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 Tue Jan 18 2022 16:15:58 EST-0500 (Eastern Daylight Time)

4th Quarter, 2021

October 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 93.00 0.39 3.77 2.84

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 (CDRG) 37.73 37.75 40.91 42.89 29.56 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.73 14.12 20.45 22.27 23.90 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.51 14.26 15.91 12.09 25.79 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.70 14.26 6.82 2.37 11.64 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.59 12.71 9.09 14.22 6.92 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.74 6.91 6.82 6.16 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
G1 Execution Services, LLC (ETMM):
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

October 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 90.67 0.56 2.78 6.00

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) 34.43 34.83 35.16 42.10 24.78 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.63 18.35 14.84 4.69 12.97 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.73 16.03 21.88 23.00 23.84 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 15.02 14.54 12.50 14.24 22.90 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.21 10.00 12.50 12.05 12.32 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 5.74 6.00 1.56 3.76 3.19 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.23 0.23 1.56 0.16 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Raymond James & Associates, Inc. (RAJA) 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):
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
BNY Mellon Capital Markets LLC (BKCM):
CA Material Aspects Disclosure Q2 2021.pdf
Raymond James & Associates, Inc. (RAJA):
CA Material Aspects Disclosure Q2 2021.pdf

October 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 72.52 2.89 22.84 1.76

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) 54.96 55.19 73.91 52.75 42.86 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 37.14 34.43 26.09 45.60 57.14 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 5.40 6.92 0.00 1.65 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 2.51 3.46 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

November 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 92.80 0.51 3.99 2.69

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) 35.90 35.99 29.51 43.67 22.19 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 15.10 14.82 9.84 14.14 27.19 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.47 13.99 32.79 18.78 21.25 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 14.06 14.69 6.56 1.27 12.81 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 13.57 13.58 13.11 13.71 13.13 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.90 6.93 8.20 8.44 3.44 0 0.0000 0 0.0000 0 0.0000 0 0.0000

Material Aspects:

Citadel Securities (CDRG):
CA Material Aspects Disclosure Q2 2021.pdf
Two Sigma Securities (SOHO):
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
UBS Securities LLC (UBSS):
CA Material Aspects Disclosure Q2 2021.pdf
Jane Street Capital, LLC (JNST):
CA Material Aspects Disclosure Q2 2021.pdf

November 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 90.82 0.71 3.59 4.88

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) 34.31 35.28 32.22 34.46 16.40 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.96 18.37 20.56 4.05 20.18 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.48 15.73 14.44 23.85 25.24 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.69 14.35 10.56 16.19 20.50 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.53 10.15 17.22 17.94 11.25 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 5.86 5.94 3.89 3.39 6.43 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.18 0.19 1.11 0.11 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
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
BNY Mellon Capital Markets LLC (BKCM):
CA Material Aspects Disclosure Q2 2021.pdf

November 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 75.52 3.25 19.26 1.97

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 LLC (CITL) 46.75 47.31 60.71 42.17 47.06 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 35.85 31.95 35.71 50.00 47.06 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 13.11 15.36 3.57 6.63 5.88 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 4.29 5.38 0.00 1.20 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

December 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 91.04 0.34 3.06 5.56

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) 33.98 34.63 25.00 38.46 21.45 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.69 14.14 10.00 20.05 21.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.12 13.55 17.50 13.74 23.56 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 13.39 13.83 15.00 2.47 12.08 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 11.96 11.87 15.00 13.19 12.54 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 11.86 11.99 17.50 12.09 9.37 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
G1 Execution Services, LLC (ETMM):
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

December 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 92.62 0.70 2.17 4.51

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) 34.40 34.75 32.29 35.95 26.94 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.52 18.17 13.02 4.68 11.05 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.09 15.59 15.10 26.76 21.37 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.91 14.48 16.15 13.04 24.44 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.78 10.41 18.23 15.38 15.16 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.15 6.45 5.21 4.18 1.05 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.15 0.16 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
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
BNY Mellon Capital Markets LLC (BKCM):
CA Material Aspects Disclosure Q2 2021.pdf

December 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 62.90 3.77 32.36 0.98

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 LLC (CITL) 48.40 50.78 48.15 43.10 71.43 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 36.82 33.04 40.74 43.97 28.57 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 11.02 11.75 7.41 10.34 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 3.77 4.43 3.70 2.59 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

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