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RAVEN
SECURITIES
SEC Rule 606 Quarterly Report for the Quarter Ending March 31, 2013
Raven Securities 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,
“that is, any order that the customer has not specifically instructed to be
routed to a particular venue [market center] for execution. For these
non-directed orders, Raven Securities has selected the execution venue on
behalf of its customers.
Summary Statistics :
Non-directed orders as percentage of total customer orders
100%
Market orders as percentage of total non-directed orders 88%
Limit orders as percentage of total non-directed orders 12%
Information Concerning Significant Venues (EQUITIES):
New York Stock Exchange Listed Symols
|
Venue
|
% of volume
|
% of orders - Market
|
% of orders - Limit
|
|
NYSE
|
82
|
88
|
12
|
|
MSCO
|
11
|
100
|
0
|
|
NASDAQ
|
2
|
93
|
7
|
|
BATS
|
1
|
100
|
0
|
|
EDGE
|
1
|
100
|
0
|
American Stock Exchange Listed Symols
|
Venue
|
% of volume
|
% of orders - Market
|
% of orders - Limit
|
|
ARCA
|
29
|
87
|
13
|
|
EDGE
|
11
|
85
|
15
|
|
NASDAQ
|
9
|
91
|
9
|
|
BATS
|
7
|
100
|
0
|
|
WBC
|
7
|
100
|
0
|
|
GFLO
|
7
|
100
|
0
|
|
INET
|
5
|
74
|
26
|
|
GETAL
|
3
|
100
|
0
|
|
MSCO
|
2
|
90
|
10
|
|
BYXX
|
2
|
100
|
0
|
|
CSLP
|
2
|
92
|
8
|
|
FBCO
|
2
|
86
|
14
|
|
NYSE
|
1
|
100
|
0
|
|
BARX
|
1
|
100
|
0
|
|
CAES
|
1
|
100
|
0
|
|
BX
|
1
|
100
|
0
|
|
UBS
|
1
|
100
|
0
|
|
CDRG
|
1
|
100
|
0
|
|
KNIGHT
|
1
|
95
|
5
|
|
DBSX
|
1
|
100
|
0
|
|
ALTX
|
1
|
100
|
0
|
NASDAQ Listed Symols
|
Venue
|
% of volume
|
% of orders - Market
|
% of orders - Limit
|
|
NASDAQ
|
32
|
88
|
12
|
|
MSCO
|
10
|
92
|
8
|
|
ARCA
|
10
|
87
|
13
|
|
BATS
|
7
|
100
|
0
|
|
GETAL21
|
6
|
100
|
0
|
|
EDGE
|
5
|
100
|
0
|
|
NYSE
|
4
|
100
|
0
|
|
INET
|
4
|
100
|
0
|
|
GFLO
|
3
|
100
|
0
|
|
CSLP
|
2
|
100
|
0
|
|
BYXX
|
2
|
100
|
0
|
|
CAES
|
2
|
100
|
0
|
|
BARX
|
2
|
100
|
0
|
|
UBS
|
1
|
100
|
0
|
|
GTCO
|
1
|
100
|
0
|
|
MLXN
|
1
|
100
|
0
|
|
FBCO
|
1
|
100
|
0
|
|
DBSX
|
1
|
100
|
0
|
|
KNMX
|
1
|
100
|
0
|
Other and Regional Exchanges Listed Symols
|
Venue
|
% of volume
|
% of orders - Market
|
% of orders - Limit
|
|
MSCO
|
64
|
100
|
0
|
|
ARCA
|
21
|
100
|
0
|
|
NYSE
|
9
|
100
|
0
|
|
GETAL
|
6
|
100
|
0
|
|