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

Generated on Wed Oct 05 2022 15:43:38 EDT-0400 (Eastern Daylight Time)

3rd Quarter, 2022

September 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 86.19 0.22 5.28 8.32

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) 34.39 34.28 43.18 37.06 33.64 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.51 13.70 20.45 18.91 20.06 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.48 13.68 11.36 14.61 22.85 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 12.48 12.12 11.36 13.18 15.76 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 12.11 13.70 9.09 1.15 2.67 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 11.81 12.29 4.55 15.09 5.03 0 0.0000 0 0.0000 0 0.0000 0 0.0000
INTL FCStone Securities Inc (INTL) 0.21 0.24 0.00 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

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

September 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 89.81 0.83 4.63 4.74

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) 34.87 35.24 27.48 34.36 29.58 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 16.99 18.02 19.21 4.49 9.40 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.34 15.44 20.20 25.21 24.16 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.98 14.57 14.90 14.88 22.84 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.17 9.82 13.58 16.00 10.55 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.65 6.92 4.64 5.08 3.46 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

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

September 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 74.03 3.01 17.97 4.99

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 LLC (CITL) 45.14 46.32 46.55 39.60 46.88 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 30.39 30.32 15.52 28.61 46.88 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 19.32 21.05 24.14 15.03 6.25 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 3.32 0.14 13.79 15.61 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Matrix Executions, LLC (MTRX) 1.82 2.18 0.00 1.16 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

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

July 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 91.80 0.23 3.16 4.82

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) 34.27 34.36 40.00 36.21 30.97 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.78 14.26 10.00 22.06 20.28 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 13.46 12.84 10.00 13.43 25.63 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 13.05 13.03 16.67 9.83 15.41 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 12.56 13.34 10.00 0.72 5.50 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 11.88 12.18 13.33 17.75 2.20 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

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

July 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 91.99 0.81 2.87 4.34

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) 35.01 35.70 21.99 36.67 21.71 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.73 15.94 25.65 24.45 26.58 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 16.34 16.96 12.57 1.62 13.53 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 15.46 14.80 15.71 16.35 28.72 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 9.91 9.89 15.18 15.61 5.45 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.56 6.70 8.90 5.30 3.99 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

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

July 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 80.15 1.51 15.10 3.24

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 LLC (CITL) 47.57 48.05 50.00 39.29 73.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 32.04 32.17 7.14 35.00 26.67 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 16.50 17.77 21.43 12.86 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 2.37 0.13 21.43 12.86 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Matrix Executions, LLC (MTRX) 1.51 1.88 0.00 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

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

August 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 86.06 0.18 3.64 10.12

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) 34.71 34.36 41.67 37.17 36.72 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.88 14.07 4.17 18.79 20.54 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.24 13.37 16.67 12.32 22.28 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 13.20 12.78 16.67 13.13 16.69 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 12.32 13.93 12.50 1.01 2.69 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.65 11.49 8.33 17.58 1.09 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

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

August 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 92.39 0.80 2.93 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) 34.37 34.75 25.37 36.35 25.66 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.70 18.30 19.40 3.51 13.75 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.22 15.71 20.90 22.70 22.51 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.84 14.36 16.42 16.35 24.95 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.23 10.11 14.43 15.95 8.04 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.64 6.78 3.48 5.14 5.09 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

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

August 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 72.74 1.99 18.21 7.07

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) 48.01 49.07 50.00 43.28 48.72 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 29.80 27.90 31.82 28.86 51.28 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 17.30 20.42 13.64 11.94 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 2.99 0.12 4.55 15.42 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Matrix Executions, LLC (MTRX) 1.90 2.49 0.00 0.50 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

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

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