SEC Rule 606 Report - Sterne, Agee & Leach, Inc - 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 57 10 33
Knight Capital Americas 81.04 96.96 32.36 68.06
Knight Direct EMS 9.66 0.01 66.83 9.49
100.00% of total customer orders were non-directed orders.

Securities Listed on The Nasdaq Stock Market
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 53 15 32
Knight Capital Americas 75.38 96.87 42.84 54.93
Knight Direct EMS 11.89 0.00 52.20 12.83
Sterne, Agee & Leach Inc. 8.15 0.01 0.02 25.41
100.00% of total customer orders were non-directed orders.

Securities Listed on NYSE Amex or Regional Exchanges
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 53 16 31
Knight Capital Americas 80.99 98.47 27.34 79.46
Knight Direct EMS 15.27 0.03 71.59 11.53
100.00% of total customer orders were non-directed orders.

Exchange-Listed Options
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 15 81 4
Morgan Stanley & Co 70.51 86.39 70.96 0.00
Merrill Lynch Smart Route 20.51 2.04 25.03 0.00
100.00% 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.