1.2 FIDELITY BROKERAGE SERVICES LLC 2024 02 2024-07-25T22:47:55Z 2024 04 96.06 55.25 6.30 36.24 2.21 NASDAQ Execution Services, LLC NSDQ 23.28 0.00 2.30 37.13 0.00 -781 -14.5210 -1241 -15.0785 107236 31.4483 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Nasdaq are generally attested as retail, meet the exchange’s definition of “Rebate to Add Displayed Designated Retail Liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. New York Stock Exchange NYSE 23.27 0.00 0.99 37.20 0.00 -14 -10.0000 -4 -10.0578 6515 19.8009 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Citadel Securities LLC CDRG 16.09 27.18 35.53 8.63 43.93 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. VIRTU Americas, LLC NITE 11.76 21.15 21.40 5.71 42.11 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. National Financial Services LLC XSTM 7.67 21.05 13.76 0.44 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Marketable orders may be routed to FBS' affiliated broker-dealer NFS's Alternative Trading System, CrossStream, for potential execution at the mid-point or better of the National Best Bid and Offer (NBBO). FBS does not get charged an explicit fee or receive payment for order flow for orders executed in CrossStream​. NFS may receive a trading commission from the contra-side party against which the FBS order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Jane Street Capital, LLC JNST 7.33 14.68 11.32 3.36 1.44 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. G1 Execution Services, LLC ETMM 7.14 14.18 10.96 3.26 5.04 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Cboe EDGX US Equities Exchange EDGX 1.76 0.00 0.01 2.82 0.00 -3 -30.0000 0 0.0000 288558 31.7884 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the exchange’s “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Cboe EDGX are generally attested as retail, meet the exchange’s definition of “Retail Order, adds liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Members Exchange MEMX 0.59 0.00 0.01 0.94 0.00 0 0.0000 0 0.0000 99235 33.8132 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to MEMX are generally attested as retail, meet the exchange’s definition of “Added displayed volume, Retail order”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://info.memxtrading.com/fee-schedule/. Fidelity has an ownership interest in the Members Exchange Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. UBS Securities, LLC UBSS 0.30 0.53 0.40 0.13 3.23 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders 93.10 51.47 11.39 34.59 2.54 NASDAQ Execution Services, LLC NSDQ 16.28 0.00 0.76 28.05 0.00 -252 -10.9261 -7245 -15.4397 451671 23.6023 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Nasdaq are generally attested as retail, meet the exchange’s definition of “Rebate to Add Displayed Designated Retail Liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Citadel Securities LLC CDRG 15.16 24.90 28.71 7.13 44.97 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. New York Stock Exchange NYSE 13.19 0.00 0.29 22.77 0.00 -17 -10.0000 -324 -25.5878 22467 13.5579 -28 -10.9652 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. VIRTU Americas, LLC NITE 11.75 19.33 21.84 5.38 42.03 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. National Financial Services LLC XSTM 10.93 27.19 16.76 1.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Marketable orders may be routed to FBS' affiliated broker-dealer NFS's Alternative Trading System, CrossStream, for potential execution at the mid-point or better of the National Best Bid and Offer (NBBO). FBS does not get charged an explicit fee or receive payment for order flow for orders executed in CrossStream​. NFS may receive a trading commission from the contra-side party against which the FBS order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. NYSE Arca ARCA 10.48 0.00 0.35 18.06 0.01 0 0.0000 -35 -17.1752 12145 11.3764 -6490 -8.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Jane Street Capital, LLC JNST 6.90 13.48 11.28 2.66 1.24 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. G1 Execution Services, LLC ETMM 6.68 12.85 11.01 2.61 4.60 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Cboe EDGX US Equities Exchange EDGX 3.35 0.00 0.02 5.79 0.00 0 0.0000 -2 -7.6246 1189296 25.6191 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the exchange’s “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Cboe EDGX are generally attested as retail, meet the exchange’s definition of “Retail Order, adds liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Members Exchange MEMX 1.12 0.00 0.03 1.93 0.00 0 0.0000 -29 -30.0000 456936 29.8806 -2 -25.7777 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to MEMX are generally attested as retail, meet the exchange’s definition of “Added displayed volume, Retail order”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://info.memxtrading.com/fee-schedule/. Fidelity has an ownership interest in the Members Exchange Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. 99.86 20.82 13.46 51.82 13.90 Citadel Securities LLC CDRG 46.98 51.65 48.89 44.57 50.01 576188 9.8775 593715 9.8360 2896582 41.7026 88297 1.1156 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers Dash Financial Technologies LLC DASH 20.29 17.09 17.70 21.66 20.88 259580 11.7862 263761 11.8397 978160 30.3949 415627 10.9932 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers In connection with Dash Financial’s handling of retail listed option orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Chicago, designed to facilitate liquidity and price improvement opportunities. Pursuant to these arrangements, Dash routes listed option orders to exchanges and preferences the liquidity providers consistent with exchange sponsored programs. Wolverine Execution Services LLC WEXX 15.41 0.63 1.93 25.73 0.00 6158 9.8057 22003 12.7353 937996 24.4570 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers Susquehanna Capital Group SUSQ 12.35 23.80 22.42 3.60 28.40 150070 5.5139 236314 8.5154 61211 9.8138 538565 12.7749 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers Morgan Stanley & Company LLC MSCO 3.86 6.44 6.44 3.34 0.00 139711 17.3076 142067 17.5036 79604 15.7904 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options broker 2024 05 95.20 55.72 5.82 36.08 2.38 New York Stock Exchange NYSE 24.39 0.00 0.62 38.31 0.00 -10 -10.0000 0 0.0000 6216 18.7612 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. NASDAQ Execution Services, LLC NSDQ 24.18 0.01 2.15 37.90 0.00 -63 -14.5530 -1037 -15.1290 106474 31.4122 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Nasdaq are generally attested as retail, meet the exchange’s definition of “Rebate to Add Displayed Designated Retail Liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Citadel Securities LLC CDRG 14.42 25.14 31.94 7.56 44.27 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. VIRTU Americas, LLC NITE 11.44 21.22 21.29 5.44 41.94 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. G1 Execution Services, LLC ETMM 7.93 16.40 12.29 3.52 4.52 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. National Financial Services LLC XSTM 7.32 21.10 18.05 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Marketable orders may be routed to FBS' affiliated broker-dealer NFS's Alternative Trading System, CrossStream, for potential execution at the mid-point or better of the National Best Bid and Offer (NBBO). FBS does not get charged an explicit fee or receive payment for order flow for orders executed in CrossStream​. NFS may receive a trading commission from the contra-side party against which the FBS order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Jane Street Capital, LLC JNST 6.83 14.13 10.55 3.07 1.79 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Cboe EDGX US Equities Exchange EDGX 1.80 0.00 0.01 2.82 0.00 -6 -23.0644 0 0.0000 287473 31.8229 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the exchange’s “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Cboe EDGX are generally attested as retail, meet the exchange’s definition of “Retail Order, adds liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Members Exchange MEMX 0.60 0.00 0.01 0.94 0.00 0 0.0000 0 0.0000 100130 33.8365 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to MEMX are generally attested as retail, meet the exchange’s definition of “Added displayed volume, Retail order”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://info.memxtrading.com/fee-schedule/. Fidelity has an ownership interest in the Members Exchange Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. StoneX Financial INC. INTL 0.37 0.77 0.58 0.16 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. 93.15 49.93 11.91 35.45 2.71 NASDAQ Execution Services, LLC NSDQ 16.30 0.00 0.76 28.23 0.00 -388 -14.6516 -9087 -15.9244 506064 20.4229 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Nasdaq are generally attested as retail, meet the exchange’s definition of “Rebate to Add Displayed Designated Retail Liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Citadel Securities LLC CDRG 14.14 22.84 23.30 7.10 44.56 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. New York Stock Exchange NYSE 13.47 0.00 0.38 23.37 0.00 -11 -10.0000 -23 -7.2899 19852 11.5921 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. VIRTU Americas, LLC NITE 11.90 19.29 19.86 5.81 41.20 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. National Financial Services LLC XSTM 11.03 27.63 23.70 0.03 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Marketable orders may be routed to FBS' affiliated broker-dealer NFS's Alternative Trading System, CrossStream, for potential execution at the mid-point or better of the National Best Bid and Offer (NBBO). FBS does not get charged an explicit fee or receive payment for order flow for orders executed in CrossStream​. NFS may receive a trading commission from the contra-side party against which the FBS order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. NYSE Arca ARCA 10.16 0.00 0.39 17.61 0.01 0 0.0000 -143 -22.4897 11744 11.9520 -7429 -10.9764 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. G1 