NASDAQ Securities
.....
First Quarter 2005
| Non-Directed Orders as a Percentage of Total Customer Orders Having a Market Value Less Than $200,000: | 100 % |
||||||||||||||||||
| Percentage of Non-Directed
Customer Orders That Were: |
Market |
Limit |
Other (includes "Not Held") |
||||||||||||||||
| 0% |
0% |
100% |
|||||||||||||||||
| Routing Information Concerning
Significant Venues
All information relates to customer orders
of less than $200,000 |
|||||||||||||||||||
| Percentage of Orders
Routed to Significant Venues |
Total Non-Directed
Orders |
Non-Directed Market
Orders |
Non-Directed Limit
Orders |
Non-Directed Other
Orders |
Relationship |
||||||||||||||
| Instinet |
11.18 % |
0% |
0% |
11.18% |
|
||||||||||||||
| Archipelago |
18.47 % |
0% |
0% |
18.47 % |
|
||||||||||||||
| NYSE |
35.31 % |
0% |
0% |
35.31 % |
|
||||||||||||||
Brut |
8.49 % |
0% |
0% |
8.49% |
|
||||||||||||||
Island |
9.13 % | 0% |
0% |
9.13 % |
|
||||||||||||||
| INCA |
10.05 % |
0% |
0% |
10.05 % |
|
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