1.2UBS Financial Services Inc202532025-10-30T17:40:21Z20257100.0087.075.872.894.17JANE STREET CAPITAL, LLCJNST32.4036.400.410.0915.580.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.UBS SECURITIES LLCUBSS12.238.5261.0024.0312.880.00000.00000.00000.00000.00000.00000.00000.0000Both 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 route the orders as agent to other venues for execution or, with respect to UBSFS's brokerage customer orders, UBSS may execute such orders on a principal basis, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize any of the 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. When UBSS routes orders to certain securities exchanges, UBSS may qualify for volume-based fees and rebates from such exchanges based on the volume-tier schedule published by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive or make 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/KNIGHT LINKKNLI11.7212.861.170.0310.790.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.Citadel Securities LLCCDRG11.4012.751.250.045.480.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.HUDSON RIVER TRADING (HRT)HRTF10.3411.571.180.034.740.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.G1 Execution Services, LLCETMM10.0511.300.110.035.040.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.TWO SIGMA SECURITIES, LLCSOHO3.103.401.100.031.800.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.100.0075.8718.672.033.42JANE STREET CAPITAL, LLCJNST28.6636.530.440.4723.710.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.UBS SECURITIES LLCUBSS11.707.3028.6225.019.690.00000.00000.00000.00000.00000.00000.00000.0000Both 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 route the orders as agent to other venues for execution or, with respect to UBSFS's brokerage customer orders, UBSS may execute such orders on a principal basis, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize any of the 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. When UBSS routes orders to certain securities exchanges, UBSS may qualify for volume-based fees and rebates from such exchanges based on the volume-tier schedule published by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive or make 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/KNIGHT LINKKNLI11.3613.144.240.1717.180.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.Citadel Securities LLCCDRG10.8512.973.820.198.620.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.HUDSON RIVER TRADING (HRT)HRTF9.8011.683.510.188.130.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.G1 Execution Services, LLCETMM8.8911.350.130.127.480.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.TWO SIGMA SECURITIES, LLCSOHO3.313.463.120.072.850.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.CBOE EDGX U.S. EQUITIES EXCHANGEEDGX2.330.347.5232.230.460.00000.00000.00000.00000.00000.00000.00000.0000The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's published volume-tier schedule. 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.NYSE ARCAARCX1.950.387.644.963.770.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.INVESTORS EXCHANGEIEXG1.890.408.390.500.310.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.99.9633.9826.1836.463.38Susquehanna Investment GroupSIGL25.7927.608.0736.9324.640.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.CITADEL SECURITIESCDED25.2926.627.4136.4130.360.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.BOX OPTIONS EXCHANGEXBOX16.0114.8520.0015.720.00-15.5553-0.0016-16.1244-0.0016-17.6704-0.00160.00000.0000The net payments reflected above solely include transaction fees paid to and rebates received from BOX Options Exchange, by UBSFS, in accordance with BOX Options Exchange published volume-tier schedule. At the end of July 2025, UBSFS was charged a fee of $0.85 per quantity for professional customer non-auction transactions and received a rebate of $0.21758 per quantity for public customer non-auction transactions and $0.50 per quantity for public customer complex to complex orders. UBSFS qualified for the applicable volume-based rebate tier. Please note that BOX Options Exchange 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 BOX Options Exchange 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 BOX Options Exchange pricing schedule is available at: https://boxexchange.com/regulatory/fees/. 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 minimis; 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.CBOE STOCK EXCHANGECBSX9.5815.2312.272.686.32-3314.6661-3.2260-2184.5283-3.2260-985.5154-3.2260-128.7502-3.2260The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's published volume-tier schedule. At the end of July 2025, UBSFS was charged $0.18 per share for customer liquidity removal of >=100 ETF contracts, $0.00 per share for customer liquidity removal on <100 ETF contracts, $0.00 per share for customer liquidity addition on ETF contracts, $0.00 per share for customer Equity and ETF, $0.45 per share for customer premium >=$1.00 on SPX and SPESG, $0.36 per share for customer premium <$1.00 on SPX and SPESG, $0.45 per share for customer premium >=$2.00 on VIX Complex, $0.17 per share for customer premium $0.11-$0.99 on VIX Complex, $0.001 per share for Equity Leg - Cowen capped at $50/execution and received a rebate of $0.30 per share for customer XSP contracts <10. UBSFS' volume tier for the month was Tier 1. 