<?xml version="1.0" encoding="UTF-8"?>
<heldOrderRoutingPublicReport xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:noNamespaceSchemaLocation="oh-20191231.xsd">
  <version>1.3</version>
  <bd>Robert W. Baird &amp; Co., Inc.</bd>
  <year>2026</year>
  <qtr>1</qtr>
  <timestamp>2026-04-09T04:29:12Z</timestamp>
  <rMonthly>
    <year>2026</year>
    <mon>01</mon>
    <rSP500>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>93.92</ndoMarketPct>
      <ndoMarketableLimitPct>0.20</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.75</ndoNonmarketableLimitPct>
      <ndoOtherPct>5.13</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>47.23</orderPct>
          <marketPct>49.62</marketPct>
          <marketableLimitPct>36.52</marketableLimitPct>
          <nonMarketableLimitPct>41.85</nonMarketableLimitPct>
          <otherPct>4.68</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Two Sigma Securities, LLC</name>
          <orderPct>18.41</orderPct>
          <marketPct>19.34</marketPct>
          <marketableLimitPct>14.54</marketableLimitPct>
          <nonMarketableLimitPct>17.80</nonMarketableLimitPct>
          <otherPct>1.47</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Two Sigma on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Virtu Americas, LLC</name>
          <orderPct>12.72</orderPct>
          <marketPct>13.24</marketPct>
          <marketableLimitPct>14.18</marketableLimitPct>
          <nonMarketableLimitPct>13.51</nonMarketableLimitPct>
          <otherPct>3.06</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Virtu on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Capital</name>
          <orderPct>8.84</orderPct>
          <marketPct>9.24</marketPct>
          <marketableLimitPct>12.06</marketableLimitPct>
          <nonMarketableLimitPct>13.89</nonMarketableLimitPct>
          <otherPct>0.63</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Jane Street Capital on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Clearpool Execution Services, LLC</name>
          <orderPct>8.04</orderPct>
          <marketPct>3.63</marketPct>
          <marketableLimitPct>17.38</marketableLimitPct>
          <nonMarketableLimitPct>5.13</nonMarketableLimitPct>
          <otherPct>88.78</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Clearpool on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>94.39</ndoMarketPct>
      <ndoMarketableLimitPct>0.69</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>1.54</ndoNonmarketableLimitPct>
      <ndoOtherPct>3.38</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>45.39</orderPct>
          <marketPct>47.14</marketPct>
          <marketableLimitPct>37.45</marketableLimitPct>
          <nonMarketableLimitPct>34.97</nonMarketableLimitPct>
          <otherPct>2.92</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Two Sigma Securities, LLC</name>
          <orderPct>17.17</orderPct>
          <marketPct>17.90</marketPct>
          <marketableLimitPct>8.19</marketableLimitPct>
          <nonMarketableLimitPct>11.88</nonMarketableLimitPct>
          <otherPct>1.05</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Two Sigma on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Virtu Americas, LLC</name>
          <orderPct>14.74</orderPct>
          <marketPct>14.66</marketPct>
          <marketableLimitPct>22.95</marketableLimitPct>
          <nonMarketableLimitPct>19.09</nonMarketableLimitPct>
          <otherPct>13.43</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Virtu on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Capital</name>
          <orderPct>14.67</orderPct>
          <marketPct>14.85</marketPct>
          <marketableLimitPct>26.71</marketableLimitPct>
          <nonMarketableLimitPct>24.91</nonMarketableLimitPct>
          <otherPct>2.42</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Jane Street Capital on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Canaccord Genuity Securities</name>
          <orderPct>5.10</orderPct>
          <marketPct>5.27</marketPct>
          <marketableLimitPct>4.30</marketableLimitPct>
          <nonMarketableLimitPct>5.27</nonMarketableLimitPct>
          <otherPct>0.41</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Canaccord Genuity Securities on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOtherStocks>
    <rOptions>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>30.42</ndoMarketPct>
      <ndoMarketableLimitPct>11.45</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>57.27</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.86</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>Citadel Execution Services</name>
          <orderPct>70.62</orderPct>
          <marketPct>70.91</marketPct>
          <marketableLimitPct>72.77</marketableLimitPct>
          <nonMarketableLimitPct>70.04</nonMarketableLimitPct>
          <otherPct>69.77</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel Execution Services on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Matrix Capital Group, Inc.</name>
          <orderPct>29.38</orderPct>
          <marketPct>29.09</marketPct>
          <marketableLimitPct>27.23</marketableLimitPct>
          <nonMarketableLimitPct>29.96</nonMarketableLimitPct>
          <otherPct>30.23</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Matrix Capital Group, Inc. on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOptions>
