1.2 Interactive Brokers 2024 4 2025-01-27T14:55:42Z 2024 10 79.06 0.28 31.78 66.17 1.77 Nasdaq Stock Market XNAS 34.90 0.05 9.14 47.37 37.06 -4 -9.9350 -201531 -26.2478 1080371 27.1624 -45766 -8.2044 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 15.78 0.00 1.70 22.81 8.15 0 -67358 -26.0914 20721 24.4366 -142 -7.3576 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 14.12 0.00 8.26 16.05 49.34 0 -33393 -21.3719 155096 17.5048 -37138 -7.7276 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 8.19 0.00 24.43 0.65 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. Blue Ocean ATS, LLC OCEA 4.34 0.00 0.35 6.39 0.00 0 -5616 -9.5597 827 2.2410 0 Citadel Securities "LITE" CDED 3.46 18.55 8.94 0.84 0.39 9947 61.2039 7113 0.6456 6286 27.2016 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. INTERACTIVE BROKERS CORP IBCO 3.06 0.00 9.64 0.00 0.00 0 0 0.0000 0 0 Interactive Brokers Corp. ('IB Corp') operates a Single Dealer Platform (SDP) that executes both whole-share and fractional-share portions of certain IBLLC stock orders. IBLLC uses the SDP to execute client orders against IB Corp principal liquidity. IBLLC routes orders to the SDP only when it offers the best price, as determined by IBLLC's Smart Order Router, which implements IBLLC's best execution policy. Both IB Corp and IBLLC are subsidiaries of Interactive Brokers Group. There are no compensation or profit sharing arrangements relating to the SDP, nor are there any requirements regarding the minimum amount of order flow that IBLLC will route to the SDP. Statistical information regarding the quality of executions for orders effected through the SDP (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports NYSE Arca ARCX 2.15 0.00 3.40 1.61 0.00 0 -113210 -26.9523 17321 26.8270 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IEX IEXD 1.88 0.00 3.97 0.86 2.60 0 -27343 -14.9468 -1211 -3.1243 -67 -13.8054 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. LeveL ATS EBXL 1.45 0.00 4.55 0.00 0.00 0 0 0.0000 0 0 HRT Execution Services LLC HRTF 1.12 0.00 3.52 0.00 0.00 0 0 0.0000 0 0 59.74 0.26 26.63 71.32 1.80 Nasdaq Stock Market XNAS 25.88 0.03 9.65 31.79 35.69 -19 -5.9244 -1230724 -25.0940 3343989 19.3958 -94663 -7.6483 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. NYSE Arca ARCX 16.45 0.00 7.15 19.72 27.04 0 -1132706 -22.4053 1171635 26.9996 -33812 -9.7825 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 14.20 0.00 3.05 18.63 5.47 0 -493806 -22.8393 122383 14.6433 -1069 -11.5052 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 9.58 0.00 5.13 10.88 25.34 0 -263902 -21.1677 660995 17.4483 -59962 -7.5147 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Blue Ocean ATS, LLC OCEA 9.18 0.00 0.58 12.66 0.00 0 -34538 -6.4499 12780 2.3385 0 IBKR ATS IATS 4.73 0.00 16.46 0.49 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. IEX IEXD 2.05 0.00 5.96 0.63 1.08 0 -152770 -16.6656 6883 3.7230 -82 -13.2734 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Citadel Securities "LITE" CDED 1.62 26.45 3.67 0.79 0.36 53424 28.1541 64867 1.8402 49242 19.7853 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. HRT Execution Services LLC HRTF 1.58 0.00 5.93 0.00 0.00 0 0 0.0000 0 0 INTERACTIVE BROKERS CORP IBCO 1.57 0.00 5.89 0.00 0.00 0 0 0.0000 0 0 Interactive Brokers Corp. ('IB Corp') operates a Single Dealer Platform (SDP) that executes both whole-share and fractional-share portions of certain IBLLC stock orders. IBLLC uses the SDP to execute client orders against IB Corp principal liquidity. IBLLC routes orders to the SDP only when it offers the best price, as determined by IBLLC's Smart Order Router, which implements IBLLC's best execution policy. Both IB Corp and IBLLC are subsidiaries of Interactive Brokers Group. There are no compensation or profit sharing arrangements relating to the SDP, nor are there any requirements regarding the minimum amount of order flow that IBLLC will route to the SDP. Statistical information regarding the quality of executions for orders effected through the SDP (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports LeveL ATS EBXL 1.23 0.00 4.60 0.00 0.00 0 0 0.0000 0 0 UBS ATS UBSA 1.19 0.00 4.49 0.00 0.00 0 0 0.0000 0 0.0000 0 MEMX LLC MEMX 0.92 0.00 1.30 0.81 0.00 0 -186697 -19.3076 56784 19.7761 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. 