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. 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 minimis; 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.NYSE AMERICAN OPTIONSAMXO5.375.5911.721.090.000.00000.00000.00000.00000.00000.00000.00000.0000When routing orders to this market center for execution, UBSS may qualify for volume-based fees and rebates based on the volume-tier schedule publicly provided by this market center. However, UBSS does not pass through to UBSFS the rebates or fees applicable to UBSFS's customer orders.PHILADELPHIA OPTIONS EXCHANGEXPHO5.254.6513.730.180.180.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.NYSE ARCA OPTIONSARCO4.660.6816.740.160.000.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.20258100.0088.885.612.043.46JANE STREET CAPITAL, LLCJNST32.4235.710.490.0018.610.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.Citadel Securities LLCCDRG12.1713.351.030.007.230.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.KNIGHT LINKKNLI11.5712.470.860.0012.850.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.G1 Execution Services, LLCETMM11.3212.470.130.006.670.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.UBS SECURITIES LLCUBSS11.017.6558.0024.9112.940.00000.00000.00000.00000.00000.00000.00000.0000Both 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 route the orders as agent to other venues for execution or, with respect to UBSFS's brokerage customer orders, UBSS may execute such orders on a principal basis, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize any of the 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. When UBSS routes orders to certain securities exchanges, UBSS may qualify for volume-based fees and rebates from such exchanges based on the volume-tier schedule published by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive or make 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/HUDSON RIVER TRADING (HRT)HRTF9.7710.720.830.005.620.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.TWO SIGMA SECURITIES, LLCSOHO4.144.490.890.012.810.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.100.0075.2418.952.313.50JANE STREET CAPITAL, LLCJNST27.1934.830.460.4323.370.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.UBS SECURITIES LLCUBSS12.027.7628.2523.438.840.00000.00000.00000.00000.00000.00000.00000.0000Both 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 route the orders as agent to other venues for execution or, with respect to UBSFS's brokerage customer orders, UBSS may execute such orders on a principal basis, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize any of the 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. When UBSS routes orders to certain securities exchanges, UBSS may qualify for volume-based fees and rebates from such exchanges based on the volume-tier schedule published by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive or make 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/Citadel Securities LLCCDRG10.9613.283.430.259.040.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.KNIGHT LINKKNLI10.6212.493.540.1715.840.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.G1 Execution Services, LLCETMM9.4412.090.150.198.840.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.HUDSON RIVER TRADING (HRT)HRTF8.7510.503.120.217.270.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.TWO SIGMA SECURITIES, LLCSOHO4.074.453.090.093.860.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.NASDAQ - ALL MARKETSXNAS2.900.758.7216.408.8152.45610.1331152.76570.133135.04510.133128.48680.1331The net payments reflected above solely include transaction fees paid to and rebates received from Nasdaq ISE, by UBSFS, in accordance with Nasdaq ISE published volume-tier schedule. At the end of August 2025, UBSFS was charged a fee of $1.15 per quantity for complex farmm, firm, BD, professional tker non-penny, $0.20 per quantity for complex non-cust vs non-cust in non-penny, $0.00 per quantity for complex priority custom maker, $0.00 per quantity for complex priority custom taker, $0.60 per quantity for customer penny route, $0.00 per quantity for non-penny priority customer taker fee, $0.00 per quantity for penny priority customer adder and $0.39 per quantity for penny priority customer taker. Please note that Nasdaq ISE 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 Nasdaq ISE 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 Nasdaq ISE pricing schedule is available at: https://www.nasdaqtrader.com/trader.aspx?id=bx_pricing. 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 minimis; 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.CBOE EDGX U.S. EQUITIES EXCHANGEEDGX2.560.477.3535.240.130.00000.00000.00000.00000.00000.00000.00000.0000The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's published volume-tier schedule. 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.INVESTORS EXCHANGEIEXG2.040.578.420.420.060.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.99.9736.8726.6133.133.40Susquehanna Investment GroupSIGL24.5326.206.9136.9522.020.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.CITADEL SECURITIESCDED24.2124.906.6337.6124.320.