Jordan & Jordan Jordan & Jordan Public Disclosure

606 Report for State Street Global Markets, LLC

2018 Quarter 4 (Oct - Dec)

NYSE

Non-Directed Orders Total Market Limit Other Relationship
Total State Street Global Markets, LLC Orders 100.00 % 2.02 % 0.30 % 97.68 %
INSTINET, LLC (INCA) 49.19 % 1.06 % 0.00 % 50.34 % Orders routed to Instinet are executed through various market centers. Certain strategies Instinet provides to SSGM LLC offer credits to add and debits to remove liquidity based on Instinet’s schedule with various market centers, and are passed through to SSGM. Credits in those strategies for the quarter were 00.002 cents per share
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (MLCO) 33.50 % 1.41 % 0.00 % 34.27 %
Credit Suisse Securities (USA) LLC (FBCO) 8.71 % 0.00 % 0.00 % 8.92 % Orders routed to Credit Suisse are executed through various market centers. Certain strategies Credit Suisse provides to SSGM LLC offer credits to add and debits to remove liquidity based on Credit Suisse’s schedule with various market centers, and are passed through to SSGM. Credits in those strategies for the quarter averaged equal to or less than 00.0028 cents per share

NASDAQ

Non-Directed Orders Total Market Limit Other Relationship
Total State Street Global Markets, LLC Orders 100.00 % 3.61 % 0.25 % 96.14 %
INSTINET, LLC (INCA) 62.39 % 0.54 % 0.00 % 64.88 % Orders routed to Instinet are executed through various market centers. Certain strategies Instinet provides to SSGM LLC offer credits to add and debits to remove liquidity based on Instinet’s schedule with various market centers, and are passed through to SSGM. Credits in those strategies for the quarter were 00.002 cents per share
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (MLCO) 23.78 % 11.86 % 0.00 % 24.29 %
Credit Suisse Securities (USA) LLC (FBCO) 3.84 % 0.00 % 0.00 % 4.00 % Orders routed to Credit Suisse are executed through various market centers. Certain strategies Credit Suisse provides to SSGM LLC offer credits to add and debits to remove liquidity based on Credit Suisse’s schedule with various market centers, and are passed through to SSGM. Credits in those strategies for the quarter averaged equal to or less than 00.0028 cents per share

AMEX

Non-Directed Orders Total Market Limit Other Relationship
Total State Street Global Markets, LLC Orders 100.00 % 3.66 % 0.05 % 96.29 %
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (MLCO) 39.63 % 1.37 % 0.00 % 41.10 %
Credit Suisse Securities (USA) LLC (FBCO) 39.18 % 0.00 % 0.00 % 40.69 % Orders routed to Credit Suisse are executed through various market centers. Certain strategies Credit Suisse provides to SSGM LLC offer credits to add and debits to remove liquidity based on Credit Suisse’s schedule with various market centers, and are passed through to SSGM. Credits in those strategies for the quarter averaged equal to or less than 00.0028 cents per share
INSTINET, LLC (INCA) 13.33 % 6.85 % 0.00 % 13.58 % Orders routed to Instinet are executed through various market centers. Certain strategies Instinet provides to SSGM LLC offer credits to add and debits to remove liquidity based on Instinet’s schedule with various market centers, and are passed through to SSGM. Credits in those strategies for the quarter were 00.002 cents per share

Options

Non-Directed Orders Total Market Limit Other Relationship
Total State Street Global Markets, LLC Orders 100.00 % 100.00 % 0.00 % 0.00 %
Chicago Board Options Exchange (CBOE) 100.00 % 100.00 % 0.00 % 0.00 %

General Information

State Street Global Markets, LLC (the Broker) routes customer U.S. equity orders to national securities exchanges, alternative trading systems, market centers and broker-dealers unaffiliated with the Broker. In exchange for the Broker routing equity orders to these execution venues, certain of these venues offer cash credits for orders that provide liquidity to their books and charge explicit fees for orders that extract liquidity from their books while others offer cash credits for orders that extract liquidity from their books and charge explicit fees for orders that provide liquidity to their books. The credits are considered payment for order flow even though they may not offset the Broker’s aggregate payment obligations to the venue. In any given month, the credits received by the Broker from a given venue may or may not exceed the debits charged to the Broker for such period. Typically, these order flow credits have resulted in the Broker receiving a credit against a portion of the expenses due from the Broker and do not result in any cash payments to the Broker. However, it is conceivable such credits could result in cash payments to the Broker. Please note, consistent with the requirements of Rule 606, the data above captures only a portion of the Brokers order flow. This report is intended only to provide an overview of the Brokers order routing practices. Accordingly, the data is not a reliable basis upon which to assess whether the Broker or any trading venue to which the Broker routes orders has satisfied its best execution obligation