99.65 0.13 14.06 52.63 33.18 Chicago Board Options Exchange XCBO 23.80 19.04 38.07 16.96 28.63 -2167 -45.2530 496021 8.2170 -1835867 -45.4664 -2060636 -20.7126 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. NYSE Arca Options ARCO 17.50 12.50 2.76 27.47 7.96 -4778 -51.1989 -430938 -50.6015 1831638 43.9569 -331713 -10.7403 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE C2 Exchange C2OX 10.36 4.12 1.31 4.91 22.85 1134 39.7978 -510331 -42.9955 459845 41.1364 679708 20.8889 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe EDGX Options Exchange EDGO 9.21 0.00 1.54 10.83 9.91 0 2042637 338.2668 1027265 14.4603 915060 44.8694 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq ISE XISX 6.30 40.88 2.50 8.50 4.30 7434 25.6570 -208625 -20.3717 2100827 112.3836 307673 24.6871 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq PHLX XPHL 5.26 2.25 10.57 3.15 6.35 62 3.0655 2844776 59.1573 373405 27.1447 128096 11.7142 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq Options Market XNDQ 4.56 0.00 1.23 8.33 0.00 0 -410705 -46.7048 228292 48.4757 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq MRX MCRY 3.51 0.00 18.85 0.47 1.83 0 2449295 34.7998 188625 40.6990 100508 14.6366 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq GEMX GMNI 3.03 9.21 1.31 5.39 0.00 3382 48.4165 -230598 -34.4675 681079 44.6407 -31 -43.6667 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Sapphire MIHI 2.94 0.15 3.91 0.00 7.22 0 379712 30.7423 0 496060 38.7770 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe BZX Options Exchange BATS 2.69 0.00 1.95 4.59 0.00 0 -400350 -46.5127 777181 79.4555 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Emerald Exchange EMLD 2.53 0.94 0.62 0.23 7.00 108 40.0372 -130464 -43.5563 17527 42.7302 189314 9.8578 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. 2024 11 81.78 0.26 33.89 63.95 1.89 Nasdaq Stock Market XNAS 35.03 0.02 9.69 48.49 38.94 -0 -1.1958 -218960 -26.5171 1145066 27.5101 -42341 -8.1417 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 15.33 0.00 1.71 22.63 14.69 0 -87198 -27.4238 20889 23.7374 -77 -3.5801 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 14.19 0.00 8.72 16.26 43.92 0 -28074 -19.6015 161280 17.7392 -32692 -7.5596 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 8.96 0.00 25.29 0.60 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. Citadel Securities "LITE" CDED 3.56 17.96 8.76 0.84 0.44 9469 56.0098 7967 0.7924 5731 26.9495 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. INTERACTIVE BROKERS CORP IBCO 3.36 0.00 9.90 0.00 0.00 0 0 0.0000 0 0 Interactive Brokers Corp. ('IB Corp') operates a Single Dealer Platform (SDP) that executes both whole-share and fractional-share portions of certain IBLLC stock orders. IBLLC uses the SDP to execute client orders against IB Corp principal liquidity. IBLLC routes orders to the SDP only when it offers the best price, as determined by IBLLC's Smart Order Router, which implements IBLLC's best execution policy. Both IB Corp and IBLLC are subsidiaries of Interactive Brokers Group. There are no compensation or profit sharing arrangements relating to the SDP, nor are there any requirements regarding the minimum amount of order flow that IBLLC will route to the SDP. Statistical information regarding