|
ACAP Financial Inc.
& Co.
SEC-Required Report on Routing of Customer Orders
Rule 11Ac1-6 Disclosure Information - 3rd Qtr, 2005.
Rule 11Ac1-6, states a broker-dealer must disclose any payment
to/from another broker-dealer for order flow. Also a quantitative
description of order routing must include the percentage of total
customer orders for a particular section that were non-directed
orders, and the percentages of total non-directed orders for a
section that were market orders, limit orders, and other orders.
In accordance with rule 11Ac1-6, ACAP Financial Inc is
disclosing the following information to the general public via our
website (www.acap-financial.com),
upon request and will be included with statements once each year. ACAP Financial Inc.
will also provide information upon request from individual
customers regarding their specific orders.
1. ACAP Financial Inc. DOES NOT
receive payment for order flow on NYSE, NASDAQ, AMEX, Options or
any other Exchanges.
2. ACAP Financial Inc. DOES NOT pay for
order flow on NYSE, NASDAQ, AMEX, Options or any other Exchanges..
3. Securities List on the NYSE have
been routed:
| Total Orders and
Route Venues |
All Non-Directed
Orders |
Market Orders |
Limit Orders |
Other Orders |
| Total ACAP Financial Inc.
Orders |
100% |
55% |
44% |
1% |
| Orders Routed To: |
|
|
|
|
| Tri-Mark
(TRIM) |
48% |
41% |
56% |
100% |
| Bernard
Madoff (MADF) |
41% |
48% |
32% |
0% |
| Southwest
Securities (SWST) |
10% |
11% |
9% |
0% |
| BRUTT LLC
(BRUT) |
1% |
0% |
1% |
0% |
| Southwest
a/o ARCA (ARCA) |
10% |
11% |
9% |
0% |
| 100%
of total customer orders were non-directed orders. |
4. NASDAQ Securities have been routed:
| Total Orders and
Route Venues |
All Non-Directed
Orders |
Market Orders |
Limit Orders |
Other Orders |
| Total ACAP Financial Inc.
Orders |
100% |
18% |
81% |
1% |
| Orders Routed To: |
|
|
|
|
| Principal |
72% |
41% |
76% |
82% |
| Southwest
Securities (SWST) |
8% |
28% |
6% |
0% |
| Citigroup
Global (SBSH) |
5% |
7% |
5% |
0% |
| ETrade
Capital Markets (ETRD) |
3% |
0% |
4% |
4% |
| Raymond
James & Assoc (RAJA) |
3% |
13% |
2% |
0% |
| BRUTT LLC
(BRUT) |
3% |
0% |
4% |
0% |
| Morgan
Stanley (MSCO) |
1% |
7% |
0% |
0% |
| Oppenheimer
& Co. (OPCO) |
1% |
2% |
1% |
0% |
| Merrill
Lynch a/o Nite (NITE) |
1% |
2% |
1% |
4% |
| Spear
Leeds a/o TASL (TASL) |
1% |
0% |
1% |
0% |
| 100%
of total customer orders were non-directed orders. |
5. AMEX/Other Stock Exchanges have been
routed:
| Total Orders and
Route Venues |
All Non-Directed
Orders |
Market Orders |
Limit Orders |
Other Orders |
| Total ACAP Financial Inc.
Orders |
100% |
15% |
84% |
1% |
| Orders Routed To: |
|
|
|
|
| Tri-Mark
(TRIM) |
98% |
93% |
98% |
100% |
| Southwest
a/o ARCA (ARCA) |
1% |
0% |
1% |
0% |
| Bernard
Madoff (MADF) |
1% |
7% |
0% |
0% |
| Citigroup
Global (SBSH) |
0% |
0% |
1% |
0% |
| 100%
of total customer orders were non-directed orders. |
6. OPTIONS Trades have been routed:
| Total Orders and
Route Venues |
All Non-Directed
Orders |
Market Orders |
Limit Orders |
Other Orders |
| Total ACAP Financial Inc.
Orders |
100% |
98% |
2% |
0% |
| Orders Routed To: |
|
|
|
|
| Advanced
Clearing Inc. (FOMA) |
99% |
99% |
100% |
0% |
| Pershing |
1% |
1% |
0% |
0% |
| 100%
of total customer orders were non-directed orders. |
|
