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.

Material Aspects of Relationships with Venues »