October 2024
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 |
39.18 |
12.66 |
41.23 |
6.93 |
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) |
19.81 |
18.78 |
19.66 |
16.54 |
45.31 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| UBS Securities LLC (UBSS) |
18.94 |
9.39 |
25.64 |
29.13 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Jane Street Capital, LLC (JNST) |
14.61 |
20.99 |
8.55 |
10.24 |
15.63 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| G1 Execution Services, LLC (ETMM) |
10.71 |
14.09 |
6.84 |
7.35 |
18.75 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Virtu Americas, LLC (NITE) |
8.77 |
10.77 |
14.53 |
4.72 |
10.94 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| HRT FINANCIAL LP (HRTF) |
7.58 |
11.60 |
5.98 |
5.51 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| NADAQ Execution Services, LLC (INET) |
7.36 |
0.00 |
4.27 |
16.54 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Two Sigma Securities (SOHO) |
5.95 |
6.35 |
5.98 |
5.25 |
7.81 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| StoneX Financial Inc (INTL) |
3.90 |
4.42 |
5.13 |
3.41 |
1.56 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Citation Finacial Group (CITA) |
1.30 |
1.93 |
1.71 |
0.79 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| RBC Capital Markets Corp (RBCD) |
0.97 |
1.66 |
0.85 |
0.52 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| R. F. Lafferty & Co., Inc. (LAFC) |
0.11 |
0.00 |
0.85 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
Material Aspects:
Citadel Securities (CDRG):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
UBS Securities LLC (UBSS):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Jane Street Capital, LLC (JNST):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
G1 Execution Services, LLC (ETMM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Virtu Americas, LLC (NITE):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
HRT FINANCIAL LP (HRTF):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
NADAQ Execution Services, LLC (INET):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Two Sigma Securities (SOHO):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
StoneX Financial Inc (INTL):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Citation Finacial Group (CITA):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
RBC Capital Markets Corp (RBCD):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
R. F. Lafferty & Co., Inc. (LAFC):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
October 2024
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 |
20.87 |
25.45 |
50.70 |
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) |
17.89 |
16.32 |
15.07 |
20.27 |
12.50 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| G1 Execution Services, LLC (ETMM) |
16.46 |
15.23 |
15.52 |
17.17 |
21.15 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| RBC Capital Markets Corp (RBCD) |
15.20 |
5.62 |
13.72 |
20.67 |
1.92 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Jane Street Capital, LLC (JNST) |
11.48 |
15.91 |
12.04 |
8.75 |
22.12 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Virtu Americas, LLC (NITE) |
10.08 |
8.50 |
10.69 |
10.16 |
14.42 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| UBS Securities LLC (UBSS) |
8.39 |
13.85 |
7.54 |
6.27 |
13.46 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| HRT FINANCIAL LP (HRTF) |
5.35 |
6.72 |
6.64 |
4.23 |
3.85 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Two Sigma Securities (SOHO) |
4.29 |
6.17 |
5.17 |
2.88 |
7.69 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Citation Finacial Group (CITA) |
4.21 |
4.12 |
7.42 |
2.88 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| StoneX Financial Inc (INTL) |
3.61 |
5.21 |
5.17 |
2.20 |
2.88 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| NADAQ Execution Services, LLC (INET) |
2.83 |
1.78 |
0.90 |
4.40 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| R. F. Lafferty & Co., Inc. (LAFC) |
0.11 |
0.14 |
0.11 |
0.11 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| GTS Securities LLC (GTSM) |
0.06 |
0.27 |
0.00 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Maxim Group LLC (MAXM) |
0.03 |
0.14 |
0.00 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
Material Aspects:
Citadel Securities (CDRG):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
G1 Execution Services, LLC (ETMM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
RBC Capital Markets Corp (RBCD):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Jane Street Capital, LLC (JNST):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Virtu Americas, LLC (NITE):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
UBS Securities LLC (UBSS):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
HRT FINANCIAL LP (HRTF):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Two Sigma Securities (SOHO):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Citation Finacial Group (CITA):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
StoneX Financial Inc (INTL):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
