Order Routing Disclosure

Pursuant to SEC Rule 11Ac1-6 we are providing this information to the public.

Under Rule 11Ac1-6, broker-dealers that route customer orders in equity and option securities will be required to make publicly available quarterly reports that, among other things, identify the venues to which customer orders are routed for execution. In addition, broker-dealers are required to disclose to customers, on request, the venues to which their individual orders were routed. By making visible the execution quality of the securities markets, the rules are intended to spur more vigorous competition among market participants to provide the best possible prices for investor orders.

For more information on SEC Rule 11Ac1-6, please visit the SEC's web page at www.sec.gov, or the FINRA's web page at www.finra.org.