  </rMonthly>
  <rMonthly>
    <year>2026</year>
    <mon>02</mon>
    <rSP500>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>93.05</ndoMarketPct>
      <ndoMarketableLimitPct>0.24</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>1.06</ndoNonmarketableLimitPct>
      <ndoOtherPct>5.65</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>45.45</orderPct>
          <marketPct>48.14</marketPct>
          <marketableLimitPct>39.80</marketableLimitPct>
          <nonMarketableLimitPct>43.60</nonMarketableLimitPct>
          <otherPct>1.78</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Two Sigma Securities, LLC</name>
          <orderPct>18.58</orderPct>
          <marketPct>19.71</marketPct>
          <marketableLimitPct>13.27</marketableLimitPct>
          <nonMarketableLimitPct>17.41</nonMarketableLimitPct>
          <otherPct>0.51</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Two Sigma on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Virtu Americas, LLC</name>
          <orderPct>12.68</orderPct>
          <marketPct>13.26</marketPct>
          <marketableLimitPct>13.95</marketableLimitPct>
          <nonMarketableLimitPct>13.63</nonMarketableLimitPct>
          <otherPct>2.93</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Virtu on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Capital</name>
          <orderPct>9.71</orderPct>
          <marketPct>10.23</marketPct>
          <marketableLimitPct>15.99</marketableLimitPct>
          <nonMarketableLimitPct>12.57</nonMarketableLimitPct>
          <otherPct>0.37</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Jane Street Capital on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Clearpool Execution Services, LLC</name>
          <orderPct>8.85</orderPct>
          <marketPct>3.89</marketPct>
          <marketableLimitPct>10.20</marketableLimitPct>
          <nonMarketableLimitPct>4.47</nonMarketableLimitPct>
          <otherPct>91.40</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Clearpool on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>94.18</ndoMarketPct>
      <ndoMarketableLimitPct>0.61</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>1.48</ndoNonmarketableLimitPct>
      <ndoOtherPct>3.73</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>43.13</orderPct>
          <marketPct>44.95</marketPct>
          <marketableLimitPct>29.33</marketableLimitPct>
          <nonMarketableLimitPct>35.30</nonMarketableLimitPct>
          <otherPct>2.65</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Two Sigma Securities, LLC</name>
          <orderPct>17.21</orderPct>
          <marketPct>18.00</marketPct>
          <marketableLimitPct>7.80</marketableLimitPct>
          <nonMarketableLimitPct>11.75</nonMarketableLimitPct>
          <otherPct>1.04</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Two Sigma on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Capital</name>
          <orderPct>15.29</orderPct>
          <marketPct>15.62</marketPct>
          <marketableLimitPct>29.02</marketableLimitPct>
          <nonMarketableLimitPct>21.05</nonMarketableLimitPct>
          <otherPct>2.32</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Jane Street Capital on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Virtu Americas, LLC</name>
          <orderPct>14.53</orderPct>
          <marketPct>14.64</marketPct>
          <marketableLimitPct>25.43</marketableLimitPct>
          <nonMarketableLimitPct>19.83</nonMarketableLimitPct>
          <otherPct>7.92</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Virtu on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Canaccord Genuity Securities</name>
          <orderPct>5.09</orderPct>
          <marketPct>5.29</marketPct>
          <marketableLimitPct>3.43</marketableLimitPct>
          <nonMarketableLimitPct>4.81</nonMarketableLimitPct>
          <otherPct>0.54</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Canaccord Genuity Securities on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOtherStocks>
    <rOptions>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>29.56</ndoMarketPct>
      <ndoMarketableLimitPct>10.60</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>59.01</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.84</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>Citadel Execution Services</name>
          <orderPct>69.67</orderPct>
          <marketPct>70.15</marketPct>
          <marketableLimitPct>71.33</marketableLimitPct>
          <nonMarketableLimitPct>69.19</nonMarketableLimitPct>
          <otherPct>65.71</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel Execution Services on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Matrix Capital Group, Inc.</name>
          <orderPct>30.23</orderPct>
          <marketPct>29.85</marketPct>
          <marketableLimitPct>28.67</marketableLimitPct>
          <nonMarketableLimitPct>30.64</nonMarketableLimitPct>
          <otherPct>34.29</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Matrix Capital Group, Inc. on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOptions>
  </rMonthly>
  <rMonthly>
    <year>2026</year>
    <mon>03</mon>
    <rSP500>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>93.16</ndoMarketPct>
