SEC Rule 606
Disclosure of Order Routing Practices
|
KAYAN SECURITIES INC
|
Nasdaq Securities
Quarter Ending
6/30/2026
|
|
Exchange
|
Market Order
|
Limit
|
Others
|
Total
|
|
Non-Directed Orders as Percentage (%) of Total Customer Orders
|
65.2%
|
34.8%
|
0.0%
|
100.0%
|
|
UBS Securities LLC
|
22.4%
|
42.0%
|
0.0%
|
29.1%
|
|
Virtu Americas LLC
|
77.6%
|
58.0%
|
0.0%
|
70.9%
|
|
NYSE Securities
Quarter Ending
6/30/2026
|
|
Exchange
|
Market Order
|
Limit
|
Others
|
Total
|
|
Non-Directed Orders as Percentage (%) of Total Customer Orders
|
73.8%
|
26.2%
|
0.0%
|
100.0%
|
|
UBS Securities LLC
|
4.5%
|
6.3%
|
0.0%
|
5.0%
|
|
Virtu Americas LLC
|
95.5%
|
93.8%
|
0.0%
|
95.0%
|
|
American Stock Exchange (and Regional Exchanges)
Quarter Ending
6/30/2026
|
|
Exchange
|
Market Order
|
Limit
|
Others
|
Total
|
|
Non-Directed Orders as Percentage (%) of Total Customer Orders
|
34.6%
|
65.4%
|
0.0%
|
100.0%
|
|
Virtu Americas LLC
|
100.0%
|
100.0%
|
0.0%
|
100.0%
|
|
Listed Options
Quarter Ending
|
|
Exchange
|
Market Order
|
Limit
|
Others
|
Total
|
|
*Wedbush Securities has prepared this report in accordance with U.S. Securities and Exchange Commission Exchange Act Rule 606 that requires broker/dealers to make public, quarterly reports containing certain information on their order routing practices. The report provides information on the routing of "non-directed orders" which is generally defined as any order that the client has not specifically instructed to be routed to a particular venue for execution.
