<?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>2</qtr>
  <timestamp>2026-07-30T18:31:44Z</timestamp>
  <rMonthly>
    <year>2026</year>
    <mon>04</mon>
    <rSP500>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>93.20</ndoMarketPct>
      <ndoMarketableLimitPct>0.26</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.99</ndoNonmarketableLimitPct>
      <ndoOtherPct>5.55</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>47.22</orderPct>
          <marketPct>49.97</marketPct>
          <marketableLimitPct>38.97</marketableLimitPct>
          <nonMarketableLimitPct>43.36</nonMarketableLimitPct>
          <otherPct>2.07</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 Citadel on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Two Sigma Securities, LLC</name>
          <orderPct>17.79</orderPct>
          <marketPct>18.82</marketPct>
          <marketableLimitPct>17.22</marketableLimitPct>
          <nonMarketableLimitPct>16.50</nonMarketableLimitPct>
          <otherPct>0.84</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Two Sigma on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Virtu Americas, LLC</name>
          <orderPct>12.01</orderPct>
          <marketPct>12.56</marketPct>
          <marketableLimitPct>12.39</marketableLimitPct>
          <nonMarketableLimitPct>13.59</nonMarketableLimitPct>
          <otherPct>2.54</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 Virtu on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Jane Street Capital</name>
          <orderPct>9.86</orderPct>
          <marketPct>10.40</marketPct>
          <marketableLimitPct>9.06</marketableLimitPct>
          <nonMarketableLimitPct>11.39</nonMarketableLimitPct>
          <otherPct>0.44</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>8.64</orderPct>
          <marketPct>3.64</marketPct>
          <marketableLimitPct>14.80</marketableLimitPct>
          <nonMarketableLimitPct>6.60</nonMarketableLimitPct>
          <otherPct>92.69</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>0.55</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>1.61</ndoNonmarketableLimitPct>
      <ndoOtherPct>3.66</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>43.55</orderPct>
          <marketPct>45.29</marketPct>
          <marketableLimitPct>30.50</marketableLimitPct>
          <nonMarketableLimitPct>33.08</nonMarketableLimitPct>
          <otherPct>5.18</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>15.66</orderPct>
          <marketPct>16.32</marketPct>
          <marketableLimitPct>6.93</marketableLimitPct>
          <nonMarketableLimitPct>11.98</nonMarketableLimitPct>
          <otherPct>1.70</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>15.09</orderPct>
          <marketPct>15.37</marketPct>
          <marketableLimitPct>24.09</marketableLimitPct>
          <nonMarketableLimitPct>21.63</nonMarketableLimitPct>
          <otherPct>3.71</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 Jane Street Capital on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Virtu Americas, LLC</name>
          <orderPct>13.92</orderPct>
          <marketPct>14.09</marketPct>
          <marketableLimitPct>21.49</marketableLimitPct>
          <nonMarketableLimitPct>16.45</nonMarketableLimitPct>
          <otherPct>7.24</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>6.34</orderPct>
          <marketPct>3.49</marketPct>
          <marketableLimitPct>8.67</marketableLimitPct>
          <nonMarketableLimitPct>7.09</nonMarketableLimitPct>
          <otherPct>78.88</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>
    </rOtherStocks>
    <rOptions>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>20.72</ndoMarketPct>
      <ndoMarketableLimitPct>9.13</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>69.65</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.49</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>Citadel Execution Services</name>
          <orderPct>70.33</orderPct>
          <marketPct>71.13</marketPct>
          <marketableLimitPct>72.07</marketableLimitPct>
          <nonMarketableLimitPct>69.90</nonMarketableLimitPct>
          <otherPct>65.38</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 Citadel Execution Services on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Matrix Capital Group, Inc.</name>
          <orderPct>28.86</orderPct>
          <marketPct>28.87</marketPct>
          <marketableLimitPct>25.67</marketableLimitPct>
          <nonMarketableLimitPct>29.24</nonMarketableLimitPct>
          <otherPct>34.62</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 Matrix Capital Group, Inc. on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rOptions>