NADAQ Execution Services, LLC (INET):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
R. F. Lafferty & Co., Inc. (LAFC):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
GTS Securities LLC (GTSM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Maxim Group LLC (MAXM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
October 2024
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 |
4.07 |
13.16 |
73.73 |
8.99 |
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) |
| Susquehanna International Group, LLP (SUSQ) |
53.73 |
32.57 |
70.60 |
52.31 |
50.60 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Citadel Securities LLC (CITL) |
28.31 |
39.47 |
16.58 |
28.23 |
40.77 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| DASH Financial Option ATS (DASH) |
9.45 |
16.45 |
7.02 |
10.26 |
3.27 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Wolverine Execution Svc. (WEXX) |
8.49 |
11.51 |
5.80 |
9.20 |
5.06 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| DASH Financial Algo (DFIN) |
0.03 |
0.00 |
0.00 |
0.00 |
0.30 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
Material Aspects:
Susquehanna International Group, LLP (SUSQ):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Citadel Securities LLC (CITL):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
DASH Financial Option ATS (DASH):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Wolverine Execution Svc. (WEXX):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
DASH Financial Algo (DFIN):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
November 2024
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 |
21.10 |
13.40 |
56.88 |
8.62 |
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) |
23.54 |
25.97 |
31.30 |
21.52 |
18.92 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Jane Street Capital, LLC (JNST) |
13.64 |
17.13 |
13.91 |
11.27 |
20.27 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| UBS Securities LLC (UBSS) |
11.66 |
2.76 |
15.65 |
15.37 |
2.70 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| G1 Execution Services, LLC (ETMM) |
10.72 |
15.47 |
2.61 |
8.20 |
28.38 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| HRT FINANCIAL LP (HRTF) |
9.67 |
13.26 |
8.70 |
9.43 |
4.05 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Virtu Americas, LLC (NITE) |
9.32 |
9.94 |
9.57 |
9.63 |
5.41 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Two Sigma Securities (SOHO) |
9.21 |
6.63 |
6.09 |
9.22 |
20.27 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| StoneX Financial Inc (INTL) |
6.41 |
6.63 |
7.83 |
6.97 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| NADAQ Execution Services, LLC (INET) |
5.13 |
1.10 |
2.61 |
7.99 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| RBC Capital Markets Corp (RBCD) |
0.23 |
0.55 |
0.87 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| R. F. Lafferty & Co., Inc. (LAFC) |
0.23 |
0.00 |
0.87 |
0.20 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Citation Finacial Group (CITA) |
0.12 |
0.55 |
0.00 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Instinet (XINS) |
0.12 |
0.00 |
0.00 |
0.20 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
Material Aspects:
Citadel Securities (CDRG):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Jane Street Capital, LLC (JNST):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
UBS Securities LLC (UBSS):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
G1 Execution Services, LLC (ETMM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
HRT FINANCIAL LP (HRTF):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Virtu Americas, LLC (NITE):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Two Sigma Securities (SOHO):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
StoneX Financial Inc (INTL):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
NADAQ Execution Services, LLC (INET):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
RBC Capital Markets Corp (RBCD):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
R. F. Lafferty & Co., Inc. (LAFC):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Citation Finacial Group (CITA):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Instinet (XINS):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
November 2024
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 |
18.61 |
26.25 |
51.79 |
3.36 |
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) |
| Citation Finacial Group (CITA) |
17.08 |
20.44 |
19.32 |
15.55 |
4.44 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Citadel Securities (CDRG) |
13.39 |
12.02 |
15.63 |
12.67 |
14.44 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Jane Street Capital, LLC (JNST) |
11.22 |
10.82 |
10.94 |
10.66 |
24.44 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| RBC Capital Markets Corp (RBCD) |
11.22 |
2.00 |
8.95 |
16.41 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| G1 Execution Services, LLC (ETMM) |
10.70 |
11.82 |
9.80 |
10.30 |
17.78 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| UBS Securities LLC (UBSS) |
