SEC Rule 606

Disclosure of Order Routing Practices

NYSE Securities Quarter Ending MAR-2019*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00% 38.48% 16.14% 45.38%
VIRTU AMERICAS LLC (NITW) 65.09% 73.97% 73.48% 54.59%
UBS SECURITIES LLC 25.70% 21.21% 19.71% 31.65%
CITADEL GROUP 5.39% 4.82% 4.71% 6.12%

NASDAQ Securities Quarter Ending MAR-2019*

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00% 31.90% 20.90% 47.20%
VIRTU AMERICAS LLC (NITW) 46.57% 55.23% 54.14% 37.36%
UBS SECURITIES LLC 38.18% 35.83% 39.25% 39.29%
CITADEL GROUP 7.43% 8.58% 5.29% 7.59%
Wedbush Securities Inc. 7.36% 0.00% 0.00% 15.60%

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

Exchange Non-Directed Market Orders Limit Others
Total Wedbush Securities, Inc. Orders 100.00% 41.63% 13.92% 44.45%
UBS SECURITIES LLC 53.40% 57.12% 59.03% 48.15%
VIRTU AMERICAS LLC (NITW) 45.22% 42.82% 40.11% 49.07%

Listed Options Quarter Ending MAR-2019*

Exchange Non-Directed Market Order Limit Others
Total Wedbush Securities, Inc. Orders 100.00% 18.91% 74.27% 6.82%
AUTOMATED TRADING DESK FINANCIAL SERVICES LLC, OPTIONS 50.55% 50.19% 50.22% 55.15%
CITADEL GROUP, – OPTIONS 29.72% 29.28% 30.30% 24.61%
WOLVERINE EXECUTION SERVICES, LLC. – OPTIONS 19.66% 20.47% 19.40% 20.24%

*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 »