1.3
Charles Schwab
2022
2
2022-07-16T02:40:08Z
2022
04
99.66
57.58
4.45
29.34
8.63
CITADEL SECURITIES LLC
31.08
31.67
28.89
27.49
40.56
247019.90
10.0000
37818.53
10.0021
189697.57
32.9990
44004.34
10.1743
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Virtu Americas, LLC
23.00
24.17
23.69
16.97
35.32
224873.33
9.9893
33983.92
10.0000
110343.29
32.9963
28535.13
8.9666
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
G1 Execution Services, LLC
20.10
17.41
20.42
27.65
12.24
151548.77
10.0000
23222.14
10.0000
206575.77
32.8083
30990.69
14.9633
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
JANEST
11.14
17.65
15.90
0.08
2.86
158316.07
10.0056
20855.04
10.0000
1284.05
22.1044
9218.05
10.0643
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
UBS Securities, LLC
10.69
6.30
7.48
20.74
7.45
55213.28
9.9959
20197.78
10.4383
138104.16
31.5850
24150.46
17.5929
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Two Sigma Securities, LLC
2.92
1.99
2.21
5.36
1.19
19380.08
10.0000
3153.44
10.0016
37531.89
31.4795
3663.01
16.9888
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
The Nasdaq Stock Market
0.65
0.78
1.35
0.42
0.20
0.00
0.0000
-6744.93
-29.8940
3346.29
32.4801
-6602.74
-10.3411
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
Members Exchange (MEMX)
0.23
0.00
0.02
0.74
0.09
0.00
0.0000
0.00
0.0000
4083.66
35.0000
326.57
34.9999
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0037 per share. Schwab is charged for removing liquidity from this venue up to $0.0029.Schwab has an ownership interest in the Members Exchange.
Cboe EDGX Exchange, Inc.
0.19
0.04
0.03
0.55
0.10
-19.55
-0.6761
-1435.13
-29.1498
3032.78
30.8181
0.00
0.0000
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
99.40
54.90
6.50
30.13
8.47
CITADEL SECURITIES LLC
29.82
29.35
29.01
27.45
41.96
884965.53
10.0000
274694.27
10.0003
702680.96
28.7179
135254.97
8.1725
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Virtu Americas, LLC
22.56
23.28
23.76
17.06
36.46
786227.17
9.9964
235477.78
9.9986
389601.43
28.8189
86719.92
6.9421
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
G1 Execution Services, LLC
20.94
18.78
20.14
27.74
11.34
549118.43
10.0000
161013.94
10.0000
755775.64
28.5248
78920.08
14.1664
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
JANEST
11.58
18.85
15.99
0.07
1.99
538210.47
10.0078
138594.90
10.0000
4691.33
20.8149
18493.18
10.0483
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
UBS Securities, LLC
11.03
6.80
7.40
20.63
6.99
199970.36
9.9793
134012.54
10.0919
488052.91
27.9420
78481.20
16.1629
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Two Sigma Securities, LLC
2.98
2.13
2.17
5.27
0.98
66297.97
9.9997
21534.60
10.0131
123073.57
27.3512
8163.75
13.9002
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
The Nasdaq Stock Market
0.65
0.78
1.27
0.42
0.15
0.00
0.0000
-23187.61
-28.4391
10616.19
29.4628
-22247.84
-9.3221
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
Cboe EDGX Exchange, Inc.
0.23
0.02
0.25
0.63
0.07
-87.96
-0.7125
-7929.39
-19.0330
10322.21
21.7810
0.00
0.0000
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
Members Exchange (MEMX)
0.22
0.00
0.01
0.72
0.06
0.00
0.0000
0.00
0.0000
14751.06
32.7000
495.08
32.6999
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0037 per share. Schwab is charged for removing liquidity from this venue up to $0.0029.Schwab has an ownership interest in the Members Exchange.
