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: 3rd QTR, 2018

 

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 19.91%
VIRTU Financial Capital Markets LLC 18.88%
FIS Brokerage & Securities Services, LLC 18.39%
Clearpool Execution Services, LLC 16.76%
UBS Securities, LLC 8.61%

 

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 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.
3 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.
4 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.
5 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.

 

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 39.09%
ITG, Inc. 14.87%
UBS Securities, LLC 10.77%
Clearpool Execution Services, LLC 9.66%
VIRTU Financial Capital Markets LLC 7.91%
FIS Brokerage & Securities Services, LLC 7.60%

 

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 ITG, Inc. 0.00% 0.00% 100.00% JonesTrading is party to ITG’s standard Schedule of Transaction Fees for US broker dealers. ITG will pass along rebates it receives for executions and reduce the amount of transaction fees owed to them.
3 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.
4 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.
5 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.
6 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 51.61%
UBS Securities, LLC 12.22%
VIRTU Financial Capital Markets LLC 10.45%
Clearpool Execution Services, LLC 7.55%
FIS Brokerage & Securities Services, LLC 5.97%

 

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 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 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 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.
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.

 

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 46.47%
DASH (D) Dash Financial Options 39.51%
CBOE (C) Chicago Board Options Exchange 8.83%
AMEX (A) American Stock Exchange 5.19%

 

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% 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.
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.

 

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.