1st Quarter, 2020

ARETE WEALTH MANAGEMENT – Held NMS Stocks and Options Order Routing Public Report

Generated on Thu Apr 30 2020 01:17:43 GMT-4 EDT

January 2020

S&P 500 Stocks

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 97.06 0.00 0.00 2.94

Venues

Venue – Non-directed Order Flow Non-Directed Orders(%) Market Orders(%) Marketable Limit Orders(%) Non-Marketable Limit Orders(%) Other Orders(%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities LLC(CDRG) 57.89 56.76 0.00 0.00 100.00 0 0 0 0 0 0 0 0
VIRTU Americas LLC(NITE) 36.84 37.84 0.00 0.00 0.00 0 0 0 0 0 0 0 0
G1 Execution Services, LLC(ETMM) 2.63 2.70 0.00 0.00 0.00 0 0 0 0 0 0 0 0
Two Sigma Securities, LLC(SOHO) 2.63 2.70 0.00 0.00 0.00 0 0 0 0 0 0 0 0
Material Aspects:

Non-S&P 500 Stocks

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 93.89 2.18 0.87 3.06

Venues

Venue – Non-directed Order Flow Non-Directed Orders(%) Market Orders(%) Marketable Limit Orders(%) Non-Marketable Limit Orders(%) Other Orders(%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities LLC(CDRG) 61.16 63.00 60.00 0.00 28.57 0 0 0 0 0 0 0 0
VIRTU Americas LLC(NITE) 28.51 27.75 20.00 0.00 71.43 0 0 0 0 0 0 0 0
G1 Execution Services, LLC(ETMM) 7.02 7.05 20.00 0.00 0.00 0 0 0 0 0 0 0 0
UBS Securities, LLC(UBSS) 1.24 1.32 0.00 0.00 0.00 0 0 0 0 0 0 0 0
Cboe EDGX U.S. Equities Exchange(EDGX) 0.83 0.00 0.00 66.67 0.00 0 0 0 0 0 0 0 0
NASDAQ Execution Services, LLC(NSDQ) 0.41 0.00 0.00 33.33 0.00 0 0 0 0 0 0 0 0
Two Sigma Securities, LLC(SOHO) 0.41 0.44 0.00 0.00 0.00 0 0 0 0 0 0 0 0
State Street Global Markets, LLC(SSBS) 0.41 0.44 0.00 0.00 0.00 0 0 0 0 0 0 0 0
Material Aspects:

Option Contracts

Summary

Non-Directed Orders as % of All OrdersMarket Orders as % of Non-Directed OrdersMarketable Limit Orders as % of Non-Directed OrdersNon-Marketable Limit Orders as % of Non-Directed OrdersOther Orders as % of Non-Directed Orders
100.000.0050.0050.000.00

Venues

Venue – Non-directed Order FlowNon-Directed Orders(%)Market Orders(%)Marketable Limit Orders(%)Non-Marketable Limit Orders(%)Other Orders(%)Net Payment Paid/Received for Market Orders(USD)Net Payment Paid/Received for Market Orders(cents per hundred shares)Net Payment Paid/Received for Marketable Limit Orders(USD)Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Non-Marketable Limit Orders(USD)Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Other Orders(USD)Net Payment Paid/Received for Other Orders(cents per hundred shares)
DASH FINANCIAL TECHNOLOGIES LLC(DASH)66.670.000.00100.000.0000000000
Susquehanna Capital Group(SUSQ)33.330.00100.000.000.0000000000
              
Material Aspects:             
              
              

February 2020

S&P 500 Stocks

Summary

Non-Directed Orders as % of All OrdersMarket Orders as % of Non-Directed OrdersMarketable Limit Orders as % of Non-Directed OrdersNon-Marketable Limit Orders as % of Non-Directed OrdersOther Orders as % of Non-Directed Orders
100.00100.000.000.000.00

Venues

Venue – Non-directed Order FlowNon-Directed Orders(%)Market Orders(%)Marketable Limit Orders(%)Non-Marketable Limit Orders(%)Other Orders(%)Net Payment Paid/Received for Market Orders(USD)Net Payment Paid/Received for Market Orders(cents per hundred shares)Net Payment Paid/Received for Marketable Limit Orders(USD)Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Non-Marketable Limit Orders(USD)Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Other Orders(USD)Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities LLC(CDRG)64.6264.620.000.000.0000000000
VIRTU Americas LLC(NITE)26.1526.150.000.000.0000000000
G1 Execution Services, LLC(ETMM)6.156.150.000.000.0000000000
UBS Securities, LLC(UBSS)3.083.080.000.000.0000000000
              
Material Aspects:             
              
              

Non-S&P 500 Stocks

Summary

Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non-Directed Orders Other Orders as % of Non-Directed Orders
100.00 95.86 1.88 2.26 0.00

Venues

Venue – Non-directed Order Flow Non-Directed Orders(%) Market Orders(%) Marketable Limit Orders(%) Non-Marketable Limit Orders(%) Other Orders(%) Net Payment Paid/Received for Market Orders(USD) Net Payment Paid/Received for Market Orders(cents per hundred shares) Net Payment Paid/Received for Marketable Limit Orders(USD) Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Non-Marketable Limit Orders(USD) Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares) Net Payment Paid/Received for Other Orders(USD) Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities LLC(CDRG) 53.48 55.69 40.00 15.38 0.00 0 0 0 0 0 0 0 0
VIRTU Americas LLC(NITE) 30.04 30.20 40.00 23.08 0.00 0 0 0 0 0 0 0 0
G1 Execution Services, LLC(ETMM) 9.89 10.20 20.00 0.00 0.00 0 0 0 0 0 0 0 0
NASDAQ Execution Services, LLC(NSDQ) 2.56 0.00 0.00 53.85 0.00 0 0 0 0 0 0 0 0
UBS Securities, LLC(UBSS) 2.20 2.35 0.00 0.00 0.00 0 0 0 0 0 0 0 0
Two Sigma Securities, LLC(SOHO) 1.10 1.18 0.00 0.00 0.00 0 0 0 0 0 0 0 0
Cboe EDGX U.S. Equities Exchange(EDGX) 0.37 0.00 0.00 7.69 0.00 0 0 0 0 0 0 0 0
JANE STREET CAPITAL, LLC(JNST) 0.37 0.39 0.00 0.00 0.00 0 0 0 0 0 0 0 0
Material Aspects:

