SEC Rule 606 Report - Morgan Stanley Smith Barney - 4th Qtr, 2011

(Percentages of Total Non-Directed Orders Routed to Individual Route Venues)


Securities Listed on New York Stock Exchange Euronext
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 34 6 60
Citigroup Global Markets 53.50 59.07 63.37 49.44
Morgan Stanley & Co 45.31 39.51 34.16 49.61
98.72% of total customer orders were non-directed orders.

Securities Listed on The Nasdaq Stock Market
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 30 8 63
Citigroup Global Markets 56.64 63.59 66.14 52.19
Morgan Stanley & Co 42.65 35.84 33.39 47.01
98.50% of total customer orders were non-directed orders.

Securities Listed on NYSE Amex or Regional Exchanges
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 37 4 59
Citigroup Global Markets 50.74 53.62 60.34 48.31
Morgan Stanley & Co 48.49 45.66 39.19 50.87
98.57% of total customer orders were non-directed orders.

Exchange-Listed Options
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 29 70 1
Morgan Stanley & Co 57.69 80.35 48.02 79.29
Citigroup Global Markets 40.35 16.54 50.49 19.60
97.69% of total customer orders were non-directed orders.


Material Aspects of Relationship with Route Venues
How to read this report

© Copyright 2012 Thomson Reuters.
All Rights Reserved.