MERIDIAN EQUITY PARTNERS

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

posted : October 21,2018 – 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

99

74

26

0


American Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

NYSE

92

22

78

0

CDED

3

45

55

0

CITADEL

2

77

23

0

NASDAQ

1

100

0

0

EDGX

1

32

68

0


Nasdaq Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

NASDAQ

35

64

25

1

NYSE

24

54

46

0

CDED

10

72

18

0

ARCX

10

55

45

0

CITADEL

6

45

55

0

STGY

2

76

24

0

EDGX

2

68

32

0

BATS

2

81

19

0

UBSA

1

76

24

0




Summary Statistics - OPTIONS :

:

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

Market orders as percentage of total non-directed orders 44%

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

% of orders – Market on Close

AMEX

100

74

26

0

 

 

Nasdaq Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

AMEX

100

100

0

0