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Order Routing


SEC Rule 606
Disclosure of Order Routing Practices


NYSE Securities
Quarter Ending Mar-2018*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00%    42.42%    14.95%    42.63%   
VIRTU AMERICAS LLC (NITW) 56.53%    63.48%    58.05%    49.08%   
UBS SECURITIES LLC 35.33%    32.41%    34.05%    38.69%   

NASDAQ Securities
Quarter Ending Mar-2018*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00%    32.47%    23.61%    43.91%   
VIRTU AMERICAS LLC (NITW) 50.71%    56.71%    65.18%    38.50%   
UBS SECURITIES LLC 31.43%    32.25%    26.44%    33.51%   
CITADEL GROUP 9.12%    10.92%    8.32%    8.23%   
Wedbush Securities Inc. 8.66%    0.00%    0.00%    19.72%   

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

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00%     38.61%    16.69%    44.70%   
VIRTU AMERICAS LLC (NITW) 68.72%    71.23%    70.16%    66.00%   
UBS SECURITIES LLC     30.05%    28.55%     26.74%    32.58%   

Listed Options
Quarter Ending Mar-2018*

Exchange Non-Directed Market Order Limit Others
Total Wedbush Securities, Inc. Orders 100.00%    23.90%    67.29%    8.81%   
AUTOMATED TRADING DESK FINANCIAL SERVICES LLC, OPTIONS 51.84%    50.36%    50.90%    63.03%   
CITADEL GROUP, – OPTIONS 28.68%    30.31%    29.03%    21.59%   
WOLVERINE EXECUTION SERVICES, LLC. - OPTIONS 19.42%    19.33%    19.97%    15.38%   

*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 »