Order Routing

JonesTrading Institutional Services LLC (JonesTrading) is using its internet site to make publicly available its order routing practices pursuant to Rule 606 (Formerly known as Rule 11Ac1-6).

These quarterly reports will be made available within one month after the end of the quarter addressed in the report.


Report Period: 4th QTR, 2016


Securities Listed on NYSE

Summary Statistics:
(As percentage of total customer orders and non-directed orders):

Order Type Percentage
Non-directed 100%
Market orders 0%
Limit orders 0%
Other orders 100%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Venue Percentage
Knight Execution & Clearing Services26.07%
NASDAQ11.61%
Clearpool Execution Services, LLC11.47%
UBS Securities, LLC11.43%
Bank Of America Merrill Lynch9.43%
Vandham Securities Corp6.94%
Convergex Execution Solutions5.67%
Goldman Sachs Execution & Clearing, L.P.5.35%
NYSE4.02%
Archipelago Stock Exchange3.89%
Credit Suisse First Boston Corporation2.50%
Chicago Stock Exchange1.29%
J.P. Morgan Securities LLC0.26%
EBX LLC0.05%
ITG, Inc.0.01%
Electronic Brokerage Systems, LLC0.01%

Information Concerning Significant Venues Types of Orders Routed to Venue:

    Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship
w/ this Venue
1Knight Execution & Clearing Services0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
2NASDAQ0.00%0.00%100.00%As of November 1, 2002, JonesTrading is party to Instinet's standard Schedule of Transaction Fees for US broker-dealers. Under this schedule, JonesTrading is charged for routing U.S. Equities that take liquidity from the system and is rebated for U.S. Equities and Exchange Traded Funds (ETFs) shares that provide liquidity to the system.
3Clearpool Execution Services, LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
4UBS Securities, LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
5Bank Of America Merrill Lynch0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
6Convergex Execution Solutions0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
7Goldman Sachs Execution & Clearing, L.P.0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
8NYSE0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
9Archipelago Stock Exchange0.00%0.00%100.00%As of January 15, 2003, JonesTrading Institutional Services LLC. (JonesTrading) is party to Archipelago's standard Schedule of Transaction Fees for US broker-dealers. Under this schedule JonesTrading is charged for routing OTC and listed shares that take liquidity from the system and is rebated for OTC and Exchange Traded Funds (ETFs) shares that provide liquidity to the system.
10Vandham Securities Corp0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
11Credit Suisse First Boston Corporation0.00%0.00%100.00%JonesTrading is party to CSFB’s standard Schedule of Transaction Fees for US broker-dealers. Under this schedule, JonesTrading is charged for routing U.S. Equities that take liquidity from the system and is rebated for U.S. Equities and Exchange Traded Funds (ETFs) shares that provide liquidity to the system.
12Chicago Stock Exchange0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
13J.P. Morgan Securities LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
14EBX LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
15ITG, Inc.0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
16Electronic Brokerage Systems, LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.

Securities Listed on NASDAQ

Summary Statistics:
(As percentage of total customer orders and non-directed orders):

Order Type Percentage
Non-directed 100%
Market orders 0%
Limit orders 0%
Other orders 100%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Venue Percentage
Knight Execution & Clearing Services51.81%
Bank Of America Merrill Lynch16.84%
Clearpool Execution Services, LLC6.10%
NASDAQ5.91%
Credit Suisse First Boston Corporation5.62%
UBS Securities, LLC4.90%
Vandham Securities Corp4.19%
Archipelago Stock Exchange1.74%
Goldman Sachs Execution & Clearing, L.P.1.70%
Convergex Execution Solutions0.82%
Alternative Execution Group0.17%
Chicago Stock Exchange0.09%
J.P. Morgan Securities LLC0.06%
Electronic Brokerage Systems, LLC0.05%
EBX LLC0.01%
ITG, Inc.0.00%
Instinet, LLC0.00%

Information Concerning Significant Venues Types of Orders Routed to Venue:

    Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship
w/ this Venue
1 Knight Execution & Clearing Services0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
2 Bank Of America Merrill Lynch0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
3 Clearpool Execution Services, LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
4 NASDAQ0.00%0.00%100.00%As of November 1, 2002, JonesTrading is party to Instinet's standard Schedule of Transaction Fees for US broker-dealers. Under this schedule, JonesTrading is charged for routing U.S. Equities that take liquidity from the system and is rebated for U.S. Equities and Exchange Traded Funds (ETFs) shares that provide liquidity to the system.
5 Credit Suisse First Boston Corporation0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
6 UBS Securities, LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
7 Vandham Securities Corp0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
8 Archipelago Stock Exchange0.00%0.00%100.00%As of January 15, 2003, JonesTrading Institutional Services LLC. (JonesTrading) is party to Archipelago's standard Schedule of Transaction Fees for US broker-dealers. Under this schedule JonesTrading is charged for routing OTC and listed shares that take liquidity from the system and is rebated for OTC and Exchange Traded Funds (ETFs) shares that provide liquidity to the system.
9 Goldman Sachs Execution & Clearing, L.P.0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
10 Convergex Execution Solutions0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
11 Alternative Execution Group0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
12 Chicago Stock Exchange0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
13 J.P. Morgan Securities LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
14 Electronic Brokerage Systems, LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
15 EBX LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
16 ITG, Inc.0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
17 Instinet, LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.

Securities Listed on AMEX/OTHER Exchanges

Summary Statistics:
(As percentage of total customer orders and non-directed orders):

Order Type Percentage
Non-directed 100%
Market orders 0%
Limit orders 0%
Other orders 100%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Venue Percentage
Knight Execution & Clearing Services57.82%
Bank Of America Merrill Lynch18.57%
Goldman Sachs Execution & Clearing, L.P.4.63%
NASDAQ4.59%
UBS Securities, LLC4.36%
Credit Suisse First Boston Corporation4.26%
Archipelago Stock Exchange2.05%
Clearpool Execution Services, LLC1.86%
Vandham Securities Corp1.59%
American Stock Exchange0.17%
Convergex Execution Solutions0.08%
EBX LLC0.01%
Chicago Stock Exchange0.00%
J.P. Morgan Securities LLC0.00%
Stifel, Nicolaus & Company0.00%

Information Concerning Significant Venues Types of Orders Routed to Venue:

   Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship
w/ this Venue
1 Knight Execution & Clearing Services0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
2 Bank Of America Merrill Lynch0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
3 Goldman Sachs Execution & Clearing, L.P.0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
4 NASDAQ0.00%0.00%100.00%As of November 1, 2002, JonesTrading is party to Instinet's standard Schedule of Transaction Fees for US broker-dealers. Under this schedule, JonesTrading is charged for routing U.S. Equities that take liquidity from the system and is rebated for U.S. Equities and Exchange Traded Funds (ETFs) shares that provide liquidity to the system.
5 UBS Securities, LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
6 Credit Suisse First Boston Corporation0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
7 Archipelago Stock Exchange0.00%0.00%100.00%As of January 15, 2003, JonesTrading Institutional Services LLC. (JonesTrading) is party to Archipelago's standard Schedule of Transaction Fees for US broker-dealers. Under this schedule JonesTrading is charged for routing OTC and listed shares that take liquidity from the system and is rebated for OTC and Exchange Traded Funds (ETFs) shares that provide liquidity to the system.
8 Clearpool Execution Services, LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
9 Vandham Securities Corp0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
10 American Stock Exchange0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
11 Convergex Execution Solutions0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
12 EBX LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
13 Chicago Stock Exchange0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
14 J.P. Morgan Securities LLC0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
15 Stifel, Nicolaus & Company0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.

Exchange Listed Options

Summary Statistics:
(As percentage of total customer orders and non-directed orders):

Order Type Percentage
Non-directed 100%
Market orders 0%
Limit orders 0%
Other orders 100%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

Venue Percentage
PCX ( (P) Pacific Exchange )37.32%
DASH ( (D) Dash Financial Options )34.32%
CBOE ( (C) Chicago Board Options Exchange )18.19%
AMEX ( (A) American Stock Exchange )4.40%
GSCO ( (G) Goldman Sachs, & Co )4.02%
PHLX ( (X) Philadelphia Stock Exchange )1.75%

Information Concerning Significant Venues Types of Orders Routed to Venue:

    Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship
w/ this Venue
1 PCX ( (P) Pacific Exchange )0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
2 DASH ( (D) Dash Financial Options ) 0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
3 CBOE ( (C) Chicago Board Options Exchange )0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
4 AMEX ( (A) American Stock Exchange )0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
5 GSCO ( (G) Goldman Sachs, & Co )0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.
6 PHLX ( (X) Philadelphia Stock Exchange )0.00%0.00%100.00%JonesTrading does not have a profit sharing arrangement with or receive payment for order flow from this venue/market center.

Customers may request the identity of the venue where specific orders were routed for execution for any order in the previous six (6) months by sending a written request to:

JonesTrading Institutional Services
Attn: Compliance Department
32133 Lindero Canyon Road
Suite 208
Westlake Village, CA 91361

Please include the security and trade date with your request.