RBCWM – Held NMS Stocks and Options Order Routing Public Report
Generated on Fri May 29 2020 18:18:03 GMT-0400 (Eastern Daylight Time)
1st Quarter, 2020
January 2020
S&P 500 Stocks
Summary
| Non-Directed Orders as % of All Orders | Market Orders as % of Non-Directed Orders | Marketable Limit Orders as % of Non- Directed Orders | Non-Marketable Limit Orders as % of Non- Directed Orders | Other Orders as % of Non-Directed Orders |
| 100.00 | 82.97 | 3.03 | 8.21 | 5.78 |
Venues
| Venue – Non- directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| G1
Execution Services, LLC |
44.98 | 45.36 | 45.89 | 41.04 | 44.62 | ||||||||
| Citadel Execution Services | 29.98 | 30.32 | 33.77 | 28.52 | 25.15 | ||||||||
| Virtu Americas, LLC | 14.76 | 14.56 | 10.97 | 17.00 | 16.44 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
| UBS Securities, LLC | 10.28 | 9.76 | 9.38 | 13.43 | 13.79 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
Material Aspects:
January 2020
Non-S&P 500 Stocks
Summary
| Non-Directed Orders as % of All Orders | Market Orders as % of Non-Directed Orders | Marketable Limit Orders as % of Non- Directed Orders | Non-Marketable Limit Orders as % of Non- Directed Orders | Other Orders as % of Non-Directed Orders |
| 100.00 | 67.84 | 11.34 | 15.75 | 5.08 |
Venues
| Venue – Non- directed Order Flow | Non-Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| Virtu Americas, LLC | 50.94 | 47.79 | 59.20 | 60.35 | 45.39 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
| G1
Execution Services, LLC |
21.18 | 21.21 | 16.10 | 21.41 | 31.44 | ||||||||
| UBS Securities, LLC | 13.97 | 17.03 | 10.60 | 4.59 | 9.80 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
| Citadel Execution Services | 13.91 | 13.98 | 14.09 | 13.64 | 13.37 |
Material Aspects:
January 2020
Options
Summary
| Non-Directed Orders as % of All Orders | Market Orders as % of Non-Directed Orders | Marketable Limit Orders as % of Non- Directed Orders | Non-Marketable Limit Orders as % of Non- Directed Orders | Other Orders as % of Non-Directed Orders |
| 99.99 | 24.24 | 21.97 | 50.48 | 3.31 |
Venues
| Venue – Non-directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| Citigroup | 59.98 | 27.02 | 75.00 | 69.48 | 56.66 | ||||||||
| Wolverine Execution Services, LLC | 23.58 | 55.77 | 15.95 | 12.00 | 15.17 | 3,722.75 | 0.2863 | 3,704.00 | 0.3700 | 9,272.25 | 0.4461 | 4,414.50 | 0.3664 |
| Citadel Execution Services | 16.44 | 17.21 | 9.05 | 18.52 | 28.17 | 1,070.29 | 0.1394 | 963.09 | 0.1923 | 2,227.74 | 0.3718 | 51.89 | 0.3052 |
Material Aspects:
Citigroup:
For exchange-listed equity and index options, RBC is assessed fees and receives credits from the option market centers that may exceed the amount we are charged. RBC may receive the benefit of these credits and such payments constitute payment for order flow.
Wolverine Execution Services, LLC:
For exchange-listed equity and index options, RBC is assessed fees and receives credits from the option market centers that may exceed the amount we are charged. RBC may receive the benefit of these credits and such payments constitute payment for order flow.
Citadel Execution Services:
For exchange-listed equity and index options, RBC is assessed fees and receives credits from the option market centers that may exceed the amount we are charged. RBC may receive the benefit of these credits and such payments constitute payment for order flow.
Summary
| Non-Directed Orders as % of All Orders | Market Orders as % of Non-Directed Orders | Marketable Limit Orders as % of Non- Directed Orders | Non-Marketable Limit Orders as % of Non- Directed Orders | Other Orders as % of Non-Directed Orders |
| 100.00 | 82.13 | 2.80 | 8.87 | 6.20 |
Venues
| Venue – Non- directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| G1
Execution Services, LLC |
46.48 | 46.75 | 48.24 | 43.25 | 46.65 | ||||||||
| Citadel Execution Services | 28.60 | 28.63 | 28.59 | 31.51 | 23.95 | ||||||||
| Virtu Americas, LLC | 15.66 | 15.35 | 16.50 | 16.67 | 17.88 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
| UBS Securities, LLC | 9.27 | 9.26 | 6.68 | 8.57 | 11.52 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
Material Aspects:
February 2020
Non-S&P 500 Stocks
Summary
| Non-Directed Orders as % of All Orders | Market Orders as % of Non-Directed Orders | Marketable Limit Orders as % of Non- Directed Orders | Non-Marketable Limit Orders as % of Non- Directed Orders | Other Orders as % of Non-Directed Orders |
| 100.00 | 67.02 | 12.11 | 15.87 | 5.00 |
Venues
| Venue – Non- directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| Virtu | 49.41 | 45.92 | 55.89 | 61.45 | 42.30 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
| Venue – Non- directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| Americas, LLC | |||||||||||||
| G1
Execution Services, LLC |
21.19 | 22.14 | 15.00 | 18.83 | 30.88 | ||||||||
| UBS Securities, LLC | 15.03 | 17.83 | 14.18 | 5.11 | 10.98 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
| Citadel Execution Services | 14.38 | 14.12 | 14.92 | 14.61 | 15.84 |
Material Aspects:
February 2020
Options
Summary
| Non-Directed Orders as % of All Orders | Market Orders as % of Non-Directed Orders | Marketable Limit Orders as % of Non- Directed Orders | Non-Marketable Limit Orders as % of Non- Directed Orders | Other Orders as % of Non-Directed Orders |
| 99.95 | 23.81 | 22.86 | 50.23 | 3.10 |
Venues
| Venue – Non-directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| Citigroup | 54.52 | 24.47 | 70.81 | 61.20 | 56.93 | ||||||||
| Wolverine Execution Services, LLC | 26.15 | 53.63 | 20.14 | 17.09 | 6.20 | 4,424.75 | 0.3116 | 8,252.25 | 0.4196 | 10,145.50 | 0.3963 | 4,892.75 | 0.3688 |
| Citadel Execution Services | 19.33 | 21.90 | 9.05 | 21.71 | 36.86 | 2,009.24 | 0.1248 | 820.79 | 0.1613 | 3,819.00 | 0.3243 | 43.24 | 0.2471 |
Material Aspects:
Citigroup:
For exchange-listed equity and index options, RBC is assessed fees and receives credits from the option market centers that may exceed the amount we are charged. RBC may receive the benefit of these credits and such payments constitute payment for order flow.
