Q3 '16 Q4 '16 Q1 '17 Q2 '17 Q3 '17
SEC Rule 606 Report / ViewTrade / 3rd Quarter, 2017
In accordance with U.S. Securities and Exchange Commission (SEC) Rule 606, ViewTrade Securities Inc (the Firm) is publishing statistical information about our routing practices for non-directed orders in U.S. exchange-listed equity securities and options.

This report is divided into four sections: one for securities listed on the New York Stock Exchange LLC and reported as Network A-eligible securities; one for securities listed on The Nasdaq Stock Market LLC; one for securities listed on the NYSE MKT, LLC or regional exchanges and reported as Network B-eligible securities; and one for exchange-listed options. For each section, this report identifies the venues most often selected by the Firm, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of the Firm's relationship with the venues.

You may visit the SEC web site for more information on the Disclosure of Order Execution and Routing Practices , Regulation NMS and interpretative frequently asked questions ( Staff Legal Bulletin No. 13A).

Summary
Non-directed orders as percentage of total customer orders 86%
Market orders as percentage of total non-directed orders 30%
Limit orders as percentage of total non-directed orders 68%
Other orders as percentage of total non-directed orders 3%

Venues Receiving Significant Percentage of Total Non-Directed Orders
Citadel Securities 20%
Virtu Financial LLC 18%
Two Sigma Securities, LLC 17%
UBS Securities, LLC. 16%
BATS Global Markets 9%
NASDAQ OMX Group 8%
NYSE Arca 8%



NYSE Euronext
Non-Directed Orders as a Percentage of Total Customer Orders: 81.85%
Percentage of Non-Directed Customer Orders That Were: Market Limit Other (includes "Not Held")
34.79% 61.92% 3.29%
Routing Information Concerning Significant Venues (5% or more)
Percentage of Orders Routed to Significant Venues Total Non-Directed Orders Non-Directed Market Orders Non-Directed Limit Orders Non-Directed Other Orders
Virtu Financial LLC 2 20.84% 42.37% 52.95% 4.68%
Citadel Securities 2 19.89% 44.30% 51.71% 3.99%
Two Sigma Securities, LLC 2 18.89% 44.93% 50.98% 4.10%
UBS Securities, LLC. 2 18.50% 46.81% 49.12% 4.07%
NYSE Arca 3 14.48% 0.01% 99.99% 0.00%
BATS Global Markets 1 7.28% 0.01% 99.99% 0.00%




NYSE Market or Regional Exchanges
Non-Directed Orders as a Percentage of Total Customer Orders: 94.77%
Percentage of Non-Directed Customer Orders That Were: Market Limit Other (includes "Not Held")
16.62% 81.54% 1.84%
Routing Information Concerning Significant Venues (5% or more)
Percentage of Orders Routed to Significant Venues Total Non-Directed Orders Non-Directed Market Orders Non-Directed Limit Orders Non-Directed Other Orders
Citadel Securities 2 25.65% 20.56% 77.54% 1.90%
NYSE Arca 3 17.79% 0.01% 99.99% 0.00%
Two Sigma Securities, LLC 2 16.19% 26.05% 71.42% 2.53%
Virtu Financial LLC 2 14.11% 21.74% 74.76% 3.50%
BATS Global Markets 1 14.02% 0.00% 100.00% 0.00%
UBS Securities, LLC. 2 11.87% 34.18% 62.02% 3.80%




NASDAQ OMX Group
Non-Directed Orders as a Percentage of Total Customer Orders: 85.53%
Percentage of Non-Directed Customer Orders That Were: Market Limit Other (includes "Not Held")
31.38% 65.69% 2.93%
Routing Information Concerning Significant Venues (5% or more)
Percentage of Orders Routed to Significant Venues Total Non-Directed Orders Non-Directed Market Orders Non-Directed Limit Orders Non-Directed Other Orders
Virtu Financial LLC 2 19.83% 40.39% 55.28% 4.34%
Citadel Securities 2 18.89% 42.23% 54.01% 3.76%
Two Sigma Securities, LLC 2 17.71% 43.35% 52.73% 3.91%
UBS Securities, LLC. 2 17.38% 44.38% 51.81% 3.82%
NASDAQ OMX Group 3 17.29% 0.05% 99.95% 0.00%
BATS Global Markets 1 8.49% 0.05% 99.95% 0.00%




Options
Non-Directed Orders as a Percentage of Total Customer Orders: 100.00%
Percentage of Non-Directed Customer Orders That Were: Market Limit Other (includes "Not Held")
21.16% 77.21% 1.64%
Routing Information Concerning Significant Venues (5% or more)
Percentage of Orders Routed to Significant Venues Total Non-Directed Orders Non-Directed Market Orders Non-Directed Limit Orders Non-Directed Other Orders
Apex Clearing Corporation 2 80.17% 6.75% 91.38% 1.87%
Convergex Execution Solutions, LLC 2 15.58% 94.18% 4.95% 0.88%




Note regarding the data
ViewTrade Securities, Inc. has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, ViewTrade Securities, Inc has selected the execution venue on behalf of its customers.

You should note that, consistent with the requirements of Rule 606, the statistics above capture only a portion of the Firm's order flow. This report is intended only to provide an overview of the Firm's order routing practices. Accordingly, the data is not a reliable basis upon which to assess whether the Firm or any trading venue to which the Firm routes orders has satisfied its best execution obligation.

Further, while we have taken care in preparing the data presented in this report, the data has not been audited and may contain errors. Any decision about whether to open an account or direct orders to the Firm should not be based solely on the information presented in this report, but on a broader evaluation of the full range of services and products we offer.

Payment for order flow disclosure
ViewTrade Securities (VIEW, and VTDT) routes orders to market centers, including national securities exchanges, alternative trading systems, and electronic communications networks that may offer credits for orders that provide liquidity and may assess fees for orders that take liquidity. In some cases, the credits offered by a market center may exceed the charges assessed, such that a market center may make a payment to ViewTrade Securities in relation to orders directed to such market center. In addition, VIEW and VTDT routes orders to broker dealers who are market makers in securities.

1. ViewTrade receives rebate for adding liquidity and charges for removing liquidity, based on exchange's published rates.
2. ViewTrade Securities receives payment for order flow from this broker, ranging from $0.0005 to $0.003 per share for equity orders; $0.10 to $0.40 per contract for option orders.
3. ViewTrade routes to this exchange via Merrill Lynch and receives a rebate from this exchange of up to $0.0033 per share less a processing fee assessed by Merrill Lynch.