SEC Rule 606

Disclosure of Order Routing Practices

NYSE Securities Quarter Ending SEP-2019*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00% 40.33% 13.50% 46.17%
VIRTU AMERICAS LLC (NITW) 65.21% 73.08% 74.49% 55.62%
UBS SECURITIES LLC 25.15% 22.33% 18.83% 29.46%
CITADEL GROUP 5.32% 4.59% 4.42% 6.21%

NASDAQ Securities Quarter Ending SEP-2019*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00% 30.57% 22.62% 46.81%
VIRTU AMERICAS LLC (NITW) 47.10% 55.53% 57.43% 36.59%
UBS SECURITIES LLC 37.61% 38.45% 38.73% 36.53%
Wedbush Securities Inc. 10.08% 0.00% 0.00% 21.53%
CITADEL GROUP 5.06% 5.88% 3.60% 5.23%

American Stock Exchange (and Regional Exchanges) Quarter Ending SEP-2019*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00% 40.78% 13.92% 45.30%
UBS SECURITIES LLC 57.35% 59.65% 61.02% 54.15%
VIRTU AMERICAS LLC (NITW) 40.67% 40.32% 37.44% 41.98%

Listed Options Quarter Ending SEP-2019*

Exchange Non-Directed Market Order Limit Others
Total Wedbush Securities, Inc. Orders 100.00% 22.83% 70.91% 6.26%
AUTOMATED TRADING DESK FINANCIAL SERVICES LLC, OPTIONS 50.65% 49.30% 50.50% 57.26%
CITADEL GROUP, – OPTIONS 28.82% 29.63% 29.01% 23.72%
WOLVERINE EXECUTION SERVICES, LLC. – OPTIONS 20.53% 21.08% 20.49% 19.02%

*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 »