MERIDIAN EQUITY PARTNERS

SEC Rule 606 Quarterly Report for the Quarter Ending June 30, 2019

posted : July 26,2019 – 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 53%

Limit orders as percentage of total non-directed orders 47%

 

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

53

47

0


American Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

NYSE

97

18

82

0


Nasdaq Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

NASDAQ

47

96

4

0

NYSE

36

31

69

0

ARCX

4

11

89

0

CITADEL

2

98

2

0

STGY

2

73

27

0




Summary Statistics - OPTIONS :

:

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

Market orders as percentage of total non-directed orders 4%

Limit orders as percentage of total non-directed orders 96%

 

Information Concerning Significant Venues :

American Exchange Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

AMEX

100

4

96

0

 

 

NYSE Listed Symbols

Venue

% of volume

% of orders - Market

% of orders - Limit

% of orders – Market on Close

AMEX

100

4

96

0



 

 




* To view a list of all potential venues-click NSCC MPID Directory