Report on Routing Customers
Orders
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 |
|
|
98.7% (235) |
0% |
100% |
0% |
|
|
1.3% (
3) |
0% |
100% |
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% (61) |
0% |
100% |
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 |
11.7% ( 31) 88.3% (235) |
0% 0% |
100% 100% |
0% 0% |
|
IV. Covered securities that are
options contracts
None