1.3 PERSHING LLC 2026 2 2026-07-22T11:15:33Z 2026 4 100.00 99.96 0.00 0.04 0.00 CITADEL SECURITIES LLC CDRG 25.64 25.64 26.92 21.10 0.00 5173.60 10.0000 9.25 10.0000 23.00 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 13.64 13.64 19.23 14.68 0.00 2759.18 10.0000 6.02 10.0000 16.11 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 0.03 0.03 0.00 0.00 0.00 9.75 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 14.03 14.03 7.69 13.76 0.00 2814.51 10.0000 0.19 10.0000 15.10 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. ICRS ICRS 0.67 0.67 0.00 0.00 0.00 155.17 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.31 4.32 0.00 0.92 0.00 938.68 10.0000 0.00 0.0000 0.90 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 17.86 17.86 19.23 21.10 100.00 3706.51 10.0000 2.92 10.0000 24.70 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 10.90 10.90 11.54 11.93 0.00 2257.47 10.0000 2.72 10.0000 22.73 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 5.55 5.55 15.38 3.67 0.00 1217.38 10.0000 1.60 10.0000 15.46 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. UBS SECURITIES UBSS 7.37 7.37 0.00 12.84 0.00 1423.45 10.0000 0.00 0.0000 7.58 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. 100.00 99.59 0.11 0.30 0.00 CITADEL SECURITIES LLC CDRG 22.69 22.68 23.67 24.96 0.00 8543.45 9.9786 256.06 10.0000 523.53 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 16.79 16.78 19.18 18.44 0.00 6341.44 9.9868 130.11 8.3658 332.99 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 1.27 1.28 0.00 0.43 0.00 498.11 10.0000 0.00 0.0000 2.10 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 9.59 9.59 5.31 9.79 0.00 4083.58 9.9971 35.98 10.0000 165.66 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. ICRS ICRS 0.73 0.73 0.00 0.00 0.00 137.93 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.20 4.20 3.67 5.25 0.00 1354.19 9.9438 14.05 10.0000 200.34 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 19.38 19.37 19.18 20.71 0.00 6875.37 9.9440 313.41 10.0000 563.51 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 11.82 11.82 11.43 11.35 0.00 4267.30 9.9827 95.95 10.0000 316.37 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 6.77 6.77 10.61 4.96 0.00 2015.19 9.9952 86.12 10.0000 305.01 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. UBS SECURITIES UBSS 6.77 6.78 6.94 4.11 0.00 1975.37 9.9767 65.36 10.0000 158.54 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. 100.00 0.20 53.29 42.61 3.90 CITADEL SECURITIES LLC CDRG 34.37 0.00 36.37 33.02 23.53 0.00 0.0000 21396.35 44.6800 4679.20 41.8758 3767.50 62.2727 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. DASH FINANCIAL OPTION ATS DASH 11.46 14.29 11.37 12.20 4.41 0.00 0.0000 5924.35 37.8384 1439.20 39.4409 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. DASH FINANCIAL TECH LLC DFIN 1.61 71.43 0.00 0.07 36.76 0.00 0.0000 12.85 5.3320 37.10 6.3600 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. JNOP JNOP 5.05 0.00 5.50 4.99 0.00 0.00 0.0000 3492.45 35.6955 750.70 31.0335 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. GLOBAL EXECUTION BROKERS, LP. SUSQ 29.86 14.29 29.47 31.40 19.12 12.65 55.0000 18855.65 47.3748 4307.55 46.1144 4420.00 65.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. WOLVERINE EXECUTION SERV, LLC WEXX 17.66 0.00 17.30 18.33 16.18 0.00 0.0000 9125.70 43.1394 2532.90 41.2659 3835.00 65.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. 2026 5 100.00 99.95 0.01 0.04 0.00 CITADEL SECURITIES LLC CDRG 25.87 25.87 43.24 20.18 0.00 5231.32 10.0000 9.24 10.0000 17.59 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 13.64 13.64 10.81 13.76 0.00 2803.69 10.0000 1.54 10.0000 6.35 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 0.03 0.03 0.00 0.00 0.00 6.69 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 13.91 13.91 8.11 11.01 0.00 2486.63 10.0000 0.68 10.0000 5.16 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. ICRS ICRS 0.68 0.69 0.00 0.00 0.00 158.42 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.33 4.33 2.70 5.50 0.00 992.61 10.0000 0.25 10.0000 7.23 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 17.83 17.83 10.81 23.85 0.00 3529.29 10.0000 0.80 10.0000 26.42 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 10.80 10.80 13.51 17.43 0.00 2996.57 10.0000 4.02 10.0000 51.00 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 5.54 5.54 2.70 4.59 0.00 1106.58 10.0000 0.60 10.0000 9.57 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. UBS SECURITIES UBSS 7.36 7.36 8.11 3.67 0.00 1343.96 10.0000 0.98 10.0000 0.81 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. 