Wolverine Execution Services, LLC:
For exchange-listed equity and index options, RBC is assessed fees and receives credits from the option market centers that may exceed the amount we are charged. RBC may receive the benefit of these credits and such payments constitute payment for order flow.
Citadel Execution Services:
For exchange-listed equity and index options, RBC is assessed fees and receives credits from the option market centers that may exceed the amount we are charged. RBC may receive the benefit of these credits and such payments constitute payment for order flow.
Summary
| Non-Directed Orders as % of All Orders | Market Orders as % of Non-Directed Orders | Marketable Limit Orders as % of Non- Directed Orders | Non-Marketable Limit Orders as % of Non- Directed Orders | Other Orders as % of Non-Directed Orders |
| 100.00 | 80.81 | 3.21 | 10.96 | 5.02 |
Venues
| Venue – Non- directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| G1
Execution Services, LLC |
38.86 | 38.37 | 39.51 | 41.46 | 40.57 | ||||||||
| Citadel Execution Services | 27.17 | 27.47 | 25.53 | 27.03 | 23.72 | ||||||||
| Virtu Americas, LLC | 20.67 | 20.53 | 19.57 | 19.89 | 25.31 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
| UBS Securities, LLC | 13.31 | 13.63 | 15.38 | 11.63 | 10.40 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
Material Aspects:
March 2020
Non-S&P 500 Stocks
Summary
| Non-Directed Orders as % of All Orders | Market Orders as % of Non-Directed Orders | Marketable Limit Orders as % of Non- Directed Orders | Non-Marketable Limit Orders as % of Non- Directed Orders | Other Orders as % of Non-Directed Orders |
| 100.00 | 68.98 | 10.33 | 16.00 | 4.68 |
Venues
| Venue – Non- directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| Virtu
Americas, |
36.67 | 33.88 | 43.09 | 43.89 | 38.92 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
| Venue – Non- directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| LLC | |||||||||||||
| G1
Execution Services, LLC |
23.39 | 24.00 | 15.19 | 23.29 | 32.97 | ||||||||
| UBS Securities, LLC | 21.40 | 22.76 | 27.04 | 14.09 | 13.96 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 | 0.00 | 0.0000 |
| Citadel Execution Services | 18.54 | 19.37 | 14.67 | 18.73 | 14.15 |
Material Aspects:
March 2020
Options
Summary
| Non-Directed Orders as % of All Orders | Market Orders as % of Non-Directed Orders | Marketable Limit Orders as % of Non- Directed Orders | Non-Marketable Limit Orders as % of Non- Directed Orders | Other Orders as % of Non-Directed Orders |
| 100.00 | 16.54 | 17.42 | 64.86 | 1.18 |
Venues
| Venue – Non-directed Order Flow | Non- Directed Orders (%) | Market Orders (%) | Marketable Limit Orders (%) | Non- Marketable Limit Orders (%) | Other Orders (%) | Net Payment Paid/Received for Market Orders(USD) | Net Payment Paid/ Received for Market Orders(cents per hundred shares) | Net Payment Paid/ Received for Marketable Limit Orders(USD) | Net Payment Paid/ Received for Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/ Received for Non- Marketable Limit Orders(USD) | Net Payment Paid/ Received for Non- Marketable Limit Orders(cents per hundred shares) | Net Payment Paid/Received for Other
Orders(USD) |
Net Payment Paid/ Received for Other Orders(cents per hundred shares) |
| Citigroup | 62.32 | 30.60 | 74.76 | 67.06 | 62.70 | ||||||||
| Citadel Execution Services | 22.33 | 29.31 | 12.33 | 22.98 | 36.51 | 1,378.09 | 0.1046 | 1,725.09 | 0.1109 | 5,930.19 | 0.2390 | 9.00 | 0.2000 |
| Wolverine Execution Services, LLC | 15.35 | 40.09 | 12.92 | 9.96 | 0.79 | 1,879.25 | 0.2504 | 5,561.50 | 0.3695 | 16,076.50 | 0.3576 | 3,402.50 | 0.3674 |
Material Aspects:
Citigroup:
For exchange-listed equity and index options, RBC is assessed fees and receives credits from the option market centers that may exceed the amount we are charged. RBC may receive the benefit of these credits and such payments constitute payment for order flow.
Citadel Execution Services:
For exchange-listed equity and index options, RBC is assessed fees and receives credits from the option market centers that may exceed the amount we are charged. RBC may receive the benefit of these credits and such payments constitute payment for order flow.
Wolverine Execution Services, LLC:
For exchange-listed equity and index options, RBC is assessed fees and receives credits from the option market centers that may exceed the amount we are charged. RBC may receive the benefit of these credits and such payments constitute payment for order flow.