SEVEN POINTS CAPITAL
SEC Rule 606 Quarterly Report for the Quarter Ending September 30, 2011
Seven Points Capital has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue [market center] for execution. For these non-directed orders, Seven Points Capital has selected the execution venue on behalf of its customers. Seven Points Capital may participate in programs which result in its receipt of remuneration, compensation or other consideration for the placing of orders with other broker-dealers, exchanges and market centers for execution.
Based on the design of the firm's proprietary order routing mechanism, most orders were routed to and executed by multiple venues. Therefore, the data below reflects the percentages of orders routed for execution at each market venue.
Summary Statistics :
Non-directed orders as percentage of total customer orders 10%
Market orders as percentage of total non-directed orders 5%
Limit orders as percentage of total non-directed orders 95%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
1. ARCA-ETF 36%
2. CITX 24%
3. PFSI 12%
4. ISLD 11%
5. ATD 5%
6. KNIGHT 4%
7. ARCA-NASDAQ 3%
8. ARCA-NYSE 1%
9. HDSN 1%
Information Concerning Significant Venues :
1. ARCA-ETF
Market Orders 0%
Limit Orders 100%
2. CITX
Market Orders 3%
Limit Orders 97%
3. PFSI
Market Orders 24%
Limit Orders 76%
4. ISLD
Market Orders 1%
Limit Orders 99%
5. ATD
Market Orders 5%
Limit Orders 95%
6. KNIGHT
Market Orders 5%
Limit Orders 95%
7. ARCA-NASDAQ
Market Orders 0%
Limit Orders 100%
8. ARCA-NYSE
Market Orders 0%
Limit Orders 100%
9. HDSN
Market Orders 63%
Limit Orders 37%
|