Securities Listed on NYSE Amex or Regional Exchanges Quarter Ending September 30, 2017


Summary Statistics:
  Non-directed orders as percentage of total customer orders 100%
  Market orders as percentage of total market orders 57.07%
  Limit orders as percentage of total limit orders 34.54%
  Other orders as percentage of total other orders 8.39%

Venues Receiving Significant Percentage of Total Non-Directed Orders:
  1. Citadel Securities LLC 33.48%
  2. VIRTU Americas LLC 33.08%
  3. National Financial Services LLC 7.58%
  4. EDGX Exchange, Inc. 5.91%
  5. Two Sigma Securities, LLC 4.57%
  6. BATS BZX Exchange 3.74%
  7. G1 Execution Services, LLC 3.43%
  8. BATS BYX Exchange 1.56%
  9. NYSE Arca 1.52%
  10. Instinet LLC 1.32%

Information Concerning Significant Venues:
 
1. Citadel Securities LLC

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 40.09%
  Limit orders as percentage of total limit orders 15.29%
  Other orders as percentage of total other orders 63.44%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to Citadel Securities LLC
 
2. VIRTU Americas LLC

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 39.23%
  Limit orders as percentage of total limit orders 24.59%
  Other orders as percentage of total other orders 26.15%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to VIRTU Americas LLC
 
3. National Financial Services LLC

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 1.67%
  Limit orders as percentage of total limit orders 18.06%
  Other orders as percentage of total other orders 4.60%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to National Financial Services LLC
 
4. EDGX Exchange, Inc.

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 0.00%
  Limit orders as percentage of total limit orders 16.76%
  Other orders as percentage of total other orders 1.45%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to EDGX Exchange, Inc.
 
5. Two Sigma Securities, LLC

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 7.01%
  Limit orders as percentage of total limit orders 1.29%
  Other orders as percentage of total other orders 1.45%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to Two Sigma Securities, LLC
 
6. BATS BZX Exchange

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 0.00%
  Limit orders as percentage of total limit orders 10.82%
  Other orders as percentage of total other orders 0.00%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to BATS BZX Exchange
 
7. G1 Execution Services, LLC

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 5.06%
  Limit orders as percentage of total limit orders 1.59%
  Other orders as percentage of total other orders 0.00%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to G1 Execution Services, LLC
 
8. BATS BYX Exchange

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 2.31%
  Limit orders as percentage of total limit orders 0.71%
  Other orders as percentage of total other orders 0.00%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to BATS BYX Exchange
 
9. NYSE Arca

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 0.04%
  Limit orders as percentage of total limit orders 4.35%
  Other orders as percentage of total other orders 0.00%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to NYSE Arca
 
10. Instinet LLC

Types of Orders Routed to Venue:
  Market orders as percentage of total market orders 2.06%
  Limit orders as percentage of total limit orders 0.41%
  Other orders as percentage of total other orders 0.00%

Material Aspects of Relationship with Venue:
Siebert receives no compensation for order flow routed to Instinet LLC