Option Contracts

Summary

Non-Directed Orders as % of All OrdersMarket Orders as % of Non-Directed OrdersMarketable Limit Orders as % of Non-Directed OrdersNon-Marketable Limit Orders as % of Non-Directed OrdersOther Orders as % of Non-Directed Orders
100.00100.000.000.000.00

Venues

Venue – Non-directed Order FlowNon-Directed Orders(%)Market Orders(%)Marketable Limit Orders(%)Non-Marketable Limit Orders(%)Other Orders(%)Net Payment Paid/Received for Market Orders(USD)Net Payment Paid/Received for Market Orders(cents per hundred shares)Net Payment Paid/Received for Marketable Limit Orders(USD)Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Non-Marketable Limit Orders(USD)Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Other Orders(USD)Net Payment Paid/Received for Other Orders(cents per hundred shares)
DASH FINANCIAL TECHNOLOGIES LLC(DASH)100.00100.000.000.000.0000000000
              
Material Aspects:             
           

March 2020

S&P 500 Stocks

Summary

Non-Directed Orders as % of All OrdersMarket Orders as % of Non-Directed OrdersMarketable Limit Orders as % of Non-Directed OrdersNon-Marketable Limit Orders as % of Non-Directed OrdersOther Orders as % of Non-Directed Orders
100.0096.650.001.122.23

Venues

Venue – Non-directed Order FlowNon-Directed Orders(%)Market Orders(%)Marketable Limit Orders(%)Non-Marketable Limit Orders(%)Other Orders(%)Net Payment Paid/Received for Market Orders(USD)Net Payment Paid/Received for Market Orders(cents per hundred shares)Net Payment Paid/Received for Marketable Limit Orders(USD)Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Non-Marketable Limit Orders(USD)Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Other Orders(USD)Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities LLC(CDRG)53.0754.650.0033.330.0000000000
VIRTU Americas LLC(NITE)20.6719.190.000.00100.0000000000
G1 Execution Services, LLC(ETMM)11.7312.210.000.000.0000000000
UBS Securities, LLC(UBSS)6.156.400.000.000.0000000000
Two Sigma Securities, LLC(SOHO)4.474.650.000.000.0000000000
JANE STREET CAPITAL, LLC(JNST)2.792.910.000.000.0000000000
New York Stock Exchange(NYSE)1.120.000.0066.670.0000000000
              
Material Aspects:             
            

Non-S&P 500 Stocks

Summary

Non-Directed Orders as % of All OrdersMarket Orders as % of Non-Directed OrdersMarketable Limit Orders as % of Non-Directed OrdersNon-Marketable Limit Orders as % of Non-Directed OrdersOther Orders as % of Non-Directed Orders
100.0096.991.001.510.50

Venues

Venue – Non-directed Order FlowNon-Directed Orders(%)Market Orders(%)Marketable Limit Orders(%)Non-Marketable Limit Orders(%)Other Orders(%)Net Payment Paid/Received for Market Orders(USD)Net Payment Paid/Received for Market Orders(cents per hundred shares)Net Payment Paid/Received for Marketable Limit Orders(USD)Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Non-Marketable Limit Orders(USD)Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Other Orders(USD)Net Payment Paid/Received for Other Orders(cents per hundred shares)
Citadel Securities LLC(CDRG)56.8058.3540.006.2566.6700000000
VIRTU Americas LLC(NITE)18.7619.2120.000.0033.3300000000
G1 Execution Services, LLC(ETMM)9.9810.410.000.000.0000000000
Two Sigma Securities, LLC(SOHO)4.654.6720.000.000.0000000000
UBS Securities, LLC(UBSS)4.484.670.000.000.0000000000
JANE STREET CAPITAL, LLC(JNST)2.412.510.000.000.0000000000
Cboe EDGX U.S. Equities Exchange(EDGX)1.200.000.0043.750.0000000000
NASDAQ Execution Services, LLC(NSDQ)1.200.000.0043.750.0000000000
New York Stock Exchange(NYSE)0.340.0020.006.250.0000000000
State Street Global Markets, LLC(SSBS)0.170.180.000.000.0000000000
              
Material Aspects:             
             

Option Contracts

Summary

Non-Directed Orders as % of All OrdersMarket Orders as % of Non-Directed OrdersMarketable Limit Orders as % of Non-Directed OrdersNon-Marketable Limit Orders as % of Non-Directed OrdersOther Orders as % of Non-Directed Orders
0.000.000.000.000.00

Venues

Venue – Non-directed Order FlowNon-Directed Orders(%)Market Orders(%)Marketable Limit Orders(%)Non-Marketable Limit Orders(%)Other Orders(%)Net Payment Paid/Received for Market Orders(USD)Net Payment Paid/Received for Market Orders(cents per hundred shares)Net Payment Paid/Received for Marketable Limit Orders(USD)Net Payment Paid/Received for Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Non-Marketable Limit Orders(USD)Net Payment Paid/Received for Non-Marketable Limit Orders(cents per hundred shares)Net Payment Paid/Received for Other Orders(USD)Net Payment Paid/Received for Other Orders(cents per hundred shares)
              
Material Aspects: