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 Thu Apr 14 2022 16:43:49 EDT-0400 (Eastern Daylight Time)

1st Quarter, 2022

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 89.98 0.67 6.80 2.55

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) 35.15 34.95 44.90 43.31 17.82 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.50 14.09 12.24 14.67 28.99 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 13.61 13.01 18.37 13.17 34.84 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 12.45 12.53 10.20 14.77 4.26 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 12.21 13.42 8.16 1.20 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.08 12.01 6.12 12.87 14.10 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

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 92.31 0.63 3.65 3.41

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 34.95 24.88 37.50 8.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.23 18.36 20.57 4.14 0.09 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.67 15.49 22.01 20.36 43.67 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 15.36 14.47 15.79 16.14 38.62 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 9.45 9.27 13.88 15.23 7.17 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.85 7.06 2.87 6.62 2.13 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.36 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):
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

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 76.75 2.02 19.98 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) 48.61 49.81 52.38 45.67 15.38 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 35.83 35.17 23.81 36.54 84.62 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 8.17 8.39 19.05 6.73 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 7.40 6.63 4.76 11.06 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

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 89.27 0.32 4.65 5.77

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 (CDRG) 34.16 34.54 26.67 35.77 27.48 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.66 14.05 31.11 18.72 19.88 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 13.55 13.00 17.78 12.94 22.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 13.04 12.90 15.56 16.13 12.64 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 12.57 13.67 0.00 2.13 4.79 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 12.01 11.85 8.89 14.31 12.88 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

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 90.10 0.62 3.04 6.24

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) 34.14 34.23 32.67 37.11 31.49 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.31 18.44 12.87 1.82 8.97 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.45 15.71 20.30 24.87 22.67 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.74 14.06 14.36 15.67 24.15 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 10.27 10.27 14.85 16.08 6.90 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.83 6.99 4.46 4.45 5.82 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.26 0.29 0.50 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

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 76.28 4.40 17.19 2.13

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) 49.72 49.72 51.61 47.93 60.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 35.65 35.75 19.35 40.50 26.67 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 12.22 11.92 29.03 9.09 13.33 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 2.41 2.61 0.00 2.48 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

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 87.94 0.87 6.54 4.65

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) 34.60 34.54 38.60 40.63 26.48 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 14.63 14.02 17.54 12.65 28.29 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 14.39 13.81 14.04 17.45 21.05 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 12.88 12.93 11.40 13.23 11.68 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 11.98 11.71 12.28 15.34 12.34 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 11.53 12.99 6.14 0.70 0.16 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
Jane Street Capital, LLC (JNST):
CA Material Aspects Disclosure Q2 2021.pdf
UBS Securities LLC (UBSS):
CA Material Aspects Disclosure Q2 2021.pdf
G1 Execution Services, LLC (ETMM):
CA 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 91.56 0.57 3.15 4.72

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) 34.59 34.95 35.19 39.03 24.59 0 0.0000 0 0.0000 0 0.0000 0 0.0000
G1 Execution Services, LLC (ETMM) 17.25 18.65 18.52 2.14 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Virtu Americas, LLC (NITE) 16.51 15.53 20.37 23.17 30.58 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Two Sigma Securities (SOHO) 15.11 14.25 13.58 15.19 31.93 0 0.0000 0 0.0000 0 0.0000 0 0.0000
UBS Securities LLC (UBSS) 9.66 9.64 10.49 13.50 7.35 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Jane Street Capital, LLC (JNST) 6.65 6.73 1.85 6.86 5.55 0 0.0000 0 0.0000 0 0.0000 0 0.0000
BNY Mellon Capital Markets LLC (BKCM) 0.23 0.25 0.00 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

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 66.56 3.99 29.12 0.33

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) 48.92 47.75 54.17 50.29 100.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Susquehanna International Group, LLP (SUSQ) 36.77 35.00 41.67 40.57 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
Wolverine Execution Svc. (WEXX) 8.65 11.00 0.00 4.57 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000
DASH Financial Option ATS (LPOX) 5.66 6.25 4.17 4.57 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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