.0000 6,447.90 498.4847 135.03 450.0920 567.27 729.3302 LLC ATS Virtu Americas 5.04 35.74 8.86 1.14 8.91 817.82 301.7797 2,348.05 326.5721 145.04 483.4550 730.47 471.2741 LLC POSIT NYSE Arca, Inc. 4.91 0.00 0.60 8.74 7.27 0.00 0.0000 3,200.81 797.8491 7,620.86 2,506.6968 631.12 98.9021 Credit Suisse 4.36 0.00 8.19 0.98 2.68 0.00 0.0000 1,428.71 234.2878 85.74 571.6240 100.33 413.9055 Crossfnder Virtu Americas 3.76 0.00 7.12 0.79 2.42 0.00 0.0000 399.41 262.0609 6.13 153.1875 23.94 1,162.1845 LLC Material Aspects: Nasdaq Execution Services, LLC: Virtu ITG LLC receives a cash payment or is charged a fee for order fow on a per shares basis. The per share cash payment or fee is calcualted based upon a variety of factors including, but not limited to, orders size and whether an order provides or removes liquidity. A portion of the orders routed to this venue were sent via Morgan Stanley Speedway ("MS Speedway"). Virtu ITG LLC may incur reduced execution costs when routing orders via MS Speedway. Nasdaq has a tiered pricing/payment schedule. For detailed information, please see the exchange’s public website: https://www.nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Morgan Stanley & Co., LLC: Virtu ITG LLC routes a portion of their market on close order fow to the Nasdaq, NYSE, Bats and Arca exchanges through Morgan Stanley Speedway ("MS Speedway"). Virtu ITG LLC may incur reduced execution costs when routing orders via MS Speedway. INVESTORS EXCHANGE: Virtu ITG LLC receives a cash payment or is charged a fee for order fow on a per shares basis. The per share cash payment or fee is calcualted based upon a variety of factors including, but not limited to, orders size and whether an order provides or removes liquidity. IEXG has a tiered pricing/payment schedule. For detailed information, please see the exchange’s public website: https://iextrading.com/trading/fees/ CBOE BYX U.S. EQUITIES EXCHANGE: Virtu ITG LLC receives a cash payment or is charged a fee for order fow on a per shares basis. The per share cash payment or fee is calcualted based upon a variety of factors including, but not limited to, orders size and whether an order provides or removes liquidity. A portion of the orders routed to this venue were sent via Morgan Stanley Speedway ("MS Speedway"). Virtu ITG LLC may incur reduced execution costs when routing orders via MS Speedway. BATS has a tiered pricing/payment schedule. For detailed information, please see the exchange’s public website: https://markets.cboe.com/us/equities/membership/fee_schedule/bzx/ Bats Trading Inc.: Virtu ITG LLC receives a cash payment or is charged a fee for order fow on a per shares basis. The per share cash payment or fee is calcualted based upon a variety of factors including, but not limited to, orders size and whether an order provides or removes liquidity. A portion of the orders routed to this venue were sent via Morgan Stanley Speedway ("MS Speedway"). Virtu ITG LLC may incur reduced execution costs when routing orders via MS Speedway. BATS has a tiered pricing/payment schedule. For detailed information, please see the exchange’s public website: https://markets.cboe.com/us/equities/membership/fee_schedule/bzx/ UBS Securities, LLC ATS: No material relationship exists between Virtu ITG LLC and this venue. Virtu Americas LLC POSIT: POSIT is an allternative trading system owned and operated by Virtu ITG LLC. Virtu ITG LLC recieves a commission on a per share basis for orders executed within POSIT. NYSE Arca, Inc.: Virtu ITG LLC receives a cash payment or is charged a fee for order fow on a per shares basis. The per share cash payment or fee is calcualted based upon a variety of factors including, but not limited to, orders size and whether an order provides or removes liquidity. A portion of the orders routed to this venue were sent via Morgan Stanley Speedway ("MS Speedway"). Virtu ITG LLC may incur reduced execution costs when routing orders via MS Speedway. ARCA has a tiered pricing/payment schedule. For detailed information, please see the exchange’s public website: https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf Credit Suisse Crossfnder: No material relationship exists between Virtu ITG LLC and this venue. Virtu Americas LLC: Virtu Financial, Inc., the parent company of Virtu Americas LLC completed the acquisition of Investment Technology Group, Inc on March 1st, 2019. April 2020 Non-S&P 500 Stocks Summary Non-Directed Orders Market Orders as % of Marketable Limit Non-Marketable Limit Other Orders as % of as % of All Orders Non-Directed Orders Orders as % of Non- Orders as % of Non- Non-Directed Orders Directed Orders Directed Orders 100.00 0.12 67.01 27.45 5.42 Venues Venue - Non- Market Marketable Non- Other Net Payment Net Payment Paid/ Net Payment Paid/ Net Payment Paid/ Net Payment Paid/ Net Payment Paid/ Net Payment Net Payment Paid/ Non-directed Directed Orders Limit Orders Marketable Orders Paid/Received for Received for Market Received for Received for Received for Non- Received for Non- Paid/Received for Received for Other Order Flow Orders (%) (%) (%) Limit Orders (%) Market Orders(cents per Marketable Limit Marketable Limit Marketable Limit Marketable Limit Other Orders(cents per (%) Orders(USD) hundred shares) Orders(USD) Orders(cents per Orders(USD) Orders(cents per Orders(USD) hundred shares) hundred shares) hundred shares) Virtu Americas 8.27 84.58 9.47 5.45 6.06 1,695.54 279.7917 7,902.28 141.0114 729.02 66.9442 2,405.63 550.4875 LLC POSIT UBS Securities, 8.23 0.00 9.67 5.45 4.73 0.00 0.0000 12,773.46 215.0542 802.62 99.7284 1,646.15 758.1767 LLC ATS INVESTORS 7.33 0.00 7.90 6.28 5.74 0.00 0.0000 4,950.57 167.3684 900.90 209.6823 334.25 263.3982 EXCHANGE Venue - Non- Market Marketable Non- Other Net Payment Net Payment Paid/ Net Payment Paid/ Net Payment Paid/ Net Payment Paid/ Net Payment Paid/ Net Payment Net Payment Paid/ Non-directed Directed Orders Limit Orders Marketable Orders Paid/Received for Received for Market Received for Received for Received for Non- Received for Non- Paid/Received for Received for Other Order Flow Orders (%) (%) (%) Limit Orders (%) Market Orders(cents per Marketable Limit Marketable Limit Marketable Limit Marketable Limit Other Orders(cents per (%) Orders(USD) hundred shares) Orders(USD) Orders(cents per Orders(USD) Orders(cents per Orders(USD) hundred shares) hundred shares) hundred shares) Credit Suisse 6.99 0.00 7.96 5.26 3.86 0.00 0.0000 3,263.99 126.7593 227.56 62.1347 566.40 520.6338 Crossfnder Virtu Americas 5.76 0.00 6.61 4.14 3.62 0.00 0.0000 688.04 98.9175 57.32 59.0935 66.39 1,327.8080 LLC Instinet, LLC 5.54 0.00 6.40 3.86 3.53 0.00 0.0000 693.13 106.6456 69.34 77.0483 133.75 581.5096 J.P.
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