TKG - The Karn Group SEC Rule 606 Order Routing Disclosure
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Cetera Advisor Networks LLC - Held NMS Stocks and Options Order Routing Public Report

Generated on Fri Jul 16 2021 16:11:01 EDT-0400 (Eastern Daylight Time)

2nd Quarter, 2021

May 2021


S&P 500 Stocks

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 92.28 0.78 3.43 3.51

Venues

Venue - Non-directed Order Flow Non-Directed Orders (%) Market Orders (%) Marketable Limit Orders (%) Non-Marketable Limit Orders (%) Other Orders (%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities (CDRG) 37.39 37.22 39.62 39.02 39.72 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.74 15.36 19.50 19.94 20.84 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.15 13.79 15.09 15.78 21.82 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 13.43 13.39 10.69 14.78 13.71 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.02 13.67 14.47 5.31 3.22 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.25 6.55 0.63 5.02 0.70 0 0.0000 0 0.0000 0 0.0000 0 0.0000
The Nasdaq Stock Market LLC (NSDQ) 0.03 0.03 0.00 0.14 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities (CDRG):
CAN Material Aspects Disclosure Q2 2021.pdf
Virtu Americas, LLC (NITE):
CAN Material Aspects Disclosure Q2 2021.pdf
Two Sigma Securities (SOHO):
CAN Material Aspects Disclosure Q2 2021.pdf
UBS Securities LLC (UBSS):
CAN Material Aspects Disclosure Q2 2021.pdf
G1 Execution Services, LLC (ETMM):
CAN Material Aspects Disclosure Q2 2021.pdf
Jane Street Capital, LLC (JNST):
CAN Material Aspects Disclosure Q2 2021.pdf
The Nasdaq Stock Market LLC (NSDQ):
CAN Material Aspects Disclosure Q2 2021.pdf

May 2021


Non-S&P 500 Stocks

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 92.18 1.30 2.92 3.60

Venues

Venue - Non-directed Order Flow Non-Directed Orders (%) Market Orders (%) Marketable Limit Orders (%) Non-Marketable Limit Orders (%) Other Orders (%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities (CDRG) 34.98 34.83 30.63 35.85 39.67 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.62 18.33 15.40 11.35 5.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.83 15.56 16.41 18.61 20.29 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 15.48 15.27 22.00 17.47 16.92 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.71 14.56 14.38 15.96 17.72 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 0.81 0.85 0.68 0.76 0.06 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.55 0.59 0.51 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Raymond James & Associates, Inc. (RAJA) 0.00 0.00 0.00 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities (CDRG):
CAN Material Aspects Disclosure Q2 2021.pdf
G1 Execution Services, LLC (ETMM):
CAN Material Aspects Disclosure Q2 2021.pdf
Virtu Americas, LLC (NITE):
CAN Material Aspects Disclosure Q2 2021.pdf
UBS Securities LLC (UBSS):
CAN Material Aspects Disclosure Q2 2021.pdf
Two Sigma Securities (SOHO):
CAN Material Aspects Disclosure Q2 2021.pdf
Jane Street Capital, LLC (JNST):
CAN Material Aspects Disclosure Q2 2021.pdf
BNY Mellon Capital Markets LLC (BKCM):
CAN Material Aspects Disclosure Q2 2021.pdf
Raymond James & Associates, Inc. (RAJA):
CAN Material Aspects Disclosure Q2 2021.pdf

May 2021


Option Contracts

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 48.20 4.87 35.38 11.55

Venues

Venue - Non-directed Order Flow Non-Directed Orders (%) Market Orders (%) Marketable Limit Orders (%) Non-Marketable Limit Orders (%) Other Orders (%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities LLC (CITL) 51.69 51.43 58.70 51.20 51.38 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 41.63 37.14 36.96 46.11 48.62 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 3.71 6.15 4.35 1.50 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 2.97 5.27 0.00 1.20 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities LLC (CITL):
CAN Material Aspects Disclosure Q2 2021.pdf
Susquehanna International Group, LLP (SUSQ):
CAN Material Aspects Disclosure Q2 2021.pdf
Wolverine Execution Svc. (WEXX):
CAN Material Aspects Disclosure Q2 2021.pdf
DASH Financial Option ATS (LPOX):
CAN Material Aspects Disclosure Q2 2021.pdf

June 2021


S&P 500 Stocks

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 92.00 0.90 3.30 3.80

Venues

Venue - Non-directed Order Flow Non-Directed Orders (%) Market Orders (%) Marketable Limit Orders (%) Non-Marketable Limit Orders (%) Other Orders (%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities (CDRG) 37.24 37.11 36.60 39.30 38.93 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.75 15.14 17.01 25.17 22.02 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.63 14.46 15.98 10.91 21.78 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.32 13.95 15.46 5.03 4.62 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.70 12.69 10.82 13.99 12.17 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.35 6.64 4.12 5.59 0.49 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities (CDRG):
CAN Material Aspects Disclosure Q2 2021.pdf
Virtu Americas, LLC (NITE):
CAN Material Aspects Disclosure Q2 2021.pdf
Two Sigma Securities (SOHO):
CAN Material Aspects Disclosure Q2 2021.pdf
G1 Execution Services, LLC (ETMM):
CAN Material Aspects Disclosure Q2 2021.pdf
UBS Securities LLC (UBSS):
CAN Material Aspects Disclosure Q2 2021.pdf
Jane Street Capital, LLC (JNST):
CAN Material Aspects Disclosure Q2 2021.pdf

