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SEC-Required Report on Routing
of Customers Orders (11Ac1-6)
For Quarter Ending March 31, 2012
Finance 500, Inc. has prepared this report
pursuant to a U.S. Securities and Exchange Commission rule requiring all
brokerage firms to make publicly available quarterly reports on their order
routing practices. The report provides information on the routing of
"non-directed orders" - any order that the customer has not
specifically instructed to be routed to a particular venue for execution. For
these non-directed orders, Finance 500, Inc., through the routing algorithm in
Go-Trader's software, has selected the execution venue on behalf of its
customers.
The report is divided into four sections: one for
securities listed on the NASDAAQ Stock Market, one for securities listed on
the New York Stock Exchange, one for securities listed on the American Stock
Exchange, and one for exchange-listed options. For each section, this report identifies the
venues most often selected by Finance 500, Inc. , sets forth the various types of
orders routed to the venues, and discusses the material aspects of Finance 500, Inc.
relationship with the venues.
Securities Listed on the
NASDAAQ Stock Market
Summary Statistics:
| Non-directed orders as percentage of total customer orders |
77.91% |
| Market orders as percentage of total non-directed orders |
46.54% |
| Limit orders as percentage of total non-directed orders |
38.11% |
| Other orders as percentage of total
non-directed orders |
15.35% |
Venues Receiving Significant Percentage of Total Non-Directed Orders:
| Knight Securities |
87.80% |
| Principal |
2.85% |
| BATS Exchange |
9.35% |
Types of Orders Routed to Venue
| |
Market orders as
a % of total
market orders |
Limit orders as a
% of total limit
orders |
Other orders as
% of total other
orders |
| Knight Securities |
52.43% |
30.09% |
17.48% |
| Finance 500, Inc. does not receive compensation for orders. |
| Principal |
17.86% |
82.14% |
0.00% |
| Finance 500 Inc. sends orders in certain equity securities to itself to execute on a principal or agency basis, subject to principles of best execution. Finance 500 Inc. may have a profit or loss when executing orders as principal. Finance 500 Inc. may have received sales credits for orders executed as principal, on behalf of clients of Finance 500 Inc. |
| BATS Exchange |
0.00% |
100.00% |
0.00% |
| BATS Fee Schedule |
Securities Listed on the NYSE (New York Stock Exchange)
Summary Statistics:
| Non-directed orders as percentage of total customer orders |
96.71% |
| Market orders as percentage of total non-directed orders |
56.70% |
| Limit orders as percentage of total non-directed orders |
27.95% |
| Other orders as percentage of total
non-directed orders |
15.34% |
Venues Receiving Significant Percentage of Total Non-Directed Orders:
| Principal |
4.14% |
| BATS Exchange |
5.67% |
| Knight Capital Group |
90.19% |
Types of Orders Routed to Venue
| |
Market orders as
a % of total
market orders |
Limit orders as a
% of total limit
orders |
Other orders as
% of total other
orders |
| Principal |
14.52% |
80.65% |
4.84% |
| Finance 500 Inc. sends orders in certain equity securities to itself to execute on a principal or agency basis, subject to principles of best execution. Finance 500 Inc. may have a profit or loss when executing orders as principal. Finance 500 Inc. may have received sales credits for orders executed as principal, on behalf of clients of Finance 500 Inc. |
| BATS Exchange |
0.00% |
100.00% |
0.00% |
| BATS Fee Schedule |
| Knight Capital Group |
62.20% |
21.01% |
16.79% |
| Finance 500, Inc. does not receive compensation for orders. |
Securities Listed on the AMEX (American Stock Exchange)
Summary Statistics:
| Non-directed orders as percentage of total customer orders |
95.80% |
| Market orders as percentage of total non-directed orders |
41.23% |
| Limit orders as percentage of total non-directed orders |
56.14% |
| Other orders as percentage of total
non-directed orders |
2.63% |
Venues Receiving Significant Percentage of Total Non-Directed Orders:
| Principal |
2.63% |
| BATS Exchange |
2.63% |
| Knight Capital Group |
94.74% |
Types of Orders Routed to Venue
| |
Market orders as
a % of total
market orders |
Limit orders as a
% of total limit
orders |
Other orders as
% of total other
orders |
| Principal |
0.00% |
100.00% |
0.00% |
| Finance 500 Inc. sends orders in certain equity securities to itself to execute on a principal or agency basis, subject to principles of best execution. Finance 500 Inc. may have a profit or loss when executing orders as principal. Finance 500 Inc. may have received sales credits for orders executed as principal, on behalf of clients of Finance 500 Inc. |
| BATS Exchange |
0.00% |
100.00% |
0.00% |
| BATS Fee Schedule |
| Knight Capital Group |
43.52% |
53.70% |
2.78% |
| Finance 500, Inc. does not receive compensation for orders. |
Exchange Listed - Options
Summary Statistics:
| Non-directed orders as percentage of total customer orders |
100.00% |
| Market orders as percentage of total non-directed orders |
73.62% |
| Limit orders as percentage of total non-directed orders |
26.25% |
| Other orders as percentage of total
non-directed orders |
0.13% |
Venues Receiving Significant Percentage of Total Non-Directed Orders:
Types of Orders Routed to Venue
| |
Market orders as
a % of total
market orders |
Limit orders as a
% of total limit
orders |
Other orders as
% of total other
orders |
| Knight Direct |
73.62% |
26.25% |
0.13% |
| Finance 500, Inc. does not receive compensation for orders. |
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