MERIDIAN EQUITY PARTNERS

SEC Rule 606 Quarterly Report for the Quarter Ending March 31, 2018

posted : April 30,2018 – Optimal Applications, LLC

Meridian sometimes receives payment for order flow in the form of liquidity rebates. In an effort to seek best execution, Meridian routes its client orders to national securities exchanges, alternative trading systems (ATSs) and other venues and market centers (collectively “market centers”). Certain market centers, including many exchanges, provide rebates or charge fees based upon whether routed orders contribute liquidity to that market center or extract liquidity from the market center. Meridian may also receive incremental pricing benefits from market centers based upon the aggregate trading volume generated by Meridian. Such rebates and fees are considered payment for order flow even though the aggregate amount of these rebates may or may not offset or exceed the fees paid to these market centers for removing liquidity during any given time period.

 

Summary Statistics - EQUITIES :

:

Non-directed orders as percentage of total customer orders 100%

Market orders as percentage of total non-directed orders 82%

Limit orders as percentage of total non-directed orders 18%

 

Information Concerning Significant Venues :

New York Stock Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

NYSE

97

82

18

GLP

1

77

23


American Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

NYSE

17

66

34

UBSA

15

100

0

XNAS

8

42

58

LEVL

8

100

0

DBSX

8

100

0

ARCX

7

97

3

SGMT

6

100

0

CDED

5

99

1

KNMX

5

100

0

CAES

5

100

0

JPMX

4

100

0

BAML

3

100

0

BIDS

2

100

0

BARX

2

100

0

GLPX

1

100

0


Nasdaq Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

ARCX

34

86

14

0

NYSE

17

49

51

0

XNAS

13

60

39

1

CDED

6

98

2

0

STGY

5

80

19

1

LEVL

4

100

0

0

UBSA

3

100

0

0

GLPX

2

95

5

0

SGMT

2

100

0

0

CAES

2

99

1

0

EDGX

2

96

4

0

DBSX

1

100

0

0

BARX

1

99

1

0




Summary Statistics - OPTIONS :

:

Non-directed orders as percentage of total customer orders 100%

Market orders as percentage of total non-directed orders 55%

Limit orders as percentage of total non-directed orders 45%

 

Information Concerning Significant Venues :

American Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

AMEX

100

55

45


Nasdaq Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

AMEX

100

35

65