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.BOX OPTIONS EXCHANGEXBOX16.3216.5718.2816.150.00-92.8269-0.0060-73.9055-0.0060-81.2675-0.00600.00000.0000The net payments reflected above solely include transaction fees paid to and rebates received from BOX Options Exchange, by UBSFS, in accordance with BOX Options Exchange published volume-tier schedule. At the end of August 2025, UBSFS received a rebate of $0.2967 per quantity for public customer non-auction transactions and $0.5579 per quantity for public customer complex to complex orders. UBSFS qualified for the applicable volume-based rebate tier. Please note that BOX Options Exchange 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 BOX Options Exchange 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 BOX Options Exchange pricing schedule is available at: https://boxexchange.com/regulatory/fees/. 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 minimis; 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.CBOE STOCK EXCHANGECBSX9.0812.0912.662.888.94-2050.5006-2.1024-1830.6749-2.1024-574.4354-2.1024-163.8391-2.1024The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's published volume-tier schedule. At the end of August 2025, UBSFS was charged $0.18 per share for customer liquidity removal of >=100 ETF contracts, $0.00 per share for customer liquidity removal on <100 ETF contracts, $0.00 per share for customer liquidity addition on ETF contracts, $0.00 per share for customer Equity and ETF, $0.45 per share for customer premium >=$1.00 on SPX and SPESG, $0.36 per share for customer premium <$1.00 on SPX and SPESG, $0.45 per share for customer premium >=$1.00 on SPX and SPESG, $0.17 per share for customer premium $0.11-$0.99 on VIX Complex, $0.30 per share for customer premium $1.00-$1.99 on VIX Complex and received a rebate of $0.30 per share for customer XSP contracts <10. UBSFS' volume tier for the month was Tier 1. 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. 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 minimis; 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.PHILADELPHIA OPTIONS EXCHANGEXPHO6.406.5514.820.120.080.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.NYSE AMERICAN OPTIONSAMXO5.957.4011.770.270.000.00000.00000.00000.00000.00000.00000.00000.0000When routing orders to this market center for execution, UBSS may qualify for volume-based fees and rebates based on the volume-tier schedule publicly provided by this market center. However, UBSS does not pass through to UBSFS the rebates or fees applicable to UBSFS's customer orders.NYSE ARCA OPTIONSARCO5.281.0018.380.080.000.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.20259100.0087.545.792.664.01JANE STREET CAPITAL, LLCJNST28.3831.600.340.0016.740.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.Citadel Securities LLCCDRG15.7517.471.280.019.510.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.KNIGHT LINKKNLI11.4212.401.090.0112.350.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.G1 Execution Services, LLCETMM11.2112.480.140.006.970.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.UBS SECURITIES LLCUBSS10.987.5356.3023.8412.610.00000.00000.00000.00000.00000.00000.00000.0000Both 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 route the orders as agent to other venues for execution or, with respect to UBSFS's brokerage customer orders, UBSS may execute such orders on a principal basis, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize any of the 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. When UBSS routes orders to certain securities exchanges, UBSS may qualify for volume-based fees and rebates from such exchanges based on the volume-tier schedule published by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive or make 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/HUDSON RIVER TRADING (HRT)HRTF9.7110.761.130.015.530.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.TWO SIGMA SECURITIES, LLCSOHO4.094.471.040.012.820.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.100.0073.0621.052.183.70JANE STREET CAPITAL, LLCJNST23.5930.960.360.2923.000.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.Citadel Securities LLCCDRG13.7817.083.930.2812.650.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.UBS SECURITIES LLCUBSS11.917.3426.6424.1511.760.00000.00000.00000.00000.00000.00000.00000.0000Both 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 route the orders as agent to other venues for execution or, with respect to UBSFS's brokerage customer orders, UBSS may execute such orders on a principal basis, subject to the principles of best execution. When executing UBSFS customer orders as principal, UBSS stands to realize any of the 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. When UBSS routes orders to certain securities exchanges, UBSS may qualify for volume-based fees and rebates from such exchanges based on the volume-tier schedule published by the exchange. UBSS does not pass any such rebates through to UBSFS. In addition, UBSFS does not receive or make 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/KNIGHT LINKKNLI10.6612.584.350.1814.930.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.G1 Execution Services, LLCETMM9.2412.140.140.149.160.