• Order Routing

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: 2nd QTR, 2014

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
UBS Securities, LLC 20.17%
Bank Of America Merrill Lynch 17.50%
Knight Execution & Clearing Services 13.08%
Barclays Capital, Inc. 12.73%
Credit Suisse First Boston Corporation 10.04%
Goldman Sachs Execution & Clearing, L.P. 9.83%
NASDAQ 6.43%
NYSE 3.87%
Archipelago Stock Exchange 3.57%
ITG, Inc. 0.71%
IEX Services, LLC 0.59%
Chicago Stock Exchange 0.39%
EBX LLC 0.38%
Lubucki & Co., LLC 0.33%
World-Xecution Strategies 0.14%
LEK Securities Corporation 0.08%
Divine Capital Markets, LLC 0.05%
Vandham Securities Corp 0.03%
Convergex Execution Solution 0.03%
Electronic Brokerage Systems, LLC 0.02%
XFA Securities LLC 0.01%
Alternative Execution Group 0.01%
Citadel Securities, LLC 0.00%

Information Concerning Significant Venues
Types of Orders Routed to Venue:

    Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship
w/ this Venue
1 UBS Securities, LLC 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 Bank Of America Merrill Lynch 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 Knight Execution & Clearing Services 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 Barclays Capital, 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.
5 Credit Suisse First Boston Corporation 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 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.
7 NASDAQ 0.00% 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.
8 NYSE 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.
9 Archipelago Stock Exchange 0.00% 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.
10 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.
11 IEX Services, LLC 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.
12 Chicago 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.
13 EBX LLC 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.
14 Lubucki & Co., LLC 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.
15 World-Xecution Strategies 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.
16 LEK Securities Corporation 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 Divine Capital Markets, LLC 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.
18 Vandham Securities Corp 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.
19 Convergex Execution Solution 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.
20 Electronic Brokerage Systems, LLC 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.
21 XFA Securities LLC 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.
22 Alternative Execution Group 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.
23 Citadel Securities, LLC 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.

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
Bank Of America Merrill Lynch 20.06%
UBS Securities, LLC 19.56%
Barclays Capital, Inc. 13.14%
Knight Execution & Clearing Services 11.10%
Credit Suisse First Boston Corporation 9.95%
Goldman Sachs Execution & Clearing, L.P. 9.82%
NASDAQ 8.38%
Archipelago Stock Exchange 4.81%
IEX Services, LLC 0.88%
Chicago Stock Exchange 0.70%
EBX LLC 0.43%
Lubucki & Co., LLC 0.38%
ITG, Inc. 0.26%
Pacific Crest Securities 0.11%
Electronic Brokerage Systems, LLC 0.11%
Stifl, Nicolaus & Company 0.07%
Raymond James & Associates 0.05%
Rafferty Capital Markets, LLC 0.04%
NYSE 0.04%
Divine Capital Markets, LLC 0.04%
The Benchmark Company, LLC 0.03%
World-Xecution Strategies 0.03%
Vandham Securities Corp 0.01%

Information Concerning Significant Venues
Types of Orders Routed to Venue:

    Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship
w/ this Venue
1 Bank Of America Merrill Lynch 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 UBS Securities, LLC 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 Barclays Capital, 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.
4 Knight Execution & Clearing Services 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 Credit Suisse First Boston Corporation 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 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.
7 NASDAQ 0.00% 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.
8 Archipelago Stock Exchange 0.00% 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 IEX Services, LLC 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 Chicago 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.
11 EBX LLC 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.
12 Lubucki & Co., LLC 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.
13 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.
14 Pacific Crest Securities 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.
15 Electronic Brokerage Systems, LLC 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.
16 Stifl, Nicolaus & Company 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 Raymond James & Associates 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.
18 Rafferty Capital Markets, LLC 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.
19 NYSE 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.
20 Divine Capital Markets, LLC 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.
21 The Benchmark Company, LLC 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.
22 World-Xecution Strategies 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.
23 Vandham Securities Corp 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.

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
Bank Of America Merrill LynchArchipelago Stock Exchange 19.63%
UBS Securities, LLC 18.93%
Knight Execution & Clearing Services 14.74%
Barclays Capital, Inc. 9.02%
Goldman Sachs Execution & Clearing, L.P. 8.64%
NASDAQ 8.08%
Archipelago Stock Exchange 7.32%
Credit Suisse First Boston Corporation 5.92%
American Stock Exchange 5.76%
NYSE 1.28%
IEX Services, LLC 0.43%
Lubucki & Co., LLC 0.10%
Divine Capital Markets, LLC 0.09%
Chicago Stock Exchange 0.04%
EBX LLC 0.03%
Alternative Execution Group 0.00%

Information Concerning Significant Venues
Types of Orders Routed to Venue:

    Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship
w/ this Venue
1 Bank Of America Merrill Lynch 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 UBS Securities, LLC 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 Knight Execution & Clearing Services 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 Barclays Capital, 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.
5 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.
6 NADAQ 0.00% 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.
7 Archipelago Stock Exchange 0.00% 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 Credit Suisse First Boston Corporation 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.
9 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.
10 NYSE 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.
11 IEX Services, LLC 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.
12 Lubucki & Co., LLC 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.
13 Divine Capital Markets, LLC 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.
14 Chicago 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.
15 EBX LLC 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.
16 Alternative Execution Group 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.

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 ) 50.88%
CBOE ( (C) Chicago Board Options Exchange ) 34.29%
AMEX ( (A) American Stock Exchange ) 9.77%
PHLX ( (X) Philadelphia Stock Exchange ) 5.06%

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 CBOE ( (C) Chicago Board Options Exchange ) 0.00% 0.00% 100.00% As of April 20, 2009, JonesTrading and Barclays Capital signed an agreement wherein Barclays Capital will rebate from its pool accrual to JonesTrading the orders routed to Barclays Capital's market makers. This agreement includes orders routed to the Chicago Board Options Exchange.
3 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.
4 PHLX ( (X) Philadelphia Stock Exchange ) 0.00% 0.00% 100.00% As of April 20, 2009, JonesTrading and Barclays Capital signed an agreement wherein Barclays Capital will rebate from its pool accrual to JonesTrading the orders routed to Barclays Capital's market makers. This agreement includes orders routed to the Philadelphia Stock Exchange.

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.