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RAVEN
SECURITIES
SEC Rule 606 Quarterly Report for the Quarter Ending June 30, 2015
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 76%
Limit orders as percentage of total non-directed orders 24%
Information Concerning Significant Venues (EQUITIES):
New York Stock Exchange Listed Symols
|
Venue
|
% of volume
|
% of orders - Market
|
% of orders - Limit
|
|
NYSE
|
96
|
80
|
20
|
|
KNIGHT
|
2
|
100
|
0
|
|
EGXM
|
1
|
100
|
0
|
American Stock Exchange Listed Symols
|
Venue
|
% of volume
|
% of orders - Market
|
% of orders - Limit
|
|
NYSE
|
97
|
90
|
10
|
NASDAQ Listed Symols
|
Venue
|
% of volume
|
% of orders - Market
|
% of orders - Limit
|
|
NASDAQ
|
31
|
75
|
25
|
|
NYSE
|
26
|
70
|
30
|
|
EGXM
|
16
|
70
|
30
|
|
CDRG
|
7
|
100
|
0
|
|
FBCO
|
4
|
100
|
0
|
|
ARCA
|
3
|
100
|
0
|
|
KNIGHT
|
2
|
100
|
0
|
|
CVGX
|
2
|
100
|
0
|
|
GFLO
|
2
|
100
|
0
|
|
ALTX
|
1
|
100
|
0
|
|
YBAT
|
1
|
100
|
0
|
|
AUTO
|
1
|
100
|
0
|
|
VRTX
|
1
|
100
|
0
|
Other and Regional Exchanges Listed Symols
|
Venue
|
% of volume
|
% of orders - Market
|
% of orders - Limit
|
|
EGXM
|
44
|
90
|
10
|
|
ARCA
|
16
|
80
|
20
|
|
CVGX
|
9
|
100
|
0
|
|
FBCO
|
9
|
100
|
0
|
|
CDRG
|
6
|
100
|
0
|
|
GFLO
|
4
|
100
|
0
|
|
VRTX
|
3
|
100
|
0
|
|
NASDAQ
|
2
|
100
|
0
|
|
TRIM
|
1
|
100
|
0
|
|
YBAT
|
1
|
100
|
0
|
|