9.17 |
15.23 |
8.38 |
7.42 |
8.89 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Virtu Americas, LLC (NITE) |
9.10 |
8.82 |
8.66 |
9.14 |
13.33 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Two Sigma Securities (SOHO) |
5.26 |
5.61 |
6.68 |
4.18 |
8.89 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| HRT FINANCIAL LP (HRTF) |
4.47 |
5.01 |
5.11 |
3.96 |
4.44 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| StoneX Financial Inc (INTL) |
4.06 |
3.81 |
4.40 |
4.10 |
2.22 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| NADAQ Execution Services, LLC (INET) |
3.88 |
3.81 |
1.56 |
5.33 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| R. F. Lafferty & Co., Inc. (LAFC) |
0.41 |
0.60 |
0.57 |
0.29 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| GTS Securities LLC (GTSM) |
0.04 |
0.00 |
0.00 |
0.00 |
1.11 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
Material Aspects:
Citation Finacial Group (CITA):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Citadel Securities (CDRG):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Jane Street Capital, LLC (JNST):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
RBC Capital Markets Corp (RBCD):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
G1 Execution Services, LLC (ETMM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
UBS Securities LLC (UBSS):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Virtu Americas, LLC (NITE):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Two Sigma Securities (SOHO):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
HRT FINANCIAL LP (HRTF):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
StoneX Financial Inc (INTL):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
NADAQ Execution Services, LLC (INET):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
R. F. Lafferty & Co., Inc. (LAFC):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
GTS Securities LLC (GTSM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
November 2024
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 |
4.42 |
12.40 |
72.43 |
10.75 |
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) |
| Susquehanna International Group, LLP (SUSQ) |
50.70 |
24.65 |
67.00 |
49.42 |
51.23 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Citadel Securities LLC (CITL) |
28.92 |
42.25 |
20.33 |
27.66 |
41.82 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| DASH Financial Option ATS (DASH) |
11.12 |
20.42 |
6.52 |
12.69 |
2.03 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Wolverine Execution Svc. (WEXX) |
9.26 |
12.68 |
6.15 |
10.22 |
4.92 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
Material Aspects:
Susquehanna International Group, LLP (SUSQ):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Citadel Securities LLC (CITL):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
DASH Financial Option ATS (DASH):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Wolverine Execution Svc. (WEXX):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
December 2024
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 |
52.16 |
13.04 |
40.86 |
7.35 |
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) |
21.76 |
15.32 |
22.54 |
21.35 |
28.75 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Jane Street Capital, LLC (JNST) |
17.81 |
14.08 |
22.54 |
15.06 |
18.75 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| UBS Securities LLC (UBSS) |
13.68 |
30.81 |
16.90 |
20.90 |
2.50 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| G1 Execution Services, LLC (ETMM) |
10.65 |
8.27 |
11.27 |
7.19 |
26.25 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Virtu Americas, LLC (NITE) |
9.92 |
9.51 |
4.93 |
9.21 |
7.50 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| HRT FINANCIAL LP (HRTF) |
9.00 |
7.75 |
7.75 |
8.54 |
7.50 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Two Sigma Securities (SOHO) |
7.44 |
5.63 |
7.75 |
7.19 |
7.50 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| StoneX Financial Inc (INTL) |
6.15 |
6.16 |
4.23 |
5.62 |
1.25 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| NADAQ Execution Services, LLC (INET) |
2.02 |
0.18 |
0.00 |
4.72 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Citation Finacial Group (CITA) |
0.73 |
1.41 |
0.00 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| RBC Capital Markets Corp (RBCD) |
0.73 |
0.70 |
2.11 |
0.22 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| R. F. Lafferty & Co., Inc. (LAFC) |
0.09 |
0.18 |
0.00 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
Material Aspects:
Citadel Securities (CDRG):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Jane Street Capital, LLC (JNST):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
UBS Securities LLC (UBSS):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
G1 Execution Services, LLC (ETMM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Virtu Americas, LLC (NITE):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
HRT FINANCIAL LP (HRTF):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Two Sigma Securities (SOHO):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
StoneX Financial Inc (INTL):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
NADAQ Execution Services, LLC (INET):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Citation Finacial Group (CITA):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
RBC Capital Markets Corp (RBCD):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
R. F. Lafferty & Co., Inc. (LAFC):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
December 2024
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 |
18.59 |
26.37 |
52.45 |
2.59 |
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) |
18.71 |
14.99 |
19.62 |
19.54 |
19.23 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| G1 Execution Services, LLC (ETMM) |
18.41 |
14.99 |
15.85 |
20.59 |
25.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Jane Street Capital, LLC (JNST) |
14.23 |
14.86 |
14.62 |
13.90 |
12.50 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Virtu Americas, LLC (NITE) |
11.79 |
7.76 |
13.11 |
12.57 |
11.54 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| UBS Securities LLC (UBSS) |
7.66 |
8.17 |
6.42 |
8.16 |
6.73 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Two Sigma Securities (SOHO) |
5.90 |
9.24 |
5.38 |
4.46 |
16.35 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| StoneX Financial Inc (INTL) |
5.85 |
5.35 |
6.79 |
5.60 |
4.81 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Citation Finacial Group (CITA) |
5.77 |
7.90 |
6.32 |
5.03 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| HRT FINANCIAL LP (HRTF) |
4.78 |
6.29 |
6.04 |
3.65 |
3.85 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| RBC Capital Markets Corp (RBCD) |
4.45 |
6.29 |
5.19 |
3.65 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| NADAQ Execution Services, LLC (INET) |
2.29 |
3.35 |
0.66 |
2.85 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| GTS Securities LLC (GTSM) |
0.10 |
0.54 |
0.00 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Clearpool Execution Services, LLC (CPEX) |
0.02 |
0.13 |
0.00 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| R. F. Lafferty & Co., Inc. (LAFC) |
0.02 |
0.13 |
0.00 |
0.00 |
0.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
Material Aspects:
Citadel Securities (CDRG):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
G1 Execution Services, LLC (ETMM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Jane Street Capital, LLC (JNST):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Virtu Americas, LLC (NITE):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
UBS Securities LLC (UBSS):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Two Sigma Securities (SOHO):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
StoneX Financial Inc (INTL):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Citation Finacial Group (CITA):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
HRT FINANCIAL LP (HRTF):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
RBC Capital Markets Corp (RBCD):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
NADAQ Execution Services, LLC (INET):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
GTS Securities LLC (GTSM):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Clearpool Execution Services, LLC (CPEX):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
R. F. Lafferty & Co., Inc. (LAFC):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
December 2024
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 |
4.25 |
19.85 |
73.35 |
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) |
| Susquehanna International Group, LLP (SUSQ) |
74.96 |
32.93 |
88.83 |
75.13 |
32.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Citadel Securities LLC (CITL) |
13.91 |
33.53 |
6.55 |
13.75 |
43.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| Wolverine Execution Svc. (WEXX) |
7.03 |
15.57 |
2.95 |
7.33 |
16.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| DASH Financial Option ATS (DASH) |
4.08 |
17.96 |
1.67 |
3.79 |
8.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
| DASH Financial Technologies LLC (DFIN) |
0.03 |
0.00 |
0.00 |
0.00 |
1.00 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
0 |
0.0000 |
Material Aspects:
Susquehanna International Group, LLP (SUSQ):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Citadel Securities LLC (CITL):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
Wolverine Execution Svc. (WEXX):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
DASH Financial Option ATS (DASH):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.
DASH Financial Technologies LLC (DFIN):
RFL account equity orders are routed to RBC and Pershing our respecve clearing firms, RBC and Pershing may receive PFOF, but RFL does not parcipate in compensaon with either. Opon orders that are executed at Pershing, Pershing may receive PFOF. RFL does not parcipate in PFOF. Opons orders executed thru RBC for RFL clients that are routed to Global Execuon Partners an affiliate of Susquehanna Internaonal Group, LLP. RFL receives PFOF on these orders.