A2E_Engine
Richard Wenzel
2021-11-01T13:33:22Z
2021-11-01T13:33:22Z
Investintech.com Inc.
16.00
8040
21570
32767
32767
False
False
ZacksTrade - Held NMS Stocks and Options Order Routing Public Report |
Generated on Wed Oct 28 2020 17:27:26 GMT-0400 (EDT) |
3rd Quarter, 2020 |
July 2020 |
S&P 500 Stocks |
Summary |
Non-Directed Orders |
Market Orders as % of |
Marketable Limit |
Non-Marketable Limit |
Other Orders as % of |
as % of All Orders |
Non-Directed Orders |
Orders as % of Non- |
Orders as % of Non- |
Non-Directed Orders |
Directed Orders |
Directed Orders |
99.97 |
0 |
28.39 |
71.11 |
0.5 |
Venues |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
Nasdaq |
29.12 |
100 |
7.46 |
37.79 |
25 |
0 |
-189 |
-28.159700000000001 |
568 |
19.8401 |
0 |
-3.3449 |
Stock Market |
(XNAS) |
NYSE Arca |
21.56 |
0 |
3.59 |
28.89 |
0 |
0 |
-112 |
-29.568999999999999 |
17 |
12.1699 |
0 |
(ARCX) |
New York |
19.440000000000001 |
0 |
1.62 |
26.54 |
21.55 |
0 |
-48 |
-22.893999999999998 |
395 |
14.231299999999999 |
-1 |
-10 |
Stock |
Exchange |
(XNYS) |
IBKR ATS |
9.31 |
0 |
32.47 |
0.13 |
0 |
0 |
0 |
0 |
0 |
(IATS) |
IEX (IEXD) |
3.93 |
0 |
6.36 |
2.99 |
0 |
0 |
-6 |
-7.8501000000000003 |
-14 |
-8.8804999999999996 |
0 |
Citadel |
2.58 |
0 |
9.09 |
0 |
0 |
0 |
0 |
0 |
0 |
Securities |
(CDED) |
UBS ATS |
2.19 |
0 |
7.73 |
0 |
0 |
0 |
0 |
0 |
0 |
(UBSA) |
CBOE BYX |
2.13 |
0 |
2.11 |
2.14 |
0.86 |
0 |
7 |
4.9321000000000002 |
0 |
1.1053999999999999 |
0 |
Exchange |
(BATY) |
Material Aspects5 |
Nasdaq Stock Market (XNAS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
NYSE Arca (ARCX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
New York Stock Exchange (XNYS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
IBKR ATS (IATS): |
IBKR operates the IBKR ATS in accordance with SEC Regulation ATS, on which it executes IBKR client orders against each other or against one or more professional liquidity providers who send orders into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange |
fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/ |
regulatoryreports. |
Citadel Securities (CDED): |
IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKR-LITE orders are generally routed to select over-the-counter market-makers for handling. IBKR's agreements with the Market Makers provide Interactive Brokers payment for order flow from each |
Market Maker for trades executed with that Market Maker. |
CBOE BYX Exchange (BATY): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
July 2020 |
Non-S&P 500 Stocks |
Summary |
Non-Directed Orders |
Market Orders as % of |
Marketable Limit |
Non-Marketable Limit |
Other Orders as % of |
as % of All Orders |
Non-Directed Orders |
Orders as % of Non- |
Orders as % of Non- |
Non-Directed Orders |
Directed Orders |
Directed Orders |
99.96 |
0 |
38.42 |
60.27 |
1.3 |
Venues |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
Nasdaq |
32.85 |
100 |
8.39 |
47.71 |
66.59 |
0 |
-2331 |
-26.649100000000001 |
3334 |
19.851500000000001 |
-68 |
-7.8582999999999998 |
Stock Market |
(XNAS) |
NYSE Arca |
15.61 |
0 |
4.62 |
22.87 |
3.39 |
0 |
-1243 |
-26.5183 |
84 |
3.5007999999999999 |
-1 |
-15 |
(ARCX) |
New York |
13.24 |
0 |
1.79 |
20.54 |
12.85 |
0 |
-478 |
-26.160499999999999 |
1676 |
16.0959 |
-12 |
-10.023199999999999 |
Stock |
Exchange |
(XNYS) |
IBKR ATS |
8.8800000000000008 |
0 |
22.79 |
0.2 |
0 |
0 |
0 |
0 |
0 |
(IATS) |
CBOE EDGX |
4.25 |
0 |
5.31 |
3.4 |
11.8 |
0 |
-1428 |
-24.617999999999999 |
67 |
8.3099000000000007 |
-17 |
-12.554500000000001 |
Exchange |
(EDGX) |
IEX (IEXD) |
3.97 |
0 |
7.78 |
1.62 |
0.23 |
0 |
-35 |
-6.9047000000000001 |
-36 |
-8.2913999999999994 |
0 |
Citadel |
3.46 |
0 |
9.01 |
0 |
0 |
0 |
0 |
0 |
0 |
Securities |
(CDED) |
UBS ATS |
3.14 |
0 |
8.16 |
0 |
0 |
0 |
0 |
0 |
0 |
(UBSA) |
CBOE BYX |
2.25 |
0 |
2.59 |
2.0099999999999998 |
3.15 |
0 |
42 |
2.4683999999999999 |
0 |
-0.54769999999999996 |
-3 |
-6.4996999999999998 |
Exchange |
(BATY) |
Hudson River |
2.21 |
0 |
5.75 |
0 |
0 |
0 |
0 |
0 |
0 |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
Trading |
(HRTX) |
Virtu |
2.13 |
0 |
5.56 |
0 |
0 |
0 |
0 |
0 |
0 |
Financial Inc. |
(VIRT) |
Material Aspects5 |
Nasdaq Stock Market (XNAS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
NYSE Arca (ARCX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
New York Stock Exchange (XNYS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
IBKR ATS (IATS): |
IBKR operates the IBKR ATS in accordance with SEC Regulation ATS, on which it executes IBKR client orders against each other or against one or more professional liquidity providers who send orders into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange |
fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/ |
regulatoryreports. |
CBOE EDGX Exchange (EDGX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Citadel Securities (CDED): |
IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKR-LITE orders are generally routed to select over-the-counter market-makers for handling. IBKR's agreements with the Market Makers provide Interactive Brokers payment for order flow from each |
Market Maker for trades executed with that Market Maker. |
CBOE BYX Exchange (BATY): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Virtu Financial Inc. (VIRT): |
IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKR-LITE orders are generally routed to select over-the-counter market-makers for handling. IBKR's agreements with the Market Makers provide Interactive Brokers payment for order flow from each |
Market Maker for trades executed with that Market Maker. |
July 2020 |
Options |
Summary |
Non-Directed Orders |
Market Orders as % of |
Marketable Limit |
Non-Marketable Limit |
Other Orders as % of |
as % of All Orders |
Non-Directed Orders |
Orders as % of Non- |
Orders as % of Non- |
Non-Directed Orders |
Directed Orders |
Directed Orders |
99.88 |
0.27 |
9.75 |
61.12 |
28.86 |
Venues |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
Chicago |
14.89 |
0 |
13.01 |
13.6 |
18.38 |
0 |
115 |
8.7036999999999995 |
279 |
9.75 |
89 |
20.5749 |
Board Options |
Exchange |
(XCBO) |
NYSE Arca |
13.83 |
14.13 |
6.41 |
16.14 |
11.44 |
-2 |
-22 |
-573 |
-53.944499999999998 |
750 |
57.975299999999997 |
529 |
46.921900000000001 |
Options |
(ARCO) |
Nasdaq |
12.3 |
1.0900000000000001 |
11.64 |
18.27 |
0 |
0 |
-48 |
-733 |
-44.641100000000002 |
1502 |
52.570500000000003 |
0 |
Options |
Market |
(XNDQ) |
Cboe EDGX |
11.26 |
7.61 |
8.84 |
7.98 |
19.07 |
2 |
21 |
215 |
16.451799999999999 |
386 |
20.8017 |
1258 |
60.751800000000003 |
Options |
Exchange |
(EDGO) |
CBOE C2 |
10.82 |
3.26 |
1.64 |
4.7 |
26.95 |
-1 |
-43 |
-129 |
-46.804299999999998 |
114 |
41.845599999999997 |
330 |
50.555199999999999 |
Exchange |
(C2OX) |
Nasdaq |
9.6199999999999992 |
2.17 |
2.98 |
15.25 |
0 |
0 |
40 |
-160 |
-48.603000000000002 |
1239 |
46.0535 |
0 |
GEMX (GMNI) |
MIAX Emerald |
6.18 |
3.26 |
1.0900000000000001 |
9.93 |
0 |
-1 |
-26.25 |
-22 |
-34.092300000000002 |
769 |
43.023499999999999 |
0 |
Exchange |
(EMLD) |
Nasdaq ISE |
5.8 |
55.43 |
1.52 |
3.33 |
11.99 |
-27 |
-34.772199999999998 |
-48 |
-28.773800000000001 |
117 |
38.877499999999998 |
520 |
43.543900000000001 |
(XISX) |
Cboe BFX |
5.3 |
4.3499999999999996 |
5.44 |
7.79 |
0 |
-9 |
-50 |
-542 |
-53.728400000000001 |
785 |
67.515000000000001 |
0 |
Options |
Exchange |
(BATS) |
Nasdaq PHLX |
3.9 |
1.0900000000000001 |
7.08 |
0.76 |
9.51 |
-2 |
-42 |
59 |
5.1247999999999996 |
16 |
10 |
171 |
17.331600000000002 |
(XPHL) |
Material Aspects5 |
Chicago Board Options Exchange (XCBO): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
NYSE Arca Options (ARCO): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq Options Market (XNDQ): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Cboe EDGX Options Exchange (EDGO): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
CBOE C2 Exchange (C2OX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq GEMX (GMNI): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
MIAX Emerald Exchange (EMLD): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq ISE (XISX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Cboe BFX Options Exchange (BATS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq PHLX (XPHL): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
August 2020 |
S&P 500 Stocks |
Summary |
Non-Directed Orders |
Market Orders as % of |
Marketable Limit |
Non-Marketable Limit |
Other Orders as % of |
as % of All Orders |
Non-Directed Orders |
Orders as % of Non- |
Orders as % of Non- |
Non-Directed Orders |
Directed Orders |
Directed Orders |
99.92 |
0 |
26.79 |
72.47 |
0.74 |
Venues |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
NYSE Arca |
27.71 |
3.32 |
37 |
0 |
0 |
-40 |
-29.6069 |
20 |
17.229800000000001 |
0 |
(ARCX) |
Nasdaq |
27.69 |
6.65 |
35.520000000000003 |
22.58 |
0 |
-88 |
-25.3172 |
419 |
26.501200000000001 |
0 |
-9.2022999999999993 |
Stock Market |
(XNAS) |
New York |
17.64 |
1.33 |
23.58 |
26.61 |
0 |
-7 |
-18.524100000000001 |
132 |
15.648999999999999 |
-1 |
-10 |
Stock |
Exchange |
(XNYS) |
IBKR ATS |
8.0500000000000007 |
29.6 |
0.16 |
0 |
0 |
0 |
0 |
0 |
(IATS) |
IEX (IEXD) |
2.87 |
6.89 |
1.41 |
0 |
0 |
-3 |
-7.0141999999999998 |
-1 |
-7.7034000000000002 |
0 |
Citadel |
2.35 |
8.75 |
0 |
0 |
0 |
0 |
0 |
0 |
Securities |
(CDED) |
Hudson River |
2.11 |
7.89 |
0 |
0 |
0 |
0 |
0 |
0 |
Trading |
(HRTX) |
UBS ATS |
2.0699999999999998 |
7.71 |
0 |
0 |
0 |
0 |
0 |
0 |
(UBSA) |
Material Aspects5 |
NYSE Arca (ARCX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq Stock Market (XNAS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
New York Stock Exchange (XNYS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
IBKR ATS (IATS): |
IBKR operates the IBKR ATS in accordance with SEC Regulation ATS, on which it executes IBKR client orders against each other or against one or more professional liquidity providers who send orders into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange |
fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/ |
regulatoryreports. |
Citadel Securities (CDED): |
IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKR-LITE orders are generally routed to select over-the-counter market-makers for handling. IBKR's agreements with the Market Makers provide Interactive Brokers payment for order flow from each |
Market Maker for trades executed with that Market Maker. |
August 2020 |
Non-S&P 500 Stocks |
Summary |
Non-Directed Orders |
Market Orders as % of |
Marketable Limit |
Non-Marketable Limit |
Other Orders as % of |
as % of All Orders |
Non-Directed Orders |
Orders as % of Non- |
Orders as % of Non- |
Non-Directed Orders |
Directed Orders |
Directed Orders |
99.95 |
0 |
33.29 |
65.180000000000007 |
1.54 |
Venues |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
Nasdaq |
37.9 |
8.14 |
52.54 |
61.69 |
0 |
-1378 |
-26.806799999999999 |
2942 |
23.5001 |
-90 |
-10.9839 |
Stock Market |
(XNAS) |
NYSE Arca |
16.260000000000002 |
3.98 |
22.83 |
3.47 |
0 |
-1018 |
-27.711300000000001 |
338 |
18.674399999999999 |
-5 |
-15 |
(ARCX) |
New York |
12.26 |
1.59 |
17.670000000000002 |
14 |
0 |
-397 |
-25.320599999999999 |
1238 |
14.1065 |
-34 |
-9.9417000000000009 |
Stock |
Exchange |
(XNYS) |
IBKR ATS |
8.94 |
26.41 |
0.23 |
0 |
0 |
0 |
0 |
0 |
(IATS) |
CBOE EDGX |
3.72 |
4.7300000000000004 |
2.9 |
16.78 |
0 |
-996 |
-25.621400000000001 |
273 |
15.5402 |
-19 |
-22.5395 |
Exchange |
(EDGX) |
Citadel |
3.33 |
10 |
0 |
0 |
0 |
0 |
0 |
0 |
Securities |
(CDED) |
IEX (IEXD) |
3.17 |
7.72 |
0.91 |
0.12 |
0 |
-16 |
-6.9932999999999996 |
-15 |
-7.9939 |
0 |
UBS ATS |
2.79 |
8.3699999999999992 |
0 |
0 |
0 |
0 |
0 |
0 |
(UBSA) |
Hudson River |
1.85 |
5.56 |
0 |
0 |
0 |
0 |
0 |
0 |
Trading |
(HRTX) |
Material Aspects5 |
Nasdaq Stock Market (XNAS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
NYSE Arca (ARCX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
New York Stock Exchange (XNYS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
IBKR ATS (IATS): |
IBKR operates the IBKR ATS in accordance with SEC Regulation ATS, on which it executes IBKR client orders against each other or against one or more professional liquidity providers who send orders into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange |
fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/ |
regulatoryreports. |
CBOE EDGX Exchange (EDGX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Citadel Securities (CDED): |
IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKR-LITE orders are generally routed to select over-the-counter market-makers for handling. IBKR's agreements with the Market Makers provide Interactive Brokers payment for order flow from each |
Market Maker for trades executed with that Market Maker. |
August 2020 |
Options |
Summary |
Non-Directed Orders |
Market Orders as % of |
Marketable Limit |
Non-Marketable Limit |
Other Orders as % of |
as % of All Orders |
Non-Directed Orders |
Orders as % of Non- |
Orders as % of Non- |
Non-Directed Orders |
Directed Orders |
Directed Orders |
99.82 |
0.32 |
11.32 |
67.47 |
20.89 |
Venues |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
NYSE Arca |
13.39 |
15.31 |
5.39 |
14.6 |
13.78 |
-20 |
-64.096800000000002 |
-372 |
-59.540799999999997 |
461 |
60.544600000000003 |
250 |
41.4437 |
Options |
(ARCO) |
Nasdaq |
12.85 |
2.04 |
9.7799999999999994 |
17.399999999999999 |
0 |
-3 |
-48 |
-417 |
-41.703000000000003 |
1285 |
49.355600000000003 |
0 |
Options |
Market |
(XNDQ) |
Chicago |
12.68 |
1.02 |
14.02 |
14.54 |
6.11 |
0 |
9.75 |
71 |
8.7027999999999999 |
251 |
9.7492000000000001 |
20 |
19.8064 |
Board Options |
Exchange |
(XCBO) |
Cboe EDGX |
12.18 |
5.0999999999999996 |
9.1999999999999993 |
7.48 |
29.08 |
1 |
21 |
194 |
18.2422 |
405 |
20.840399999999999 |
675 |
52.516300000000001 |
Options |
Exchange |
(EDGO) |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
MIAX Emerald |
10.29 |
1.02 |
0.75 |
11.38 |
12.06 |
5 |
45 |
-12 |
-23.3019 |
687 |
43 |
144 |
28.975899999999999 |
Exchange |
(EMLD) |
Nasdaq |
9.3000000000000007 |
9.18 |
2.12 |
13.38 |
0 |
0 |
-98 |
-43.4711 |
938 |
51.904800000000002 |
0 |
GEMX (GMNI) |
CBOE C2 |
7.85 |
0 |
2.1800000000000002 |
5.29 |
19.329999999999998 |
0 |
-171 |
-43 |
101 |
32.863199999999999 |
238 |
42.834200000000003 |
Exchange |
(C2OX) |
Cboe BFX |
7.49 |
2.04 |
4.62 |
10.31 |
0 |
-1 |
-50 |
-250 |
-49.3294 |
1174 |
81.836200000000005 |
0 |
Options |
Exchange |
(BATS) |
Nasdaq ISE |
4.62 |
50 |
3.07 |
2.19 |
12.63 |
-55 |
-38.401400000000002 |
-89 |
-26.419599999999999 |
165 |
84.265299999999996 |
297 |
42.828299999999999 |
(XISX) |
Material Aspects5 |
NYSE Arca Options (ARCO): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq Options Market (XNDQ): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Chicago Board Options Exchange (XCBO): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Cboe EDGX Options Exchange (EDGO): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
MIAX Emerald Exchange (EMLD): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq GEMX (GMNI): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
CBOE C2 Exchange (C2OX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Cboe BFX Options Exchange (BATS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq ISE (XISX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
September 2020 |
S&P 500 Stocks |
Summary |
Non-Directed Orders |
Market Orders as % of |
Marketable Limit |
Non-Marketable Limit |
Other Orders as % of |
as % of All Orders |
Non-Directed Orders |
Orders as % of Non- |
Orders as % of Non- |
Non-Directed Orders |
Directed Orders |
Directed Orders |
99.96 |
0 |
28.16 |
71.260000000000005 |
0.57999999999999996 |
Venues |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
Nasdaq |
31.63 |
8.32 |
40.81 |
35.42 |
0 |
-112 |
-19.213100000000001 |
931 |
28.636199999999999 |
0 |
-9.6252999999999993 |
Stock Market |
(XNAS) |
NYSE Arca |
23.49 |
3.25 |
31.67 |
0 |
0 |
-41 |
-25.201599999999999 |
20 |
20.020099999999999 |
0 |
(ARCX) |
New York |
17.53 |
0.83 |
24.08 |
22.92 |
0 |
-10 |
-28.0168 |
167 |
18.424900000000001 |
-3 |
-10.011900000000001 |
Stock |
Exchange |
(XNYS) |
IBKR ATS |
11.22 |
39.57 |
0.11 |
0 |
0 |
0 |
0 |
0 |
(IATS) |
IEX (IEXD) |
2.35 |
5.62 |
1.07 |
1.04 |
0 |
-2 |
-7.4252000000000002 |
-2 |
-7.8697999999999997 |
0 |
Citadel |
1.75 |
6.2 |
0 |
0 |
0 |
0 |
0 |
0 |
Securities |
(CDED) |
CBOE BYX |
1.75 |
1.92 |
1.68 |
1.04 |
0 |
4 |
4.3760000000000003 |
0 |
2.7477 |
0 |
Exchange |
(BATY) |
UBS ATS |
1.73 |
6.14 |
0 |
0 |
0 |
0 |
0 |
0 |
(UBSA) |
Material Aspects5 |
Nasdaq Stock Market (XNAS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
NYSE Arca (ARCX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
New York Stock Exchange (XNYS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
IBKR ATS (IATS): |
IBKR operates the IBKR ATS in accordance with SEC Regulation ATS, on which it executes IBKR client orders against each other or against one or more professional liquidity providers who send orders into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange |
fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/ |
regulatoryreports. |
Citadel Securities (CDED): |
IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKR-LITE orders are generally routed to select over-the-counter market-makers for handling. IBKR's agreements with the Market Makers provide Interactive Brokers payment for order flow from each |
Market Maker for trades executed with that Market Maker. |
CBOE BYX Exchange (BATY): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
September 2020 |
Non-S&P 500 Stocks |
Summary |
Non-Directed Orders |
Market Orders as % of |
Marketable Limit |
Non-Marketable Limit |
Other Orders as % of |
as % of All Orders |
Non-Directed Orders |
Orders as % of Non- |
Orders as % of Non- |
Non-Directed Orders |
Directed Orders |
Directed Orders |
99.95 |
0 |
37.93 |
60.72 |
1.34 |
Venues |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
Nasdaq |
32.090000000000003 |
100 |
8.15 |
46.41 |
60.88 |
0 |
-1240 |
-27.713000000000001 |
2132 |
21.790700000000001 |
-59 |
-9.4014000000000006 |
Stock Market |
(XNAS) |
NYSE Arca |
18.260000000000002 |
0 |
3.82 |
27.6 |
4.1100000000000003 |
0 |
-571 |
-26.8338 |
322 |
15.041499999999999 |
-1 |
-15 |
(ARCX) |
New York |
12.11 |
0 |
1.36 |
18.68 |
19.03 |
0 |
-216 |
-23.066500000000001 |
532 |
14.3063 |
-10 |
-10.0343 |
Stock |
Exchange |
(XNYS) |
IBKR ATS |
10.130000000000001 |
0 |
26.22 |
0.3 |
0 |
0 |
0 |
0 |
0 |
(IATS) |
IEX (IEXD) |
3.78 |
0 |
7.9 |
1.28 |
0.76 |
0 |
-16 |
-6.8853999999999997 |
-4 |
-6.5640999999999998 |
0 |
-5 |
Citadel |
3.5 |
0 |
9.23 |
0 |
0 |
0 |
0 |
0 |
0 |
Securities |
(CDED) |
CBOE EDGX |
3.04 |
0 |
4.7 |
1.84 |
10.050000000000001 |
0 |
-800 |
-25.685099999999998 |
41 |
12.393800000000001 |
-4 |
-7.4187000000000003 |
Exchange |
(EDGX) |
UBS ATS |
3.03 |
0 |
7.98 |
0 |
0 |
0 |
0 |
0 |
0 |
(UBSA) |
CBOE BYX |
2.2999999999999998 |
0 |
2.23 |
2.36 |
1.37 |
0 |
41 |
4.4568000000000003 |
0 |
-2.6339000000000001 |
0 |
Exchange |
(BATY) |
Hudson River |
2.09 |
0 |
5.52 |
0 |
0 |
0 |
0 |
0 |
0 |
Trading |
(HRTX) |
Material Aspects5 |
Nasdaq Stock Market (XNAS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
NYSE Arca (ARCX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
New York Stock Exchange (XNYS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
IBKR ATS (IATS): |
IBKR operates the IBKR ATS in accordance with SEC Regulation ATS, on which it executes IBKR client orders against each other or against one or more professional liquidity providers who send orders into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange |
fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/ |
regulatoryreports. |
Citadel Securities (CDED): |
IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKR-LITE orders are generally routed to select over-the-counter market-makers for handling. IBKR's agreements with the Market Makers provide Interactive Brokers payment for order flow from each |
Market Maker for trades executed with that Market Maker. |
CBOE EDGX Exchange (EDGX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
CBOE BYX Exchange (BATY): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
September 2020 |
Options |
Summary |
Non-Directed Orders |
Market Orders as % of |
Marketable Limit |
Non-Marketable Limit |
Other Orders as % of |