Execution Services, LLC ETMM 7.50 14.85 10.78 2.92 4.54 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Jane Street Capital, LLC JNST 6.43 12.83 9.05 2.52 1.75 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Cboe EDGX US Equities Exchange EDGX 3.58 0.00 0.02 6.22 0.00 -2 -10.4873 -40 -25.9712 1299716 21.1693 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the exchange’s “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Cboe EDGX are generally attested as retail, meet the exchange’s definition of “Retail Order, adds liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Members Exchange MEMX 1.19 0.00 0.05 2.07 0.00 0 0.0000 -68 -30.0000 556010 26.8599 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to MEMX are generally attested as retail, meet the exchange’s definition of “Added displayed volume, Retail order”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://info.memxtrading.com/fee-schedule/. Fidelity has an ownership interest in the Members Exchange Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders 99.84 18.99 13.09 53.79 14.13 Citadel Securities LLC CDRG 46.86 51.44 48.35 44.73 49.90 614740 10.4601 648610 10.2546 3218530 43.4180 113850 1.3513 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers Dash Financial Technologies LLC DASH 20.95 17.65 18.02 22.38 21.07 266771 11.7783 286514 11.7684 1068732 30.2408 422406 10.8208 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers In connection with Dash Financial’s handling of retail listed option orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Chicago, designed to facilitate liquidity and price improvement opportunities. Pursuant to these arrangements, Dash routes listed option orders to exchanges and preferences the liquidity providers consistent with exchange sponsored programs. Wolverine Execution Services LLC WEXX 15.61 0.63 1.86 25.43 0.00 6946 10.4445 22955 13.1098 969284 24.3721 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers Susquehanna Capital Group SUSQ 11.78 23.11 21.93 3.44 28.33 152019 5.6222 258732 8.9158 92342 14.4871 577540 12.8971 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers Morgan Stanley & Company LLC MSCO 3.77 6.78 6.68 3.16 0.00 150460 17.6172 159892 17.5694 81188 15.5032 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options broker 2024 06 97.11 55.81 5.96 35.77 2.46 NASDAQ Execution Services, LLC NSDQ 23.07 0.01 2.37 37.61 0.00 -195 -14.8562 -1390 -15.2050 148963 32.0835 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Nasdaq are generally attested as retail, meet the exchange’s definition of “Rebate to Add Displayed Designated Retail Liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. New York Stock Exchange NYSE 22.33 0.00 0.60 36.51 0.00 -50 -10.0000 0 0.0000 6426 19.5900 -14 -10.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Citadel Securities LLC CDRG 15.11 24.65 32.48 8.08 46.75 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. VIRTU Americas, LLC NITE 12.79 22.90 21.82 5.96 43.38 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. National Financial Services LLC XSTM 7.87 21.26 17.97 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Marketable orders may be routed to FBS' affiliated broker-dealer NFS's Alternative Trading System, CrossStream, for potential execution at the mid-point or better of the National Best Bid and Offer (NBBO). FBS does not get charged an explicit fee or receive payment for order flow for orders executed in CrossStream​. NFS may receive a trading commission from the contra-side party against which the FBS order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Jane Street Capital, LLC JNST 7.50 14.66 10.91 3.44 2.17 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. G1 Execution Services, LLC ETMM 7.28 14.25 10.65 3.38 0.17 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Cboe EDGX US Equities Exchange EDGX 2.08 0.00 0.01 3.41 0.00 -1 -30.0000 0 0.0000 375232 31.9074 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the exchange’s “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Cboe EDGX are generally attested as retail, meet the exchange’s definition of “Retail Order, adds liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Members Exchange MEMX 0.70 0.00 0.01 1.14 0.00 0 0.0000 0 0.0000 131399 33.9088 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to MEMX are generally attested as retail, meet the exchange’s definition of “Added displayed volume, Retail order”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://info.memxtrading.com/fee-schedule/. Fidelity has an ownership interest in the Members Exchange Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. StoneX Financial INC. INTL 0.41 0.80 0.61 0.19 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. 