100.00
13.54
5.97
51.21
29.28
CITADEL SECURITIES LLC
28.96
26.64
28.13
28.07
31.76
1127588.48
57.3810
1148810.98
61.0071
1346628.42
53.5009
386118.36
18.9126
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Global Execution Brokers LP
24.77
26.44
26.83
26.72
20.18
1153692.19
57.3726
968696.68
60.8927
1571724.18
61.5509
704473.39
49.9178
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Wolverine Execution Services, LLC
24.27
21.46
21.77
23.20
27.95
992767.77
60.3885
893627.95
65.4673
1461134.86
60.9736
1079927.21
51.3159
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Dash/IMC Financial Markets
20.88
23.93
21.40
20.45
20.11
1139420.17
54.2978
691593.48
54.5544
1176848.57
54.3502
893416.04
48.6522
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker. In connection with Dash’s handling of Charles Schwab’s retail equity option orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, designed to facilitate liquidity provision and price improvement opportunities. Pursuant to these arrangements, Dash routes Charles Schwab’s retail equity option orders to exchanges and preferences the liquidity providers consistent with exchange sponsored programs which are described in the fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Schwab’s retail equity options orders, including reciprocal order flow consideration or payment per contract in return for Schwab retail equity options orders that Dash routes or directs.
Morgan Stanley & Co., LLC
1.12
1.53
1.87
1.55
0.01
89076.03
75.1373
104624.56
83.6742
96633.57
69.5876
1110.61
106.6868
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
2022
05
99.74
58.49
4.19
29.37
7.96
CITADEL SECURITIES LLC
30.55
30.69
28.68
28.11
39.50
260812.41
10.0000
38886.82
10.0013
216162.74
32.9999
43325.23
10.6407
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Virtu Americas, LLC
23.23
24.85
24.39
16.98
33.75
250322.90
9.9887
37909.16
10.0000
119961.17
32.9957
28237.25
9.1880
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
G1 Execution Services, LLC
20.45
17.58
20.11
28.09
13.55
164744.89
10.0000
25247.65
10.0000
227959.17
32.8513
31986.72
15.1780
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
JANEST
11.58
18.09
16.32
0.11
3.53
175208.75
10.0092
23148.97
10.0000
2050.76
25.9705
10976.99
10.1362
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
UBS Securities, LLC
9.88
5.61
6.90
19.42
7.63
48076.16
9.9914
22699.41
10.0532
146692.89
31.5399
23128.44
17.9324
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Two Sigma Securities, LLC
2.97
1.99
2.25
5.44
1.43
20552.95
10.0000
3317.12
10.0063
43167.54
31.2311
4174.18
16.9575
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
The Nasdaq Stock Market
0.88
1.15
1.27
0.45
0.30
0.00
0.0000
-52.61
-0.1241
3725.87
32.4999
0.00
0.0000
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
Members Exchange (MEMX)
0.25
0.00
0.03
0.80
0.14
0.00
0.0000
0.00
0.0000
5082.90
35.0000
355.40
35.0003
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0037 per share. Schwab is charged for removing liquidity from this venue up to $0.0029.Schwab has an ownership interest in the Members Exchange.
Cboe EDGX Exchange, Inc.
0.22
0.05
0.04
0.61
0.17
-30.40
-0.3131
-4749.21
-29.4502
5244.61
30.6949
0.00
0.0000
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
99.32
55.50
6.21
29.47
8.81
CITADEL SECURITIES LLC
29.67
28.70
28.39
28.19
41.65
1059350.33
10.0000
322711.49
10.0039
754289.26
29.3069
160344.80
8.5153
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Virtu Americas, LLC
22.95
23.91
24.51
16.99
35.72
952865.12
9.9975
271563.34
9.9990
422378.88
29.2009
101473.30
7.2427
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
G1 Execution Services, LLC
20.92
18.70
19.99
28.01
11.80
665415.91
10.0000
183363.73
10.0000
815709.73
29.2798
93400.54
13.8498
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
JANEST
11.93
19.23
16.36
0.10
2.47
683056.71
10.0068
169360.64
10.0000
6548.76
20.9135
24391.43
10.0692
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
UBS Securities, LLC
10.02
5.99
6.82
19.24
6.82
212182.64
9.9839
153596.04
10.0654
508374.02
28.2288
83351.71
16.1303
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Two Sigma Securities, LLC
3.00
2.11
2.32
5.40
1.12
81093.05
9.9998
25856.01
9.9976
139817.57
28.2710
11764.61
14.7661
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
The Nasdaq Stock Market
0.92
1.24
1.18
0.47
0.23
0.00
0.0000
-1245.75
-0.8467
14067.68
29.7427
-3271.50
-0.8753
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
Cboe EDGX Exchange, Inc.
