Q1 Q2 Q3 20072008
SEC Rule 606 Report / ViewTrade / 3rd Quarter, 2008
(Percentages of Total Non-Directed Orders Routed to Individual Route Venues)
Securities Listed on New York Stock Exchange
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%) 100 11 47 43
Knight Capital Markets 99 100 100 98
94% of total customer orders were non-directed orders.
Securities Listed on The Nasdaq Stock Market
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%) 100 9 49 42
Knight Equity Markets 99 100 100 97
92% of total customer orders were non-directed orders.
Securities Listed on American Stock Exchange or Regional Exchanges
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%) 100 9 39 52
Knight Capital Markets 99 100 100 98
96% of total customer orders were non-directed orders.
Exchange-Listed Options
In the months of Jul/Aug/Sep 2008, ViewTrade routed 5040 options orders, totaling 66563 contracts. These orders were routed as follows (by percentage of the total contract volume):
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
AMEX 0.40 15.00 70.00 15.00
BOX 2.30 25.00 75.00 0.00
CBOE 15.54 8.43 88.38 3.19
ISE 23.65 3.52 94.38 2.10
NOM 2.46 3.23 96.77 0.00
PCX 35.81 2.49 97.23 0.28
PHLX 19.84 12.30 85.50 2.20
100% of total customer orders were non-directed orders.
ViewTrade's order routing decisions are based on the principle of best execution.
The firm has no payment for order flow arrangements with these market centers.