100.00 99.62 0.09 0.29 0.00 CITADEL SECURITIES LLC CDRG 23.12 23.10 24.86 30.22 100.00 8233.09 9.9556 155.75 10.0000 706.73 30.0000 46.69 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 16.39 16.38 22.10 18.35 0.00 5834.67 9.9860 199.74 10.0000 467.11 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 1.31 1.31 1.10 0.79 0.00 470.69 10.0000 43.82 10.0000 17.55 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 9.51 9.50 11.05 12.18 0.00 3689.24 9.9998 79.09 10.0000 272.06 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. ICRS ICRS 0.84 0.85 0.00 0.00 0.00 163.56 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.17 4.16 3.87 5.06 0.00 1284.24 9.9962 28.59 10.0000 144.17 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 19.25 19.27 13.81 13.92 0.00 6598.61 9.9628 139.20 10.0000 341.10 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 11.75 11.76 11.60 10.92 0.00 3783.51 9.9750 158.41 10.0000 206.23 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 6.82 6.82 7.73 4.59 0.00 1926.62 9.9947 83.18 10.0000 66.83 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. UBS SECURITIES UBSS 6.84 6.85 3.87 3.96 0.00 1844.71 9.9599 13.15 10.0000 235.02 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. 100.00 0.16 53.31 45.29 1.24 CITADEL SECURITIES LLC CDRG 34.73 14.29 35.28 34.81 11.11 5.50 55.0000 23747.95 44.6650 6218.60 41.7300 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. DASH FINANCIAL OPTION ATS DASH 11.32 14.29 11.41 11.09 14.81 0.00 0.0000 7320.00 40.5091 1715.45 37.3010 74.10 65.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. DASH FINANCIAL TECH LLC DFIN 0.69 57.14 0.00 0.10 44.44 0.00 0.0000 35.00 8.1770 74.90 9.0350 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. JNOP JNOP 6.52 0.00 6.23 7.07 0.00 0.00 0.0000 4379.00 38.3954 909.50 32.0250 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. GLOBAL EXECUTION BROKERS, LP. SUSQ 30.05 14.29 29.40 31.09 22.22 33.30 30.0000 19801.10 46.8255 6208.35 44.6580 110.50 36.5894 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. WOLVERINE EXECUTION SERV, LLC WEXX 16.69 0.00 17.68 15.83 7.41 0.00 0.0000 11215.85 43.2427 2651.90 38.1950 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. 2026 6 100.00 99.95 0.01 0.04 0.00 CITADEL SECURITIES LLC CDRG 25.91 25.91 16.67 17.21 0.00 6220.13 10.0000 22.48 10.0000 15.89 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 14.73 14.73 19.05 20.49 0.00 3631.15 10.0000 8.43 10.0000 14.27 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 0.02 0.02 0.00 0.00 0.00 5.27 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 13.61 13.61 9.52 10.66 0.00 3085.14 10.0000 1.40 10.0000 10.64 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. ICRS ICRS 0.50 0.50 0.00 0.00 0.00 101.77 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.42 4.42 4.76 4.92 0.00 1268.78 10.0000 0.05 10.0000 8.01 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 17.75 17.75 16.67 22.13 0.00 4188.37 10.0000 11.81 10.0000 42.01 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 11.02 11.02 19.05 9.02 0.00 2699.17 10.0000 5.45 10.0000 9.35 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 5.60 5.60 7.14 11.48 0.00 1321.28 10.0000 0.67 10.0000 43.43 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. UBS SECURITIES UBSS 6.44 6.44 7.14 4.10 0.00 1474.43 10.0000 1.16 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. 100.00 99.76 0.06 0.18 0.00 CITADEL SECURITIES LLC CDRG 23.08 23.07 22.22 27.27 0.00 8852.07 9.9754 68.76 10.0000 629.33 28.0311 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. G1 EXECUTION SERVICES, LLC ETMM 17.17 17.16 14.58 22.29 0.00 6705.11 9.9765 118.52 10.0000 540.12 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. GTS SECURITIES LLC. GTSM 1.35 1.35 3.47 0.22 0.00 604.06 10.0000 15.57 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. HRT FINANCIAL LP HRTF 9.11 9.12 9.72 8.23 0.00 3942.01 9.9477 207.09 10.0000 224.34 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. ICRS ICRS 0.57 0.58 0.00 0.00 0.00 123.68 9.9372 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. STONEX FINANCIAL INC. INTL 4.14 4.14 3.47 4.76 0.00 1400.34 9.9567 11.09 10.0000 174.94 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. JANE STREET CAPITAL, LLC JNST 19.50 19.51 19.44 17.53 0.00 7236.50 9.9558 88.94 10.0000 382.78 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. VIRTU AMERICAS LLC NITE 12.07 12.08 9.72 9.09 0.00 4619.33 9.9102 95.57 10.0000 159.27 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. TWO SIGMA SECURITIES SOHO 7.03 7.03 8.33 6.28 0.00 2124.05 9.9747 28.12 10.0000 147.76 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. UBS