the quality of executions for orders effected through the SDP (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports Blue Ocean ATS, LLC OCEA 2.93 0.00 0.50 4.32 0.00 0 -7671 -9.4433 1335 2.5130 0 NYSE Arca ARCX 2.25 0.00 2.80 2.04 0.00 0 -127145 -28.2299 20482 27.3037 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IEX IEXG 1.94 0.00 3.86 0.96 0.80 0 -27815 -15.2192 -1611 -4.1388 -47 -14.4268 LeveL ATS EBXL 1.33 0.00 3.93 0.00 0.00 0 0 0.0000 0 0 UBS ATS UBSA 1.11 0.00 3.27 0.00 0.00 0 0 0.0000 0 0.0000 0 SG Americas Securities, LLC SGAS 0.86 0.00 2.53 0.00 0.00 0 0 0.0000 0 0.0000 0 60.75 0.25 27.79 70.06 1.89 Nasdaq Stock Market XNAS 26.13 0.02 10.10 32.30 36.56 0 0.0000 -1252510 -25.3712 3537333 19.8616 -102786 -7.0586 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. NYSE Arca ARCX 16.92 0.00 6.91 20.76 23.95 0 -1220710 -22.0853 996899 21.2887 -34626 -9.9889 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 13.51 0.00 2.86 17.83 11.74 0 -558668 -21.8896 132519 14.3452 -1295 -9.4648 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 9.80 0.00 6.81 10.68 22.43 0 -242926 -20.7457 645051 17.2265 -69881 -7.5891 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Blue Ocean ATS, LLC OCEA 8.36 0.00 0.45 11.76 0.00 0 -21871 -6.8271 7338 2.3170 0 IBKR ATS IATS 5.29 0.00 18.16 0.34 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. IEX IEXG 1.98 0.00 5.57 0.60 0.53 0 -158676 -16.2060 -6521 -4.8828 -100 -12.1737 Citadel Securities "LITE" CDED 1.72 26.37 4.08 0.73 0.42 53653 26.0587 76018 1.9587 51613 20.7969 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. HRT Execution Services LLC HRTF 1.46 0.00 5.25 0.00 0.00 0 0 0.0000 0 0 INTERACTIVE BROKERS CORP IBCO 1.43 0.00 5.15 0.00 0.00 0 0 0.0000 0 0 Interactive Brokers Corp. ('IB Corp') operates a Single Dealer Platform (SDP) that executes both whole-share and fractional-share portions of certain IBLLC stock orders. IBLLC uses the SDP to execute client orders against IB Corp principal liquidity. IBLLC routes orders to the SDP only when it offers the best price, as determined by IBLLC's Smart Order Router, which implements IBLLC's best execution policy. Both IB Corp and IBLLC are subsidiaries of Interactive Brokers Group. There are no compensation or profit sharing arrangements relating to the SDP, nor are there any requirements regarding the minimum amount of order flow that IBLLC will route to the SDP. Statistical information regarding the quality of executions for orders effected through the SDP (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports UBS ATS UBSA 1.18 0.00 4.24 0.01 0.00 0 0 0.0000 0 0.0000 0 LeveL ATS EBXL 1.08 0.00 3.87 0.00 0.00 0 0 0.0000 0 0 CBOE BYX Exchange BATY 0.95 0.00 0.77 1.04 0.48 0 1495 0.3101 -7095 -9.6410 0 0.0376 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE BZX Exchange BATS 0.86 0.00 1.69 0.49 2.56 0 -267716 -27.5459 25658 14.1538 -3374 -9.4492 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. 99.66 0.14 13.58 51.02 35.26 Chicago Board Options Exchange XCBO 24.31 16.35 41.49 17.62 27.41 -2198 -44.3692 754458 12.2858 -1763292 -43.6372 -1401550 -15.6395 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. NYSE Arca Options ARCO 18.33 15.74 3.15 29.42 8.14 -8180 -57.3489 -427280 -50.3339 2068649 44.5459 -228258 -7.5213 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE C2 Exchange C2OX 10.28 4.17 1.25 3.65 23.36 1636 41.7865 -452201 -42.6476 330534 40.9157 692780 21.1044 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe EDGX Options Exchange EDGO 8.94 0.00 1.71 10.43 9.60 0 1945841 296.9345 931045 14.5795 926600 45.2132 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq ISE XISX 5.74 39.71 2.72 7.35 4.44 7567 24.6439 -220480 -21.2357 1691972 111.6644 337038 26.5045 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq PHLX XPHL 5.42 2.01 12.06 3.22 6.05 104 6.9691 2863911 61.3471 400777 27.7343 149578 12.4135 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq Options Market XNDQ 3.78 0.00 1.17 7.11 0.00 0 -417541 -48.9106 232096 53.1742 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Emerald Exchange EMLD 3.62 2.84 0.70 1.74 7.45 994 42.6478 -131771 -41.1458 170288 43.4242 271349 14.6115 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Sapphire MIHI 3.04 0.17 4.13 0.00 7.04 0 398046 31.8738 0 593706 40.6610 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe BZX Options Exchange BATS 2.93 0.00 1.83 5.26 0.00 0 -366549 -46.5481 835869 80.1065 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. BOX Exchange XBOX 2.76 0.12 10.42 0.80 2.65 468 29.3116 1491068 27.8176 172426 24.8292 47335 30.6691 An affiliate under common control with IBKR has a substantial, minority investment in the Boston Options Exchange Group LLC, which operates the Boston Options Exchange. To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq GEMX GMNI 2.74 9.66 0.91 5.11 0.00 4913 51.8244 -222933 -40.7130 660994 45.0030 -40 -41.1649 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. 2024 12 81.43 0.30 32.60 64.95 2.16 Nasdaq Stock Market XNAS 38.32 0.04 10.62 52.25 42.61 -1 -3.0779 -206502 -25.9451 1146399 27.6245 -54251 -8.4209 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 16.24 0.00 1.73 23.55 17.50 0 -73917 -27.0515 20110 24.1183 -117 -5.8493 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 11.60 0.00 4.16 14.51 38.05 0 -21587 -22.1978 121347 18.3377 -34530 -8.0101 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 9.61 0.00 28.20 0.65 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. Citadel Securities "LITE" CDED 3.62 15.25 9.10 0.92 0.36 7995 60.0012 6946 0.6402 5714 27.0157 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. INTERACTIVE BROKERS CORP IBCO 3.19 0.00 9.79 0.00 0.00 0 0 0.0000 0 0 Interactive Brokers Corp. ('IB Corp') operates a Single Dealer Platform (SDP) that executes both whole-share and fractional-share portions of certain IBLLC stock orders. IBLLC uses the SDP to execute client orders against IB Corp principal liquidity. IBLLC routes orders to the SDP only when it offers the best price, as determined by IBLLC's Smart Order Router, which implements IBLLC's best execution policy. Both IB Corp and IBLLC are subsidiaries of Interactive Brokers Group. There are no compensation or profit sharing arrangements relating to the SDP, nor are there any requirements regarding the minimum amount of order flow that IBLLC will route to the SDP. Statistical information regarding the quality of executions for orders effected through the SDP (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports NYSE Arca ARCX 2.26 0.00 2.86 2.04 0.00 0 -109834 -28.8090 18624 25.8209 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IEX IEXG 2.04 0.00 4.32 0.95 0.57 0 -27787 -15.1666 -1242 -3.7559 -51 -14.4394 UBS ATS UBSA 1.21 0.00 3.72 0.00 0.00 0 0 0.0000 0 0.0000 0 Blue Ocean ATS, LLC OCEA 1.04 0.00 0.41 1.39 0.00 0 -5955 -10.4141 1133 2.7596 0 LeveL ATS EBXL 0.98 0.00 3.00 0.00 0.00 0 0 0.0000 0 0 61.08 0.30 29.30 68.21 2.19 Nasdaq Stock Market XNAS 27.84 0.02 10.49 35.20 34.63 -6 -0.7875 -1458223 -26.0434 4621769 20.9336 -105286 -6.9257 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. NYSE Arca ARCX 16.81 0.00 7.54 20.69 22.16 0 -1537532 -24.5743 1053770 23.4083 -37519 -10.1333 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 14.71 0.00 3.31 19.52 19.22 0 -695364 -23.7642 153680 14.9405 -1492 -9.8148 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 9.30 0.00 4.80 10.94 19.43 0 -239996 -22.0850 773346 18.2311 -74063 -7.8365 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 5.43 0.00 17.64 0.38 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. Blue Ocean ATS, LLC OCEA 4.86 0.00 0.37 6.97 0.00 0 -20285 -7.6532 6226 2.4353 0 Citadel Securities "LITE" CDED 2.15 24.38 4.92 0.92 0.37 59679 25.5079 84130 1.5608 83797 22.3768 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. IEX IEXD 2.15 0.00 5.91 0.60 0.43 0 -159821 -16.3196 -5782 -4.3531 -104 -12.9980 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. HRT Execution Services LLC HRTF 1.51 0.00 5.14 0.00 0.00 0 0 0.0000 0 0 INTERACTIVE BROKERS CORP IBCO 1.40 0.00 4.77 0.00 0.00 0 0 0.0000 0 0 Interactive Brokers Corp. ('IB Corp') operates a Single Dealer Platform (SDP) that executes both whole-share and fractional-share portions of certain IBLLC stock orders. IBLLC uses the SDP to execute client orders against IB Corp principal liquidity. IBLLC routes orders to the SDP only when it offers the best price, as determined by IBLLC's Smart Order Router, which implements IBLLC's best execution policy. Both IB Corp and IBLLC are subsidiaries of Interactive Brokers Group. There are no compensation or profit sharing arrangements relating to the SDP, nor are there any requirements regarding the minimum amount of order flow that IBLLC will route to the SDP. Statistical information regarding the quality of executions for orders effected through the SDP (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports UBS ATS UBSA 1.31 0.00 4.46 0.00 0.00 0 0 0.0000 0 0.0000 0 LeveL ATS EBXL 1.08 0.00 3.67 0.00 0.00 0 0 0.0000 0 0 CBOE BYX Exchange BATY 0.94 0.00 0.65 1.08 0.46 0 2595 0.6970 -5758 -9.6155 -15 -1.5068 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Jane Street Capital LLC "LITE" JNST 0.94 66.43 0.97 0.66 0.20 265534 31.7287 331563 19.0535 134083 23.2241 827 9.5004 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. 99.63 0.14 13.47 51.33 35.06 Chicago Board Options Exchange XCBO 24.26 14.37 39.20 17.31 28.74 -2242 -41.3664 552886 9.0689 -1769893 -44.5029 -1560631 -17.5754 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. NYSE Arca Options ARCO 15.52 12.48 3.01 23.71 8.35 -4800 -49.6027 -431920 -50.8289 1568364 42.8556 -131352 -4.8430 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE C2 Exchange C2OX 10.75 3.37 1.20 4.61 23.43 653 42.4564 -425481 -43.1018 387042 40.6524 691849 21.5877 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe EDGX Options Exchange EDGO 9.19 0.00 1.30 10.90 9.75 0 1947209 378.1121 941212 14.6654 971662 44.8193 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq ISE XISX 6.33 42.18 2.55 8.73 4.11 9119 28.5824 -236117 -23.1597 2093889 112.7690 311740 24.2189 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq PHLX XPHL 5.37 2.41 12.98 3.03 5.90 148 7.8884 3031532 60.8417 388958 27.6755 134970 11.0181 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq Options Market XNDQ 4.97 0.00 1.16 9.38 0.00 0 -440181 -49.3536 307698 57.7762 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Emerald Exchange EMLD 3.98 4.37 0.70 2.73 7.08 1057 44.3217 -123429 -39.9068 320139 42.7979 280382 16.1913 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Sapphire MIHI 3.45 0.50 4.15 0.28 7.85 0 406797 32.2484 58 27.9517 562759 39.7763 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe BZX Options Exchange BATS 3.19 0.00 1.82 5.75 0.00 0 -365317 -46.9133 971809 80.5242 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq GEMX GMNI 2.96 10.38 0.91 5.50 0.00 6709 57.3264 -209801 -40.2975 667283 44.9167 -38 -41.7391 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. BOX Exchange XBOX 2.80 0.14 12.40 0.83 2.02 35 29.0328 1716102 29.0528 206694 25.4950 50207 30.4120 An affiliate under common control with IBKR has a substantial, minority investment in the Boston Options Exchange Group LLC, which operates the Boston Options Exchange. To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients.