Download Page 1 of 5 Q1 2017 100.00% 95.64% 3.93% 0.43% 90.72

UBS Financial Services Inc.
1000 Harbor Boulevard
Weehawken, New Jersey 07086
(201) 352-3000
SEC Required Report on Routing of Customer Orders
For Quarter Ending March 31, 2017
UBS Financial Services Inc. 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, UBS Financial Services
Inc. has selected the execution venue on behalf of its customers.
The report is divided into four sections: one for securities listed on the New York Stock Exchange, one for securities listed on The Nasdaq Stock
Market, one for securities listed on the NYSE AMEX or regional exchanges, and one for exchange-listed options. For each section, this report identifies
the venues most often selected by UBS Financial Services Inc., sets forth the percentage of various types of orders routed to the venues, and discusses
the material aspects of UBS Financial Service’s relationship with the venues.
Securities Listed on New York Stock Exchange
Summary Statistics:
Q1 2017
Non-directed orders as percentage of total customer orders
100.00%
Market orders as percentage of total non-directed orders
Limit orders as percentage of total non-directed orders
Other orders as percentage of total non-directed orders
95.64%
3.93%
0.43%
Venues Receiving Significant Percentage of Total Non-Directed Orders:
1. UBS SECURITIES LLC
2. KNIGHT CAPITAL GROUP
3. CITI CAPITAL MARKETS
4. NEW YORK STOCK EXCHANGE
5. NYSE ALTERNEXT
6. NYSE ARCA
7. PHILADELPHIA STOCK EXCHANGE
90.72%
3.41%
2.94%
2.93%
0.00%
0.00%
0.00%
Information Concerning Significant Venues:
1. UBS SECURITIES LLC
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
90.63%
92.05%
98.88%
Material Aspects of Relationship with Venue:
UBS Financial Services Inc. is an affiliate of UBS Securities LLC. Both UBS Financial Services Inc. and UBS Securities LLC are registered
broker/dealers that are wholly owned by UBS AG, a publicly owned Swiss banking corporation. UBS Financial Services Inc. sends orders in certain
equity securities to UBS Securities LLC to execute on a principal or agency basis, subject to principles of best execution. UBS Securities LLC may have a
profit or loss when executing orders as principal. UBS Financial Services Inc. may have received sales credits for orders executed by UBS Securities
LLC, as principal, on behalf of clients of UBS Financial Services Inc.
2. KNIGHT CAPITAL GROUP
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
3.43%
3.42%
0.00%
Material Aspects of Relationship with Venue: None
3. CITI CAPITAL MARKETS
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
3.02%
1.15%
0.18%
Material Aspects of Relationship with Venue: None
4. NEW YORK STOCK EXCHANGE
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Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
2.92%
3.38%
0.94%
Material Aspects of Relationship with Venue: None
5. NYSE ALTERNEXT
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.00%
0.00%
Material Aspects of Relationship with Venue: None
Securities Listed on The Nasdaq Stock Market
Summary Statistics:
Q1 2017
Non-directed orders as percentage of total customer orders
100.00%
Market orders as percentage of total non-directed orders
Limit orders as percentage of total non-directed orders
Other orders as percentage of total non-directed orders
92.92%
6.51%
0.56%
Venues Receiving Significant Percentage of Total Non-Directed Orders:
1. UBS SECURITIES LLC
2. KNIGHT CAPITAL GROUP
3. NEW YORK
4. UBS OTC
5. NYSE ALTERNEXT
97.75%
2.24%
0.00%
0.00%
0.00%
Information Concerning Significant Venues:
1. UBS SECURITIES LLC
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
97.76%
97.54%
99.08%
Material Aspects of Relationship with Venue:
UBS Financial Services Inc. is an affiliate of UBS Securities LLC. Both UBS Financial Services Inc. and UBS Securities LLC are registered
broker/dealers that are wholly owned by UBS AG, a publicly owned Swiss banking corporation. UBS Financial Services Inc. sends orders in certain
equity securities to UBS Securities LLC to execute on a principal or agency basis, subject to principles of best execution. UBS Securities LLC may have a
profit or loss when executing orders as principal. UBS Financial Services Inc. may have received sales credits for orders executed by UBS Securities
LLC, as principal, on behalf of clients of UBS Financial Services Inc.
2. KNIGHT CAPITAL GROUP
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
2.24%
2.45%
0.92%
Material Aspects of Relationship with Venue: None
3. NEW YORK
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.01%
0.00%
Material Aspects of Relationship with Venue: None
4. UBS OTC
Types of Orders Routed to Venue:
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Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.00%
0.00%
Material Aspects of Relationship with Venue: None
5. NYSE ALTERNEXT
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.00%
0.00%
Material Aspects of Relationship with Venue: None
Securities Listed on NYSE AMEX or Regional Exchanges
Summary Statistics:
Q1 2017
Non-directed orders as percentage of total customer orders
100.00%
Market orders as percentage of total non-directed orders
Limit orders as percentage of total non-directed orders
Other orders as percentage of total non-directed orders
95.91%
3.59%
0.50%
Venues Receiving Significant Percentage of Total Non-Directed Orders:
1. UBS SECURITIES LLC
2. CITI CAPITAL MARKETS
3. NYSE ALTERNEXT
4. NYSE ARCA
5. KNIGHT CAPITAL GROUP
99.93%
0.06%
0.00%
0.01%
0.00%
Information Concerning Significant Venues:
1. UBS SECURITIES LLC
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
99.94%
99.72%
99.84%
Material Aspects of Relationship with Venue:
UBS Financial Services Inc. is an affiliate of UBS Securities LLC. Both UBS Financial Services Inc. and UBS Securities LLC are registered
broker/dealers that are wholly owned by UBS AG, a publicly owned Swiss banking corporation. UBS Financial Services Inc. sends orders in certain
equity securities to UBS Securities LLC to execute on a principal or agency basis, subject to principles of best execution. UBS Securities LLC may have a
profit or loss when executing orders as principal. UBS Financial Services Inc. may have received sales credits for orders executed by UBS Securities
LLC, as principal, on behalf of clients of UBS Financial Services Inc.
2. CITI CAPITAL MARKETS
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.05%
0.12%
0.03%
Material Aspects of Relationship with Venue: None
3. NYSE ALTERNEXT
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.09%
0.10%
Material Aspects of Relationship with Venue: None
4. NYSE ARCA
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
0.00%
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Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.07%
0.03%
Material Aspects of Relationship with Venue: None
5. NEW YORK
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.00%
0.00%
Material Aspects of Relationship with Venue: None
5. KNIGHT CAPITAL GROUP
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.00%
0.00%
Material Aspects of Relationship with Venue: None
Exchange Listed Options
Summary Statistics:
Q1 2017
Non-directed orders as percentage of total customer orders
100.00%
Market orders as percentage of total non-directed orders
Limit orders as percentage of total non-directed orders
Other orders as percentage of total non-directed orders
40.35%
59.63%
0.01%
Venues Receiving Significant Percentage of Total Non-Directed Orders:
1. Chicago Board Options Exchange
2. Susquehanna Investment Group
3. CITADEL
4. CITI CAPITAL MARKETS
5. Wolverine
6. American Stock Exchange
7. Archipelago Exchange
8. Philadelphia Stock Exchange
9. International Securities Exchange
10. MIAX
43.46%
14.56%
13.74%
13.20%
7.20%
3.75%
3.62%
0.25%
0.20%
0.00%
Information Concerning Significant Venues:
1. Chicago Board Options Exchange
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
1.93%
71.57%
0.00%
Material Aspects of Relationship with Venue: None
2. Susquehanna Investment Group
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
29.09%
4.73%
0.00%
Material Aspects of Relationship with Venue: None
3. CITADEL
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
27.84%
4.21%
0.00%
Material Aspects of Relationship with Venue: None
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4. CITI CAPITAL MARKETS
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
26.40%
4.26%
91.30%
Material Aspects of Relationship with Venue: None
5. Wolverine
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
14.38%
2.34%
0.00%
Material Aspects of Relationship with Venue: None
6. American Stock Exchange
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.14%
6.18%
8.70%
Material Aspects of Relationship with Venue: None
7. Archipelago Exchange
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.17%
5.95%
0.00%
Material Aspects of Relationship with Venue: None
8. Philadelphia Stock Exchange
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.03%
0.40%
0.00%
Material Aspects of Relationship with Venue: None
9. International Securities Exchange
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.01%
0.33%
0.00%
10. MIAX
Types of Orders Routed to Venue:
Market orders as percentage of total market orders
Limit orders as percentage of total limit orders
Other orders as percentage of total other orders
0.00%
0.00%
0.00%
Material Aspects of Relationship with Venue: None
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