1.3 Lightspeed Financial Services Group LLC 2026 2 2026-07-29T21:05:06Z 2026 04 1.24 11.34 14.47 31.58 41.80 CITADEL SECURITIES LLC 22.27 17.86 18.18 31.73 18.16 5.46 10.0000 7.02 1.5165 49.07 13.7573 7.47 1.4063 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Hudson River Trading (HRT) 18.02 25.89 18.88 20.19 14.29 3.98 10.0000 9.45 6.4589 20.43 9.3753 5.71 4.5967 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Virtu Americas, LLC 15.99 13.39 18.18 20.19 13.08 6.37 10.0000 9.30 4.4932 17.17 14.4935 11.64 7.6834 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. GTS SECURITIES LLC 11.44 20.54 18.18 9.94 7.99 2.86 10.0000 5.65 10.0177 7.02 15.0000 3.77 12.8947 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jane Street Capital 7.49 9.82 9.79 7.05 6.54 0.79 10.0000 4.34 11.9255 11.01 15.0000 5.37 4.5557 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. G1 Execution Services, LLC 2.83 4.46 10.49 0.00 1.94 2.23 10.0000 1.80 10.0000 0.00 0.0000 0.54 10.0000 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Intelligentcross 2.43 0.00 3.50 0.00 4.60 0.00 0.0000 77.11 15.0000 2.49 15.0000 62.27 14.9863 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. The Nasdaq Stock Market LLC 1.82 0.00 0.00 1.28 3.15 0.00 0.0000 -7.23 -27.5248 5.46 6.6226 -11.42 -8.5848 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Canaccord Genuity Securities 1.42 8.04 0.70 0.00 0.97 0.59 10.0000 0.10 10.0000 0.00 0.0000 0.30 10.0000 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. OneChronos Markets LLC 1.11 0.00 0.00 0.32 2.42 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jump Trading 1.01 0.00 1.40 0.64 1.69 0.00 0.0000 2.26 2.2819 0.00 0.0000 3.90 3.1837 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. MEMX LLC 1.01 0.00 0.00 0.64 1.94 0.00 0.0000 -0.10 -3.7255 52.93 32.0185 11.70 8.7136 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. NYSE Arca, Inc. 0.91 0.00 0.00 0.64 1.69 0.00 0.0000 -3.61 -30.0000 0.02 0.5344 -24.71 -26.4962 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. UBS Securities, LLC ATS 0.81 0.00 0.00 0.32 1.45 0.00 0.0000 -0.26 -10.0000 0.00 0.0000 -0.14 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Nasdaq BX, Inc. 0.71 0.00 0.00 0.32 1.21 0.00 0.0000 0.00 0.0000 0.00 0.0000 -1.20 -24.9480 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Instinet, CBX 0.71 0.00 0.00 0.32 1.45 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Virtu MatchIt 0.71 0.00 0.00 0.32 1.45 0.00 0.0000 0.00 0.0000 0.00 0.0000 -0.04 -5.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. 2.68 3.92 13.64 11.95 70.53 MEMX LLC 12.77 0.00 0.55 2.28 17.61 -2.13 -17.5486 -673.87 -17.6974 2403.46 23.7269 3780.46 6.0531 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. CITADEL SECURITIES LLC 7.03 20.25 6.92 15.47 4.89 81.52 9.9633 87.53 1.1708 368.26 12.2846 222.48 1.5485 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Virtu Americas, LLC 6.35 13.92 8.74 11.63 4.57 13.70 8.8035 571.37 6.9598 260.73 12.7067 403.81 8.6683 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. UBS Securities, LLC ATS 4.95 0.00 5.10 2.70 5.58 0.00 0.0000 -149.26 -10.0000 -5.31 -10.0000 -55.75 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. J.P. Morgan Securities LLC 4.44 0.00 4.73 1.97 5.05 0.00 0.0000 -2.21 -10.0000 -0.61 -10.0000 -3.26 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. The Nasdaq Stock Market LLC 4.26 0.32 2.37 6.33 4.50 82.01 6.0688 -2044.29 -22.1437 863.47 23.7179 -241.02 -0.8647 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Hudson River Trading (HRT) 4.22 18.35 6.64 9.97 2.01 71.14 9.1393 113.54 3.3860 192.50 10.1734 119.40 2.4592 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Goldman Sachs & Co. LLC SIGMA X2 4.08 0.00 3.55 1.14 4.89 0.00 0.0000 -26.34 -10.0000 -1.67 -10.0000 -21.80 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Instinct X 3.97 0.00 3.64 1.25 4.71 0.00 0.0000 -19.59 -10.0000 -9.06 -10.0000 -16.67 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. NYSE Arca, Inc. 3.88 0.00 2.18 3.12 4.56 0.00 0.0000 -2869.19 -25.2360 -8.03 -0.8928 -10594.26 -11.2738 