  </rMonthly>
  <rMonthly>
    <year>2026</year>
    <mon>05</mon>
    <rSP500>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>92.55</ndoMarketPct>
      <ndoMarketableLimitPct>0.21</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.99</ndoNonmarketableLimitPct>
      <ndoOtherPct>6.26</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>46.22</orderPct>
          <marketPct>49.25</marketPct>
          <marketableLimitPct>37.45</marketableLimitPct>
          <nonMarketableLimitPct>43.91</nonMarketableLimitPct>
          <otherPct>2.03</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>17.47</orderPct>
          <marketPct>18.61</marketPct>
          <marketableLimitPct>13.51</marketableLimitPct>
          <nonMarketableLimitPct>16.75</nonMarketableLimitPct>
          <otherPct>0.81</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>12.01</orderPct>
          <marketPct>12.59</marketPct>
          <marketableLimitPct>14.29</marketableLimitPct>
          <nonMarketableLimitPct>13.38</nonMarketableLimitPct>
          <otherPct>3.15</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>9.82</orderPct>
          <marketPct>4.48</marketPct>
          <marketableLimitPct>14.29</marketableLimitPct>
          <nonMarketableLimitPct>7.61</nonMarketableLimitPct>
          <otherPct>89.03</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>Jane Street Capital</name>
          <orderPct>9.50</orderPct>
          <marketPct>10.08</marketPct>
          <marketableLimitPct>11.97</marketableLimitPct>
          <nonMarketableLimitPct>10.98</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 Jane Street Capital on such orders.</materialAspects>
        </rVenue>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>94.01</ndoMarketPct>
      <ndoMarketableLimitPct>0.52</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>1.50</ndoNonmarketableLimitPct>
      <ndoOtherPct>3.97</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>42.37</orderPct>
          <marketPct>44.22</marketPct>
          <marketableLimitPct>27.99</marketableLimitPct>
          <nonMarketableLimitPct>33.40</nonMarketableLimitPct>
          <otherPct>3.96</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Two Sigma Securities, LLC</name>
          <orderPct>15.91</orderPct>
          <marketPct>16.66</marketPct>
          <marketableLimitPct>9.21</marketableLimitPct>
          <nonMarketableLimitPct>10.12</nonMarketableLimitPct>
          <otherPct>1.18</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>15.08</orderPct>
          <marketPct>15.52</marketPct>
          <marketableLimitPct>23.94</marketableLimitPct>
          <nonMarketableLimitPct>20.68</nonMarketableLimitPct>
          <otherPct>1.56</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Jane Street Capital on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Virtu Americas, LLC</name>
          <orderPct>13.70</orderPct>
          <marketPct>13.89</marketPct>
          <marketableLimitPct>19.52</marketableLimitPct>
          <nonMarketableLimitPct>17.77</nonMarketableLimitPct>
          <otherPct>6.93</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>Clearpool Execution Services, LLC</name>
          <orderPct>7.11</orderPct>
          <marketPct>4.12</marketPct>
          <marketableLimitPct>10.87</marketableLimitPct>
          <nonMarketableLimitPct>8.73</nonMarketableLimitPct>
          <otherPct>76.90</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>
    </rOtherStocks>
    <rOptions>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>18.09</ndoMarketPct>
      <ndoMarketableLimitPct>9.67</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>71.85</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.40</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>Citadel Execution Services</name>
          <orderPct>70.47</orderPct>
          <marketPct>70.88</marketPct>
          <marketableLimitPct>69.22</marketableLimitPct>
          <nonMarketableLimitPct>70.49</nonMarketableLimitPct>
          <otherPct>78.26</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>29.24</orderPct>
          <marketPct>29.12</marketPct>
          <marketableLimitPct>29.72</marketableLimitPct>
          <nonMarketableLimitPct>29.25</nonMarketableLimitPct>
          <otherPct>21.74</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>06</mon>
    <rSP500>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>92.20</ndoMarketPct>
      <ndoMarketableLimitPct>0.19</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>0.89</ndoNonmarketableLimitPct>