as % of All Orders |
Non-Directed Orders |
Orders as % of Non- |
Orders as % of Non- |
Non-Directed Orders |
Directed Orders |
Directed Orders |
99.88 |
0.31 |
11.42 |
62.52 |
25.75 |
Venues |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
NYSE Arca |
13.53 |
5.15 |
6.03 |
15.26 |
12.76 |
-32 |
-43.833300000000001 |
-444 |
-52.493499999999997 |
724 |
60.312199999999997 |
235 |
44.444200000000002 |
Options |
(ARCO) |
Cboe EDGX |
12.88 |
8.25 |
8.49 |
8.25 |
26.11 |
13 |
21 |
214 |
18.810199999999998 |
611 |
20.782299999999999 |
660 |
55.555599999999998 |
Options |
Exchange |
(EDGO) |
MIAX Emerald |
12.49 |
4.12 |
1.35 |
14.28 |
13.19 |
5 |
21.8095 |
-73 |
-46 |
1101 |
43.881300000000003 |
154 |
30.354299999999999 |
Exchange |
(EMLD) |
Chicago |
12.48 |
1.03 |
9.92 |
15.18 |
7.2 |
0 |
77 |
7.7552000000000003 |
418 |
9.7498000000000005 |
14 |
15.5625 |
Board Options |
Exchange |
(XCBO) |
Nasdaq |
10.8 |
0 |
7.8 |
15.85 |
0 |
0 |
-834 |
-46.438800000000001 |
1972 |
45.347999999999999 |
0 |
Options |
Market |
(XNDQ) |
CBOE C2 |
9.7200000000000006 |
15.46 |
2.76 |
8.51 |
15.68 |
0 |
-12 |
-236 |
-42.037399999999998 |
385 |
41.862000000000002 |
70 |
19.247900000000001 |
Exchange |
(C2OX) |
Nasdaq |
6.78 |
2.06 |
1.71 |
10.52 |
0 |
0 |
40 |
-172 |
-50.354799999999997 |
963 |
47.545699999999997 |
0 |
GEMX (GMNI) |
Nasdaq ISE |
5.55 |
51.55 |
3.17 |
2.52 |
13.4 |
-75 |
-37.328400000000002 |
-67 |
-19.1724 |
149 |
85.017099999999999 |
272 |
46.348100000000002 |
(XISX) |
Venue - |
Non- |
Market |
Marketable |
Non- |
Other |
Net Payment |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment Paid/ |
Net Payment |
Net Payment Paid/ |
Non-directed |
Directed |
Orders |
Limit Orders |
Marketable |
Orders |
Paid/Received for |
Received for Market |
Received for |
Received for |
Received for Non- |
Received for Non- |
Paid/Received for |
Received for Other |
Order Flow |
Orders (%) |
(%) |
(%) |
Limit Orders |
(%) |
Market |
Orders(cents per |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Marketable Limit |
Other |
Orders(cents per |
(%) |
Orders(USD) |
hundred shares) |
Orders(USD) |
Orders(cents per |
Orders(USD) |
Orders(cents per |
Orders(USD) |
hundred shares) |
hundred shares) |
hundred shares) |
Cboe BFX |
5.43 |
0 |
4.93 |
7.79 |
0 |
0 |
-728 |
-52.581200000000003 |
1001 |
79.804599999999994 |
0 |
Options |
Exchange |
(BATS) |
Nasdaq MRX |
4.46 |
0 |
37.75 |
0.05 |
0.45 |
0 |
1141 |
18.953700000000001 |
4 |
13.8462 |
0 |
(MCRY) |
Material Aspects5 |
NYSE Arca Options (ARCO): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Cboe EDGX Options Exchange (EDGO): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
MIAX Emerald Exchange (EMLD): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Chicago Board Options Exchange (XCBO): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq Options Market (XNDQ): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
CBOE C2 Exchange (C2OX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq GEMX (GMNI): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq ISE (XISX): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Cboe BFX Options Exchange (BATS): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
Nasdaq MRX (MCRY): |
IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on |
particular markets, but typically will not pass these enhancements directly to clients. |
False
False
False
False
False
False