SEC Rule 606 Report
May 24, 2013
In accordance with U.S. Securities and Exchange Commission (“SEC”) requirements, First Analysis Securities Corporation (“FASC”) is publishing statistical information about our routing of certain customers' orders in NASDAQ and listed stocks and listed options. SEC rules require broker-dealers that route orders in certain equity and option securities to make available quarterly reports that present a general overview of their routing practices. You should note that based on the SEC's requirements, these statistics capture only a portion of FASC’s order flow. The required statistics are intended to provide only an overview of our order routing practices. Accordingly, the statistics do not create a reliable basis on which to assess whether FASC or any other trading venue has satisfied its duty of best execution. We have made every attempt to prepare these statistics in compliance with the SEC's rules. However, these statistics have not been audited and may contain errors. Accordingly, any decision about whether to open an account or to direct orders to FASC should not be based solely on these statistics, but on an evaluation of the full range of services that we provide. Except for liquidity rebates that may be paid by electronic communications networks and exchanges, FASC does not receive payment for order flow. The rebates are customary and standardized industry wide. There a no other material aspects of FASC’s relationships with any other market center or other venue of execution.
| From: |
Year:2013 |
Month:1 |
| Until: |
Year:2013 |
Month:3 |
- NYSE non-directed customer orders as a percentage of total customer orders (34.34%)
- NYSE Market orders as a percentage of total orders (17.07%)
- NYSE Limit orders as a percentage of total orders (17.27%)
- NASDAQ Listed and OTC non-directed customer orders as a percentage of total customer orders (58.69%)
- NASDAQ Market orders as a percentage of total orders (37.46%)
- NASDAQ Limit orders as a percentage of total orders (21.23%)
- AMEX non-directed customer orders as a percentage of total customer orders (6.97%)
- AMEX Market orders as a percentage of total orders (5.83%)
- AMEX Limit orders as a percentage of total orders (1.14%)
| NYSE Exchange Listed Securities: |
Total Non-Directed Orders |
Market Orders |
Limit Orders |
| Bats Trading |
22.12% |
21.95% |
22.29% |
| Direct Edge |
19.09% |
20.73% |
17.47% |
| Nasdaq |
15.45% |
14.02% |
16.87% |
| Sigma X |
10.30% |
12.80% |
7.83% |
| ANON |
9.39% |
9.76% |
9.04% |
| ARCA |
9.09% |
7.93% |
10.24% |
| NYSE |
4.85% |
3.66% |
6.02% |
| Getco Execution Services |
2.73% |
3.05% |
2.41% |
| BIDS Trading |
2.12% |
1.83% |
2.41% |
| Others (6 others) |
4.85% |
4.27% |
5.42% |
| NASDAQ Listed Securities: |
Total Non-Directed Orders |
Market Orders |
Limit Orders |
| Nasdaq |
20.21% |
20.28% |
20.10% |
| Bats Trading |
20.04% |
19.72% |
20.59% |
| Direct Edge |
18.79% |
20.28% |
16.18% |
| Sigma X |
13.12% |
13.89% |
11.76% |
| ARCA |
11.88% |
10.83% |
13.73% |
| Getco Execution Services |
3.90% |
4.17% |
3.43% |
| BIDS Trading |
3.37% |
2.78% |
4.41% |
| Knight |
2.66% |
3.06% |
1.96% |
| Others (6 others) |
6.03% |
5.00% |
7.84% |
| AMEX or Other Regional Exchanges: |
Total Non-Directed Orders |
Market Orders |
Limit Orders |
| Bats Trading |
19.40% |
17.86% |
27.27% |
| Direct Edge |
16.42% |
17.86% |
9.09% |
| Nasdaq |
10.45% |
10.71% |
9.09% |
| Sigma X |
10.45% |
12.50% |
0.00% |
| ARCA |
7.46% |
7.14% |
9.09% |
| BIDS Trading |
5.97% |
5.36% |
9.09% |
| ANON |
5.97% |
5.36% |
9.09% |
| Knight |
5.97% |
5.36% |
9.09% |
| E*Trade |
4.48% |
5.36% |
0.00% |
| UBSS |
4.48% |
3.57% |
9.09% |
Morgan Stanley & Company |
2.99% |
3.57% |
0.00% |
| Others (4 others) |
5.97% |
5.36% |
9.09% |
| Options: |
| None. |