94.25 49.60 13.20 34.69 2.51 NASDAQ Execution Services, LLC NSDQ 16.05 0.00 0.83 27.96 0.00 -296 -12.9800 -5477 -15.4479 440985 22.5434 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Nasdaq are generally attested as retail, meet the exchange’s definition of “Rebate to Add Displayed Designated Retail Liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Citadel Securities LLC CDRG 14.33 22.92 25.20 6.96 47.42 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. New York Stock Exchange NYSE 13.66 0.00 0.25 23.86 0.00 -55 -10.0000 -8 -11.2938 19557 12.5979 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. VIRTU Americas, LLC NITE 12.85 21.10 22.21 5.99 42.08 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. National Financial Services LLC XSTM 10.62 26.75 21.15 0.03 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Marketable orders may be routed to FBS' affiliated broker-dealer NFS's Alternative Trading System, CrossStream, for potential execution at the mid-point or better of the National Best Bid and Offer (NBBO). FBS does not get charged an explicit fee or receive payment for order flow for orders executed in CrossStream​. NFS may receive a trading commission from the contra-side party against which the FBS order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. NYSE Arca ARCA 9.99 0.00 0.33 17.42 0.01 0 0.0000 -18 -20.4159 12095 11.8974 -6133 -12.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Jane Street Capital, LLC JNST 6.95 13.56 10.48 2.75 2.06 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. G1 Execution Services, LLC ETMM 6.70 12.96 10.76 2.66 0.23 0 0.0000 0 0.0000 0 0.0000 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not receive payment for order flow ​or have a profit-sharing arrangement related to any order flow routed to wholesale market-makers, including marketable equity orders (i.e. market and marketable limit orders), non-marketable limit orders, all-or-none (AON) orders, stop orders, and other special order types. FBS orders generally meet the exchange definitions of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the Cboe EDGX exchange “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Cboe EDGX US Equities Exchange EDGX 3.54 0.00 0.02 6.19 0.00 -5 -15.3550 0 0.0000 1116118 23.5122 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. In addition, some FBS orders may qualify for participation in the exchange’s “retail priority” program, and as such FBS, through its affiliated broker-dealer NFS, attests that those orders are eligible for order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to Cboe EDGX are generally attested as retail, meet the exchange’s definition of “Retail Order, adds liquidity”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. Members Exchange MEMX 1.18 0.00 0.03 2.06 0.00 0 0.0000 -6 -30.0000 407523 25.4986 0 0.0000 FBS, through its affiliated broker-dealer NFS, may incur fees or receive rebates for orders executed on specific equities exchanges. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Non-Marketable Limit orders routed to MEMX are generally attested as retail, meet the exchange’s definition of “Added displayed volume, Retail order”, and qualify for the base rebate rate. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://info.memxtrading.com/fee-schedule/. Fidelity has an ownership interest in the Members Exchange Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Orders categorized as “Other” may include special order types including, but not limited to, stop orders and All or None (AON) orders. 99.83 18.54 13.02 55.00 13.44 Citadel Securities LLC CDRG 46.07 51.51 47.93 43.52 50.28 600270 10.5336 606228 10.6513 3133830 43.2404 142755 1.9370 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers Dash Financial Technologies LLC DASH 20.70 17.51 18.09 21.96 20.98 255191 11.7484 259023 11.7910 1070566 30.0534 404399 11.5518 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers In connection with Dash Financial’s handling of retail listed option orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Chicago, designed to facilitate liquidity and price improvement opportunities. Pursuant to these arrangements, Dash routes listed option orders to exchanges and preferences the liquidity providers consistent with exchange sponsored programs. Wolverine Execution Services LLC WEXX 17.19 0.82 2.05 27.44 0.00 6703 10.4310 21775 12.8199 1055674 24.2555 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers Susquehanna Capital Group SUSQ 10.94 22.26 21.17 2.93 28.00 150411 5.9796 227567 9.1012 49379 8.6927 563757 14.2492 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers Morgan Stanley & Company LLC MSCO 4.04 7.54 7.57 3.24 0.00 158894 17.4539 159474 17.3007 79240 14.0115 0 0.0000 FBS, through its affiliated broker-dealer NFS, does not negotiate, set rates for, or solicit payment​ for order flow on option orders. FBS does, however, receive compensation from options exchanges and/or brokers associated with the routing of options order flow. ​ Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on ​an exchange and are subject to exchange pricing schedules. Brokers may pass to FBS, through its affiliated broker-dealer NFS, a portion of the compensation they generate via exchange executions. Options orders in some securities, such as index options, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers