1.2UBS Financial Services Inc202332023-10-31T20:29:02Z20237100.0093.960.201.114.74UBS SECURITIES LLCUBSS96.3696.3998.4297.6295.360.00000.00000.00000.00000.00000.00000.00000.0000Both UBSFS and UBS Securities LLC (UBSS) are registered broker-dealers that are wholly owned by UBS AG. UBSFS routes most of its customer held orders in NMS stocks to UBSS for further order handling. UBSS may then either execute the orders as principal or route the orders as agent to another venue for execution, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize 100% of any profits or losses generated by this activity. When handling UBSFS customer orders as agent, UBSS may route the orders to other venues, including but not limited to, national securities exchanges and broker-dealers. UBSS may receive volume adjusted fees and rebates from exchanges based on the exchange's volume-tier schedule publicly provided by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive any payment for order flow from or have any profit-sharing arrangement with UBSS. For more information about UBSS's routing of its customer orders in NMS securities and the material aspects of its relationships with its identified venues (including rebates received), see UBSS's quarterly public disclosure, available at: https://public.s3.com/rule606/ubss/100.0092.250.791.845.12UBS SECURITIES LLCUBSS99.7499.8899.8399.0697.200.00000.00000.00000.00000.00000.00000.00000.0000Both UBSFS and UBS Securities LLC (UBSS) are registered broker-dealers that are wholly owned by UBS AG. UBSFS routes most of its customer held orders in NMS stocks to UBSS for further order handling. UBSS may then either execute the orders as principal or route the orders as agent to another venue for execution, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize 100% of any profits or losses generated by this activity. When handling UBSFS customer orders as agent, UBSS may route the orders to other venues, including but not limited to, national securities exchanges and broker-dealers. UBSS may receive volume adjusted fees and rebates from exchanges based on the exchange's volume-tier schedule publicly provided by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive any payment for order flow from or have any profit-sharing arrangement with UBSS. For more information about UBSS's routing of its customer orders in NMS securities and the material aspects of its relationships with its identified venues (including rebates received), see UBSS's quarterly public disclosure, available at: https://public.s3.com/rule606/ubss/99.9651.7813.3231.053.84UBS SECURITIES LLCUBSS82.8181.4655.8596.0287.540.00000.00000.00000.00000.00000.00000.00000.0000Both UBSFS and UBS Securities LLC (UBSS) are registered broker-dealers that are wholly owned by UBS AG. UBSFS routes most of its customer held orders in NMS securities that are option contracts to UBSS for further order handling. Subject to the principles of best execution, UBSS then routes the orders as agent to other venues, including but not limited to, national securities exchanges and broker-dealers. UBSS may receive volume adjusted fees and rebates from exchanges based on the exchange's volume-tier schedule publicly provided by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive any payment for order flow from or have any profit-sharing arrangement with UBSS. For more information about UBSS's routing of its customer orders in NMS securities and the material aspects of its relationships with its identified venues (including rebates received), see UBSS's quarterly public disclosure, available at: https://public.s3.com/rule606/ubss/CBOE STOCK EXCHANGECBSX17.1618.5343.963.9612.46-1295.9010-2.97757116.727012.5242296.528012.8813345.070023.3787The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's publicly provided volume-tier schedule. Exchange fees and rebates may vary for specific clients, Please note that CBOE in its sole discretion may add, remove, and change volume tiers as well as exchange fees and rebates month-to-month. Overall transaction fees and rebates for CBOE transactions executed by UBSFS will vary month-to-month depending on trading activity level including volume and type of order flow. From time to time, the amount of rebates that UBSFS receives from an exchange may exceed the amount of fees that UBSFS is charged by such exchange. In these limited circumstances, the receipt of net payments from an exchange would constitute payment for order flow. More information about CBOE's pricing schedule is available at: http://www.cboe.com/trading-resources/fee-schedules Please note that UBSFS does not base equities or options order routing decisions on the receipt of payment for order flow. To the extent that any exchange provides UBSFS with a rebate or similar payment, such payments: (i) are provided according to exchange fee schedules and rules approved by the SEC; (ii) are not actively solicited or sought after by UBSFS; (iii) if received, are de minimus; and (iv) do not influence UBSFS's order routing practices, which are determined by UBSFS's duty of best execution. UBSFS effectively manages this potential conflict of interest by (i) providing customer disclosures regarding its payment for order flow practices; (ii) not seeking out or negotiating payments for order flow; and (iii) making order routing determinations wholly independently from any rebates or similar payments that UBSFS may receive.20238100.0095.000.180.903.92UBS SECURITIES LLCUBSS96.2596.2898.0295.6295.640.00000.00000.00000.00000.00000.00000.00000.0000Both UBSFS and UBS Securities LLC (UBSS) are registered broker-dealers that are wholly owned by UBS AG. UBSFS routes most of its customer held orders in NMS stocks to UBSS for further order handling. UBSS may then either execute the orders as principal or route the orders as agent to another venue for execution, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize 100% of any profits or losses generated by this activity. When handling UBSFS customer orders as agent, UBSS may route the orders to other venues, including but not limited to, national securities exchanges and broker-dealers. UBSS may receive volume adjusted fees and rebates from exchanges based on the exchange's volume-tier schedule publicly provided by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive any payment for order flow from or have any profit-sharing arrangement with UBSS. For more information about UBSS's routing of its customer orders in NMS securities and the material aspects of its relationships with its identified venues (including rebates received), see UBSS's quarterly public disclosure, available at: https://public.s3.com/rule606/ubss/100.0093.130.711.584.58UBS SECURITIES LLCUBSS99.6999.8799.6999.0996.040.00000.00000.00000.00000.00000.00000.00000.0000Both UBSFS and UBS Securities LLC (UBSS) are registered broker-dealers that are wholly owned by UBS AG. UBSFS routes most of its customer held orders in NMS stocks to UBSS for further order handling. UBSS may then either execute the orders as principal or route the orders as agent to another venue for execution, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize 100% of any profits or losses generated by this activity. When handling UBSFS customer orders as agent, UBSS may route the orders to other venues, including but not limited to, national securities exchanges and broker-dealers. UBSS may receive volume adjusted fees and rebates from exchanges based on the exchange's volume-tier schedule publicly provided by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive any payment for order flow from or have any profit-sharing arrangement with UBSS. For more information about UBSS's routing of its customer orders in NMS securities and the material aspects of its relationships with its identified venues (including rebates received), see UBSS's quarterly public disclosure, available at: https://public.s3.com/rule606/ubss/99.9950.7713.8131.463.96UBS SECURITIES LLCUBSS85.0685.6257.4895.3292.150.00000.00000.00000.00000.00000.00000.00000.0000Both UBSFS and UBS Securities LLC (UBSS) are registered broker-dealers that are wholly owned by UBS AG. UBSFS routes most of its customer held orders in NMS securities that are option contracts to UBSS for further order handling. Subject to the principles of best execution, UBSS then routes the orders as agent to other venues, including but not limited to, national securities exchanges and broker-dealers. UBSS may receive volume adjusted fees and rebates from exchanges based on the exchange's volume-tier schedule publicly provided by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive any payment for order flow from or have any profit-sharing arrangement with UBSS. For more information about UBSS's routing of its customer orders in NMS securities and the material aspects of its relationships with its identified venues (including rebates received), see UBSS's quarterly public disclosure, available at: https://public.s3.com/rule606/ubss/CBOE STOCK EXCHANGECBSX14.9114.3642.334.667.85-710.7140-1.572912818.292018.8882464.862015.8224325.988025.3687The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's publicly provided volume-tier schedule. Exchange fees and rebates may vary for specific clients, Please note that CBOE in its sole discretion may add, remove, and change volume tiers as well as exchange fees and rebates month-to-month. Overall transaction fees and rebates for CBOE transactions executed by UBSFS will vary month-to-month depending on trading activity level including volume and type of order flow. From time to time, the amount of rebates that UBSFS receives from an exchange may exceed the amount of fees that UBSFS is charged by such exchange. In these limited circumstances, the receipt of net payments from an exchange would constitute payment for order flow. More information about CBOE's pricing schedule is available at: http://www.cboe.com/trading-resources/fee-schedules Please note that UBSFS does not base equities or options order routing decisions on the receipt of payment for order flow. To the extent that any exchange provides UBSFS with a rebate or similar payment, such payments: (i) are provided according to exchange fee schedules and rules approved by the SEC; (ii) are not actively solicited or sought after by UBSFS; (iii) if received, are de minimus; and (iv) do not influence UBSFS's order routing practices, which are determined by UBSFS's duty of best execution. UBSFS effectively manages this potential conflict of interest by (i) providing customer disclosures regarding its payment for order flow practices; (ii) not seeking out or negotiating payments for order flow; and (iii) making order routing determinations wholly independently from any rebates or similar payments that UBSFS may receive.20239100.0095.650.140.673.54UBS SECURITIES LLCUBSS96.2296.2297.2493.7196.940.00000.00000.00000.00000.00000.00000.00000.0000Both UBSFS and UBS Securities LLC (UBSS) are registered broker-dealers that are wholly owned by UBS AG. UBSFS routes most of its customer held orders in NMS stocks to UBSS for further order handling. UBSS may then either execute the orders as principal or route the orders as agent to another venue for execution, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize 100% of any profits or losses generated by this activity. When handling UBSFS customer orders as agent, UBSS may route the orders to other venues, including but not limited to, national securities exchanges and broker-dealers. UBSS may receive volume adjusted fees and rebates from exchanges based on the exchange's volume-tier schedule publicly provided by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive any payment for order flow from or have any profit-sharing arrangement with UBSS. For more information about UBSS's routing of its customer orders in NMS securities and the material aspects of its relationships with its identified venues (including rebates received), see UBSS's quarterly public disclosure, available at: https://public.s3.com/rule606/ubss/100.0093.910.701.304.09UBS SECURITIES LLCUBSS99.7799.8799.8599.1397.740.00000.00000.00000.00000.00000.00000.00000.0000Both UBSFS and UBS Securities LLC (UBSS) are registered broker-dealers that are wholly owned by UBS AG. UBSFS routes most of its customer held orders in NMS stocks to UBSS for further order handling. UBSS may then either execute the orders as principal or route the orders as agent to another venue for execution, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize 100% of any profits or losses generated by this activity. When handling UBSFS customer orders as agent, UBSS may route the orders to other venues, including but not limited to, national securities exchanges and broker-dealers. UBSS may receive volume adjusted fees and rebates from exchanges based on the exchange's volume-tier schedule publicly provided by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive any payment for order flow from or have any profit-sharing arrangement with UBSS. For more information about UBSS's routing of its customer orders in NMS securities and the material aspects of its relationships with its identified venues (including rebates received), see UBSS's quarterly public disclosure, available at: https://public.s3.com/rule606/ubss/99.9954.3813.1928.803.63UBS SECURITIES LLCUBSS82.3880.4760.2295.6386.060.00000.00000.00000.00000.00000.00000.00000.0000Both UBSFS and UBS Securities LLC (UBSS) are registered broker-dealers that are wholly owned by UBS AG. UBSFS routes most of its customer held orders in NMS securities that are option contracts to UBSS for further order handling. Subject to the principles of best execution, UBSS then routes the orders as agent to other venues, including but not limited to, national securities exchanges and broker-dealers. UBSS may receive volume adjusted fees and rebates from exchanges based on the exchange's volume-tier schedule publicly provided by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive any payment for order flow from or have any profit-sharing arrangement with UBSS. For more information about UBSS's routing of its customer orders in NMS securities and the material aspects of its relationships with its identified venues (including rebates received), see UBSS's quarterly public disclosure, available at: https://public.s3.com/rule606/ubss/CBOE STOCK EXCHANGECBSX17.5319.4339.484.3513.94-1091.5910-2.55939158.998020.4196546.772016.94373821.469028.4972The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's publicly provided volume-tier schedule. Exchange fees and rebates may vary for specific clients, Please note that CBOE in its sole discretion may add, remove, and change volume tiers as well as exchange fees and rebates month-to-month. Overall transaction fees and rebates for CBOE transactions executed by UBSFS will vary month-to-month depending on trading activity level including volume and type of order flow. From time to time, the amount of rebates that UBSFS receives from an exchange may exceed the amount of fees that UBSFS is charged by such exchange. In these limited circumstances, the receipt of net payments from an exchange would constitute payment for order flow. More information about CBOE's pricing schedule is available at: http://www.cboe.com/trading-resources/fee-schedules Please note that UBSFS does not base equities or options order routing decisions on the receipt of payment for order flow. To the extent that any exchange provides UBSFS with a rebate or similar payment, such payments: (i) are provided according to exchange fee schedules and rules approved by the SEC; (ii) are not actively solicited or sought after by UBSFS; (iii) if received, are de minimus; and (iv) do not influence UBSFS's order routing practices, which are determined by UBSFS's duty of best execution. UBSFS effectively manages this potential conflict of interest by (i) providing customer disclosures regarding its payment for order flow practices; (ii) not seeking out or negotiating payments for order flow; and (iii) making order routing determinations wholly independently from any rebates or similar payments that UBSFS may receive.