San Blas Securities
SEC-Required Report on Routing of Customer Orders
For Quarter Ending September 2020

NYSE

Order Count	Directed%	Non-Directed%	Venue	Routed%	Limit%	Market%	Other%
457	0	100	Total:	100	72.43	27.57	0.00
			SPDR	88.62	97.89	64.29	0
			CPEM	6.13	2.11	16.67	0
			NYSE	5.25	0	19.05	0

NYSE MKT

Order Count	Directed%	Non-Directed%	Venue	Routed%	Limit%	Market%	Other%
167	0	100	Total:	100	96.41	3.59	0.00
			SPDR	87.43	90.06	16.67	0
			CPEM	12.57	9.94	83.33	0

NASDAQ

Order Count	Directed%	Non-Directed%	Venue	Routed%	Limit%	Market%	Other%
196	0	100	Total:	100	56.12	43.88	0.00
			SPDR	89.29	96.36	80.23	0
			CPEM	7.14	3.64	11.63	0
			NYSE	3.57	0	8.14	0

OPTIONS

Order Count	Directed%	Non-Directed%	Venue	Routed%	Limit%	Market%	Other%
0	0	0	Total:	0	0	0	0

Glossary
Order Count	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.
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 orders and any orders that must be executed on a particular tick or bid.
Compensation for order flow	Material Aspects of relationship with a venue maybe furnished upon request
CPEM	ClearPool
NYSE	New York Stock Exchange
SPDR	Speed route