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.HUDSON RIVER TRADING (HRT)HRTF8.8210.643.610.227.470.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.TWO SIGMA SECURITIES, LLCSOHO4.184.533.460.103.790.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.NASDAQ - ALL MARKETSXNAS3.010.868.6315.346.2071.84420.2272207.12080.227238.17350.227226.20940.2272The net payments reflected above solely include transaction fees paid to and rebates received from Nasdaq ISE, by UBSFS, in accordance with Nasdaq ISE published volume-tier schedule. At the end of September 2025, UBSFS was charged a fee of $0.00 per quantity for complex priority custom maker, $0.00 per quantity for complex priority custom taker, $1.2 per quantity for customer non-penny route, $0.6 per quantity for customer penney route, $0.00 per quantity for non-penny priority customer taker fee, $0.00 per quantity for penny priority customer adder and $0.39 per quantity for penny priority customer taker. Please note that Nasdaq ISE 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 Nasdaq ISE 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 Nasdaq ISE pricing schedule is available at: https://www.nasdaqtrader.com/trader.aspx?id=bx_pricing. 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 minimis; 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.CBOE EDGX U.S. EQUITIES EXCHANGEEDGX2.640.477.2035.520.070.00000.00000.00000.00000.00000.00000.00000.0000The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's published volume-tier schedule. 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.NYSE ARCAARCX2.220.597.425.033.260.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.99.9840.1520.7935.963.11Susquehanna Investment GroupSIGL25.0026.809.0732.6119.500.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.CITADEL SECURITIESCDED24.6125.548.5232.8824.410.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.BOX OPTIONS EXCHANGEXBOX17.0214.7817.5220.720.00-96.3831-0.0095-59.0125-0.0095-121.0544-0.00950.00000.0000The net payments reflected above solely include transaction fees paid to and rebates received from BOX Options Exchange, by UBSFS, in accordance with BOX Options Exchange published volume-tier schedule. At the end of September 2025, UBSFS was charged a fee of $0.05 per quantity for professional customer PIP/COPIP fee, $0.85 per quantity for professional customer non-auction transaction fees, received a rebate of $0.66871 per quantity for public customer complex to complex fee, received a rebate of $0.5 per quantity for public customer complex to complex fee, received a rebate of $0.25 per quantity for public customer facilitation breakup credits, received a rebate of $0.1 per quantity for public customer facilitation and solicitation transaction rebate and recieved a rebate of $0.14388 per quantity for public customer non-auction transaction fees. UBSFS qualified for the applicable volume-based rebate tier. Please note that BOX Options Exchange 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 BOX Options Exchange 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 BOX Options Exchange pricing schedule is available at: https://boxexchange.com/regulatory/fees/. 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 minimis; 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.CBOE STOCK EXCHANGECBSX10.6514.8916.662.4111.05-3032.8906-2.4630-2133.8951-2.4630-827.3221-2.4630-432.5522-2.4630The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's published volume-tier schedule. At the end of September 2025, UBSFS was charged $0.18 per share for customer liquidity removal of >=100 ETF contracts, $0.00 per share for customer liquidity removal on <100 ETF contracts, $0.00 per share for customer liquidity addition on ETF contracts, $0.00 per share for customer Equity and ETF, $0.45 per share for customer premium >=$1.00 on SPX and SPESG, $0.36 per share for customer premium <$1.00 on SPX and SPESG, $0.17 per share for customer premium $0.11-$0.99 on VIX Complex, $0.30 per share for customer premium $1.00-$1.99 on VIX Complex, $0.07 per share for customer XSP >= 10 contract and received a rebate of $0.30 per share for customer XSP contracts <10. UBSFS' volume tier for the month was Tier 1. 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. 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 minimis; 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.NYSE AMERICAN OPTIONSAMXO5.787.9211.920.340.000.00000.00000.00000.00000.00000.00000.00000.0000When routing orders to this market center for execution, UBSS may qualify for volume-based fees and rebates based on the volume-tier schedule publicly provided by this market center. However, UBSS does not pass through to UBSFS the rebates or fees applicable to UBSFS's customer orders.PHILADELPHIA OPTIONS EXCHANGEXPHO4.654.2314.070.080.090.00000.00000.00000.00000.00000.00000.00000.0000UBSFS did not receive any payment and or make any payment for order flow from or have any profit-sharing arrangement with this venue during the calendar quarter.CBOE GLOBAL MARKETS INC.XCBO3.753.659.080.754.130.00000.00000.00000.00000.00000.00000.00000.0000The net payments reflected above solely include transaction fees paid to and rebates received from the CBOE, by UBSFS, in accordance with CBOE's published volume-tier schedule. 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.