Interactive Brokers - Held NMS Stocks and Options Order Routing Public Report Generated on Mon Mar 01 2021 11:16:41 GMT-0500 (EST) 1st Quarter, 2020 January 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 98.68 0.11 30.70 64.77 4.42 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) Nasdaq 31.33 3.95 7.88 42.73 27.88 -6 -1.5802 -77,156 -27.0986 193,651 26.7462 -17,818 -11.9749 Stock Market (XNAS) Goldman 26.08 0.00 0.81 39.88 0.00 0 -200 -1.3158 68,433 15.8614 0 Sachs and Co. LLC (GSCO) IBKR ATS 8.35 0.00 25.75 0.69 0.03 0 0 0.0000 0 0.0000 0 (IATS) NYSE Arca 5.67 0.00 3.11 7.28 0.00 0 -33,026 -29.2391 3,515 25.6346 0 (ARCX) New York 4.81 0.00 2.76 1.45 68.30 0 -28,219 -25.3056 -403 -0.9731 -23,207 -10.7908 Stock Exchange (XNYS) IEX (IEXD) 3.67 0.00 10.18 0.84 0.03 0 -2,726 -4.2215 -312 -3.3769 -0 -2.2500 Citadel 3.10 0.19 9.95 0.07 0.01 5 20.0000 121 0.0941 149 29.8602 0 0.0000 Securities (CDED) CBOE EDGX 2.51 0.00 3.68 2.03 1.55 0 -40,020 -25.8468 4,306 13.5193 -35 -12.4817 Exchange (EDGX) Virtu 2.51 35.46 4.43 1.67 0.65 2,927 42.9813 13,331 8.3473 26,241 39.2069 0 0.0000 Financial Inc. (VIRT) UBS ATS 2.32 0.00 7.57 0.00 0.00 0 0 0.0000 0 0 (UBSA) Material Aspects: Nasdaq Stock Market (XNAS): IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients. Goldman Sachs and Co. LLC (GSCO): IBKR may receive volume discounts that are not passed on to clients. IBKR ATS (IATS): IBKR operates the IBKR ATS in accordance with SEC Regulation ATS, on which it executes IBKR client orders against each other or against one or more professional liquidity providers who send orders into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/ regulatoryreports. NYSE Arca (ARCX): IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients. New York Stock Exchange (XNYS): IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients. Citadel Securities (CDED): IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKR-LITE orders are generally routed to select over-the-counter market-makers for handling. IBKR's agreements with the Market Makers provide Interactive Brokers payment for order fow from each Market Maker for trades executed with that Market Maker. CBOE EDGX Exchange (EDGX): IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients. Virtu Financial Inc. (VIRT): IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKR-LITE orders are generally routed to select over-the-counter market-makers for handling. IBKR's agreements with the Market Makers provide Interactive Brokers payment for order fow from each Market Maker for trades executed with that Market Maker. January 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 97.78 0.09 31.30 60.76 7.85 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 33.06 2.01 8.70 44.22 44.16 -33 -9.5209 -647,598 -26.5154 1,301,020 22.1200 -49,996 -10.6100 Stock Market (XNAS) Goldman 19.14 0.00 0.29 31.36 0.00 0 -731 -1.3081 500,961 15.6217 0 Sachs and Co. LLC (GSCO) NYSE Arca 9.08 0.00 4.06 10.76 16.25 0 -290,545 -27.4303 121,002 25.8398 -23,823 -13.2206 (ARCX) IBKR ATS 6.33 0.00 18.86 0.56 1.06 0 0 0.0000 0 0.0000 0 0.0000 (IATS) CBOE EDGX 4.43 0.00 5.40 4.42 0.70 0 -392,461 -24.8094 28,201 9.5096 -504 -16.1892 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) Exchange (EDGX) New York 3.88 0.01 2.51 0.83 33.00 0 -190,452 -27.5379 7,781 6.0026 -45,169 -10.7387 Stock Exchange (XNYS) IEX (IEXD) 3.83 0.00 11.04 0.62 0.03 0 -11,506 -4.4143 -1,043 -3.2685 -2 -7.3410 Citadel 3.69 0.30 11.59 0.11 0.01 141 19.6821 463 0.0653 786 19.4371 0 0.0000 Securities (CDED) UBS ATS 2.92 0.00 9.33 0.00 0.00 0 0 0.0000 0 0 (UBSA) Virtu 2.33 35.89 4.64 1.36 0.25 27,903 42.8873 36,540 3.8517 34,837 30.9517 0 0.0000 Financial Inc. (VIRT) CBOE BZX 2.15 0.01 2.64 1.93 2.00 -4 -30.0000 -151,773 -28.0800 29,613 17.5311 -1,846 -8.8463 Exchange (BATS) Material Aspects: Nasdaq Stock Market (XNAS): IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients. Goldman Sachs and Co. LLC (GSCO): IBKR may receive volume discounts that are not passed on to clients. NYSE Arca (ARCX): IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients. IBKR ATS (IATS): IBKR operates the IBKR ATS in accordance with SEC Regulation ATS, on which it executes IBKR client orders against each other or against one or more professional liquidity providers who send orders into the IBKR ATS.