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Order Routing


SEC Rule 606
Disclosure of Order Routing Practices


NYSE Securities
Quarter Ending Sep-2018*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00%    42.92%    15.72%    41.36%   
VIRTU AMERICAS LLC (NITW) 52.74%    56.81%    51.49%    49.00%   
UBS SECURITIES LLC 38.01%    36.35%    39.85%    39.03%   
CITADEL GROUP 5.94%    6.84%    6.83%    4.67%   

NASDAQ Securities
Quarter Ending Sep-2018*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00%    33.19%    22.31%    44.50%   
VIRTU AMERICAS LLC (NITW) 54.40%    62.58%    67.05%    41.95%   
UBS SECURITIES LLC 31.29%    30.89%    26.33%    34.07%   
Wedbush Securities Inc. 7.09%    0.00%    0.00%    15.93%   
CITADEL GROUP 7.06%    6.40%    6.32%    7.91%   

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

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00%     39.22%    15.67%    45.11%   
UBS SECURITIES LLC     60.57%    62.69%     70.08%    55.42%   
VIRTU AMERICAS LLC (NITW) 37.80%    37.24%    28.48%    41.52%   

Listed Options
Quarter Ending Sep-2018*

Exchange Non-Directed Market Order Limit Others
Total Wedbush Securities, Inc. Orders 100.00%    16.35%    70.94%    12.71%   
AUTOMATED TRADING DESK FINANCIAL SERVICES LLC, OPTIONS 56.41%    56.44%    55.08%    63.79%   
CITADEL GROUP, – OPTIONS 26.05%    25.52%    26.38%    24.86%   
WOLVERINE EXECUTION SERVICES, LLC. - OPTIONS 17.47%    18.04%    18.50%    11.02%   

*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 »