SEC Rule 606
Disclosure of Order Routing Practices
|
KAYAN SECURITIES INC
|
Nasdaq Securities
Quarter Ending
3/31/2026
|
|
Exchange
|
Market Order
|
Limit
|
Others
|
Total
|
|
Non-Directed Orders as Percentage (%) of Total Customer Orders
|
61.7%
|
38.3%
|
0.0%
|
100.0%
|
|
UBS Securities LLC
|
16.2%
|
16.4%
|
0.0%
|
16.3%
|
|
Virtu Americas LLC
|
83.8%
|
83.6%
|
0.0%
|
83.7%
|
|
NYSE Securities
Quarter Ending
3/31/2026
|
|
Exchange
|
Market Order
|
Limit
|
Others
|
Total
|
|
Non-Directed Orders as Percentage (%) of Total Customer Orders
|
66.8%
|
33.2%
|
0.0%
|
100.0%
|
|
UBS Securities LLC
|
19.8%
|
13.6%
|
0.0%
|
17.6%
|
|
Virtu Americas LLC
|
80.2%
|
86.4%
|
0.0%
|
82.4%
|
|
American Stock Exchange (and Regional Exchanges)
Quarter Ending
3/31/2026
|
|
Exchange
|
Market Order
|
Limit
|
Others
|
Total
|
|
Non-Directed Orders as Percentage (%) of Total Customer Orders
|
29.9%
|
70.1%
|
0.0%
|
100.0%
|
|
UBS Securities LLC
|
44.4%
|
68.9%
|
0.0%
|
61.6%
|
|
Virtu Americas LLC
|
55.6%
|
31.1%
|
0.0%
|
38.4%
|
|
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.
