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

NYSE

Order Count	Directed%	Non-Directed%	Venue	Routed%	Limit%	Market%	Other%
159	0	100	Total:	100	72.33	27.67	0.00
			SPDR	89.31	100	61.36	0
			NYSE	10.69	0	38.64	0

NYSE MKT

Order Count	Directed%	Non-Directed%	Venue	Routed%	Limit%	Market%	Other%
107	0	100	Total:	100	90.65	9.35	0.00
			SPDR	97.2	98.97	80	0
			NYSE	1.87	0	20	0
			CPEM	0.93	1.03	0	0

NASDAQ

Order Count	Directed%	Non-Directed%	Venue	Routed%	Limit%	Market%	Other%
178	0	100	Total:	100	87.64	12.36	0.00
			SPDR	94.94	100	59.09	0
			NYSE	5.06	0	40.91	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
NYSE	New York Stock Exchange
SPDR	Speed route
CPEM	ClearPool