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jane Street Capital 3.73 15.51 5.37 3.53 2.80 78.76 9.8746 330.46 8.6853 107.72 14.8143 85.25 5.1634 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Instinet, CBX 3.33 0.00 2.37 2.08 3.91 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. GTS SECURITIES LLC 3.11 21.20 5.91 6.13 1.06 37.11 9.7376 135.44 7.3234 286.60 14.6921 124.79 12.7636 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Investors Exchange (IEXG) 3.06 0.00 3.00 1.14 3.55 0.00 0.0000 -169.88 -16.2321 -3.54 -3.4125 -134.24 -16.7821 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Intelligentcross 2.28 0.00 3.64 0.62 2.43 0.00 0.0000 63.19 4.5558 -7.04 -3.3263 12.89 1.6923 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. MIAX Pearl Equities 2.26 0.00 0.45 0.42 3.04 0.00 0.0000 -403.50 -22.8252 -0.15 -0.8993 -241.05 -1.8641 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jump Trading 2.12 0.00 2.46 0.83 2.39 0.00 0.0000 191.23 4.5726 0.88 1.5247 46.11 0.5471 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Barclays Ats 2.01 0.00 2.27 1.87 2.09 0.00 0.0000 -58.07 -10.0000 -1.50 -10.0000 -19.03 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Level ATS 1.91 0.00 3.46 2.70 1.60 0.00 0.0000 -56.72 -5.0000 -2.71 -5.0000 -30.24 -4.8447 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. OneChronos Markets LLC 1.90 0.00 1.55 3.12 1.86 0.00 0.0000 -7.21 -1.5208 -4.95 -2.3193 -5.71 -2.3685 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Virtu MatchIt 1.86 0.00 2.27 1.97 1.86 0.00 0.0000 -18.50 -5.0000 -0.47 -5.0000 -3.94 -5.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Cboe EDGX Exchange, Inc. 1.76 0.00 0.91 1.56 2.06 0.00 0.0000 -746.00 -25.8756 -19.89 -7.5069 -3520.91 -16.8948 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") may receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Virtu POSIT ATS 1.61 0.00 2.18 1.87 1.55 0.00 0.0000 -5.79 -5.0000 -0.46 -5.0000 -2.23 -5.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. NEW YORK STOCK EXCHANGE, INC. 0.99 0.00 0.73 1.77 0.97 -0.31 -9.0000 -404.15 -28.2159 7.67 2.4223 -363.86 -27.7213 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. BofA Securities, Inc. 0.99 0.00 1.18 1.45 0.93 0.00 0.0000 -12.32 -10.0000 -0.63 -10.0000 -4.53 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Cboe BYX Exchange, Inc. 0.78 0.00 1.00 1.35 0.70 0.00 0.0000 -36.01 -6.1803 -4.27 -13.7822 -16.78 -2.6653 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. CODA MARKETS INC 0.78 0.00 0.73 0.10 0.97 0.00 0.0000 -69.41 -1.4990 0.00 0.0000 -457.59 -4.2002 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. 86.89 9.97 14.13 40.86 35.05 Wolverine Execution Services, LLC 48.80 99.55 82.72 65.28 1.48 25208.24 14.8810 59711.23 27.2703 46235.46 30.3731 1554.72 15.1106 Lightspeed received payment for order flow which averaged $0.24 per contract for the entire quarter. Per the agreement, 100% of rebate/take fees that Lightspeed is credited/charged are passed through to Wolverine Execution Services. Dash/IMC Financial Markets 29.16 0.00 0.00 0.00 83.19 186.82 11.0739 61.06 1.4278 266.53 27.9089 24833.12 26.6765 Per the agreement with this venue, Lightspeed receives 50% of the PFOF attributable to the executed activity. Threre is no incentive to route in certain sizes or tiers. Lightspeed is assesed a fee of $0.05 per executed contract and pays exchange, regulatory and clearing fees. Lightspeed will receive exchange rebates where applicable. In this quarter, Lightspeed received an average of 0.19 per contract. Bank Of America - Merrill Lynch Instinct X Ats 22.04 0.45 17.28 34.72 15.31 0.00 0.0000 -160860.24 -22.4373 59940.66 19.1399 22805.22 38.6641 Lightspeed recieved an average of $0.11 per contract for the entire quarter. Per our agreement, all exchange fees are passed through to Lightspeed. Lightspeed also pays an exeuction commission of $0.12 per contract to Bank of America. If applicable, the rebate on Non-Penny option classes is $0.52 per contract and the rebate on Penny option classes is $0.125 per contract. The rebates will ONLY apply if ML receives payment for order flow pool under an exchange's sponsored payment for order flow program. 