Note: Broker-dealers are required to disclose any material arrangements with the venues listed in
each section below, including, but not limited to, any internalization or payment for order flow
arrangements.
GVB
VANDERBILT SECURITIES, LLC
125 FROEHLICH FARM BLVD
WOODBURY, NY 11797
SEC Rule 606 Quarterly Report for the Quarter Ending March 31, 2017
Securities Listed on New York Stock Exchange
Summary Statistics :
Non-directed orders as percentage of total customer orders
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
100.00%
50.32%
48.65%
1.03%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
KCG Americas LLC
45.60%
Citadel Securities LLC
29.11%
BATS BZX Exchange
7.25%
EDGX Exchange, Inc.
4.23%
UBS Securities, LLC
3.95%
G1 Execution Services, LLC 3.48%
Two Sigma Securities, LLC
2.69%
Instinet LLC
2.29%
BATS BYX Exchange
1.16%
New York Stock Exchange
0.12%
Information Concerning Significant Venues :
1.
KCG Americas LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
2.
51.05%
40.71%
10.58%
Citadel Securities LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
33.86%
23.15%
78.85%
Page 1 of 8
3.
BATS BZX Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
4.
0.00%
14.87%
0.96%
EDGX Exchange, Inc.
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
5.
0.00%
8.69%
0.00%
UBS Securities, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
6.
0.75%
7.14%
9.62%
G1 Execution Services, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
7.
4.45%
2.56%
0.00%
Two Sigma Securities, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
8.
4.54%
0.83%
0.00%
Instinet LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
9.
3.74%
0.83%
0.00%
BATS BYX Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
10.
1.59%
0.73%
0.00%
New York Stock Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.24%
0.00%
Page 2 of 8
Securities Listed on The Nasdaq Stock Market
Summary Statistics :
Non-directed orders as percentage of total customer orders
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
100.00%
40.54%
58.05%
1.41%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
KCG Americas LLC
44.13%
Citadel Securities LLC
25.77%
BATS BZX Exchange
10.81%
EDGX Exchange, Inc.
6.85%
G1 Execution Services, LLC
3.92%
Two Sigma Securities, LLC
2.46%
Instinet LLC
1.78%
UBS Securities, LLC
1.76%
BATS BYX Exchange
1.74%
NASDAQ Execution Services, LLC 0.57%
Information Concerning Significant Venues :
1.
KCG Americas LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
2.
50.61%
39.99%
28.17%
Citadel Securities LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
3.
35.56%
17.91%
67.61%
BATS BZX Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
4.
0.00%
18.63%
0.00%
EDGX Exchange, Inc.
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
11.80%
0.00%
Page 3 of 8
5.
G1 Execution Services, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
6.
4.54%
3.58%
0.00%
Two Sigma Securities, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
7.
3.47%
1.81%
0.00%
Instinet LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
8.
2.93%
1.02%
0.00%
UBS Securities, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
9.
0.93%
2.32%
2.82%
BATS BYX Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
10.
1.71%
1.81%
0.00%
NASDAQ Execution Services, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.99%
0.00%
Page 4 of 8
Securities Listed on NYSE MKT or Regional Exchanges
Summary Statistics :
Non-directed orders as percentage of total customer orders
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
100.00%
68.77%
30.57%
0.67%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
KCG Americas LLC
47.78%
Citadel Securities LLC
34.21%
EDGX Exchange, Inc.
3.90%
BATS BZX Exchange
3.28%
G1 Execution Services, LLC 3.15%
Two Sigma Securities, LLC
2.97%
Instinet LLC
2.31%
UBS Securities, LLC
1.29%
BATS BYX Exchange
0.75%
NYSE Arca
0.18%
Information Concerning Significant Venues :
1.
KCG Americas LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
2.
51.55%
39.62%
33.33%
Citadel Securities LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
3.
35.23%
31.20%
66.67%
EDGX Exchange, Inc.
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
4.
0.00%
12.77%
0.00%
BATS BZX Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
10.74%
0.00%
Page 5 of 8
5.
G1 Execution Services, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
6.
4.13%
1.02%
0.00%
Two Sigma Securities, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
7.
4.13%
0.44%
0.00%
Instinet LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
8.
3.10%
0.58%
0.00%
UBS Securities, LLC
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
9.
0.71%
2.61%
0.00%
BATS BYX Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
10.
1.10%
0.00%
0.00%
NYSE Arca
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.58%
0.00%
Page 6 of 8
Exchange - Listed Options
Summary Statistics :
Non-directed orders as percentage of total customer orders
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
100.00%
38.11%
56.86%
5.03%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
NASDAQ Options Market
The Chicago Board Options Exchange
NASDAQ PHLX Options
The MIAX Options Exchange
BOX Option Exchange
ISE Gemini Options Exchange
BZX Options Exchange, Inc.
NYSE Amex Options
NYSE Arca Options
EDGX Option Exchange
25.16%
17.48%
17.11%
16.23%
7.92%
7.55%
4.53%
1.76%
1.13%
0.50%
Information Concerning Significant Venues :
1.
NASDAQ Options Market
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
2.
0.33%
44.03%
0.00%
The Chicago Board Options Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
3.
30.36%
5.53%
55.00%
NASDAQ PHLX Options
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
4.
28.05%
7.96%
37.50%
The MIAX Options Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
25.41%
11.50%
0.00%
Page 7 of 8
5.
BOX Option Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
6.
5.61%
9.96%
2.50%
ISE Gemini Options Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
7.
1.98%
11.50%
5.00%
BZX Options Exchange, Inc.
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
8.
2.64%
6.19%
0.00%
NYSE Amex Options
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
9.
3.30%
0.88%
0.00%
NYSE Arca Options
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
10.
0.99%
1.33%
0.00%
EDGX Option Exchange
Types of Orders Routed to Venue :
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.66%
0.44%
0.00%
Page 8 of 8