Note: Broker-dealers are required to disclose any material arrangements with the venues listed in each section below, including, but not limited to, any internalization or payment for order flow arrangements.
KVX
KOVACK SECURITIES, INC6451 NORTH FEDERAL HIGHWAYSUITE 1201FT LAUDERDALE FL 33308
SEC Rule 606 Quarterly Report for the Quarter Ending December 31, 2016
Securities Listed on New York Stock Exchange
Summary Statistics :
Non-directed orders as percentage of total customer orders 100.00%
Market orders as percentage of total market orders
89.47%
Limit orders as percentage of total limit orders
8.36%
Other orders as percentage of total other orders
2.17%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
|
|
|
|
1. Citadel Securities LLC |
98.34% |
|
2. KCG Americas LLC |
0.70% |
|
3. Knight Direct, LLC |
0.19% |
|
4. BATS BZX Exchange |
0.16% |
|
5. Investors Exchange |
0.12% |
|
6. Morgan Stanley & Co. Incorporated |
0.12% |
|
7. National Financial Services LLC |
0.12% |
|
8. NASDAQ Execution Services, LLC |
0.12% |
|
9. EDGX Exchange, Inc. |
0.05% |
|
10. Kovack Securities, Inc. |
0.02% |
Information Concerning Significant Venues :
1. Citadel Securities LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
99.53% Limit orders as percentage of total limit orders
99.16% Other orders as percentage of total other orders
46.24%
2. KCG Americas LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
0.44% Limit orders as percentage of total limit orders
0.84% Other orders as percentage of total other orders
10.75%
3. Knight Direct, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
0.00% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
8.60%
4. 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
0.00% Other orders as percentage of total other orders
7.53%
5. Investors 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
0.00% Other orders as percentage of total other orders
5.38%
6. Morgan Stanley & Co. Incorporated
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
0.00% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
5.38%
7. National Financial Services LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
0.00% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
5.38%
8. NASDAQ Execution Services, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
0.00% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
5.38%
9. 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
0.00% Other orders as percentage of total other orders
2.15%
10. Kovack Securities, Inc.
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
0.03% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
0.00%
Securities Listed on The Nasdaq Stock Market
Summary Statistics :
Non-directed orders as percentage of total customer orders 100.00%
Market orders as percentage of total market orders
84.94%
Limit orders as percentage of total limit orders
14.06%
Other orders as percentage of total other orders
1.00%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
|
|
|
|
1. Citadel Securities LLC |
40.42% |
|
2. KCG Americas LLC |
40.22% |
|
3. G1 Execution Services, LLC |
4.85% |
|
4. Two Sigma Securities, LLC |
3.20% |
|
5. BATS BZX Exchange |
3.05% |
|
6. EDGX Exchange, Inc. |
2.60% |
|
7. BATS BYX Exchange |
1.30% |
|
8. UBS Securities, LLC |
1.25% |
|
9. National Financial Services LLC |
1.10% |
|
10. NASDAQ Execution Services, LLC |
0.95% |
Information Concerning Significant Venues :
1. Citadel Securities LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
43.40% Limit orders as percentage of total limit orders
21.35% Other orders as percentage of total other orders
55.00%
2. KCG Americas LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
43.11% Limit orders as percentage of total limit orders
22.78% Other orders as percentage of total other orders
40.00%
3. G1 Execution Services, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
5.12% Limit orders as percentage of total limit orders
3.56% Other orders as percentage of total other orders
0.00%
4. Two Sigma Securities, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
3.59% Limit orders as percentage of total limit orders
1.07% Other orders as percentage of total other orders
0.00%
5. 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
21.71% Other orders as percentage of total other orders
0.00%
6. 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
18.51% Other orders as percentage of total other orders
0.00%
7. BATS BYX Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
1.53% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
0.00%
8. UBS Securities, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
0.77% Limit orders as percentage of total limit orders
4.27% Other orders as percentage of total other orders
0.00%
9. National Financial Services LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
1.30% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
0.00%
10. NASDAQ Execution Services, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
0.00% Limit orders as percentage of total limit orders
6.76% Other orders as percentage of total other orders
0.00%
Securities Listed on NYSE MKT or Regional Exchanges
Summary Statistics :
Non-directed orders as percentage of total customer orders 100.00%
Market orders as percentage of total market orders
88.36%
Limit orders as percentage of total limit orders
10.24%
Other orders as percentage of total other orders
1.40%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
|
|
|
|
1. Citadel Securities LLC |
40.96% |
|
2. KCG Americas LLC |
36.71% |
|
3. Jane Street Capital, LLC |
4.87% |
|
4. G1 Execution Services, LLC |
4.48% |
|
5. Two Sigma Securities, LLC |
3.25% |
|
6. BATS BZX Exchange |
1.96% |
|
7. BATS BYX Exchange |
1.79% |
|
8. EDGX Exchange, Inc. |
1.57% |
|
9. Instinet LLC |
1.57% |
|
10. National Financial Services LLC |
0.95% |
Information Concerning Significant Venues :
1. Citadel Securities LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
42.62% Limit orders as percentage of total limit orders
31.15% Other orders as percentage of total other orders
8.00%
2. KCG Americas LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
39.27% Limit orders as percentage of total limit orders
15.85% Other orders as percentage of total other orders
28.00%
3. Jane Street Capital, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
5.00% Limit orders as percentage of total limit orders
1.64% Other orders as percentage of total other orders
20.00%
4. G1 Execution Services, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
3.67% Limit orders as percentage of total limit orders
12.02% Other orders as percentage of total other orders
0.00%
5. Two Sigma Securities, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
3.67% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
0.00%
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
18.58% Other orders as percentage of total other orders
4.00%
7. BATS BYX Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
1.96% Limit orders as percentage of total limit orders
0.55% Other orders as percentage of total other orders
0.00%
8. 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
14.75% Other orders as percentage of total other orders
4.00%
9. Instinet LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
1.65% Limit orders as percentage of total limit orders
1.09% Other orders as percentage of total other orders
0.00%
10. National Financial Services LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
1.01% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
4.00%
Exchange - Listed Options
Summary Statistics :
Non-directed orders as percentage of total customer orders 100.00%
Market orders as percentage of total market orders
52.07%
Limit orders as percentage of total limit orders
43.25%
Other orders as percentage of total other orders
4.68%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
|
|
|
|
1. NASDAQ PHLX Options |
25.62% |
|
2. NYSE Arca Options |
21.21% |
|
3. The Chicago Board Options Exchange |
13.77% |
|
4. BOX Option Exchange |
12.95% |
|
5. The MIAX Options Exchange |
8.54% |
|
6. BZX Options Exchange, Inc. |
4.13% |
|
7. NASDAQ Options Market |
4.13% |
|
8. NYSE Amex Options |
3.86% |
|
9. ISE Gemini Options Exchange |
3.58% |
|
10. C2 Options Exchange |
0.83% |
Information Concerning Significant Venues :
1. NASDAQ PHLX Options
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
35.45% Limit orders as percentage of total limit orders
13.38% Other orders as percentage of total other orders
29.41%
2. NYSE Arca Options
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
0.00% Limit orders as percentage of total limit orders
49.04% Other orders as percentage of total other orders
0.00%
3. The Chicago Board Options Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
13.76% Limit orders as percentage of total limit orders
8.92% Other orders as percentage of total other orders
58.82%
4. BOX Option Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
17.46% Limit orders as percentage of total limit orders
8.28% Other orders as percentage of total other orders
5.88%
5. The MIAX Options Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
13.23% Limit orders as percentage of total limit orders
3.82% Other orders as percentage of total other orders
0.00%
6. BZX Options Exchange, Inc.
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
5.82% Limit orders as percentage of total limit orders
2.55% Other orders as percentage of total other orders
0.00%
7. NASDAQ Options Market
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
1.06% Limit orders as percentage of total limit orders
8.28% Other orders as percentage of total other orders
0.00%
8. NYSE Amex Options
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
6.88% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
5.88%
9. ISE Gemini Options Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
3.70% Limit orders as percentage of total limit orders
3.82% Other orders as percentage of total other orders
0.00%
10. C2 Options Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
1.59% Limit orders as percentage of total limit orders
0.00% Other orders as percentage of total other orders
0.00%