2026 05 2.40 10.86 15.08 27.73 46.22 CITADEL SECURITIES LLC 16.58 22.34 13.41 26.46 10.38 4.86 10.0000 10.27 4.3765 64.12 14.8609 3.03 0.5286 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Virtu Americas, LLC 16.29 23.40 14.18 20.83 12.50 3.66 10.0000 55.93 13.8795 44.11 15.0000 14.36 14.3404 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Intelligentcross 15.14 0.00 31.42 0.83 22.12 0.00 0.0000 230.28 15.0000 4.18 15.0000 113.09 15.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Hudson River Trading (HRT) 11.84 17.55 6.90 18.96 7.88 3.14 10.0000 5.38 4.9088 32.73 10.9922 2.24 2.1561 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jane Street Capital 7.97 14.89 9.96 8.54 5.38 7.44 10.0000 33.96 13.9945 21.98 15.0000 6.91 6.1823 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. The Nasdaq Stock Market LLC 6.70 0.00 0.00 5.62 11.12 0.00 0.0000 1.95 32.5000 78.07 21.5254 -19.26 -4.1128 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. GTS SECURITIES LLC 5.95 13.30 11.11 8.33 1.12 7.49 10.0000 10.46 10.0000 21.78 14.9986 1.04 11.6292 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. OneChronos Markets LLC 4.74 0.00 0.00 4.17 7.75 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. MEMX LLC 3.00 0.00 0.00 0.00 6.50 0.00 0.0000 0.00 0.0000 -0.04 -30.0000 59.81 30.1740 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jump Trading 2.20 0.00 2.68 0.42 3.62 0.00 0.0000 11.64 15.0000 0.00 0.0000 5.76 7.8293 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. 12.48 0.75 7.64 13.52 78.09 The Nasdaq Stock Market LLC 13.22 5.42 2.11 19.97 13.22 8.36 0.3184 -229.33 -6.8491 2373.88 26.1624 2877.78 8.1239 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Virtu Americas, LLC 10.97 18.98 10.81 12.28 10.68 23.80 7.1475 1098.38 9.6739 184.92 13.2374 698.67 11.1618 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. CITADEL SECURITIES LLC 9.55 21.69 5.82 11.63 9.44 39.34 8.5307 41.43 1.2257 84.97 9.1310 41.19 0.2167 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. OneChronos Markets LLC 9.51 0.30 3.33 14.87 9.28 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. MEMX LLC 8.87 0.00 0.24 0.64 11.23 0.00 0.0000 -81.81 -15.1355 235.69 7.7990 3705.10 9.3132 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Hudson River Trading (HRT) 7.20 19.58 5.61 11.34 6.51 43.93 9.2133 76.98 1.8557 101.01 5.7554 32.99 0.6263 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. BIDS TRADING L.P. 3.78 0.00 3.18 14.90 1.95 0.00 0.0000 -0.15 -0.0226 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jane Street Capital 3.74 11.45 8.05 0.74 3.76 13.93 8.2521 389.94 9.1876 27.31 11.9221 240.22 3.9409 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jump Trading 3.60 0.00 6.39 0.27 3.94 0.00 0.0000 286.76 8.0299 1.23 4.1926 156.46 0.8247 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Intelligentcross 3.20 0.00 12.45 0.65 2.76 0.00 0.0000 202.27 12.4906 -9.85 -6.2632 54.50 6.2629 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. NYSE Arca, Inc. 3.19 0.00 0.89 3.56 3.38 0.00 0.0000 -271.25 -15.1846 504.96 19.0289 -4939.92 -12.2421 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Instinet, CBX 2.98 0.60 1.13 0.64 3.59 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. MIAX Pearl Equities 2.20 0.00 0.27 0.08 2.77 0.00 0.0000 -86.22 -15.3370 0.23 1.8903 425.35 1.6719 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Goldman Sachs & Co. LLC SIGMA X2 1.69 0.00 2.94 0.34 1.82 0.00 0.0000 -6.14 -10.0000 -0.14 -10.0000 -11.18 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. CODA MARKETS INC 1.62 0.00 1.90 0.03 1.89 0.00 0.0000 -204.07 -2.5111 0.47 0.8511 -905.94 -4.0224 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Instinct X 1.62 0.00 2.67 0.32 1.76 0.00 0.0000 -3.69 -10.0000 -0.50 -10.0000 -7.98 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. J.P. Morgan Securities LLC 1.53 0.00 3.27 0.37 1.57 0.00 0.0000 -0.49 -10.0000 0.00 0.0000 -1.44 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. UBS Securities, LLC ATS 1.44 0.00 2.50 0.34 1.54 0.00 0.0000 -12.05 -10.0000 -1.10 -10.0000 -18.92 -10.