A2E_Engine
Richard Wenzel
2021-11-01T13:28:12Z
2021-11-01T17:26:56Z
Investintech
16.00
8040
21570
32767
32767
False
False
| ZacksTrade - Held NMS Stocks and Options Order Routing Public Report |
| Generated on Thu Jul 29 2021 16:53:31 GMT-0400 (EDT) |
| 2nd Quarter, 2021 |
| April 2021 |
| 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 |
| 99.78 |
0.01 |
17.11 |
82.47 |
0.41 |
| 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 |
31.56 |
100 |
8.2100000000000009 |
36.35 |
40.380000000000003 |
0 |
-29 |
-21.304600000000001 |
261 |
26.915800000000001 |
0 |
-0.80769999999999997 |
| Stock Market |
| (XNAS) |
| CBOE EDGX |
29.37 |
0 |
2.5499999999999998 |
35.04 |
7.69 |
0 |
-13 |
-18.5473 |
11 |
18.353100000000001 |
0 |
2.2222 |
| Exchange |
| (EDGX) |
| New York |
17.64 |
0 |
1.3 |
20.86 |
51.92 |
0 |
-4 |
-20.472000000000001 |
58 |
18.354900000000001 |
0 |
-1.9033 |
| Stock |
| Exchange |
| (XNYS) |
| IBKR ATS |
5.74 |
0 |
33.130000000000003 |
0.09 |
0 |
0 |
0 |
0 |
0 |
| (IATS) |
| NYSE Arca |
4.78 |
0 |
3.67 |
5.04 |
0 |
0 |
-14 |
-22.0305 |
2 |
22.563199999999998 |
0 |
| (ARCX) |
| IEX (IEXG) |
1.88 |
0 |
6.77 |
0.88 |
0 |
0 |
0 |
-1.1403000000000001 |
0 |
0 |
| Material Aspects: |
| 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. |
| 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. |
| 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. |
| 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. |
| April 2021 |
| 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 |
| 99.99 |
0 |
22.24 |
76.92 |
0.83 |
| 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 Stock |
24.69 |
100 |
7.21 |
29.35 |
61.75 |
0 |
-736 |
-25.824400000000001 |
2166 |
22.223299999999998 |
-34 |
-9.3009000000000004 |
| Market (XNAS) |
| CBOE EDGX |
22.52 |
0 |
4.3499999999999996 |
27.89 |
11.19 |
0 |
-506 |
-24.961600000000001 |
554 |
19.517499999999998 |
-9 |
-10.853400000000001 |
| Exchange |
| (EDGX) |
| NYSE Arca |
18.440000000000001 |
0 |
4.79 |
22.55 |
3.17 |
0 |
-550 |
-27.8337 |
149 |
24.175899999999999 |
0 |
-5.9302000000000001 |
| (ARCX) |
| New York Stock |
12.91 |
0 |
1.24 |
16.23 |
17.54 |
0 |
-143 |
-25.098800000000001 |
527 |
16.354099999999999 |
-8 |
-7.2525000000000004 |
| Exchange |
| (XNYS) |
| IBKR ATS (IATS) |
4.93 |
0 |
21.72 |
0.13 |
0 |
0 |
0 |
0 |
0 |
| IEX (IEXD) |
2.4500000000000002 |
0 |
7.99 |
0.87 |
0.75 |
0 |
-8 |
-2.0274999999999999 |
0 |
0 |
| UBS ATS (UBSA) |
2.0099999999999998 |
0 |
9.0500000000000007 |
0 |
0 |
0 |
0 |
0 |
0 |
| Citadel |
1.84 |
0 |
8.2799999999999994 |
0 |
0 |
0 |
0 |
0 |
0 |
| Securities |
| "PRO" (CDRG) |
| CBOE BYX |
1.84 |
0 |
2.7 |
1.6 |
1.31 |
0 |
18 |
1.879 |
-4 |
-4.9850000000000003 |
0 |
2 |
| Exchange |
| (BATY) |
| Material Aspects: |
| 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. |
| 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. |
| 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 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. |
| April 2021 |
| 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 |
| 99.72 |
0.11 |
6.55 |
49.87 |
43.48 |
| 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) |
| CBOE C2 |
19.98 |
0 |
4.33 |
8.1199999999999992 |
35.99 |
0 |
-235 |
-41.892899999999997 |
314 |
38.116599999999998 |
330 |
19.665900000000001 |
| Exchange |
| (C2OX) |
| NYSE Arca |
15.52 |
24.14 |
5.75 |
21.84 |
9.7200000000000006 |
1 |
9.2857000000000003 |
-187 |
-52.321199999999997 |
271 |
58.751100000000001 |
330 |
38.171100000000003 |
| Options |
| (ARCO) |
| Chicago |
15.39 |
0 |
4.2699999999999996 |
21.98 |
9.5399999999999991 |
0 |
35 |
9.9605999999999995 |
249 |
7.8554000000000004 |
-35 |
-11.483000000000001 |
| Board Options |
| Exchange |
| (XCBO) |
| Nasdaq |
9.5 |
0 |
8.43 |
17.95 |
0 |
0 |
-272 |
-48.4724 |
829 |
52.403500000000001 |
0 |
| Options |
| Market |
| (XNDQ) |
| Cboe EDGX |
8.57 |
0 |
6.67 |
2.98 |
15.3 |
0 |
115 |
23.072399999999998 |
108 |
19.584700000000002 |
437 |
43.788600000000002 |
| Options |
| Exchange |
| (EDGO) |
| Nasdaq |
6.64 |
13.79 |
3.76 |
12.8 |
0 |
1 |
40 |
-101 |
-55.9 |
682 |
49.219299999999997 |
0 |
| GEMX (GMNI) |
| Nasdaq ISE |
5.83 |
62.07 |
4.33 |
1.69 |
10.66 |
-1 |
-5.2857000000000003 |
13 |
6.0286 |
194 |
85.619500000000002 |
245 |
41.5959 |
| (XISX) |
| MIAX Emerald |
5.49 |
0 |
2.0499999999999998 |
0.1 |
12.21 |
0 |
-79 |
-63.467700000000001 |
1 |
28.666699999999999 |
205 |
28.200500000000002 |
| Exchange |
| (EMLD) |
| Cboe BZX |
4.79 |
0 |
3.7 |
9.1199999999999992 |
0 |
0 |
-143 |
-53.981099999999998 |
558 |
74.364800000000002 |
0 |
| Options |
| Exchange |
| 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) |
| (BATS) |
| Material Aspects: |
| 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. |
| 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. |
| 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 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. |
| 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. |
| 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. |
| Cboe BZX 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. |
| May 2021 |
| 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 |
| 99.94 |
0 |
23.68 |
75.92 |
0.4 |
| 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) |
| 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 EDGX |
29.24 |
2.89 |
37.53 |
15.09 |
0 |
-54 |
-21.555700000000002 |
8 |
15.692399999999999 |
0 |
-10.0755 |
| Exchange |
| (EDGX) |
| Nasdaq |
25.93 |
5.78 |
32.15 |
39.619999999999997 |
0 |
-68 |
-28.3139 |
265 |
26.672799999999999 |
0 |
-2.9942000000000002 |
| Stock Market |
| (XNAS) |
| New York |
16.82 |
1.75 |
21.38 |
43.4 |
0 |
-13 |
-24.211200000000002 |
177 |
19.627600000000001 |
-2 |
-8.6729000000000003 |
| Stock |
| Exchange |
| (XNYS) |
| IBKR ATS |
6.99 |
29.42 |
0.03 |
0 |
0 |
0 |
0 |
0 |
| (IATS) |
| NYSE Arca |
5.73 |
4.03 |
6.3 |
0 |
0 |
-43 |
-28.5044 |
6 |
24.257999999999999 |
0 |
| (ARCX) |
| IEX (IEXG) |
2.5299999999999998 |
7.97 |
0.85 |
0 |
0 |
-8 |
-7.2826000000000004 |
0 |
-8.9029000000000007 |
0 |
| Cudson |
2.13 |
8.98 |
0 |
0 |
0 |
0 |
0 |
0 |
| River Trading |
| (CRTX) |
| CBOE EDGA |
1.85 |
7.74 |
0.02 |
0 |
0 |
26 |
17.675699999999999 |
-1 |
-10 |
0 |
| Exchange |
| (EDGA) |
| Material Aspects: |
| 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. |
| 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. |
| 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. |
| CBOE EDGA Exchange (EDGA): |
| 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. |
| May 2021 |
| 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 |
| 99.92 |
0 |
24.41 |
74.75 |
0.84 |
| 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) |
| CBOE EDGX |
22.3 |
0 |
4.6900000000000004 |
28.06 |
21.16 |
0 |
-745 |
-22.981999999999999 |
180 |
18.326799999999999 |
-11 |
-12.433400000000001 |
| Exchange |
| (EDGX) |
| Nasdaq |
21.85 |
100 |
8.25 |
25.95 |
52.03 |
0 |
-1059 |
-29.107399999999998 |
2811 |
24.171299999999999 |
-43 |
-9.1689000000000007 |
| Stock Market |
| (XNAS) |
| NYSE Arca |
19.45 |
0 |
5.01 |
24.34 |
4.76 |
0 |
-806 |
-28.3858 |
308 |
26.511700000000001 |
-3 |
-14.545199999999999 |
| (ARCX) |
| New York |
13.22 |
0 |
2.61 |
16.66 |
15.34 |
0 |
-740 |
-27.585899999999999 |
2473 |
18.109400000000001 |
-6 |
-5.9161000000000001 |
| Stock |
| Exchange |
| (XNYS) |
| IBKR ATS |
4.58 |
0 |
18.62 |
0.05 |
0 |
0 |
0 |
0 |
0 |
| (IATS) |
| IEX (IEXD) |
2.82 |
0 |
8 |
1.1399999999999999 |
1.76 |
0 |
-53 |
-6.7225000000000001 |
-25 |
-8.407 |
-1 |
-8.8125 |
| CBOE BYX |
2.14 |
0 |
2.62 |
2.0099999999999998 |
0.35 |
0 |
22 |
1.9000999999999999 |
-3 |
-1.9657 |
0 |
| Exchange |
| (BATY) |
| Cudson |
1.92 |
0 |
7.88 |
0 |
0 |
0 |
0 |
0 |
0 |
| River Trading |
| (CRTX) |
| UBS ATS |
1.91 |
0 |
7.84 |
0 |
0 |
0 |
0 |
0 |
0 |
| (UBSA) |
| Material Aspects: |
| 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. |
| 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 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. |
| May 2021 |
| 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 |
| 99.65 |
0.2 |
7.42 |
48.49 |
43.88 |
| 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) |
| CBOE C2 |
17.3 |
4.6500000000000004 |
3.85 |
11.44 |
26.12 |
0 |
-195 |
-43.0929 |
240 |
42.177799999999998 |
-587 |
-14.832700000000001 |
| Exchange |
| (C2OX) |
| NYSE Arca |
16.829999999999998 |
37.21 |
6.04 |
24.89 |
9.65 |
5 |
75 |
-205 |
-55.634099999999997 |
458 |
71.0745 |
1011 |
41.247199999999999 |
| Options |
| (ARCO) |
| Chicago |
12.02 |
2.33 |
4.6900000000000004 |
18.11 |
6.58 |
0 |
15 |
4.1410999999999998 |
162 |
7.5834000000000001 |
25 |
3.6898 |
| Board Options |
| Exchange |
| (XCBO) |
| Nasdaq |
9.39 |
0 |
7.19 |
18.260000000000002 |
0 |
0 |
-351 |
-50.312800000000003 |
691 |
50.487900000000003 |
0 |
| Options |
| Market |
| (XNDQ) |
| Cboe EDGX |
8.65 |
0 |
8.61 |
2.81 |
15.14 |
0 |
99 |
25.433800000000002 |
68 |
17.079999999999998 |
537 |
51.166600000000003 |
| Options |
| Exchange |
| (EDGO) |
| Nasdaq PCLX |
8.3000000000000007 |
0 |
2.89 |
3.65 |
14.4 |
0 |
16 |
8.1356999999999999 |