0.34
0.12
0.43
0.79
0.11
-338.57
-1.8965
-14846.29
-15.2298
9951.68
12.4478
0.00
0.0000
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
Members Exchange (MEMX)
0.25
0.00
0.02
0.81
0.09
0.00
0.0000
0.00
0.0000
17844.88
32.8000
765.96
32.8002
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0037 per share. Schwab is charged for removing liquidity from this venue up to $0.0029.Schwab has an ownership interest in the Members Exchange.
100.00
14.59
5.89
51.31
28.21
CITADEL SECURITIES LLC
29.27
26.91
28.51
28.35
32.32
1222506.46
55.0674
1145944.22
58.8161
1414550.69
51.5823
329313.79
15.5395
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Global Execution Brokers LP
24.15
25.66
25.54
25.88
19.92
1225084.06
56.3526
935176.12
60.6165
1683846.41
61.8896
728177.18
49.8318
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Wolverine Execution Services, LLC
24.12
21.58
22.05
23.53
26.94
1100421.71
59.2623
943469.73
65.1826
1598996.86
60.7050
1044050.33
51.0321
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Dash/IMC Financial Markets
21.41
24.43
22.14
20.80
20.81
1334183.72
54.0272
753371.75
55.0672
1273718.24
54.8491
934379.26
48.5283
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker. In connection with Dash’s handling of Charles Schwab’s retail equity option orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, designed to facilitate liquidity provision and price improvement opportunities. Pursuant to these arrangements, Dash routes Charles Schwab’s retail equity option orders to exchanges and preferences the liquidity providers consistent with exchange sponsored programs which are described in the fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Schwab’s retail equity options orders, including reciprocal order flow consideration or payment per contract in return for Schwab retail equity options orders that Dash routes or directs.
Morgan Stanley & Co., LLC
1.05
1.42
1.75
1.43
0.01
89937.27
69.8884
122215.58
79.1050
96413.19
68.0308
1115.10
73.7013
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
2022
06
99.74
60.00
4.24
28.05
7.71
CITADEL SECURITIES LLC
30.37
30.47
28.36
28.01
39.30
240579.56
10.0000
35341.77
10.0009
183603.81
32.9999
38432.37
10.4982
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Virtu Americas, LLC
23.11
24.74
24.33
16.81
32.59
237289.88
9.9903
34130.26
9.9996
99700.19
32.9858
24315.01
9.3065
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
G1 Execution Services, LLC
20.25
17.52
19.25
27.94
14.05
151743.02
10.0000
21513.97
10.0000
189651.44
32.7606
27568.69
14.5019
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
JANEST
12.76
19.43
18.18
0.10
3.94
176100.48
10.0077
22318.13
10.0000
1618.47
24.1935
10417.08
10.0528
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
UBS Securities, LLC
10.01
5.72
7.01
20.11
8.28
39838.71
9.9998
22862.95
10.1221
123559.39
31.4026
19435.82
17.1786
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Two Sigma Securities, LLC
2.81
1.86
2.05
5.32
1.43
17885.92
9.9998
3187.68
10.3750
33458.96
31.5266
3208.61
17.4286
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
The Nasdaq Stock Market
0.31
0.26
0.59
0.43
0.15
0.00
0.0000
-18.94
-0.1685
2220.55
32.5000
0.00
0.0000
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
Members Exchange (MEMX)
0.22
0.00
0.02
0.73
0.13
0.00
0.0000
0.00
0.0000
3589.44
35.0000
180.88
35.0000
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0037 per share. Schwab is charged for removing liquidity from this venue up to $0.0029.Schwab has an ownership interest in the Members Exchange.
Cboe EDGX Exchange, Inc.
0.18
0.01
0.21
0.54
0.13
-13.02
-0.5204
-1327.81
-27.2384
3712.97
30.6520
0.00
0.0000
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
99.39
55.37
6.39
29.25
8.98
CITADEL SECURITIES LLC
29.50
28.52
27.77
27.95
41.77
954824.81
10.0000
276736.65
10.0101
669505.79
28.3275
142441.69
8.1353
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Virtu Americas, LLC
22.75
23.80
23.93
16.69
35.16
879153.28
9.9958
237693.86
9.9998
363397.05
28.4707
90289.92
7.0316
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
G1 Execution Services, LLC
20.80
18.67
18.89
27.97
11.92
599169.11
10.0000
157247.84
10.0000
724300.45
28.2820
84247.22
13.4095
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
JANEST
12.86
20.66
18.28
0.09
2.53
672392.66
10.0059
169759.05
10.0000
5321.48
15.5466
23268.00
10.0580
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
UBS Securities, LLC
10.33
6.09
6.68
20.12
7.20
193404.51
9.9889
131514.01
10.1104
445425.35
27.8509
73285.73
15.5822
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Two Sigma Securities, LLC
2.86
1.97
2.03
5.30
1.04
68473.74
9.9989
20893.82
10.0027
117475.31
26.7425
8889.19
13.2813
Schwab receives payment for listed equity order flow routed to market makers. For marketable orders the payment rate is $0.001 per share or less, for non-marketable orders the rate is $0.0033 per share or less, and for extended hours orders the rate is $0.0006 per share or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
The Nasdaq Stock Market
0.38
0.27
1.19
0.48
0.15
0.00
0.0000
-9236.44
-9.1271
9057.22
24.3131
-12989.22
-7.7987
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
Cboe EDGX Exchange, Inc.
0.30
0.03
1.21
0.66
0.16
-51.98
-0.8983
-25071.84
-13.3074
-483.29
-0.4015
0.00
0.0000
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.
Members Exchange (MEMX)
0.23
0.00
0.01
0.75
0.07
0.00
0.0000
0.00
0.0000
13947.35
32.3000
486.53
32.2999
For Non-Marketable Limit orders that added liquidity, and which subsequently executed, Schwab receives a credit up to $0.0037 per share. Schwab is charged for removing liquidity from this venue up to $0.0029.Schwab has an ownership interest in the Members Exchange.
100.00
13.38
5.96
50.78
29.88
CITADEL SECURITIES LLC
29.88
27.13
28.54
28.58
33.61
1070852.91
53.6368
1067239.11
58.7275
1238193.12
50.6566
198303.36
9.1664
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Global Execution Brokers LP
24.05
25.74
25.88
25.92
19.73
1104979.80
56.7868
910764.77
61.1020
1495443.85
61.7683
657389.06
49.7624
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Wolverine Execution Services, LLC
23.97
21.91
22.16
23.55
25.97
986705.83
58.9494
842882.08
64.3333
1450283.79
60.6499
983972.12
50.9165
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.
Dash/IMC Financial Markets
21.00
23.79
21.59
20.38
20.69
1222076.66
54.4174
680707.21
54.8424
1114179.19
54.7473
837738.68
48.4384
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker. In connection with Dash’s handling of Charles Schwab’s retail equity option orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC, designed to facilitate liquidity provision and price improvement opportunities. Pursuant to these arrangements, Dash routes Charles Schwab’s retail equity option orders to exchanges and preferences the liquidity providers consistent with exchange sponsored programs which are described in the fee schedules of the options exchanges. It is noted that these liquidity providers provide Dash with remuneration in connection with Schwab’s retail equity options orders, including reciprocal order flow consideration or payment per contract in return for Schwab retail equity options orders that Dash routes or directs.
Morgan Stanley & Co., LLC
1.10
1.43
1.84
1.57
0.00
81903.88
72.0452
114286.13
81.9543
82161.99
70.3701
1340.72
89.3218
Schwab receives payment for multi-listed option order flow routed to market makers. For non-complex marketable orders the payment rate is $1.49 per contract or less (for classes in the penny interval program the rate is $0.51 per contract or less). For complex orders the payment rate is $0.93 per contract or less (for classes in the penny interval program the rate is $0.43 per contract or less). For non-marketable orders the payment rate is $0.98 per contract or less. All market makers pay the same rate to Schwab for any given order flow type. Schwab does not negotiate payment as a condition for sending more order flow to a market maker.