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Order Routing


SEC Rule 606
Disclosure of Order Routing Practices


NYSE Securities
Quarter Ending Jun-2018*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00%    42.24%    15.45%    42.31%   
VIRTU AMERICAS LLC (NITW) 52.53%    61.22%    46.81%    45.94%   
UBS SECURITIES LLC 39.40%    34.92%    45.09%    41.79%   

NASDAQ Securities
Quarter Ending Jun-2018*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00%    31.61%    25.64%    42.75%   
VIRTU AMERICAS LLC (NITW) 48.12%    57.04%    57.93%    35.63%   
UBS SECURITIES LLC 37.66%    36.70%    35.63%    39.57%   
Wedbush Securities Inc. 7.62%    0.00%    0.00%    17.82%   
CITADEL GROUP 6.53%    6.22%    6.28%    6.92%   

American Stock Exchange (and Regional Exchanges)
Quarter Ending Jun-2018*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00%     37.00%    19.26%    43.75%   
UBS SECURITIES LLC     57.46%    60.07%     66.33%    51.34%   
VIRTU AMERICAS LLC (NITW) 40.50%    39.74%    31.78%    44.97%   

Listed Options
Quarter Ending Jun-2018*

Exchange Non-Directed Market Order Limit Others
Total Wedbush Securities, Inc. Orders 100.00%    19.82%    72.84%    7.33%   
AUTOMATED TRADING DESK FINANCIAL SERVICES LLC, OPTIONS 49.89%    48.47%    49.95%    53.06%   
CITADEL GROUP, – OPTIONS 31.07%    30.65%    31.24%    30.48%   
WOLVERINE EXECUTION SERVICES, LLC. - OPTIONS 18.98%    20.89%    18.71%    16.46%   

*Wedbush Securities has prepared this report in accordance with U.S. Securities and Exchange Commission Exchange Act Rule 606 that requires broker/dealers to make public, quarterly reports containing certain information on their order routing practices. The report provides information on the routing of "non-directed orders" which is generally defined as any order that the client has not specifically instructed to be routed to a particular venue for execution. The firm’s figures include those from our Correspondent broker-dealer customer orders which were routed to Wedbush Securities.

Material Aspects of Relationships with Venues »