      <ndoMarketableLimitPct>0.15</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.74</ndoNonmarketableLimitPct>
      <ndoOtherPct>5.95</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>45.91</orderPct>
          <marketPct>48.85</marketPct>
          <marketableLimitPct>34.60</marketableLimitPct>
          <nonMarketableLimitPct>39.15</nonMarketableLimitPct>
          <otherPct>1.13</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Two Sigma Securities, LLC</name>
          <orderPct>18.54</orderPct>
          <marketPct>19.70</marketPct>
          <marketableLimitPct>14.69</marketableLimitPct>
          <nonMarketableLimitPct>18.18</nonMarketableLimitPct>
          <otherPct>0.50</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Two Sigma on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Virtu Americas, LLC</name>
          <orderPct>12.19</orderPct>
          <marketPct>12.86</marketPct>
          <marketableLimitPct>13.74</marketableLimitPct>
          <nonMarketableLimitPct>13.45</nonMarketableLimitPct>
          <otherPct>1.49</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Virtu on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Capital</name>
          <orderPct>9.72</orderPct>
          <marketPct>10.27</marketPct>
          <marketableLimitPct>16.59</marketableLimitPct>
          <nonMarketableLimitPct>15.12</nonMarketableLimitPct>
          <otherPct>0.30</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Jane Street Capital on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Clearpool Execution Services, LLC</name>
          <orderPct>9.10</orderPct>
          <marketPct>3.59</marketPct>
          <marketableLimitPct>14.22</marketableLimitPct>
          <nonMarketableLimitPct>7.24</nonMarketableLimitPct>
          <otherPct>95.49</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Clearpool on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>94.01</ndoMarketPct>
      <ndoMarketableLimitPct>0.41</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>1.39</ndoNonmarketableLimitPct>
      <ndoOtherPct>4.19</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>42.91</orderPct>
          <marketPct>44.92</marketPct>
          <marketableLimitPct>26.89</marketableLimitPct>
          <nonMarketableLimitPct>30.89</nonMarketableLimitPct>
          <otherPct>3.41</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Two Sigma Securities, LLC</name>
          <orderPct>16.16</orderPct>
          <marketPct>16.95</marketPct>
          <marketableLimitPct>7.39</marketableLimitPct>
          <nonMarketableLimitPct>11.31</nonMarketableLimitPct>
          <otherPct>1.07</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Two Sigma on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Capital</name>
          <orderPct>14.80</orderPct>
          <marketPct>15.22</marketPct>
          <marketableLimitPct>22.73</marketableLimitPct>
          <nonMarketableLimitPct>22.80</nonMarketableLimitPct>
          <otherPct>1.99</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Jane Street Capital on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Virtu Americas, LLC</name>
          <orderPct>13.97</orderPct>
          <marketPct>14.29</marketPct>
          <marketableLimitPct>23.67</marketableLimitPct>
          <nonMarketableLimitPct>19.02</nonMarketableLimitPct>
          <otherPct>4.22</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Virtu on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Clearpool Execution Services, LLC</name>
          <orderPct>6.65</orderPct>
          <marketPct>3.01</marketPct>
          <marketableLimitPct>10.23</marketableLimitPct>
          <nonMarketableLimitPct>6.60</nonMarketableLimitPct>
          <otherPct>87.86</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Clearpool on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Canaccord Genuity Securities</name>
          <orderPct>5.09</orderPct>
          <marketPct>5.29</marketPct>
          <marketableLimitPct>6.25</marketableLimitPct>
          <nonMarketableLimitPct>4.44</nonMarketableLimitPct>
          <otherPct>0.61</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Canaccord Genuity Securities on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOtherStocks>
    <rOptions>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>23.69</ndoMarketPct>
      <ndoMarketableLimitPct>10.53</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>64.98</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.80</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>Citadel Execution Services</name>
          <orderPct>69.83</orderPct>
          <marketPct>69.32</marketPct>
          <marketableLimitPct>71.01</marketableLimitPct>
          <nonMarketableLimitPct>69.65</nonMarketableLimitPct>
          <otherPct>84.62</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel Execution Services on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Matrix Capital Group, Inc.</name>
          <orderPct>29.69</orderPct>
          <marketPct>30.51</marketPct>
          <marketableLimitPct>28.21</marketableLimitPct>
          <nonMarketableLimitPct>29.81</nonMarketableLimitPct>
          <otherPct>15.38</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Matrix Capital Group, Inc. on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOptions>
  </rMonthly>
</heldOrderRoutingPublicReport>
