SEC Rule 606 Report - Morgan Stanley Smith Barney - 4th Qtr, 2009
(Percentages of Total Non-Directed Orders Routed to Individual Route Venues)

Securities Listed on New York Stock Exchange
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 37 7 56
Citigroup Global Markets 84.19 79.52 71.81 88.70
Morgan Stanley & Co 13.50 18.09 24.93 9.15
99.36% of total customer orders were non-directed orders.

Securities Listed on The Nasdaq Stock Market
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 33 9 58
Citigroup Global Markets 82.00 77.44 66.80 87.06
Morgan Stanley & Co 15.08 20.90 30.56 9.25
99.88% of total customer orders were non-directed orders.

Securities Listed on NYSE Amex or Regional Exchanges
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 38 5 57
Citigroup Global Markets 89.38 86.02 71.10 93.21
Morgan Stanley & Co 10.22 13.46 28.53 6.48
99.81% of total customer orders were non-directed orders.

Exchange-Listed Options
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 39 60 1
Citigroup Global Markets 59.49 54.70 62.92 33.67
Morgan Stanley & Co 27.43 31.62 24.31 60.82
Chicago Board OptionsExch 4.12 5.07 3.52 2.73
99.67% of total customer orders were non-directed orders.


Material Aspects of Relationship with Route Venues
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