Securities Listed on OTC

Spencer-Winston Securities Corp.

Summary Statistics:

Non-directed orders as percentage of total customer orders 100.0%

Market orders as percentage of total non-directed orders 40.4%

Limit orders as percentage of total non-directed orders 58.8%

Other orders as percentage of total non-directed orders 0.8%

Venues receiving significant percentage of total non-directed orders:

NYSE ARCA 7.0%

Knight Securities 48.1%

Hudson Securities 43.9%

UBS Securities, LLC 1.0%

Information Concerning significant Venues:

NYSE ARCA

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 11.7%

Market orders as percentage of total market orders 0.3%

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 55.4%

Market orders as percentage of total market orders 37.3%

Other orders as percentage of total other orders 50.0%

Hudson Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 32.0%

Market orders as percentage of total market orders 61.2%

Other orders as percentage of total other orders 50.0%

UBS Securities, LLC

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 0.9%

Market orders as percentage of total market orders 1.2%

 Securities Listed on Option Market 
 Spencer-Winston Securities Corp. 
 
Summary Statistics:
 
Non-directed orders as percentage of total customer orders 100.0%
Market orders as percentage of total non-directed orders 12.9%
Limit orders as percentage of total non-directed orders 86.9%
Other orders as percentage of total non-directed orders 0.2%
 
Venues receiving significant percentage of total non-directed orders:
 
ATD, a CITI Company 69.0%
Ridge Clearing Order Room  0.3%
UBS Securities, LLC 30.7%
 
Information Concerning significant Venues:
 
ATD, a CITI Company
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 65.8%
Market orders as percentage of total market orders 90.4%
Other orders as percentage of total other orders 66.7%
 
 
Ridge Clearing Order Room
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.4%
 
 
UBS Securities, LLC
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 33.8%
Market orders as percentage of total market orders 9.6%
Other orders as percentage of total other orders 33.3%
 
 
 Securities Listed on New York Stock Exchange 
 Spencer-Winston Securities Corp. 
 
Summary Statistics:
 
Non-directed orders as percentage of total customer orders 100.0%
Market orders as percentage of total non-directed orders 44.0%
Limit orders as percentage of total non-directed orders 53.1%
Other orders as percentage of total non-directed orders 2.9%
 
Venues receiving significant percentage of total non-directed orders:
 
NYSE ARCA  6.4%
NYSE 0.1%
E*TRADE Capital Markets 0.6%
Knight Capital Market,LLC 92.7%
UBS Securities, LLC 0.2%
 
Information Concerning significant Venues:
 
NYSE ARCA
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 12.0%
Market orders as percentage of total market orders 0.1%
Other orders as percentage of total other orders 0.9%
 
 
NYSE
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.1%
Market orders as percentage of total market orders 0.1%
 
 
E*TRADE Capital Markets
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.4%
Market orders as percentage of total market orders 1.0%
 
 
Knight Capital Market,LLC
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 87.4%
Market orders as percentage of total market orders 98.7%
Other orders as percentage of total other orders 99.1%
 
 
UBS Securities, LLC
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.2%
Market orders as percentage of total market orders 0.2%