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 31.4%

Limit orders as percentage of total non-directed orders 66.3%

Other orders as percentage of total non-directed orders 2.3%

Venues receiving significant percentage of total non-directed orders:

NYSE ARCA 4.1%

Knight Securities 76.0%

Hudson Securities 11.7%

UBS Securities, LLC 8.2%

Information Concerning significant Venues:

NYSE ARCA

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 6.1%

Market orders as percentage of total market orders 0.2%

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 80.5%

Market orders as percentage of total market orders 65.8%

Other orders as percentage of total other orders 84.6%

Hudson Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 9.3%

Market orders as percentage of total market orders 16.8%

Other orders as percentage of total other orders 12.8%

UBS Securities, LLC

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 4.2%

Market orders as percentage of total market orders 17.2%

Other orders as percentage of total other orders 2.6%

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 12.3%
Limit orders as percentage of total non-directed orders 87.7%
Other orders as percentage of total non-directed orders 0.0%
 
Venues receiving significant percentage of total non-directed orders:
 
ATD, a CITI Company  83.7%
Ridge Clearing Order Room 0.4%
UBS Securities, LLC 15.9%
 
Information Concerning significant Venues:
 
ATD, a CITI Company
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 82.1%
Market orders as percentage of total market orders 95.0%
 
 
Ridge Clearing Order Room
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.5%
 
 
UBS Securities, LLC
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 17.4%
Market orders as percentage of total market orders 5.0%
 
 
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 41.5%
Limit orders as percentage of total non-directed orders 56.1%
Other orders as percentage of total non-directed orders 2.5%
 
Venues receiving significant percentage of total non-directed orders:
 
NYSE ARCA 5.9%
Knight Securities  0.1%
NYSE 0.2%
E*TRADE Capital Markets 0.7%
Knight Capital Market,LLC 93.2%
 
Information Concerning significant Venues:
 
NYSE ARCA
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 10.4%
Market orders as percentage of total market orders 0.1%
 
 
Knight Securities
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.2%
 
 
NYSE
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.2%
Market orders as percentage of total market orders 0.1%
 
 
E*TRADE Capital Markets
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.5%
Market orders as percentage of total market orders 0.9%
 
 
Knight Capital Market,LLC
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 88.7%
Market orders as percentage of total market orders 98.9%
Other orders as percentage of total other orders 100.0%