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Cboe EDGX Exchange, Inc. 1.35 0.30 0.18 1.68 1.41 -1.32 -6.9835 -49.02 -16.2455 167.21 12.6822 -1827.58 -15.7606 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") may receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. 86.11 10.20 15.56 40.04 34.20 Wolverine Execution Services, LLC 51.39 98.79 82.63 70.25 0.95 20516.18 14.9261 94335.25 37.3315 58905.64 36.6860 1644.34 18.6413 Lightspeed received payment for order flow which averaged $0.24 per contract for the entire quarter. Per the agreement, 100% of rebate/take fees that Lightspeed is credited/charged are passed through to Wolverine Execution Services. Dash/IMC Financial Markets 30.94 0.00 0.00 0.01 90.48 176.00 12.0966 183.96 8.9823 326.97 26.1574 29270.80 28.5354 Per the agreement with this venue, Lightspeed receives 50% of the PFOF attributable to the executed activity. Threre is no incentive to route in certain sizes or tiers. Lightspeed is assesed a fee of $0.05 per executed contract and pays exchange, regulatory and clearing fees. Lightspeed will receive exchange rebates where applicable. In this quarter, Lightspeed received an average of 0.19 per contract. Bank Of America - Merrill Lynch Instinct X Ats 17.67 1.21 17.37 29.74 8.58 5.50 25.0000 -83005.60 -15.7900 101018.40 26.8046 4176.00 15.6827 Lightspeed recieved an average of $0.11 per contract for the entire quarter. Per our agreement, all exchange fees are passed through to Lightspeed. Lightspeed also pays an exeuction commission of $0.12 per contract to Bank of America. If applicable, the rebate on Non-Penny option classes is $0.52 per contract and the rebate on Penny option classes is $0.125 per contract. The rebates will ONLY apply if ML receives payment for order flow pool under an exchange's sponsored payment for order flow program. 2026 06 5.86 10.96 6.53 18.03 64.51 Intelligentcross 16.13 0.00 41.67 0.96 20.51 0.00 0.0000 223.18 14.7829 5.32 15.0000 122.50 14.9282 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Virtu Americas, LLC 14.84 20.54 8.33 20.16 13.04 30.62 10.0000 39.02 14.8252 75.36 14.9462 45.54 14.7841 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. CITADEL SECURITIES LLC 13.75 21.44 7.58 21.12 11.00 24.71 10.0000 2.76 3.3219 43.96 14.0379 3.44 0.2587 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. The Nasdaq Stock Market LLC 11.58 0.00 0.00 11.25 14.76 0.00 0.0000 0.32 32.5000 148.31 29.4909 46.64 16.8114 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Hudson River Trading (HRT) 10.96 14.22 6.82 16.05 9.39 19.14 10.0000 2.51 3.9042 31.59 10.4089 1.90 1.9009 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. OneChronos Markets LLC 8.85 0.00 0.00 9.05 11.20 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jane Street Capital 6.51 18.28 15.15 4.12 4.29 18.98 10.0000 33.13 14.0690 19.25 15.0000 10.88 4.7532 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. GTS SECURITIES LLC 3.59 16.25 6.82 5.35 0.61 23.11 10.0000 3.64 10.0000 16.97 14.9564 1.99 12.4128 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. BIDS TRADING L.P. 2.30 0.00 0.76 9.05 0.92 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 MEMX LLC 2.25 0.00 0.00 0.00 3.49 0.00 0.0000 0.00 0.0000 0.00 0.0000 44.02 33.2288 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. 17.01 0.91 5.82 18.85 74.40 The Nasdaq Stock Market LLC 15.99 6.21 1.33 21.13 15.95 161.18 3.1825 84.03 2.2323 2648.18 25.5459 2063.36 5.3368 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Virtu Americas, LLC 12.74 17.17 14.32 12.99 12.50 80.67 9.5163 1904.43 10.4000 285.76 13.5525 942.34 11.9903 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. OneChronos Markets LLC 12.42 0.12 2.47 17.44 12.08 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. CITADEL SECURITIES LLC 11.80 21.80 6.42 12.67 11.88 97.44 8.9443 85.64 1.7247 124.62 8.7030 37.30 0.0808 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Hudson River Trading (HRT) 9.40 10.96 5.96 12.99 8.75 