Securities Listed on OTC

Spencer-Winston Securities Corp.

Summary Statistics:

Non-directed orders as percentage of total customer orders 99.9%

Market orders as percentage of total non-directed orders 23.5%

Limit orders as percentage of total non-directed orders 75.2%

Other orders as percentage of total non-directed orders 1.3%

Venues receiving significant percentage of total non-directed orders:

Penson Financial Services, Inc. 4.1%

NYSE ARCA 3.0%

Knight Securities 78.1%

UBS Securities, LLC 14.9%

Information Concerning significant Venues:

Penson Financial Services, Inc.

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 4.3%

Market orders as percentage of total market orders 3.7%

NYSE ARCA

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 3.9%

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 81.4%

Market orders as percentage of total market orders 66.9%

Other orders as percentage of total other orders 89.5%

UBS Securities, LLC

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 10.4%

Market orders as percentage of total market orders 29.4%

Other orders as percentage of total other orders 10.5%

 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 16.0%
Limit orders as percentage of total non-directed orders 84.0%
Other orders as percentage of total non-directed orders 0.0%
 
Venues receiving significant percentage of total non-directed orders:
 
Penson Financial Services, Inc. 1.9%
ATD, a CITI Company 91.3%
Ridge Clearing Order Room  0.0%
UBS Securities, LLC 6.7%
 
Information Concerning significant Venues:
 
Penson Financial Services, Inc.
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 1.8%
Market orders as percentage of total market orders 2.8%
 
 
ATD, a CITI Company
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 90.7%
Market orders as percentage of total market orders 94.7%
 
 
Ridge Clearing Order Room
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.0%
 
 
UBS Securities, LLC
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 7.5%
Market orders as percentage of total market orders 2.6%
Other orders as percentage of total other orders 100.0%
 
 
 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 34.6%
Limit orders as percentage of total non-directed orders 61.8%
Other orders as percentage of total non-directed orders 3.6%
 
Venues receiving significant percentage of total non-directed orders:
 
Penson Financial Services, Inc. 2.4%
NYSE ARCA 3.5%
NYSE  0.3%
Knight Capital Market,LLC 93.7%
 
Information Concerning significant Venues:
 
Penson Financial Services, Inc.
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 2.3%
Market orders as percentage of total market orders 3.0%
 
 
NYSE ARCA
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 5.7%
 
 
NYSE
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders 0.3%
Market orders as percentage of total market orders 0.4%
 
 
Knight Capital Market,LLC
 
Type of Orders Routed to Venue:
 
Limit orders as percentage of total limit orders  91.7%
Market orders as percentage of total market orders 96.7%
Other orders as percentage of total other orders 100.0%