      <ndoOtherPct>6.72</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>44.20</orderPct>
          <marketPct>47.27</marketPct>
          <marketableLimitPct>36.55</marketableLimitPct>
          <nonMarketableLimitPct>43.10</nonMarketableLimitPct>
          <otherPct>2.36</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>19.37</orderPct>
          <marketPct>20.66</marketPct>
          <marketableLimitPct>16.87</marketableLimitPct>
          <nonMarketableLimitPct>17.55</nonMarketableLimitPct>
          <otherPct>2.04</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>Virtu Americas, LLC</name>
          <orderPct>12.26</orderPct>
          <marketPct>12.94</marketPct>
          <marketableLimitPct>10.84</marketableLimitPct>
          <nonMarketableLimitPct>12.69</nonMarketableLimitPct>
          <otherPct>2.81</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>9.72</orderPct>
          <marketPct>3.98</marketPct>
          <marketableLimitPct>17.67</marketableLimitPct>
          <nonMarketableLimitPct>7.33</nonMarketableLimitPct>
          <otherPct>88.52</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>Jane Street Capital</name>
          <orderPct>9.34</orderPct>
          <marketPct>9.87</marketPct>
          <marketableLimitPct>13.65</marketableLimitPct>
          <nonMarketableLimitPct>11.16</nonMarketableLimitPct>
          <otherPct>1.75</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>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>100.00</ndoPct>
      <ndoMarketPct>91.14</ndoMarketPct>
      <ndoMarketableLimitPct>0.72</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>2.07</ndoNonmarketableLimitPct>
      <ndoOtherPct>6.06</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CITADEL SECURITIES LLC</name>
          <orderPct>39.65</orderPct>
          <marketPct>42.17</marketPct>
          <marketableLimitPct>35.34</marketableLimitPct>
          <nonMarketableLimitPct>38.87</nonMarketableLimitPct>
          <otherPct>2.56</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Baird does not receive payment for order flow from Citadel on such orders.</materialAspects>
        </rVenue>
        <rVenue>
          <name>Two Sigma Securities, LLC</name>
          <orderPct>17.15</orderPct>
          <marketPct>18.36</marketPct>
          <marketableLimitPct>12.06</marketableLimitPct>
          <nonMarketableLimitPct>12.86</nonMarketableLimitPct>
          <otherPct>1.02</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>14.08</orderPct>
          <marketPct>14.75</marketPct>
          <marketableLimitPct>17.97</marketableLimitPct>
          <nonMarketableLimitPct>18.00</nonMarketableLimitPct>
          <otherPct>2.30</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>Virtu Americas, LLC</name>
          <orderPct>13.85</orderPct>
          <marketPct>14.38</marketPct>
          <marketableLimitPct>18.21</marketableLimitPct>
          <nonMarketableLimitPct>15.60</nonMarketableLimitPct>
          <otherPct>4.75</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>9.39</orderPct>
          <marketPct>4.29</marketPct>
          <marketableLimitPct>10.25</marketableLimitPct>
          <nonMarketableLimitPct>7.76</nonMarketableLimitPct>
          <otherPct>86.60</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>5.29</orderPct>
          <marketPct>5.61</marketPct>
          <marketableLimitPct>4.34</marketableLimitPct>
          <nonMarketableLimitPct>4.64</nonMarketableLimitPct>
          <otherPct>0.69</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>17.25</ndoMarketPct>
      <ndoMarketableLimitPct>10.03</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>72.41</ndoNonmarketableLimitPct>
      <ndoOtherPct>0.31</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>Citadel Execution Services</name>
          <orderPct>69.80</orderPct>
          <marketPct>69.52</marketPct>
          <marketableLimitPct>69.61</marketableLimitPct>
          <nonMarketableLimitPct>69.83</nonMarketableLimitPct>
          <otherPct>84.21</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>0.00</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>0.00</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>0.00</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>0.00</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>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>29.79</orderPct>
          <marketPct>30.48</marketPct>
          <marketableLimitPct>29.58</marketableLimitPct>
          <nonMarketableLimitPct>29.71</nonMarketableLimitPct>
          <otherPct>15.79</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>
