Stern Brothers
SEC-Required Report on Routing of Customer Orders
For Quarter Ending March 2021
 
NYSE
Order CountDirected%Non-Directed%VenueRouted%Limit%Market%Other%
2730100Total: 10082.4210.626.96
PERSUS99.6310096.55100
CUTRPT0.3703.450
 
NYSE MKT
Order CountDirected%Non-Directed%VenueRouted%Limit%Market%Other%
20100Total: 100100.000.000.00
PERSUS10010000
 
NASDAQ
Order CountDirected%Non-Directed%VenueRouted%Limit%Market%Other%
940100Total: 10075.539.5714.89
PERSUS98.9498.59100100
CUTRPT1.061.4100
 
OPTIONS
Order CountDirected%Non-Directed%VenueRouted%Limit%Market%Other%
000Total: 0000
 

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

 CUTRPT

 

 PERSUS