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 Wed Jul 13 2022 14:50:56 EDT-0400 (Eastern Daylight Time)

2nd Quarter, 2022

June 2022

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 95.63 0.36 2.49 1.52

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) 34.36 34.38 37.50 37.05 27.69 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 13.55 13.26 15.97 20.12 20.52 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.48 13.87 6.25 4.88 4.40 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 13.21 13.00 17.36 12.85 25.73 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 13.02 13.08 8.33 12.55 11.07 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.39 12.41 14.58 12.55 10.59 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
G1 Execution Services, LLC (ETMM):
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
UBS Securities LLC (UBSS):
CAN Material Aspects Disclosure Q2 2021.pdf

June 2022

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 94.58 1.14 2.48 1.80

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) 35.14 35.34 29.01 33.73 30.78 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.95 18.48 12.98 9.41 4.97 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.74 15.38 18.51 20.47 26.42 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.75 14.47 17.96 18.00 23.10 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 9.81 9.59 16.44 13.71 11.60 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.61 6.75 5.11 4.67 3.14 0 0.0000 0 0.0000 0 0.0000 0 0.0000
GTSM (GTSM) 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
Two Sigma Securities (SOHO):
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
GTSM (GTSM):
[Insert discussion of the material aspects of the relationship with this venue pursuant to rule 606(a)(1)(iv).]

June 2022

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 46.69 3.83 48.26 1.21

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) 45.24 47.02 47.37 43.39 43.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 32.57 30.68 32.63 34.36 33.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 17.23 21.43 9.47 13.71 20.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 4.40 0.09 9.47 8.28 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Matrix Executions, LLC (MTRX) 0.56 0.78 1.05 0.25 3.33 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
Matrix Executions, LLC (MTRX):
CAN Material Aspects Disclosure Q2 2021.pdf

April 2022

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 93.82 0.42 3.10 2.66

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) 33.85 33.94 30.34 35.44 29.24 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.46 14.05 19.31 20.56 21.09 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 13.96 13.45 10.34 14.42 31.96 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.07 13.75 8.28 3.63 0.76 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 12.62 12.70 15.17 12.47 9.46 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.04 12.10 16.55 13.49 7.50 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
Jane Street Capital, LLC (JNST):
CAN Material Aspects Disclosure Q2 2021.pdf
UBS Securities LLC (UBSS):
CAN Material Aspects Disclosure Q2 2021.pdf

April 2022

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 94.07 0.99 2.32 2.62

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) 34.52 34.85 27.52 33.00 26.62 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.28 17.97 14.26 8.57 1.27 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.09 15.42 21.48 21.33 33.38 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.69 14.37 16.44 16.21 24.20 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.22 10.05 13.76 15.49 10.45 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.47 6.60 2.85 5.19 4.08 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.73 0.73 3.69 0.22 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
Two Sigma Securities (SOHO):
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
BNY Mellon Capital Markets LLC (BKCM):
CAN Material Aspects Disclosure Q2 2021.pdf

April 2022

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 40.00 4.17 54.36 1.47

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) 48.72 51.76 50.77 45.99 60.87 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 34.87 33.49 29.23 36.20 39.13 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 12.56 14.58 12.31 11.44 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 3.85 0.16 7.69 6.37 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

May 2022

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 94.67 0.45 3.00 1.88

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) 34.77 34.83 36.42 36.99 27.50 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.23 13.90 12.96 14.94 30.15 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.00 13.68 26.54 17.99 20.88 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.69 14.30 6.17 3.69 0.44 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 12.28 12.28 11.11 12.64 11.62 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 11.04 11.01 6.79 13.75 9.41 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
Jane Street Capital, LLC (JNST):
CAN Material Aspects Disclosure Q2 2021.pdf
UBS Securities LLC (UBSS):
CAN Material Aspects Disclosure Q2 2021.pdf

May 2022

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 94.92 1.16 2.14 1.78

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) 34.75 34.96 27.85 34.71 27.97 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.95 18.54 13.99 8.66 0.40 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.09 15.65 22.09 20.32 30.55 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 15.02 14.73 17.91 16.92 25.88 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 9.24 9.02 14.11 14.26 11.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.77 6.92 2.58 4.93 3.86 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.19 0.18 1.47 0.20 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
Two Sigma Securities (SOHO):
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
BNY Mellon Capital Markets LLC (BKCM):
CAN Material Aspects Disclosure Q2 2021.pdf

May 2022

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 43.39 3.12 51.85 1.65

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) 47.35 51.90 51.43 43.35 45.95 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 32.00 30.87 30.00 32.53 48.65 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 15.00 17.03 8.57 13.99 5.41 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 5.65 0.21 10.00 10.13 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
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