1.3 PERSHING LLC 2026 1 2026-04-28T09:35:22Z 2026 1 100.00 99.95 0.01 0.04 0.00 CITADEL SECURITIES LLC CDRG 25.90 25.90 25.00 20.37 0.00 4858.81 10.0000 9.07 10.0000 27.64 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 13.13 13.13 17.50 10.19 0.00 2428.12 10.0000 3.82 10.0000 7.04 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 0.03 0.03 0.00 0.00 0.00 64.81 10.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 13.98 13.98 32.50 14.81 0.00 2506.47 10.0000 7.33 10.0000 19.57 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. ICRS ICRS 0.81 0.81 0.00 0.00 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.46 4.46 0.00 6.48 0.00 881.58 10.0000 0.00 0.0000 2.23 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 17.82 17.82 12.50 21.30 50.00 3191.48 10.0000 7.77 10.0000 31.19 30.0000 0.20 10.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 10.83 10.83 10.00 8.33 50.00 1957.30 10.0000 2.85 10.0000 17.48 30.0000 0.20 10.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 5.50 5.50 0.00 8.33 0.00 944.10 10.0000 0.00 0.0000 1.94 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. UBS SECURITIES UBSS 7.55 7.55 2.50 10.19 0.00 1342.61 10.0000 1.96 10.0000 1.57 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. 100.00 99.64 0.12 0.24 0.00 CITADEL SECURITIES LLC CDRG 22.65 22.64 24.02 28.01 22.22 7787.42 9.9998 375.63 10.0000 546.35 30.0000 0.40 10.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 16.31 16.31 17.72 15.58 22.22 5614.41 9.9937 256.21 10.0000 232.58 30.0000 0.40 10.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 1.29 1.29 1.18 0.56 0.00 398.23 10.0000 5.44 10.0000 2.65 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 9.97 9.96 14.96 10.58 0.00 3420.27 9.9976 296.68 10.0000 488.10 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. ICRS ICRS 0.64 0.64 0.00 0.00 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.32 4.33 4.33 2.04 0.00 1076.45 9.9174 30.65 10.0000 28.74 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 19.48 19.49 17.32 18.18 44.44 6186.88 9.9990 123.12 10.0000 574.65 30.0000 1.80 10.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 11.69 11.68 11.42 12.62 11.11 3814.41 9.9979 295.89 10.0000 369.59 30.0000 2.22 10.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 6.75 6.76 4.33 5.57 0.00 2023.93 9.9956 167.28 10.0000 77.21 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. UBS SECURITIES UBSS 6.90 6.91 3.54 6.86 0.00 1764.94 9.9916 128.28 10.0000 183.71 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. 100.00 0.41 30.62 65.79 3.18 CITADEL SECURITIES LLC CDRG 33.80 0.00 36.23 33.95 11.63 0.00 0.0000 10859.25 44.6423 5019.10 37.7859 60.80 16.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% DASH FINANCIAL OPTION ATS DASH 10.17 0.00 11.23 10.23 0.00 0.00 0.0000 2733.50 41.4167 1742.05 33.4624 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% DASH FINANCIAL TECH LLC DFIN 2.77 100.00 0.00 0.11 72.09 123.90 9.0703 0.00 0.0000 101.65 33.1107 111.90 16.0315 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% JNOP JNOP 3.33 0.00 3.86 3.26 0.00 0.00 0.0000 1183.05 45.7483 605.40 32.3225 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% GLOBAL EXECUTION BROKERS, LP. SUSQ 28.29 0.00 28.02 29.74 4.65 0.00 0.0000 9665.00 49.0286 4976.35 42.4314 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% WOLVERINE EXECUTION SERV, LLC WEXX 21.63 0.00 20.65 22.71 11.63 0.00 0.0000 5752.60 46.7995 3074.60 37.7622 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% 2026 2 100.00 99.97 0.01 0.02 0.00 CITADEL SECURITIES LLC CDRG 25.77 25.77 17.65 34.48 0.00 4805.33 10.0000 2.18 10.0000 71.86 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 13.01 13.01 17.65 3.45 0.00 2518.41 10.0000 3.78 10.0000 3.96 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 0.02 0.02 0.00 0.00 0.00 2.38 10.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 14.02 14.03 0.00 5.17 0.00 2694.98 10.0000 0.00 0.0000 10.67 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. ICRS ICRS 0.76 0.77 0.00 0.00 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.48 4.47 0.00 10.34 0.00 1048.11 10.0000 0.00 0.0000 16.25 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 17.71 17.71 14.71 12.07 0.00 3543.37 10.0000 9.37 10.0000 8.26 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 10.94 10.94 35.29 15.52 0.00 2305.41 10.0000 45.47 10.0000 32.38 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 5.72 5.72 5.88 13.79 0.00 1199.48 10.0000 0.25 10.0000 1.73 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. UBS SECURITIES UBSS 7.56 7.56 8.82 5.17 0.00 1463.57 10.0000 2.63 10.0000 0.01 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. 100.00 99.54 0.15 0.31 0.00 CITADEL SECURITIES LLC CDRG 22.68 22.65 22.78 30.57 0.00 7811.06 9.9949 315.00 10.0000 435.36 29.4113 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 16.00 15.99 17.72 19.58 0.00 5808.82 9.9552 68.66 10.0000 377.32 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 1.24 1.25 0.95 0.15 0.00 475.06 10.0000 11.80 10.0000 2.15 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 9.72 9.72 10.13 10.69 0.00 3555.92 9.9928 79.35 10.0000 153.61 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. ICRS ICRS 0.74 0.75 0.00 0.00 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.36 4.36 4.11 6.48 0.00 1342.65 9.9737 44.08 10.0000 75.11 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 19.33 19.35 13.92 16.11 0.00 6259.07 9.9970 233.62 10.0000 249.55 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 11.89 11.88 23.10 10.09 0.00 4269.54 9.9797 420.37 10.0000 181.51 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 7.04 7.06 3.80 2.41 0.00 1944.59 9.9709 17.86 10.0000 15.92 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. UBS SECURITIES UBSS 6.99 7.01 3.16 3.92 0.00 2003.92 9.9895 8.15 10.0000 51.14 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. 100.00 1.95 30.03 64.50 3.52 CITADEL SECURITIES LLC CDRG 31.52 31.91 31.22 32.80 10.59 21.20 33.1250 8515.30 43.6884 5749.10 39.9189 22.40 16.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% DASH FINANCIAL OPTION ATS DASH 13.31 12.77 16.57 12.41 2.35 11.40 30.0000 4166.45 38.7253 1808.90 31.2260 288.00 32.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% DASH FINANCIAL TECH LLC DFIN 3.40 34.04 0.00 0.13 75.29 57.60 10.3226 0.00 0.0000 0.00 0.0000 11.50 9.5833 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% JNOP JNOP 5.60 0.00 8.01 4.95 0.00 0.00 0.0000 2096.80 40.5885 718.30 32.1960 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% GLOBAL EXECUTION BROKERS, LP. SUSQ 29.12 14.89 25.55 32.41 7.06 10.05 38.6538 7217.95 44.7375 4399.55 41.4430 310.00 31.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% WOLVERINE EXECUTION SERV, LLC WEXX 17.05 6.38 18.65 17.30 4.71 5.70 30.0000 4682.90 42.6081 2395.70 35.2392 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% 2026 3 100.00 99.97 0.01 0.02 0.00 CITADEL SECURITIES LLC CDRG 26.35 26.36 21.21 23.53 0.00 5712.54 10.0000 4.59 10.0000 9.92 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 13.68 13.67 18.18 19.12 0.00 3072.31 10.0000 5.80 10.0000 18.10 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 0.02 0.02 0.00 0.00 0.00 3.37 10.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 13.45 13.44 18.18 13.24 0.00 2898.19 10.0000 0.71 10.0000 3.94 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. ICRS ICRS 0.57 0.57 0.00 0.00 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.13 4.13 6.06 0.00 0.00 1046.49 10.0000 0.19 10.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 17.96 17.96 15.15 19.12 0.00 3836.29 10.0000 12.28 10.0000 12.11 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 10.39 10.39 9.09 5.88 0.00 2224.46 10.0000 0.63 10.0000 1.05 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 5.74 5.74 0.00 11.76 0.00 1277.34 10.0000 0.00 0.0000 1.86 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. UBS SECURITIES UBSS 7.71 7.71 12.12 7.35 0.00 1593.57 10.0000 1.72 10.0000 1.89 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. 100.00 99.69 0.07 0.24 0.00 CITADEL SECURITIES LLC CDRG 23.26 23.26 26.70 25.25 35.71 10340.36 9.9852 136.52 10.0000 431.93 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 16.86 16.84 20.45 23.09 7.14 7703.99 9.9865 72.69 7.4131 477.94 30.0000 0.48 10.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 1.39 1.40 1.14 0.00 0.00 633.83 10.0000 10.26 10.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 9.04 9.04 8.52 11.13 0.00 4138.00 9.9995 57.32 10.0000 175.95 10.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. ICRS ICRS 0.71 0.71 0.00 0.00 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.09 4.09 2.27 5.15 0.00 1491.72 9.9850 1.66 10.0000 100.58 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 19.39 19.40 16.48 16.28 35.71 8420.86 9.9881 56.39 10.0000 241.84 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 11.22 11.22 12.50 12.13 14.29 4855.49 9.9882 125.90 9.4733 234.53 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 6.98 6.99 5.11 3.49 7.14 2479.70 9.9376 8.98 10.0000 92.01 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. UBS SECURITIES UBSS 7.05 7.06 6.82 3.49 0.00 2473.33 9.9594 23.02 10.0000 54.96 30.0000 0.00 0.0000 Pershing LLC. routes non-directed equity orders to the Over-the-Counter market makers listed in this disclosure. These market makers are not affiliated with Pershing LLC. Pershing LLC receives compensation in the form of $0.001 per executed order for market and marketable limit orders when the execution price is $1 per share or higher, Pershing LLC receives $0.0030 per executed share on non-marketable limit orders. Pershing LLC also routes non-marketable limit orders to NASDAQ and receives $0.00325 or lower per executed share. Pershing LLC sends orders to a hosted room, Intelligent Cross LLC (ICRS). Pershing LLC may receive payment for order flow on a subset of orders routed through Intelligent Cross. Routing decisions for these customer orders are not influenced by any agreement with ICRS. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. Pershing LLC does not receive any compensation for executed shares when the execution price is less than $1 per share. The above compensation does not take into account if the security is part of an equity index such as the S&P 500, or any other such index. It also does not take into account what type of order was originated, e.g. market order, marketable limit order, non-marketable limit order, stop order, stop limit order, or any other order type. Pershing LLC regularly reviews the execution quality provided by all the market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%. 100.00 0.58 33.62 63.03 2.77 CITADEL SECURITIES LLC CDRG 34.50 8.33 35.59 35.05 14.04 4.50 30.0000 8647.25 42.9891 417565.00 39.9660 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% DASH FINANCIAL OPTION ATS DASH 10.66 0.00 11.10 10.84 3.51 0.00 0.0000 2103.75 34.2073 1089.10 34.2808 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% DASH FINANCIAL TECH LLC DFIN 2.33 91.67 0.00 0.00 64.91 203.95 17.2547 0.00 0.0000 0.00 0.0000 67.70 4.4775 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% JNOP JNOP 7.27 0.00 8.07 7.23 0.00 0.00 0.0000 1937.10 40.7639 689.95 31.0928 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% GLOBAL EXECUTION BROKERS, LP. SUSQ 28.39 0.00 27.09 29.98 14.04 0.00 0.0000 7069.15 44.8351 4013.45 45.1254 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00% WOLVERINE EXECUTION SERV, LLC WEXX 16.86 0.00 18.16 16.91 3.51 0.00 0.0000 4221.55 38.7796 1607.35 37.3195 0.00 0.0000 Pershing, LLC routes option orders to unaffiliated broker dealers who are option exchange market makers or have affiliates who are option exchange market makers and who utilize smart order routing and the capability to expose marketable orders (defined as orders that are immediately executable at the time of order receipt) to sub second price improvement auctions. This often results in execution prices that are superior to those in the displayed quotation at the time of order receipt. Pershing, LLC receives compensation for option contract executions for certain underlying securities in the form of cents per option contract as outlined in the disclosure above. Pershing, LLC does not negotiate payment as a condition for sending more or less order flow to a market maker. There is no compensation received by Pershing, LLC for certain index products. Pershing, LLC has no other relationship with these broker dealers or their affiliates with respect to the order routing relationship. Pershing sends Not Held and orders exceeding 999 contracts to our agency option desk. The desk utilizes DASH Financials Order Management System to access the markets. Pershing compensates Dash Financial a flat dollar amount on a monthly basis for the use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Matrix and Wolverine all provide compensation to Pershing as follows: Executed single leg option orders whose underlying securities participate in the penny increment program at a rate of $0.18 per contract. Executed single leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.55 per contract. Executed multi leg option orders whose underlying securities participate in the penny increment program at a rate of $0.32 per contract. Executed multi leg option orders whose underlying securities do not participate in the penny increment program at a rate of $0.65 per contract. Pershing does not receive compensation for index products listed on single exchange. Pershing does not negotiate payment as a condition for sending more or less order flow to a market maker nor does Pershing negotiate a tradeoff between payment and price improvement/execution quality. In connection with Dash's handling of Pershing LLC's orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, pursuant to which Dash routes Pershing LLC's option orders to exchanges and preferences those liquidity providers consistent with exchange sponsored programs which are described in the exchanges fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Pershing LLC's retail option orders, including reciprocal order flow consideration or payment per contract in return for Pershing LLC's retail equity options orders that Dash routes or directs. Orders routed to Pershing's agency desk which are then routed to the market using Dash Financial’s Order Management System do not receive compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each of the option exchange websites. Pershing, LLC regularly reviews option execution quality for executions provided by all of the broker dealers in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and were then either rounded up or rounded down to comply with the regulatory specifications with respect to the data's format. Specifically, the data is required to be displayed out to two places to the right of the decimal point. Therefore, due to this rounding, the percentages for individual rows or columns of data may result in sums that are slightly more or less than 100.00%