SEC Rule 606
Disclosure of Order Routing Practices
NYSE Securities Quarter Ending JUN-2019*
Exchange | Non-Directed | Market Orders | Limit | Others |
Total Wedbush Securities, Inc. Orders | 100.00% | 38.98% | 14.90% | 46.12% |
VIRTU AMERICAS LLC (NITW) | 68.68% | 74.03% | 80.86% | 60.23% |
UBS SECURITIES LLC | 23.07% | 21.68% | 14.11% | 27.12% |
NASDAQ Securities Quarter Ending JUN-2019*
Exchange | Non-Directed | Market Orders | Limit | Others |
Total Wedbush Securities, Inc. Orders | 100.00% | 28.30% | 25.00% | 46.70% |
VIRTU AMERICAS LLC (NITW) | 46.17% | 51.00% | 66.88% | 32.16% |
UBS SECURITIES LLC | 34.66% | 39.35% | 29.11% | 34.79% |
Wedbush Securities Inc. | 12.68% | 0.00% | 0.00% | 27.16% |
CITADEL GROUP | 6.25% | 9.45% | 3.38% | 5.85% |
American Stock Exchange (and Regional Exchanges) Quarter Ending JUN-2019*
Exchange | Non-Directed | Market Orders | Limit | Others |
Total Wedbush Securities, Inc. Orders | 100.00% | 40.42% | 11.79% | 47.80% |
UBS SECURITIES LLC | 53.33% | 59.86% | 59.21% | 50.55% |
VIRTU AMERICAS LLC (NITW) | 43.46% | 40.14% | 38.95% | 47.37% |
Listed Options Quarter Ending JUN-2019*
Exchange | Non-Directed | Market Order | Limit | Others |
Total Wedbush Securities, Inc. Orders | 100.00% | 18.45% | 75.69% | 5.85% |
AUTOMATED TRADING DESK FINANCIAL SERVICES LLC, OPTIONS | 51.74% | 51.33% | 51.36% | 58.02% |
CITADEL GROUP, – OPTIONS | 29.09% | 26.39% | 30.05% | 25.19% |
WOLVERINE EXECUTION SERVICES, LLC. – OPTIONS | 19.17% | 22.28% | 18.60% | 16.79% |
*Wedbush Securities has prepared this report in accordance with U.S. Securities and Exchange Commission Exchange Act Rule 606 that requires broker/dealers to make public, quarterly reports containing certain information on their order routing practices. The report provides information on the routing of “non-directed orders” which is generally defined as any order that the client has not specifically instructed to be routed to a particular venue for execution. The firm’s figures include those from our Correspondent broker-dealer customer orders which were routed to Wedbush Securities.