June 2021


Non-S&P 500 Stocks

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 89.48 1.55 4.19 4.78

Venues

Venue - Non-directed Order Flow Non-Directed Orders (%) Market Orders (%) Marketable Limit Orders (%) Non-Marketable Limit Orders (%) Other Orders (%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities (CDRG) 34.49 34.40 28.82 35.58 36.91 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 18.02 19.24 18.67 7.90 3.95 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.75 16.15 18.27 22.34 22.58 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 15.35 15.05 19.22 18.29 17.10 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.52 14.24 13.67 15.24 19.42 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 0.63 0.66 0.14 0.65 0.04 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.25 0.26 1.22 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities (CDRG):
CAN Material Aspects Disclosure Q2 2021.pdf
G1 Execution Services, LLC (ETMM):
CAN Material Aspects Disclosure Q2 2021.pdf
Virtu Americas, LLC (NITE):
CAN Material Aspects Disclosure Q2 2021.pdf
UBS Securities LLC (UBSS):
CAN Material Aspects Disclosure Q2 2021.pdf
Two Sigma Securities (SOHO):
CAN Material Aspects Disclosure Q2 2021.pdf
Jane Street Capital, LLC (JNST):
CAN Material Aspects Disclosure Q2 2021.pdf
BNY Mellon Capital Markets LLC (BKCM):
CAN Material Aspects Disclosure Q2 2021.pdf

June 2021


Option Contracts

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 55.37 7.06 32.66 4.91

Venues

Venue - Non-directed Order Flow Non-Directed Orders (%) Market Orders (%) Marketable Limit Orders (%) Non-Marketable Limit Orders (%) Other Orders (%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities LLC (CITL) 54.94 56.10 56.52 54.51 42.50 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 38.67 33.59 43.48 43.61 56.25 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 4.24 6.43 0.00 1.88 1.25 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 2.15 3.88 0.00 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities LLC (CITL):
CAN Material Aspects Disclosure Q2 2021.pdf
Susquehanna International Group, LLP (SUSQ):
CAN Material Aspects Disclosure Q2 2021.pdf
Wolverine Execution Svc. (WEXX):
CAN Material Aspects Disclosure Q2 2021.pdf
DASH Financial Option ATS (LPOX):
CAN Material Aspects Disclosure Q2 2021.pdf

April 2021


S&P 500 Stocks

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 93.37 0.77 2.91 2.95

Venues

Venue - Non-directed Order Flow Non-Directed Orders (%) Market Orders (%) Marketable Limit Orders (%) Non-Marketable Limit Orders (%) Other Orders (%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities (CDRG) 37.16 37.43 38.41 35.73 29.48 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 15.31 14.97 15.89 13.66 27.41 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.16 14.79 15.23 17.16 24.66 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 14.69 14.86 16.56 13.31 10.34 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 13.08 13.21 11.92 15.06 7.41 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 4.61 4.74 1.99 5.08 0.69 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities (CDRG):
CAN Material Aspects Disclosure Q2 2021.pdf
Two Sigma Securities (SOHO):
CAN Material Aspects Disclosure Q2 2021.pdf
Virtu Americas, LLC (NITE):
CAN Material Aspects Disclosure Q2 2021.pdf
G1 Execution Services, LLC (ETMM):
CAN Material Aspects Disclosure Q2 2021.pdf
UBS Securities LLC (UBSS):
CAN Material Aspects Disclosure Q2 2021.pdf
Jane Street Capital, LLC (JNST):
CAN Material Aspects Disclosure Q2 2021.pdf

April 2021


Non-S&P 500 Stocks

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 92.50 1.79 3.41 2.30

Venues

Venue - Non-directed Order Flow Non-Directed Orders (%) Market Orders (%) Marketable Limit Orders (%) Non-Marketable Limit Orders (%) Other Orders (%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities (CDRG) 34.10 34.38 28.28 30.44 32.55 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 20.23 20.66 18.72 18.02 7.45 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.42 14.85 20.22 19.45 28.62 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 14.89 14.78 18.31 16.44 14.15 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.54 14.48 13.80 15.00 17.13 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 0.56 0.58 0.55 0.29 0.11 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.26 0.27 0.14 0.36 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Raymond James & Associates, Inc. (RAJA) 0.00 0.00 0.00 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities (CDRG):
CAN Material Aspects Disclosure Q2 2021.pdf
G1 Execution Services, LLC (ETMM):
CAN Material Aspects Disclosure Q2 2021.pdf
Virtu Americas, LLC (NITE):
CAN Material Aspects Disclosure Q2 2021.pdf
UBS Securities LLC (UBSS):
CAN Material Aspects Disclosure Q2 2021.pdf
Two Sigma Securities (SOHO):
CAN Material Aspects Disclosure Q2 2021.pdf
Jane Street Capital, LLC (JNST):
CAN Material Aspects Disclosure Q2 2021.pdf
BNY Mellon Capital Markets LLC (BKCM):
CAN Material Aspects Disclosure Q2 2021.pdf
Raymond James & Associates, Inc. (RAJA):
CAN Material Aspects Disclosure Q2 2021.pdf

April 2021


Option Contracts

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 54.45 9.02 30.10 6.43

Venues

Venue - Non-directed Order Flow Non-Directed Orders (%) Market Orders (%) Marketable Limit Orders (%) Non-Marketable Limit Orders (%) Other Orders (%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities LLC (CITL) 57.05 59.83 65.00 51.31 49.12 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 38.78 34.37 35.00 45.69 49.12 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 3.38 4.97 0.00 2.25 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 0.79 0.83 0.00 0.75 1.75 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities LLC (CITL):
CAN Material Aspects Disclosure Q2 2021.pdf
Susquehanna International Group, LLP (SUSQ):
CAN Material Aspects Disclosure Q2 2021.pdf
DASH Financial Option ATS (LPOX):
CAN Material Aspects Disclosure Q2 2021.pdf
Wolverine Execution Svc. (WEXX):
CAN Material Aspects Disclosure Q2 2021.pdf

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