MERIDIAN EQUITY PARTNERS

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

posted : January 24,2019 – 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 66%

Limit orders as percentage of total non-directed orders 34%

 

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

67

33

0


American Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

NYSE

95

25

75

0

STGY

2

100

0

0


Nasdaq Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

NASDAQ

40

74

26

0

NYSE

24

51

49

0

ARCX

14

27

73

0

CDED

6

49

51

0

CITADEL

4

84

16

0

STGY

2

100

0

0




Summary Statistics - OPTIONS :

:

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 :

American Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

AMEX

100

82

18

0

 

 

Nasdaq Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

AMEX

100

100

0

0