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 Thu Apr 14 2022 16:43:11 EDT-0400 (Eastern Daylight Time)

1st Quarter, 2022

January 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 93.41 0.45 3.17 2.98

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) 33.66 33.76 36.81 35.37 28.16 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.23 13.83 16.56 19.91 20.54 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 13.86 13.47 14.72 12.84 26.86 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 13.13 13.20 14.11 14.59 9.39 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.01 13.60 7.36 4.80 4.09 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.11 12.14 10.43 12.49 10.97 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
Jane Street Capital, LLC (JNST):
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

January 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 93.86 0.66 2.44 3.04

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) 33.97 34.04 30.19 33.08 33.55 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.76 18.50 14.99 8.36 3.24 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.09 15.63 21.63 22.13 24.25 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.83 14.62 13.70 15.39 21.19 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.83 10.58 14.99 15.33 13.84 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.31 6.42 4.50 5.65 3.93 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.21 0.22 0.00 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

January 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 45.62 5.37 46.16 2.86

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) 50.65 51.56 51.90 48.75 64.29 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 32.70 27.72 36.71 37.11 33.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 12.92 14.46 10.13 12.37 2.38 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 3.74 6.26 1.27 1.77 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

February 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 93.33 0.43 3.35 2.89

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) 33.68 33.67 30.13 36.05 32.08 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.27 13.85 11.54 12.13 30.44 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.22 13.85 10.90 22.43 17.34 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 12.96 13.01 16.67 13.62 9.92 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 12.92 13.65 10.90 3.65 0.39 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 11.95 11.97 19.87 12.13 9.83 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
Jane Street Capital, LLC (JNST):
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

February 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 94.43 0.78 2.17 2.63

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) 33.64 33.69 28.73 35.25 32.10 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.71 18.39 19.40 8.88 0.28 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.32 15.84 18.10 22.83 27.70 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.88 14.69 12.13 13.68 23.46 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.74 10.56 15.30 14.95 12.44 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.33 6.45 5.22 4.14 4.02 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.37 0.38 1.12 0.27 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

February 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 56.00 2.62 38.70 2.68

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 LLC (CITL) 46.68 47.19 43.59 45.41 57.50 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 32.60 29.58 23.08 37.78 30.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 14.35 15.69 17.95 12.31 12.50 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 6.37 7.54 15.38 4.51 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

March 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 93.33 0.49 3.22 2.97

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) 34.07 33.90 38.14 36.12 36.63 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 13.98 13.62 11.86 14.27 25.13 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 13.92 13.70 12.89 16.61 18.19 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.33 14.07 8.25 4.52 0.34 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 12.80 12.85 17.01 13.34 9.73 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 11.90 11.85 11.86 15.13 9.98 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

March 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 93.44 1.85 2.74 1.98

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) 34.46 34.59 30.27 35.80 30.57 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.39 18.19 10.31 7.35 0.28 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.95 15.43 21.60 20.29 28.83 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 15.00 14.67 19.96 15.96 24.65 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.44 10.22 14.80 13.29 12.88 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.36 6.49 2.24 7.15 2.79 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.41 0.42 0.82 0.15 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

March 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 56.01 3.03 39.01 1.96

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) 48.88 48.38 49.23 49.05 59.52 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 30.54 28.01 23.08 34.73 30.95 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 12.71 14.63 13.85 10.02 9.52 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 7.87 8.98 13.85 6.21 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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