SEC-Required Report on Routing of Customer Orders For Quarter Ending June 2008.Woodstock Financial Group, Inc. (“WFG”) has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The 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. For these non-directed orders, WFG routes all orders to its clearing firm, Southwest Securities. Southwest Securities may then execute the orders through their own trading desk, or they may route the orders to another market center. At this time, Woodstock Financial Group does not receive payment for order flow from any orders routed to Southwest Securities. WFG has listed below, the SEC 11AC1-6 report of Southwest Securities, Inc., the clearing firm that process all transactions for WFG. WFG has reviewed this report and believes that is a fair representation of the actual order routing of WFG customer orders.
The Rule requires that a quarterly report be divided into four sections:
1. Covered securities listed on the New York Stock Exchange, Inc. (“NYSE”) and reported as Network A eligible securities;
2. Covered securities listed on The NASDAQ Stock Market, Inc.;
3. Covered securities listed on the American Stock Exchange LLC (“AMEX”) or any of the regional stock exchanges and reported as Network B eligible securities;
4. Exchange-listed options.
For each section, this report identifies the venues most often selected by Southwest Securities, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Southwest Securities relationship with the venues (if applicable).
Material Aspects of Relationships: WFG routes all non-directed orders to Southwest Securities for execution. Southwest Securities can then either execute these orders through their own trading desk or route them to another market center.
Please be aware that these statistics do not account for all firms associated or serviced by SWST.
Select Report Below: