San Blas Securities
SEC-Required Report on Routing of Customer Orders
For Quarter Ending December 2019

NYSE

Order Count	Directed%	Non-Directed%	Venue	Routed%	Limit%	Market%	Other%
142	0	100	Total:	100	52.11	46.48	1.41
			SPDR	83.8	100	68.18	0
			NYSE	16.2	0	31.82	100

NYSE MKT

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

NASDAQ

Order Count	Directed%	Non-Directed%	Venue	Routed%	Limit%	Market%	Other%
154	0	100	Total:	100	67.53	30.52	1.95
			SPDR	95.45	100	87.23	66.67
			NYSE	4.55	0	12.77	33.33

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