For
Quarter Ending
Lemley Yarling & Co. (LY&Co.) has prepared this report in accordance with Exchange Act Rule 11Ac1-6 which requires broker-dealers to make publicly available certain order routing information quarterly. This report provides information on the routing of "non-directed orders" (any order that the customer has not specifically instructed to be routed to a particular venue for execution).
LY&Co. transmits non-directed orders to its clearing firm, ABN AMRO, for execution. Non-directed customer orders are executed as described below.
The report is divided into four sections:
I.
Securities listed on the
II. Securities listed on the American Stock Exchange ("AMEX") or any other national securities exchange
III. Securities qualified for inclusion in the NASDAQ Stock Market, Inc. ("NASDAQ")
IV. Covered securities that are options contracts
Each section identifies the venues receiving LY&Co.’s non-directed orders for execution, and the percentage of types of orders routed to each venue.
Material aspects of LY&Co.’s relationships with execution venues
LY&Co. does not receive payments in exchange for sending orders to any venue or broker-dealer. As noted above, LY&Co. transmits orders to ABN AMRO for execution. ABN AMRO selects execution venues, subject to LY&Co.’s review. LY&Co. understands that ABN AMRO may receive payments from venues in exchange for sending orders for execution. However, ABN AMRO does not pass on to LY&Co. any such payments received by ABN AMRO.
I. Securities listed on the NYSE
Non-directed orders as percentage of total customer orders 100%
Venues Receiving Non-Directed Orders:
Venue |
% of Non-Directed Order Flow |
Order Type |
|
||
|
|
Market Orders |
Limit Orders |
Other Orders |
|
|
99.2%(364) |
46% (168) |
54%(196) |
0% |
|
|
O.8% (3)
|
100%(3) |
0% |
0%
|
|
II. Securities Listed on the AMEX or any other national securities exchange
Non-directed orders as percentage of total customer orders 100%
Venues Receiving Non-Directed Orders:
Venue |
% of Non-Directed Order Flow |
Order Type |
|
||
|
|
Market Orders |
Limit Orders |
Other Orders |
|
American Stock Exchange |
100% (37) |
52%(19) |
48%(18) |
0% |
|
III. Securities Listed on the NASDAQ Stock Market
Non-directed orders as percentage of total customer orders 100%
Venues Receiving Non-Directed Orders:
Venue |
% of Non-Directed Order Flow |
Order Type |
|
||
|
|
Market Orders |
Limit Orders |
Other Orders |
|
ARCA Instinet Knight Sec Madoff & SIAC
|
5.6% ( 59) 91.6% (941) .02% (2) 2.6% (25) |
48 % (21) 0% (0) 2% (2) 46%(20) |
3.8%(38) 96.6% (941) 0% (0) .01% (5) |
0% 0% 0% 0% |
|
IV. Covered securities that are options contracts
None