<?xml version="1.0" encoding="UTF-8"?>
<heldOrderRoutingPublicReport xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:noNamespaceSchemaLocation="oh-20191231.xsd">
  <version>1.3</version>
  <bd>M. S. Howells &amp; Co.</bd>
  <year>2026</year>
  <qtr>1</qtr>
  <timestamp>2026-04-20T14:48:00Z</timestamp>
  <rMonthly>
    <year>2026</year>
    <mon>01</mon>
    <rSP500>
      <ndoPct>0.00</ndoPct>
      <ndoMarketPct>0.00</ndoMarketPct>
      <ndoMarketableLimitPct>0.00</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.00</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.00</ndoOtherPct>
      <rVenues>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>0.00</ndoPct>
      <ndoMarketPct>0.00</ndoMarketPct>
      <ndoMarketableLimitPct>0.00</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.00</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.00</ndoOtherPct>
      <rVenues>
      </rVenues>
    </rOtherStocks>
    <rOptions>
      <ndoPct>88.32</ndoPct>
      <ndoMarketPct>8.24</ndoMarketPct>
      <ndoMarketableLimitPct>6.08</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>16.51</ndoNonmarketableLimitPct>
      <ndoOtherPct>69.16</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>Pershing LLC</name>
          <orderPct>29.36</orderPct>
          <marketPct>25.50</marketPct>
          <marketableLimitPct>11.41</marketableLimitPct>
          <nonMarketableLimitPct>9.18</nonMarketableLimitPct>
          <otherPct>36.21</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>29.17</orderPct>
          <marketPct>27.72</marketPct>
          <marketableLimitPct>31.53</marketableLimitPct>
          <nonMarketableLimitPct>35.51</nonMarketableLimitPct>
          <otherPct>27.63</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Global Execution Brokers LP</name>
          <orderPct>16.77</orderPct>
          <marketPct>15.96</marketPct>
          <marketableLimitPct>18.32</marketableLimitPct>
          <nonMarketableLimitPct>22.23</nonMarketableLimitPct>
          <otherPct>15.43</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Wolverine Execution Services, LLC</name>
          <orderPct>14.89</orderPct>
          <marketPct>16.19</marketPct>
          <marketableLimitPct>18.92</marketableLimitPct>
          <nonMarketableLimitPct>15.04</nonMarketableLimitPct>
          <otherPct>14.34</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Dash/IMC Financial Markets</name>
          <orderPct>9.28</orderPct>
          <marketPct>13.97</marketPct>
          <marketableLimitPct>17.42</marketableLimitPct>
          <nonMarketableLimitPct>16.04</nonMarketableLimitPct>
          <otherPct>6.39</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Execution Services, LLC</name>
          <orderPct>0.53</orderPct>
          <marketPct>0.67</marketPct>
          <marketableLimitPct>2.40</marketableLimitPct>
          <nonMarketableLimitPct>1.99</nonMarketableLimitPct>
          <otherPct>0.00</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing). MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOptions>
  </rMonthly>
  <rMonthly>
    <year>2026</year>
    <mon>02</mon>
    <rSP500>
      <ndoPct>0.00</ndoPct>
      <ndoMarketPct>0.00</ndoMarketPct>
      <ndoMarketableLimitPct>0.00</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.00</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.00</ndoOtherPct>
      <rVenues>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>0.00</ndoPct>
      <ndoMarketPct>0.00</ndoMarketPct>
      <ndoMarketableLimitPct>0.00</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.00</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.00</ndoOtherPct>
      <rVenues>
      </rVenues>
    </rOtherStocks>
    <rOptions>
      <ndoPct>86.79</ndoPct>
      <ndoMarketPct>9.54</ndoMarketPct>
      <ndoMarketableLimitPct>4.52</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>17.44</ndoNonmarketableLimitPct>
      <ndoOtherPct>68.50</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>27.87</orderPct>
          <marketPct>31.34</marketPct>
          <marketableLimitPct>31.39</marketableLimitPct>
          <nonMarketableLimitPct>29.93</nonMarketableLimitPct>
          <otherPct>26.63</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Global Execution Brokers LP</name>
          <orderPct>21.97</orderPct>
          <marketPct>17.63</marketPct>
          <marketableLimitPct>17.03</marketableLimitPct>
          <nonMarketableLimitPct>18.97</nonMarketableLimitPct>
          <otherPct>23.66</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Pershing LLC</name>
          <orderPct>19.44</orderPct>
          <marketPct>7.72</marketPct>
          <marketableLimitPct>7.54</marketableLimitPct>
          <nonMarketableLimitPct>16.57</nonMarketableLimitPct>
          <otherPct>22.59</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Wolverine Execution Services, LLC</name>
          <orderPct>17.72</orderPct>
          <marketPct>20.85</marketPct>
          <marketableLimitPct>19.46</marketableLimitPct>
          <nonMarketableLimitPct>15.06</nonMarketableLimitPct>
          <otherPct>17.84</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Dash/IMC Financial Markets</name>
          <orderPct>11.01</orderPct>
          <marketPct>16.01</marketPct>
          <marketableLimitPct>18.73</marketableLimitPct>
          <nonMarketableLimitPct>13.11</nonMarketableLimitPct>
          <otherPct>9.27</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Execution Services, LLC</name>
          <orderPct>1.99</orderPct>
          <marketPct>6.45</marketPct>
          <marketableLimitPct>5.84</marketableLimitPct>
          <nonMarketableLimitPct>6.36</nonMarketableLimitPct>
          <otherPct>0.00</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing). MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOptions>
  </rMonthly>
  <rMonthly>
    <year>2026</year>
    <mon>03</mon>
    <rSP500>
      <ndoPct>0.00</ndoPct>
      <ndoMarketPct>0.00</ndoMarketPct>
      <ndoMarketableLimitPct>0.00</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.00</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.00</ndoOtherPct>
      <rVenues>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>0.00</ndoPct>
      <ndoMarketPct>0.00</ndoMarketPct>
      <ndoMarketableLimitPct>0.00</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.00</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.00</ndoOtherPct>
      <rVenues>
      </rVenues>
    </rOtherStocks>
    <rOptions>
      <ndoPct>78.29</ndoPct>
      <ndoMarketPct>26.10</ndoMarketPct>
      <ndoMarketableLimitPct>1.97</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>15.83</ndoNonmarketableLimitPct>
      <ndoOtherPct>56.10</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>29.85</orderPct>
          <marketPct>34.46</marketPct>
          <marketableLimitPct>26.92</marketableLimitPct>
          <nonMarketableLimitPct>30.68</nonMarketableLimitPct>
          <otherPct>27.57</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Pershing LLC</name>
          <orderPct>22.13</orderPct>
          <marketPct>3.84</marketPct>
          <marketableLimitPct>14.96</marketableLimitPct>
          <nonMarketableLimitPct>15.31</nonMarketableLimitPct>
          <otherPct>32.82</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Global Execution Brokers LP</name>
          <orderPct>18.93</orderPct>
          <marketPct>18.47</marketPct>
          <marketableLimitPct>18.38</marketableLimitPct>
          <nonMarketableLimitPct>26.26</nonMarketableLimitPct>
          <otherPct>17.09</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Wolverine Execution Services, LLC</name>
          <orderPct>16.59</orderPct>
          <marketPct>21.12</marketPct>
          <marketableLimitPct>15.38</marketableLimitPct>
          <nonMarketableLimitPct>12.92</nonMarketableLimitPct>
          <otherPct>15.56</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Dash/IMC Financial Markets</name>
          <orderPct>10.19</orderPct>
          <marketPct>16.67</marketPct>
          <marketableLimitPct>14.96</marketableLimitPct>
          <nonMarketableLimitPct>10.37</nonMarketableLimitPct>
          <otherPct>6.96</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing).  MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Execution Services, LLC</name>
          <orderPct>2.31</orderPct>
          <marketPct>5.45</marketPct>
          <marketableLimitPct>9.40</marketableLimitPct>
          <nonMarketableLimitPct>4.47</nonMarketableLimitPct>
          <otherPct>0.00</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>M.S. Howells &amp; Co. (MSH) routes all option orders to our clearing firm, Pershing, LLC (Pershing). MSH does not route to any destinations directly, nor does MSH receive any compensation for directing option order flow to Pershing. Pershing selects the broker-dealer for option execution and may receive compensation for directing such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOptions>
  </rMonthly>
</heldOrderRoutingPublicReport>
