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 Jan 25 2023 15:26:14 EST-0500 (Eastern Daylight Time)

4th Quarter, 2022

December 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 95.19 0.41 2.41 1.99

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 33.93 31.71 37.84 15.47 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.30 14.03 18.90 18.81 20.63 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 13.36 12.71 13.41 14.03 43.65 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.33 13.68 12.80 3.01 9.06 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 12.77 12.91 12.80 13.20 5.53 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.09 12.21 9.76 13.10 5.41 0 0.0000 0 0.0000 0 0.0000 0 0.0000
StoneX Financial Inc (INTL) 0.51 0.53 0.61 0.00 0.25 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
StoneX Financial Inc (INTL):
[Insert discussion of the material aspects of the relationship with this venue pursuant to rule 606(a)(1)(iv).]

December 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 95.54 1.05 1.93 1.48

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 34.07 26.52 28.28 18.99 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.79 18.08 16.38 9.90 10.06 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.61 15.17 18.55 25.06 29.47 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.48 14.24 16.67 15.00 27.62 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 9.56 9.42 15.22 13.98 8.83 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 8.82 8.92 6.67 7.78 5.03 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Pershing Preferred Mkt Maker (PPFD) 0.09 0.10 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
Pershing Preferred Mkt Maker (PPFD):
[Insert discussion of the material aspects of the relationship with this venue pursuant to rule 606(a)(1)(iv).]

December 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 54.35 6.04 38.85 0.77

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) 44.98 48.09 44.78 40.84 35.29 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 27.53 27.86 22.39 27.61 41.18 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 21.18 23.63 19.40 17.98 23.53 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 6.31 0.41 13.43 13.57 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

October 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 95.78 0.39 2.21 1.62

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) 33.87 33.95 25.52 38.54 24.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 13.84 13.60 18.62 19.02 20.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 13.43 13.23 11.72 10.61 29.67 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.17 13.55 11.72 3.54 3.83 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 13.14 13.13 17.24 14.02 11.67 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.18 12.15 15.17 14.27 10.50 0 0.0000 0 0.0000 0 0.0000 0 0.0000
INTL FCStone Securities Inc (INTL) 0.37 0.39 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
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
INTL FCStone Securities Inc (INTL):
[Insert discussion of the material aspects of the relationship with this venue pursuant to rule 606(a)(1)(iv).]

October 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 96.31 0.88 1.64 1.17

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) 34.77 35.09 25.29 32.65 18.30 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 18.19 18.50 16.92 8.83 7.49 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.70 15.38 19.20 20.64 33.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.57 14.39 15.40 15.30 27.81 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 9.55 9.34 16.92 16.94 10.81 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 7.18 7.27 6.27 5.65 2.59 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Pershing Preferred Mkt Maker (PPFD) 0.02 0.02 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
Pershing Preferred Mkt Maker (PPFD):
[Insert discussion of the material aspects of the relationship with this venue pursuant to rule 606(a)(1)(iv).]

October 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 53.94 4.77 40.03 1.25

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) 45.14 49.06 38.30 40.15 62.16 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 28.39 27.60 24.11 29.92 29.73 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 19.56 22.40 19.86 16.06 8.11 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 6.60 0.44 17.73 13.78 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Matrix Executions, LLC (MTRX) 0.30 0.50 0.00 0.08 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
Matrix Executions, LLC (MTRX):
CAN Material Aspects Disclosure Q2 2021.pdf

November 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 95.59 0.33 2.20 1.87

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 33.76 24.41 32.93 20.73 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.15 13.80 20.47 20.36 23.70 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.03 13.54 18.11 14.49 37.94 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.12 13.46 16.54 4.55 5.36 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 12.44 12.54 11.02 13.89 5.64 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.30 12.40 8.66 13.53 6.49 0 0.0000 0 0.0000 0 0.0000 0 0.0000
StoneX Financial Inc (INTL) 0.49 0.50 0.79 0.24 0.14 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
StoneX Financial Inc (INTL):
[Insert discussion of the material aspects of the relationship with this venue pursuant to rule 606(a)(1)(iv).]

November 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 95.70 0.91 2.01 1.37

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) 34.13 34.48 25.85 32.28 17.89 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.75 18.13 16.67 8.38 6.07 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 15.71 15.32 18.03 19.98 35.10 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.73 14.52 16.16 16.30 26.55 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.01 9.75 16.84 17.68 12.60 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 7.60 7.74 6.46 5.38 1.80 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Pershing Preferred Mkt Maker (PPFD) 0.06 0.06 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
Pershing Preferred Mkt Maker (PPFD):
[Insert discussion of the material aspects of the relationship with this venue pursuant to rule 606(a)(1)(iv).]

November 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 51.51 4.14 43.31 1.05

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) 45.98 52.72 37.37 39.03 36.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 28.33 28.51 21.21 28.02 60.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 19.29 18.68 22.22 20.10 4.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 6.40 0.08 19.19 12.85 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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