1.2
TD Ameritrade Clearing, Inc.
2020
3
2020-10-12T20:54:12Z
2020
07
99.99
22.81
6.84
36.45
33.90
Citadel Execution Services
31.89
39.66
37.81
17.64
40.78
1012586
12.0000
293330
12.0000
471157
33.8600
132201
9.7700
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Virtu Americas, LLC
30.72
33.12
30.38
13.31
47.89
799254
12.0000
229778
12.0000
651561
33.6500
127411
9.5900
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
UBS Securities, LLC
16.23
0.93
4.42
41.74
1.47
23686
12.0000
13550
12.0000
664539
32.0000
1244
12.3700
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
G1 Execution Services
13.91
24.81
24.04
11.37
7.28
636105
12.0000
171136
12.0000
394112
36.7000
28904
12.4200
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Two Sigma Securities, LLC
5.93
0.97
2.86
14.70
0.45
23462
12.0000
9617
12.0000
137644
33.6700
1333
12.5300
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
99.99
22.83
9.93
36.22
31.02
Virtu Americas, LLC
32.09
33.31
30.99
16.96
49.20
2672476
12.0000
1762845
12.0000
2621191
25.6300
863939
7.9500
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Citadel Execution Services
31.67
39.11
37.26
17.16
41.35
3262049
12.0000
2195490
12.0000
1754041
25.4100
880443
8.1000
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
UBS Securities, LLC
16.54
1.01
4.16
43.21
0.80
85497
12.0000
103172
12.0000
2729443
26.8900
6860
12.0100
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
G1 Execution Services
12.95
25.06
24.35
8.31
5.81
2093189
12.0000
1256149
12.0000
1262034
23.4600
149199
12.0700
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Two Sigma Securities, LLC
5.08
1.01
2.76
12.36
0.31
82203
12.0000
78438
12.0000
569869
25.6100
6005
12.0300
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
99.82
6.72
13.07
61.76
18.45
Citadel Execution Services
44.61
44.53
44.32
44.96
43.67
1460960
59.6400
4045213
65.2900
4661719
59.9100
898455
51.0100
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Global Execution Brokers LP
31.60
43.72
43.08
30.11
24.04
1342189
60.8100
3651801
66.6100
3035996
59.9100
419883
52.4700
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Dash/IMC
10.03
4.08
4.54
10.01
16.14
147008
65.0100
470647
76.2000
982697
59.8800
283055
48.3700
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle. In connection with Dash Financial’s handling of TD Ameritrade’s listed option orders, Dash has
arrangements with multiple unaffiliated liquidity providers, including IMC Chicago, designed to facilitate liquidity and price improvement opportunities. Pursuant to these arrangements, Dash routes listed option orders to exchanges and preferences the liquidity providers consistent with
exchange sponsored programs. It is noted that these liquidity providers provide Dash with remuneration in connection with TD Ameritrade’s listed option orders, including reciprocal order flow consideration or payment per contract in return for TD Ameritrade’s listed option orders that
Dash routes or directs.
Wolverine Execution Services
8.11
4.07
4.42
10.96
2.66
117239
53.8600
343271
59.6400
1064522
59.9100
47776
46.9000
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
2020
08
100.00
23.66
7.22
35.39
33.73
Citadel Execution Services
32.68
39.27
37.57
17.74
42.70
898687
12.0000
254978
12.0000
389237
33.8000
111980
10.1800
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Virtu Americas, LLC
29.73
32.31
29.42
13.58
44.91
695982
12.0000
189934
12.0000
529316
33.6400
101168
9.9500
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
UBS Securities, LLC
16.17
0.97
4.38
42.82
1.41
22431
12.0000
12088
12.0000
573983
32.0100
1195
12.3100
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
G1 Execution Services
14.55
25.97
25.36
10.54
8.45
594791
12.0000
156097
12.0000
329279
36.6800
27611
12.3700
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Two Sigma Securities, LLC
5.51
0.98
2.77
13.94
0.44
20808
12.0000
9240
12.0000
119888
33.6500
896
12.3100
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
99.99
22.28
9.86
35.46
32.40
Citadel Execution Services
32.56
39.13
37.28
17.40
43.19
2593151
12.0000
1784393
12.0000
1458521
27.0500
730311
8.3900
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Virtu Americas, LLC
31.33
32.41
30.00
16.53
47.19
2053195
12.0000
1379414
12.0000
2137942
27.1900
658058
8.1600
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
UBS Securities, LLC
16.38
0.99
4.15
43.70
0.79
65378
12.0000
84286
12.0000
2258322
27.9800
5355
12.1000
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
G1 Execution Services
13.19
25.98
25.39
8.25
6.08
1738330
12.0000
1066368
12.0000
1084458
25.6000
127868
12.1400
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
99.81
6.85
13.59
59.54
20.02
Citadel Execution Services
45.13
44.46
44.38
45.45
44.92
1487605
62.2600
4373816
66.5900
4594235
61.0300
1001064
51.3500
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Global Execution Brokers LP
32.26
44.73
44.06
30.72
24.58
1411479
63.3400
3992883
67.5400
2964463
61.0300
482216
53.5000
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Dash/IMC
9.99
4.14
4.57
10.00
15.65
166094
72.5600
507273
80.0600
942211
60.9500
322187
48.2100
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle. In connection with Dash Financial’s handling of TD Ameritrade’s listed option orders, Dash has
arrangements with multiple unaffiliated liquidity providers, including IMC Chicago, designed to facilitate liquidity and price improvement opportunities. Pursuant to these arrangements, Dash routes listed option orders to exchanges and preferences the liquidity providers consistent with
exchange sponsored programs. It is noted that these liquidity providers provide Dash with remuneration in connection with TD Ameritrade’s listed option orders, including reciprocal order flow consideration or payment per contract in return for TD Ameritrade’s listed option orders that
Dash routes or directs.
