SEC Rule 606 - Order Routing Report

SEC Rule 606 - Order Routing Report

SEC Rule 606 - Order Routing Report Just2Trade 1900 L Street NW Suite 301 Washington, DC 20036 SEC-Required Report on Routing of Customers Orders For Quarter Ending December 31, 2013 Just2Trade 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 routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue on behalf of its customers. The report is divided into four sections: one for securities listed on the New York Stock Exchange and reported as a Network A eligible security; one for securities listed on the Nasdaq Stock Market; one for securities listed on the American Stock Exchange or regional exchanges and reported as a Network B eligible security; and one for exchange-listed options. For each section, this report identifies the venues most often selected by Just2Trade, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Just2Trade's relationship with the venues. Securities Listed on New York Stock Exchange: SEC Rule 606 Report Non -directed orders as percentage of total customer orders 86.30% Market orders as percentage of total non-directed orders 28.48% Limit orders as percentage of total non-directed orders 66.20% Other orders as percentage of total non -directed orders 5.33% Venues Receiving Significant Percentage of Total Non-Directed Orders: MAXM 88.92% PDQ 11.08% Information Concerning Significant Venues: 1. Maxim Capital Group Types of Orders Routed to Venue: Market orders as a percentage of total market orders 87.26% Limit orders as a percentage of total limit orders 88.75% Other orders as a percentage of total other orders 100.00% Material Aspects of Relationship with Venue: Success Trade Securities does not receive any payment for orders routed to Maxim Capital Group. 2. PDQ Procedure Derived Quotes Types of Orders Routed to Venue: Market orders as a percentage of total market orders 12.74% Limit orders as a percentage of total limit orders 11.25% Other orders as a percentage of total other orders 0.00% Material Aspects of Relationship with Venue: Success Trade Securities receives payment for orders routed to PDQ. Payment is based on size of executed order. Securities Listed on The Nasdaq Stock Market: SEC Rule 606 Report Non-directed orders as percentage of total customer orders 85.41% Market orders as percentage of total non -directed orders 31.64% Limit orders as percentage of total non-directed orders 62.38% Other orders as percentage of total non-directed orders 5.98% Venues Receiving Significant Percentage of Total Non-Directed Orders: MAXM 89.25% PDQ 10.75% Information Concerning Significant Venues: 1. Maxim Capital Group Types of Orders Routed to Venue: Market orders as a percentage of total market orders 85.59% Limit orders as a percentage of total limit orders 90.07% Other orders as a percentage of total other orders 100.00% Material Aspects of Relationship with Venue: Success Trade Securities does not receive any payment for orders routed to Maxim Capital Group. 2. PDQ Procedure Derived Quotes Types of Orders Routed to Venue: Market orders as a percentage of total market orders 14.41% Limit orders as a percentage of total limit orders 9.93% Other orders as a percentage of total other orders 0.00% Material Aspects of Relationship with Venue: Success Trade Securities receives payment for orders routed to PDQ. Payment is based on size of executed order. Securities Listed on NYSE Amex or Regional Exchanges: SEC Rule 606 Report Non-directed orders as percentage of total customer orders 96.94% Market orders as percentage of total non-directed orders 20.97% Limit orders as percentage of total non-directed orders 75.03% Other orders as percentage of total non-directed orders 4.00% Venues Receiving Significant Percentage of Total Non-Directed Orders: MAXM 94.16% PDQ 5.84% Information Concerning Significant Venues: 1. Maxim Capital Group Types of Orders Routed to Venue: Market orders as a percentage of total market orders 92.43% Limit orders as a percentage of total limit orders 94.34% Other orders as a percentage of total other orders 100.00% Material Aspects of Relationship with Venue: Success Trade Securities does not receive any payment for orders routed to Maxim Capital Group. 2. PDQ Procedure Derived Quotes Types of Orders Routed to Venue: Market orders as a percentage of total market orders 7.57% Limit orders as a percentage of total limit orders 5.66% Other orders as a percentage of total other orders 0.00% Material Aspects of Relationship with Venue: Success Trade Securities receives payment for orders routed to PDQ. Payment is based on size of executed order. Exchange-Listed Options: SEC Rule 606 Report Non -directed orders as percentage of total customer orders 99.88% Market orders as percentage of total non-directed orders 15.02% Limit orders as percentage of total non-directed orders 82.84% Other orders as percentage of total non-directed orders 2.14% Venues Receiving Significant Percentage of Total Non-Directed Orders: IB 94.54% XCBO 5.46% Information Concerning Significant Venues: 1. IB Interactive Brokers Types of Orders Routed to Venue: Market orders as a percentage of total market orders 100.00% Limit orders as a percentage of total limit orders 93.41% Other orders as a percentage of total other orders 100.00% Material Aspects of Relationship with Venue: Success Trade Securities does not receive any payment for orders routed to Interactive Brokers. 2. Converge ExGroup Types of Orders Routed to Venue: Market orders as a percentage of total market orders 0.00% Limit orders as a percentage of total limit orders 6.59% Other orders as a percentage of total other orders 0.00% Material Aspects of Relationship with Venue: Success Trade Securities does not receive any payment for orders routed to Converge ExGroup. .

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    4 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us