1.2 NATIONAL FINANCIAL SERVICES LLC 2024 04 2025-01-30T05:08:17Z 2024 10 7.84 99.07 0.72 0.20 0.01 Citadel Securities LLC CDRG 28.73 29.36 15.65 20.32 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. G1 Execution Services, LLC ETMM 18.63 19.45 1.14 0.33 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. VIRTU Americas, LLC NITE 18.55 19.01 7.62 16.91 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Jane Street Capital, LLC JNST 15.93 16.64 0.88 0.10 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. National Financial Services LLC XSTM 11.19 11.11 6.45 0.23 97.52 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders may be routed to NFS’s Alternative Trading System, CrossStream. NFS is not charged an explicit fee for orders executed in CrossStream but may receive a trading commission from the contra-side party against which the order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Two Sigma Securities, LLC SOHO 1.38 1.44 0.09 0.04 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. HRT FINANCIAL LP HRTF 0.95 1.00 0.02 0.02 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. UBS Securities, LLC UBSS 0.85 0.89 0.05 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. StoneX Financial INC. INTL 0.82 0.86 0.03 0.04 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Intelligent Cross LLC INCR 0.31 0.00 7.38 9.09 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS may be charged fees for orders executed in Alternative Trading Systems. These fees are agreed upon between NFS and the Alternative Trading Systems or directly set by the Alternative Trading Systems. 3.46 99.15 0.40 0.29 0.16 Citadel Securities LLC CDRG 23.50 26.46 2.19 5.26 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. National Financial Services LLC XSTM 16.92 18.42 6.15 3.14 86.66 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders may be routed to NFS’s Alternative Trading System, CrossStream. NFS is not charged an explicit fee for orders executed in CrossStream but may receive a trading commission from the contra-side party against which the order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. VIRTU Americas, LLC NITE 15.78 17.76 1.30 4.80 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. G1 Execution Services, LLC ETMM 15.60 17.82 0.08 0.04 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Jane Street Capital, LLC JNST 13.57 15.49 0.14 0.03 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Two Sigma Securities, LLC SOHO 1.08 1.24 0.01 0.01 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. NASDAQ Execution Services, LLC NSDQ 0.78 0.03 4.69 12.22 0.17 -587 -14.5055 -955 -9.8838 -191 -8.6267 -3 -15.0000 NFS may be charged fees or receive rebates for orders executed on specific equities exchanges Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9908861.html Goldman, Sachs & Co. GSCO 0.77 0.00 6.59 4.55 0.00 0 0.0000 -245 -10.0000 -47 -10.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS may be charged fees for orders executed in Alternative Trading Systems. These fees are agreed upon between NFS and the Alternative Trading Systems or directly set by the Alternative Trading Systems. Intelligent Cross LLC INCR 0.74 0.00 6.23 4.72 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS may be charged fees for orders executed in Alternative Trading Systems. These fees are agreed upon between NFS and the Alternative Trading Systems or directly set by the Alternative Trading Systems. HRT FINANCIAL LP HRTF 0.72 0.82 0.01 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. UBS Securities, LLC UBSS 0.71 0.81 0.01 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed 99.77 0.00 0.00 0.00 100.00 Citadel Securities LLC CDRG 35.24 0.00 0.00 0.00 35.24 0 0.0000 0 0.0000 0 0.0000 -8955 -56.2068 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type.   NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Dash Financial Technologies LLC DASH 35.06 0.00 0.00 0.00 35.06 0 0.0000 0 0.0000 0 0.0000 -73 -0.3031 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type. NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. NYSE Arca Options ARCA 12.07 0.00 0.00 0.00 12.07 0 0.0000 0 0.0000 0 0.0000 1911 7.0000 NFS may be charged fees or receive rebates for orders executed on specific options exchanges. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tiers based on volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/arca-options/NYSE_Arca_Options_Fee_Schedule.pdf Information reflecting the ARCA tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9908862.html Cboe Options Exchange, Inc. CBOE 8.31 0.00 0.00 0.00 8.31 0 0.0000 0 0.0000 0 0.0000 -4106 -24.2600 NFS may be charged fees or receive rebates for orders executed on specific options exchanges. NFS does not negotiate, set rates for, or solicit payment for order flow on options orders. However, NFS may generate rebates (e.g. Marketing Fees) associated with the routing of orders to CBOE options exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tiers based on volume thresholds. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/options/membership/fee_schedule/ Information reflecting the CBOE tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9908862.html 2024 11 7.99 99.02 0.64 0.19 0.15 Citadel Securities LLC CDRG 33.52 33.47 38.68 42.38 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. VIRTU Americas, LLC NITE 18.23 18.20 17.69 35.47 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. G1 Execution Services, LLC ETMM 16.91 17.19 1.67 1.19 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Jane Street Capital, LLC JNST 13.84 14.07 1.50 0.85 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. National Financial Services LLC XSTM 11.01 11.10 3.70 0.11 37.85 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders may be routed to NFS’s Alternative Trading System, CrossStream. NFS is not charged an explicit fee for orders executed in CrossStream but may receive a trading commission from the contra-side party against which the order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. HRT FINANCIAL LP HRTF 2.13 2.16 0.34 0.17 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Two Sigma Securities, LLC SOHO 1.71 1.74 0.21 0.06 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. UBS Securities, LLC UBSS 0.86 0.88 0.08 0.06 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. StoneX Financial INC. INTL 0.85 0.87 0.08 0.06 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. New York Stock Exchange 0.10 0.00 0.00 0.11 61.51 0 0.0000 0 0.0000 0 0.0000 -110 -10.0000 NFS may be charged fees or receive rebates for orders executed on specific equities exchanges Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Information reflecting the NYSE tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9908864.html 2.76 97.05 1.00 1.69 0.26 Citadel Securities LLC CDRG 27.94 29.63 8.13 7.78 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. National Financial Services LLC XSTM 19.86 21.30 2.84 1.93 39.07 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders may be routed to NFS’s Alternative Trading System, CrossStream. NFS is not charged an explicit fee for orders executed in CrossStream but may receive a trading commission from the contra-side party against which the order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. VIRTU Americas, LLC NITE 15.25 16.05 4.87 7.48 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. G1 Execution Services, LLC ETMM 13.91 15.08 0.18 0.04 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Jane Street Capital, LLC JNST 11.40 12.35 0.27 0.02 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. HRT FINANCIAL LP HRTF 1.79 1.94 0.04 0.01 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Two Sigma Securities, LLC SOHO 1.41 1.53 0.01 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. NASDAQ Execution Services, LLC NSDQ 0.75 0.03 6.77 13.55 0.70 -811 -14.5107 -251 -8.1583 -236 -9.0077 -2 -15.0000 NFS may be charged fees or receive rebates for orders executed on specific equities exchanges Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9908864.html StoneX Financial INC. INTL 0.75 0.81 0.01 0.01 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. UBS Securities, LLC UBSS 0.72 0.78 0.02 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed 99.77 0.00 0.00 0.00 100.00 Dash Financial Technologies LLC DASH 20.34 0.00 0.00 0.00 20.34 0 0.0000 0 0.0000 0 0.0000 -985 -4.8809 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type. NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Citadel Securities LLC CDRG 20.30 0.00 0.00 0.00 20.30 0 0.0000 0 0.0000 0 0.0000 -4689 -19.4665 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type.   NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Wolverine Execution Services LLC WEXX 20.30 0.00 0.00 0.00 20.30 0 0.0000 0 0.0000 0 0.0000 -5650 -40.0265 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type. NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Susquehanna Capital Group SUSQ 20.29 0.00 0.00 0.00 20.29 0 0.0000 0 0.0000 0 0.0000 -2802 -38.9538 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type. NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. NYSE Arca Options ARCA 7.08 0.00 0.00 0.00 7.08 0 0.0000 0 0.0000 0 0.0000 51 0.1500 NFS may be charged fees or receive rebates for orders executed on specific options exchanges. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tiers based on volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/arca-options/NYSE_Arca_Options_Fee_Schedule.pdf Information reflecting the ARCA tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9917503.html 2024 12 9.74 99.38 0.47 0.09 0.06 Citadel Securities LLC CDRG 29.88 31.18 6.58 6.33 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Jane Street Capital, LLC JNST 16.36 17.23 0.83 0.07 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. VIRTU Americas, LLC NITE 15.09 15.74 3.05 5.04 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. G1 Execution Services, LLC ETMM 14.58 15.36 0.68 0.10 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. National Financial Services LLC XSTM 12.30 12.94 0.83 0.01 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders may be routed to NFS’s Alternative Trading System, CrossStream. NFS is not charged an explicit fee for orders executed in CrossStream but may receive a trading commission from the contra-side party against which the order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. HRT FINANCIAL LP HRTF 3.70 3.89 0.16 0.01 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Two Sigma Securities, LLC SOHO 2.23 2.35 0.11 0.03 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. NASDAQ Execution Services, LLC NSDQ 0.64 0.02 5.02 40.10 0.00 -630 -14.5000 -621 -14.4228 11 18.9962 0 0.0000 NFS may be charged fees or receive rebates for orders executed on specific equities exchanges Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9917505.html Intelligent Cross LLC INCR 0.59 0.00 12.15 7.65 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS may be charged fees for orders executed in Alternative Trading Systems. These fees are agreed upon between NFS and the Alternative Trading Systems or directly set by the Alternative Trading Systems. UBS Securities, LLC UBSS 0.52 0.55 0.02 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed 3.06 99.13 0.37 0.24 0.26 Citadel Securities LLC CDRG 27.16 28.08 10.20 4.77 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. National Financial Services LLC XSTM 20.55 21.27 5.55 1.89 53.78 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders may be routed to NFS’s Alternative Trading System, CrossStream. NFS is not charged an explicit fee for orders executed in CrossStream but may receive a trading commission from the contra-side party against which the order executed. Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Jane Street Capital, LLC JNST 14.87 15.54 0.56 0.05 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. VIRTU Americas, LLC NITE 13.83 14.25 5.37 4.28 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. G1 Execution Services, LLC ETMM 13.18 13.77 0.41 0.03 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. HRT FINANCIAL LP HRTF 3.34 3.49 0.13 0.01 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. Two Sigma Securities, LLC SOHO 2.06 2.15 0.08 0.01 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. NASDAQ Execution Services, LLC NSDQ 1.24 0.05 6.43 48.45 0.00 -1556 -14.5040 -273 -6.8843 -148 -5.5776 0 0.0000 NFS may be charged fees or receive rebates for orders executed on specific equities exchanges Rebates are generally for limit orders required to be displayed on exchange per the SEC Limit Order Display Rule but may also include marketable orders executed on certain exchanges. Economics associated with Market orders, Marketable Limit orders and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described on this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, and are non-negotiable. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9917505.html UBS Securities, LLC UBSS 0.48 0.50 0.01 0.01 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. StoneX Financial INC. INTL 0.47 0.49 0.01 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Orders to each venue are categorized as “market”, “limit” or “other” based on the parameters of the order placed by the customer. Limit orders are categorized as “marketable limit” and “non-marketable limit” based on the market conditions at the time the order is routed. NFS does not accept payment for order flow, rebates, or other remuneration from this venue. 99.86 0.01 0.00 0.00 99.99 Dash Financial Technologies LLC DASH 20.60 0.00 0.00 0.00 20.60 0 0.0000 0 0.0000 0 0.0000 .398 -2.6567 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type. NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Wolverine Execution Services LLC WEXX 20.88 0.00 0.00 0.00 20.88 0 0.0000 0 0.0000 0 0.0000 -6687 -36.7400 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type. NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Susquehanna Capital Group SUSQ 20.84 0.00 0.00 0.00 20.84 0 0.0000 0 0.0000 0 0.0000 -5700 -44.7512 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type. NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Citadel Securities LLC CDRG 20.77 0.00 0.00 0.00 20.77 0 0.0000 0 0.0000 0 0.0000 -4973 -31.9196 NFS receives payment for order flow on multi-leg and single-leg option orders routed to market makers. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. All market makers pay the same rate for any given order flow type.   NFS does not consider payment as a condition for sending more order flow to a market maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement, all options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. NYSE Arca Options ARCA 5.96 0.00 0.00 0.00 5.96 0 0.0000 0 0.0000 0 0.0000 4928 14.7400 NFS may be charged fees or receive rebates for orders executed on specific options exchanges. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tiers based on volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/arca-options/NYSE_Arca_Options_Fee_Schedule.pdf Information reflecting the ARCA tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9917506.html