Wolverine Execution Services
7.81
4.01
4.28
10.78
2.67
117809
56.2200
347403
59.7000
1008688
61.0300
55023
47.2700
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
2020
09
99.99
24.48
7.27
35.55
32.69
Citadel Execution Services
33.68
39.15
37.12
17.62
46.29
983843
12.0000
270207
12.0000
442086
33.8400
135080
10.2400
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Virtu Americas, LLC
28.34
32.40
29.50
14.82
39.75
771579
12.0000
211950
12.0000
608544
33.6400
88088
9.5600
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
UBS Securities, LLC
16.50
0.99
4.76
43.41
1.45
24642
12.0000
13747
12.0000
643311
32.0200
975
12.3900
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
G1 Execution Services
14.62
25.67
24.97
9.40
9.71
650627
12.0000
164958
12.0000
411456
36.7000
35809
12.3300
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Two Sigma Securities, LLC
5.25
0.99
2.92
13.13
0.39
22908
12.0000
9344
12.0000
133304
33.7200
513
13.1000
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
99.99
25.45
8.95
34.24
31.36
Citadel Execution Services
33.52
38.78
36.97
17.23
46.05
2942180
12.0000
1440540
12.0000
1250625
27.5300
629278
8.8700
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Virtu Americas, LLC
30.42
33.01
30.80
17.22
42.62
2406730
12.0000
1176351
12.0000
1917470
27.6400
449648
8.0800
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
UBS Securities, LLC
15.96
0.99
4.17
43.91
0.95
74300
12.0000
68511
12.0000
2018088
28.3400
4555
12.1600
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
G1 Execution Services
13.73
25.46
24.64
7.84
7.55
1967534
12.0000
869837
12.0000
904827
26.1600
147866
12.0900
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed equity order flow to market makers. The rates paid vary by the characteristics of the order (e.g., size of order, price of security, marketability), but all market makers pay TD Ameritrade the same rate
applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
99.80
7.26
13.08
59.67
19.99
Citadel Execution Services
45.06
44.45
44.47
45.41
44.60
1579777
61.2300
4029080
64.9300
4976802
59.7100
999118
50.6700
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Global Execution Brokers LP
32.18
44.77
43.95
30.70
24.32
1508421
62.1100
3732245
66.1000
3207416
59.7100
502473
52.4600
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.
Dash/IMC
9.94
4.06
4.59
9.96
15.52
168487
72.4500
476305
75.8200
1008172
59.7100
335756
48.7900
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle. In connection with Dash Financial’s handling of TD Ameritrade’s listed option orders, Dash has
arrangements with multiple unaffiliated liquidity providers, including IMC Chicago, designed to facilitate liquidity and price improvement opportunities. Pursuant to these arrangements, Dash routes listed option orders to exchanges and preferences the liquidity providers consistent with
exchange sponsored programs. It is noted that these liquidity providers provide Dash with remuneration in connection with TD Ameritrade’s listed option orders, including reciprocal order flow consideration or payment per contract in return for TD Ameritrade’s listed option orders that
Dash routes or directs.
Wolverine Execution Services
7.96
4.11
4.40
10.95
2.78
128121
55.0200
345029
58.7500
1128975
59.7100
58780
45.1400
As detailed above, TD Ameritrade Clearing, Inc. receives payment for routing listed option order flow to market makers. The rates paid vary by the characteristics of the order (e.g., type of order, pricing of security, market conditions, marketability), but all market makers pay TD Ameritrade
the same rate applicable to any given order. Any difference in average net per share payments paid by market makers is due to the various type of orders and respective quantities they handle.