0 |
-6.4100000000000004E-2 |
0 |
| (XPCL) |
| MIAX Emerald |
6.72 |
0 |
1.28 |
0 |
15.1 |
0 |
-30 |
-48.1905 |
0 |
337 |
32.272300000000001 |
| Exchange |
| (EMLD) |
| Nasdaq ISE |
6.32 |
37.21 |
4.6900000000000004 |
2.0499999999999998 |
11.18 |
-1 |
-3.0832999999999999 |
28 |
11.0288 |
61 |
81.413300000000007 |
511 |
46.793199999999999 |
| (XISX) |
| Nasdaq |
6.06 |
16.28 |
3.6 |
11.87 |
0 |
0 |
-122 |
-50.61 |
611 |
51.017499999999998 |
0 |
| GEMX (GMNI) |
| Material Aspects: |
| 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. |
| 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. |
| 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 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. |
| Nasdaq PCLX (XPCL): |
| 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. |
| 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. |
| 5une 2021 |
| 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 |
| 99.9 |
0 |
19.02 |
80.790000000000006 |
0.19 |
| 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) |
| CBOE EDGX |
31.91 |
2.6 |
38.869999999999997 |
6.67 |
0 |
-73 |
-27.911899999999999 |
9 |
22.807500000000001 |
0 |
10 |
| Exchange |
| (EDGX) |
| Nasdaq |
23.16 |
5.5 |
27.26 |
46.67 |
0 |
-77 |
-27.868099999999998 |
363 |
27.8901 |
0 |
-3.9E-2 |
| Stock Market |
| (XNAS) |
| New York |
19.13 |
1.1499999999999999 |
23.3 |
46.67 |
0 |
-5 |
-18.183499999999999 |
247 |
17.000699999999998 |
0 |
-0.20100000000000001 |
| Stock |
| Exchange |
| (XNYS) |
| NYSE Arca |
5.61 |
3.2 |
6.19 |
0 |
0 |
-36 |
-30 |
5 |
23.115400000000001 |
0 |
| (ARCX) |
| IBKR ATS |
4.82 |
25.32 |
0.01 |
0 |
0 |
0 |
0 |
0 |
| (IATS) |
| IEX (IEXG) |
2.42 |
5.56 |
1.69 |
0 |
0 |
-6 |
-6.8606999999999996 |
-9 |
-8.9164999999999992 |
0 |
| CBOE BYX |
2.2200000000000002 |
2.33 |
2.2000000000000002 |
0 |
0 |
1 |
1.6016999999999999 |
0 |
-0.53059999999999996 |
0 |
| Exchange |
| (BATY) |
| 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) |
| Cudson |
2 |
10.52 |
0 |
0 |
0 |
0 |
0 |
0 |
| River Trading |
| (CRTX) |
| Material Aspects: |
| 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. |
| 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. |
| 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. |
| 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 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. |
| 5une 2021 |
| 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 |
21.83 |
77.89 |
0.28000000000000003 |
| 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 |
25.54 |
0 |
5.48 |
31.22 |
10.08 |
0 |
-1151 |
-28.729800000000001 |
170 |
22.6189 |
-2 |
-7.9638 |
| (ARCX) |
| CBOE EDGX |
22.63 |
0 |
4.87 |
27.65 |
9.3000000000000007 |
0 |
-922 |
-26.7044 |
275 |
17.900500000000001 |
-1 |
-25.587299999999999 |
| Exchange |
| (EDGX) |
| Nasdaq Stock |
20.94 |
100 |
8.68 |
24.27 |
51.16 |
-15 |
-15 |
-1437 |
-29.0166 |
3140 |
23.206600000000002 |
-21 |
-6.109 |
| Market (XNAS) |
| 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) |
| New York Stock |
10.8 |
0 |
2.17 |
13.17 |
24.81 |
0 |
-245 |
-25.5366 |
781 |
17.322500000000002 |
-1 |
-1.5072000000000001 |
| Exchange |
| (XNYS) |
| IBKR ATS (IATS) |
4.08 |
0 |
18.43 |
0.08 |
0 |
0 |
0 |
0 |
0 |
| IEX (IEXG) |
2.2999999999999998 |
0 |
7.76 |
0.78 |
0 |
0 |
-52 |
-6.6642000000000001 |
-21 |
-8.8059999999999992 |
0 |
| UBS ATS (UBSA) |
1.82 |
0 |
8.34 |
0 |
0 |
0 |
0 |
0 |
0 |
| CBOE BYX |
1.59 |
0 |
2.14 |
1.43 |
0 |
0 |
23 |
1.8823000000000001 |
0 |
0.21909999999999999 |
0 |
| Exchange |
| (BATY) |
| Citadel |
1.47 |
0 |
6.72 |
0 |
0 |
0 |
0 |
0 |
0 |
| Securities |
| "PRO" (CDRG) |
| Material Aspects: |
| 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. |
| 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. |
| 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. |
| 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. |
| 5une 2021 |
| 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 |
0.16 |
7.7 |
48.46 |
43.68 |
| 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) |
| CBOE C2 |
18.36 |
5.88 |
3.08 |
12.25 |
27.88 |
0 |
42 |
-255 |
-40.132100000000001 |
427 |
40.783200000000001 |
-4603 |
-30.377800000000001 |
| Exchange |
| (C2OX) |
| NYSE Arca |
16.53 |
35.29 |
6.96 |
22.85 |
11.14 |
-7 |
-47.333300000000001 |
-309 |
-55.758099999999999 |
512 |
72.903099999999995 |
2535 |
39.493600000000001 |
| Options |
| (ARCO) |
| Chicago |
12.93 |
5.88 |
3.04 |
19.32 |
7.62 |
0 |
21 |
9.3445999999999998 |
352 |
8.7904 |
305 |
23.083100000000002 |
| Board Options |
| Exchange |
| (XCBO) |
| Cboe EDGX |
11.96 |
0 |
6.34 |
7.63 |
17.809999999999999 |
0 |
164 |
22.301500000000001 |
127 |
13.3725 |
502 |
48.046100000000003 |
| Options |
| Exchange |
| (EDGO) |
| MIAX Emerald |
6.82 |
0 |
1.83 |
0.03 |
15.27 |
0 |
-63 |
-45.035699999999999 |
3 |
85 |
1662 |
32.646799999999999 |
| Exchange |
| (EMLD) |
| Nasdaq |
6.13 |
0 |
9.84 |
11.1 |
0 |
0 |
-238 |
-49.627099999999999 |
521 |
48.329900000000002 |
0 |
| Options |
| Market |
| (XNDQ) |
| Nasdaq ISE |
5.99 |
37.25 |
5.42 |
2.1800000000000002 |
10.19 |
0 |
-24 |
-4.8704000000000001 |
127 |
84.291399999999996 |
436 |
36.791699999999999 |
| (XISX) |
| Nasdaq |
5.82 |
9.8000000000000007 |
4.09 |
11.32 |
0 |
3 |
80 |
-142 |
-54.293900000000001 |
507 |
50.953800000000001 |
0 |
| GEMX (GMNI) |
| Cboe BZX |
5.12 |
0 |
5.04 |
9.77 |
0 |
0 |
-222 |
-53.455399999999997 |
843 |
81.071799999999996 |
0 |
| Options |
| Exchange |
| (BATS) |
| Nasdaq PCLX |
4.76 |
3.92 |
3.25 |
2.44 |
7.61 |
0 |
41 |
13.545199999999999 |
0 |
-0.19350000000000001 |
0 |
| (XPCL) |
| Material Aspects: |
| 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. |
| 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. |
| 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 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. |
| 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. |
| 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 BZX 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 PCLX (XPCL): |
| 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