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 Mon Oct 04 2021 16:41:49 EDT-0400 (Eastern Daylight Time)

3rd Quarter, 2021

September 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 91.52 0.81 3.50 4.17

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) 36.96 36.94 45.02 39.18 33.80 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.53 15.24 12.80 17.77 20.56 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.61 14.40 13.74 14.46 19.72 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.43 14.01 9.48 8.61 5.56 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 13.07 13.08 13.27 11.70 13.89 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.40 6.33 5.69 8.28 6.48 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

September 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 91.43 1.52 3.16 3.89

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 34.92 30.01 31.41 35.47 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.59 18.38 15.53 11.62 4.56 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.58 16.00 21.09 22.29 23.78 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.69 14.48 13.79 15.62 19.27 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 11.29 10.82 17.96 17.34 14.80 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 4.69 4.97 1.27 1.45 2.12 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.39 0.41 0.35 0.28 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Raymond James & Associates, Inc. (RAJA) 0.01 0.01 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
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

September 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 45.56 5.04 43.33 6.07

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) 52.14 56.85 44.07 49.90 39.44 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 40.77 33.21 55.93 44.77 56.34 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 5.56 6.94 0.00 4.93 4.23 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 1.54 3.00 0.00 0.39 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

July 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 91.78 0.93 3.62 3.68

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) 37.54 37.71 36.21 39.16 32.09 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.46 15.05 16.87 20.53 20.50 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 15.21 14.88 17.70 14.21 23.81 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.99 13.06 12.76 12.00 12.32 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 12.02 12.47 10.70 5.89 7.04 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.79 6.84 5.76 8.21 4.24 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

July 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 90.58 1.33 2.85 5.24

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) 35.00 35.01 27.74 34.33 37.17 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.86 16.17 20.06 22.42 25.12 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 16.61 17.66 16.79 8.00 3.06 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 15.69 15.58 19.63 18.58 15.04 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.81 14.52 15.50 15.48 19.22 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 0.82 0.85 0.28 1.06 0.40 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.20 0.21 0.00 0.13 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
G1 Execution Services, LLC (ETMM):
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

July 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 47.46 4.17 43.54 4.84

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) 54.80 58.88 52.00 51.92 43.10 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 38.12 31.81 40.00 42.72 56.90 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 5.25 7.03 6.00 3.83 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 1.83 2.28 2.00 1.53 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

August 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 93.40 0.74 3.27 2.59

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) 36.62 36.70 38.05 34.88 35.47 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.29 15.02 13.17 20.75 18.78 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.62 14.40 16.10 16.34 20.03 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.70 14.15 14.63 5.19 8.07 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 13.32 13.29 12.20 14.13 13.49 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.45 6.44 5.85 8.72 4.17 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

August 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 92.33 1.41 3.11 3.15

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) 33.46 33.39 30.77 34.09 36.10 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 18.89 19.73 17.15 9.86 4.12 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.80 16.28 22.57 22.52 24.08 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.72 14.63 12.61 14.99 17.94 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 13.19 12.90 15.26 17.22 16.64 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 2.74 2.86 1.26 1.25 1.13 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.20 0.21 0.38 0.06 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

August 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 42.84 7.20 45.99 3.96

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) 53.92 53.78 56.25 53.62 54.55 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 38.34 32.98 41.25 42.27 45.45 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 5.04 8.40 1.25 2.94 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 2.70 4.83 1.25 1.17 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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