MERIDIAN EQUITY PARTNERS

SEC Rule 606 Quarterly Report for the Quarter Ending June 30, 2018

posted : July 22,2018 – 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 73%

Limit orders as percentage of total non-directed orders 27%

 

Information Concerning Significant Venues :

New York Stock Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

NYSE

97

73

27

0

CLEARPOOL

2

78

22

0


American Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

NYSE

43

71

29

0

CITADEL

8

100

0

0

UBSA

6

100

0

0

ARCX

6

100

0

0

DBSX

5

100

0

0

CAES

4

100

0

0

LEVL

3

100

0

0

CDED

3

96

4

0

AMEX

3

100

0

0

JPMX

2

100

0

0

NASDAQ

2

100

0

0

KNMX

1

100

0

0

BIDS

1

100

0

0

SGMT

1

100

0

0


Nasdaq Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

NASDAQ

36

74

26

0

NYSE

27

73

27

0

ARCX

9

85

15

0

GLP

7

95

5

0

CITADEL

4

77

23

0

CDED

3

67

33

0

STGY

2

72

28

0

CLEARPOOL

2

80

20

0

UBSA

1

95

5

0

JPMX

1

96

4

0




Summary Statistics - OPTIONS :

:

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

Market orders as percentage of total non-directed orders 7%

Limit orders as percentage of total non-directed orders 93%

 

Information Concerning Significant Venues :

American Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

AMEX

100

6

94

0

 

 

Nasdaq Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

AMEX

100

8

92

0