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: 1st QTR, 2020
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
Citadel Securities, LLC
30.16%
Clearpool Execution Services, LLC
19.10%
VIRTU Financial Capital Markets LLC
18.31%
FIS Brokerage & Securities Services, LLC
8.89%
Bank of America Merrill Lynch (BAML)
8.08%
Information Concerning Significant Venues Types of Orders Routed to Venue:
Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship w/ this Venue
1
Citadel Securities, LLC
0.00%
0.00%
100.00%
JonesTrading is party to Citadel’s standard Schedule of Transaction Fees for US broker dealers. Citadel will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
2
Clearpool Execution Services, LLC
0.00%
0.00%
100.00%
JonesTrading is party to Clearpool’s standard Schedule of Transaction Fees for US broker dealers. Clearpool will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them
3
VIRTU Financial Capital Markets LLC
0.00%
0.00%
100.00%
JonesTrading is party to VIRTU’s standard Schedule of Transaction Fees for US broker dealers. VIRTU will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
4
FIS Brokerage & Securities Services, LLC
0.00%
0.00%
100.00%
JonesTrading is party to FIS’s standard Schedule of Transaction Fees for US broker dealers. FIS will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them
5
Bank of America / Merrill Lynch (BAML)
0.00%
0.00%
100.00%
JonesTrading is party to BAML’s standard Schedule of Transaction Fees for US broker dealers. BAML will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
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
Citadel Securities, LLC
39.59%
Bank of America / Merrill Lynch (BAML)
18.39%
Clearpool Execution Services, LLC
16.21%
VIRTU Financial Capital Markets LLC
7.30%
FIS Brokerage & Securities Services, LLC
6.36%
Information Concerning Significant Venues Types of Orders Routed to Venue:
Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship w/ this Venue
1
Citadel Securities, LLC
0.00%
0.00%
100.00%
JonesTrading is party to Citadel’s standard Schedule of Transaction Fees for US broker dealers. Citadel will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
2
Bank of America / Merrill Lynch (BAML)
0.00%
0.00%
100.00%
JonesTrading is party to BAML’s standard Schedule of Transaction Fees for US broker dealers. BAML will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
3
Clearpool Execution Services, LLC
0.00%
0.00%
100.00%
JonesTrading is party to Clearpool’s standard Schedule of Transaction Fees for US broker dealers. Clearpool will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
4
VIRTU Financial Capital Markets LLC
0.00%
0.00%
100.00%
JonesTrading is party to VIRTU’s standard Schedule of Transaction Fees for US broker dealers. VIRTU will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
5
FIS Brokerage & Securities Services, LLC
0.00%
0.00%
100.00%
JonesTrading is party to FIS’s standard Schedule of Transaction Fees for US broker dealers. FIS will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
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
Citadel Securities, LLC
36.13%
Bank of America / Merrill Lynch (BAML)
22.30%
Clearpool Execution Services, LLC
9.92%
VIRTU Financial Capital Markets LLC
7.70%
Information Concerning Significant Venues Types of Orders Routed to Venue:
Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship w/ this Venue
1
Citadel Securities, LLC
0.00%
0.00%
100.00%
JonesTrading is party to Citadel’s standard Schedule of Transaction Fees for US broker dealers. Citadel will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
2
Bank of America / Merrill Lynch (BAML)
0.00%
0.00%
100.00%
JonesTrading is party to BAML’s standard Schedule of Transaction Fees for US broker dealers. BAML will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
3
Clearpool Execution Services, LLC
0.00%
0.00%
100.00%
JonesTrading is party to Clearpool’s standard Schedule of Transaction Fees for US broker dealers. Clearpool will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
4
VIRTU Financial Capital Markets LLC
0.00%
0.00%
100.00%
JonesTrading is party to VIRTU’s standard Schedule of Transaction Fees for US broker dealers. VIRTU will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
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
DASH (D) Dash Financial Options
76.98%
PCX (P) Pacific Exchange
20.36%
Information Concerning Significant Venues Types of Orders Routed to Venue:
Market
Orders
Limit
Orders
Other
Orders
Material Aspects of Relationship w/ this Venue
1
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.
2
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.