SECURITIES UBSS 5.97 5.97 9.03 4.33 0.00 1973.54 9.9220 118.35 10.0000 50.61 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 of $0.001 per executed order for market and marketable limit orders when the execution price is $1.00 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 less per executed share. Pershing LLC sends orders to a hosted room operated by 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 $1.00 per share. The above compensation does not take into account whether the security is part of an equity index such as the S&P 500 or any similar index. It also does not take into account the type of order originated, such as a 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 market makers listed in this disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. 100.00 0.14 46.69 51.51 1.66 CITADEL SECURITIES LLC CDRG 32.41 0.00 35.18 30.77 8.33 0.00 0.0000 17625.30 43.6746 6737.25 42.0883 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. DASH FINANCIAL OPTION ATS DASH 12.11 0.00 11.46 13.12 0.00 0.00 0.0000 4429.55 36.6806 2157.50 36.4751 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. DASH FINANCIAL TECH LLC DFIN 1.71 100.00 0.00 0.09 91.67 0.00 0.0000 20.10 6.4420 321.30 39.1300 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. JNOP JNOP 7.31 0.00 6.37 8.42 0.00 0.00 0.0000 3272.20 35.4173 1341.70 31.0291 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. GLOBAL EXECUTION BROKERS, LP. SUSQ 27.89 0.00 30.19 26.78 0.00 0.00 0.0000 15525.15 45.9080 5571.60 43.5928 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%. WOLVERINE EXECUTION SERV, LLC WEXX 18.57 0.00 16.80 20.82 0.00 0.00 0.0000 8488.80 42.6016 3412.10 39.9450 0.00 0.0000 Pershing LLC routes option orders to unaffiliated broker-dealers that are option exchange market makers or that have affiliates that are option exchange market makers. These broker-dealers utilize smart order routing and have 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 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. Pershing LLC does not receive compensation for certain index products. Pershing LLC has no other relationship with these broker-dealers or their affiliates with respect to order routing. Pershing LLC sends Not Held orders and orders exceeding 999 contracts to its agency options desk. The desk utilizes Dash Financial’s order management system to access the markets. Pershing LLC compensates Dash Financial a flat dollar amount on a monthly basis for use of the OMS. Citadel, Dash Financial Option ATS, Global Execution Brokers, Jane Street, and Wolverine provide compensation to Pershing as follows: • Executed single-leg option orders whose underlying securities participate in the penny increment program: $0.30 per contract. • Executed single-leg option orders whose underlying securities do not participate in the penny increment program: $0.55 per contract. • Executed multi-leg option orders whose underlying securities participate in the penny increment program: $0.32 per contract. • Executed multi-leg option orders whose underlying securities do not participate in the penny increment program: $0.65 per contract. Pershing LLC does not receive compensation for index products listed on a single exchange. Pershing LLC does not negotiate payment as a condition for sending more or less order flow to a market maker, nor does it negotiate a tradeoff between payment and price improvement or execution quality. In connection with Dash’s handling of Pershing LLC’s orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, pursuant to which Dash routes Pershing LLC’s option orders to exchanges and gives preference to those liquidity providers consistent with exchange-sponsored programs described in the fee schedules of the options exchanges. 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 and then routed to the market using Dash Financial’s order management system do not generate compensation from Dash Financial. However, Dash Financial passes through exchange rebates and access fees as described on each options exchange website. Pershing LLC regularly reviews option execution quality for executions provided by all broker-dealers listed in the above disclosure. The percentages shown above were calculated by determining the percentage of orders applicable to each category and then rounding up or down to comply with the regulatory specifications for data format. Specifically, the data is required to be displayed to two decimal places. Therefore, due to this rounding, the percentages for individual rows or columns may sum to slightly more or less than 100.00%.