46.36 7.9031 72.06 1.2846 100.16 2.5870 53.77 0.6790 Lightspeed routes non-directed orders from its platform to Apex Clearing Corporation ("Apex") who receives payment for order flow as detailed in their report. Lightspeed receives a portion of that payment (50%) from Apex. Payment varies based upon several factors including, but not limited to, whether an order is marketable at the time of the order entry, the underlying price of the security, and any special handling instructions. These payments were not contingent upon volume based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding thresholds, or disincentives for not meeting order flow thresholds. MEMX LLC 8.13 0.12 0.25 0.47 10.79 0.00 0.0000 -51.31 -15.8192 274.08 7.5056 6025.45 15.1856 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. BIDS TRADING L.P. 5.37 0.00 3.57 17.44 2.52 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jane Street Capital 3.38 18.15 9.87 0.35 3.46 82.01 9.6265 510.19 10.3012 79.73 10.5184 265.17 4.6140 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Jump Trading 3.33 0.00 9.25 0.18 3.71 0.00 0.0000 587.18 9.7644 10.35 11.4149 199.06 0.6884 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Intelligentcross 2.61 0.00 16.63 0.22 2.15 0.00 0.0000 335.25 13.5505 0.18 15.0000 108.72 10.1402 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. NYSE Arca, Inc. 2.59 0.00 0.57 1.65 3.02 0.00 0.0000 -176.13 -18.8440 183.30 15.1208 -4561.08 -10.1719 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. Instinet, CBX 2.12 2.80 2.07 0.51 2.52 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. MIAX Pearl Equities 1.80 0.00 0.23 0.08 2.38 0.00 0.0000 -13.51 -5.8690 13.78 8.1423 129.32 0.7827 Lightspeed routes non-directed orders from its platform to Instinet, LLC ("Instinet") who receives payment for order flow as detailed in their report. These payments may be in the form of rebates or other payments for liquidity-providing or liquidity-taking orders, and such payments may be a factor in Instinet’s order-routing determinations. Instinet routes client orders for execution to other market centers based on other various factors such as price improvement opportunities, market response time, order size, liquidity enhancement opportunities, trading characteristics, accessibility to quotation data and accurate information and execution rates. Further details on Instinet’s routing practices can be found on the Instinet website or upon request to Lightspeed. Lightspeed does not receive any payment for order flow from Instinet. 85.98 15.94 16.60 41.31 26.15 Wolverine Execution Services, LLC 57.46 97.35 85.43 66.29 1.42 25665.28 13.2712 91757.17 30.5192 59712.45 34.2362 1839.82 16.6003 Lightspeed received payment for order flow which averaged $0.24 per contract for the entire quarter. Per the agreement, 100% of rebate/take fees that Lightspeed is credited/charged are passed through to Wolverine Execution Services. Dash/IMC Financial Markets 23.62 0.00 0.00 0.01 90.35 123.23 17.6046 -85.71 -20.2152 269.66 58.2414 29887.22 31.6046 Per the agreement with this venue, Lightspeed receives 50% of the PFOF attributable to the executed activity. Threre is no incentive to route in certain sizes or tiers. Lightspeed is assesed a fee of $0.05 per executed contract and pays exchange, regulatory and clearing fees. Lightspeed will receive exchange rebates where applicable. In this quarter, Lightspeed received an average of 0.19 per contract. Bank Of America - Merrill Lynch Instinct X Ats 18.92 2.65 14.57 33.70 8.23 0.00 0.0000 -93868.88 -16.9140 93101.96 28.2914 3716.11 32.2327 Lightspeed recieved an average of $0.11 per contract for the entire quarter. Per our agreement, all exchange fees are passed through to Lightspeed. Lightspeed also pays an exeuction commission of $0.12 per contract to Bank of America. If applicable, the rebate on Non-Penny option classes is $0.52 per contract and the rebate on Penny option classes is $0.125 per contract. The rebates will ONLY apply if ML receives payment for order flow pool under an exchange's sponsored payment for order flow program.