| Meridian Equity Partners | ||||||||||||
| SEC-Required Report on Routing of Customer Orders | ||||||||||||
| For Quarter Ending December 2016 | ||||||||||||
| AMEX | ||||||||||||
| Total | Directed% | Non-Directed% | Limit% | Market% | Other% | Venue | Routed% | Limit% | Market% | Other% | Compensation for order flow | |
| 172 | 0 | 100 | 93.6 | 4.65 | 1.74 | |||||||
| FDSA | 52.33 | 55.9 | 0 | 0 | ||||||||
| INCA | 36.63 | 39.13 | 0 | 0 | ||||||||
| NYSE | 6.98 | 0.62 | 100 | 100 | ||||||||
| ARCA | 4.07 | 4.35 | 0 | 0 | ||||||||
| NYSE | ||||||||||||
| Total | Directed% | Non-Directed% | Limit% | Market% | Other% | Venue | Routed% | Limit% | Market% | Other% | Compensation for order flow | |
| 6037 | 0 | 100 | 76.21 | 20.34 | 3.45 | |||||||
| FDSA | 33.28 | 43.27 | 0 | 8.65 | ||||||||
| NYSE | 24.08 | 4.24 | 95.2 | 43.27 | ||||||||
| ARCA | 21.17 | 27.54 | 0.49 | 2.4 | ||||||||
| INCA | 17.66 | 21.97 | 0.73 | 22.12 | ||||||||
| NSDQ | 2.35 | 1.89 | 0.49 | 23.56 | ||||||||
| GLPS | 0.76 | 0.17 | 3.09 | 0 | ||||||||
| IEXG | 0.7 | 0.91 | 0 | 0 | ||||||||
| OTC | ||||||||||||
| Total | Directed% | Non-Directed% | Limit% | Market% | Other% | Venue | Routed% | Limit% | Market% | Other% | Compensation for order flow | |
| 5448 | 0 | 100 | 89.7 | 6.06 | 4.24 | |||||||
| INCA | 29.36 | 29.81 | 38.48 | 6.92 | ||||||||
| FDSA | 27.75 | 30.93 | 0.00 | 0.00 | ||||||||
| ARCA | 26.33 | 29.09 | 3.03 | 1.29 | ||||||||
| NSDQ | 12.00 | 7.30 | 32.42 | 82.25 | ||||||||
| GLPS | 1.85 | 0.69 | 20.30 | 0.00 | ||||||||
| IEXG | 1.26 | 1.41 | 0.00 | 0.00 | ||||||||
| STN42 | 0.71 | 0.34 | 0.90 | 8.22 | ||||||||
| NYSE | 0.67 | 0.36 | 4.84 | 1.29 | ||||||||
| BNY | 0.01 | 0.02 | 0.00 | 0.00 | ||||||||
| Glossary | ||||||||||||
| Total | Total Number of orders routed to all destinations during the quarter. | |||||||||||
| Non-Directed% | The percentage of total orders from the provider that were non-directed orders. | |||||||||||
| Directed% | The percentage of total orders from the provider that were directed orders. | |||||||||||
| Market% | The percentage of total non-directed customer orders that were market orders. | |||||||||||
| Limit% | The percentage of total non-directed customer orders that were limit orders. | |||||||||||
| Other% | The
percentage of total non-directed other orders routed to the venue. Other
orders include special handling orders and any orders that must be executed on a particular tick or bid. |
|||||||||||
| Venue | List of the venues to which non-directed orders were routed for execution | |||||||||||
| Routed% | The percentage of total non-directed orders routed to the venue | |||||||||||
| Market% | The percentage of total non-directed market orders routed to the venue | |||||||||||
| Limit% | The percentage of total non-directed limit orders routed to the venue | |||||||||||
| Other% | The percentage of total non-directed other orders routed to the venue. Other orders include special handling | |||||||||||
| Compensation for order flow | Rebates, if any, received for routing orders to certain venues | |||||||||||
| ARCA | Archipelago ECN | |||||||||||
| INET | Instinet ECN | |||||||||||
| NITE | Knight Securities, L.P | |||||||||||
| DOT | NYFIX DOT | |||||||||||
| ML | BroadCourt Transaction services | |||||||||||
| PRIMEFLR | Prime Floor (NYSE Floor Broker) | |||||||||||
| FANC | Finance 500 | |||||||||||
| PTFLR | Preferred Floor (NYSE Floor Broker) | |||||||||||
| IAB | Interactive Brokers | |||||||||||
| TSE | Toronto Stock Exchange | |||||||||||
| BMLOPT | BAML Option algos | |||||||||||
| STN | Collins Stewart | |||||||||||
| JSES | Jane Street | |||||||||||
| IEXG | IEX smart order router | |||||||||||
| FDSA | Fidessa | |||||||||||
| NSDQ | Nasdaq | |||||||||||
| ATMC | Cowen ATM algos | |||||||||||
| NYSE | NYSE Floor Brokers | |||||||||||
| ITGI | ITG algos | |||||||||||
| NYX | KCG (getco) algos | |||||||||||
| ITGT | ITG | |||||||||||
| CPEX | Clearpool algos | |||||||||||
| ISP | ISE (International Securities Exchange) | |||||||||||
| PCXOPT | Pacific Coast Exchange (options) | |||||||||||
| AFIXNY | Amex floor (NYSE) | |||||||||||
| TDATK | Arca | |||||||||||
| PCX | Pacific Coast Exchange | |||||||||||
| AFIX | Amex floor | |||||||||||
| DATK | Arca | |||||||||||
| BCAP | Barclays Capital | |||||||||||
| B-SOR | Barclays - Smart Order Router | |||||||||||
| CBSX | CBOE Stock Exchange | |||||||||||
| NFIX | NYFIX | |||||||||||
| BRUT | NASDAQ | |||||||||||
| SIAC | NYSE SIAC Connection | |||||||||||
| JEFF | Jefferies | |||||||||||
| ISFX | ISE | |||||||||||
| EDGX | Direct Edge ECN | |||||||||||
| UBSS | UBS | |||||||||||
| VNDM | Vandham securities | |||||||||||
| VNDS | Vandham securities | |||||||||||
| MLTS | Miletus Trading | |||||||||||
| HDSN | Hudson Securities | |||||||||||
| INCA | Instinet | |||||||||||
| DOMS | Domestic Securities | |||||||||||
| CICF | Canaccord | |||||||||||
| SUSQ | Susquehanna Option algos | |||||||||||
| CIBC | CIBC | |||||||||||
| YKTN | Blackmont Capital | |||||||||||
| TREK | Algorithm Trading | |||||||||||