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.
0GP
BUTTONWOOD PARTNERS, INC.
701 DEMING WAY
SUITE 100
MADISON, WI 53717
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%
90.09%
9.91%
0.00%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
KCG Americas LLC
Citadel Securities LLC
Instinet LLC
BATS BZX Exchange
Two Sigma Securities, LLC
EDGX Exchange, Inc.
BATS BYX Exchange
G1 Execution Services, LLC
New York Stock Exchange
UBS Securities, LLC
57.76%
24.57%
3.45%
3.45%
3.02%
2.59%
1.72%
1.29%
1.29%
0.86%
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.
61.72%
21.74%
0.00%
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
26.79%
4.35%
0.00%
Page 1 of 7
3.
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
4.
3.83%
0.00%
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
5.
0.00%
34.78%
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
6.
3.35%
0.00%
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
7.
0.00%
26.09%
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
8.
1.91%
0.00%
0.00%
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
9.
1.44%
0.00%
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
10.
0.00%
13.04%
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
0.96%
0.00%
0.00%
Page 2 of 7
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%
64.35%
35.65%
0.00%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
1.
2.
3.
4.
5.
6.
7.
8.
Citadel Securities LLC
KCG Americas LLC
EDGX Exchange, Inc.
BATS BZX Exchange
G1 Execution Services, LLC
Instinet LLC
Two Sigma Securities, LLC
BATS BYX Exchange
40.00%
26.52%
15.22%
10.00%
3.48%
2.17%
2.17%
0.43%
Information Concerning Significant Venues :
1.
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
2.
56.76%
9.76%
0.00%
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
3.
34.46%
12.20%
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
4.
0.00%
42.68%
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%
28.05%
0.00%
Page 3 of 7
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.
2.03%
6.10%
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
7.
2.70%
1.22%
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.
3.38%
0.00%
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
0.68%
0.00%
0.00%
Page 4 of 7
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%
88.89%
11.11%
0.00%
Venues Receiving Significant Percentage of Total Non-Directed Orders :
1.
2.
3.
4.
5.
6.
KCG Americas LLC
Citadel Securities LLC
Two Sigma Securities, LLC
NYSE MKT LLC
EDGX Exchange, Inc.
G1 Execution Services, LLC
48.15%
29.63%
11.11%
3.70%
3.70%
3.70%
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.
54.17%
0.00%
0.00%
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.
29.17%
33.33%
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
4.
12.50%
0.00%
0.00%
NYSE MKT 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%
33.33%
0.00%
Page 5 of 7
5.
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
6.
0.00%
33.33%
0.00%
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
4.17%
0.00%
0.00%
Page 6 of 7
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
0.00%
0.00%
0.00%
0.00%
Page 7 of 7