CHRISTOPHER WEIL & COMPANY, INC.
12555
High Bluff Drive, Suite 180
San
Diego, CA 92130
858-704-1444
SEC-Required Report on Routing of Customer Orders
For
Quarter January 1, 2008 through March 31, 2008
Christopher Weil & Company, Inc. has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, Christopher Weil & Company, Inc. has selected the execution venue on behalf of its customers.
The report is divided into four sections: one for securities listed on the New York Stock Exchange, one for securities listed on The Nasdaq Stock Market, one for securities listed on the American Stock Exchange or regional exchanges, and one for exchange-listed options. For each section, this report identifies the venues most often selected by Christopher Weil & Company, Inc., sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Christopher Weil & Company’s relationship with the venues.
Securities Listed on New York Stock Exchange
Summary Statistics:
|
|
Non-directed orders as percentage of total customer orders |
100% |
|
|
Market orders as percentage of total non-directed orders |
75% |
|
|
Limit orders as percentage of total non-directed orders |
24% |
|
|
Other orders as percentage of total non-directed orders |
1% |
Venues Receiving Significant
Percentage of Total Non-Directed Orders:
|
|
New York Stock Exchange |
0% |
|
|
Trimark Securities Inc. |
100% |
|
Automated Trading Desk, LLC |
0% |
Information Concerning
Significant Venues:
|
1. |
New York Stock Exchange |
|
|
|
|
|
|
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Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
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|
|
|
|
|
2. |
Trimark Securities Inc. |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
75% |
|
|
Limit orders as percentage of total limit orders |
24% |
|
|
Other orders as percentage of total other orders |
1% |
|
|
Material Aspects of Relationship with Venue: None |
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|
|
|
|
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3. |
Automated Trading Desk, LLC |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
|
|
|
|
|
Securities Listed on The Nasdaq Stock Market
Summary Statistics:
|
|
Non-directed orders as percentage of total customer orders |
100% |
|
|
Market orders as percentage of total non-directed orders |
59% |
|
|
Limit orders as percentage of total non-directed orders |
41% |
|
|
Other orders as percentage of total non-directed orders |
0% |
Venues Receiving Significant
Percentage of Total Non-Directed Orders:
|
|
Knight Securities |
98% |
|
|
Mayer & Schweitzer |
0% |
|
|
Bear Stearns & Co. |
2% |
|
Automated Trading Desk, LLC |
% |
Information Concerning
Significant Venues:
|
1. |
Knight Securities |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
58% |
|
|
Limit orders as percentage of total limit orders |
42% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
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|
|
|
|
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2. |
Mayer & Schweitzer |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: Mayer & Schweitzer will reimburse Christopher Weil & Company, Inc. up to $.015 per share directly for over-the-counter trades. |
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3. |
Bear Stearns & Co. |
|
|
|
|
|
|
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Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
100% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: Christopher Weil & Company, Inc. has a clearing agreement with Bear Stearns Securities Corp. |
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|
|
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4. |
Automated Trading Desk, LLC |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
|
|
|
|
|
Securities Listed on American Stock Exchange or Regional Exchanges
Summary Statistics:
|
|
Non-directed orders as percentage of total customer orders |
100% |
|
|
Market orders as percentage of total non-directed orders |
75% |
|
|
Limit orders as percentage of total non-directed orders |
25% |
|
|
Other orders as percentage of total non-directed orders |
0% |
Venues Receiving Significant
Percentage of Total Non-Directed Orders:
|
|
American Stock Exchange |
0% |
|
|
Trimark |
100% |
|
Automated Trading Desk, LLC |
0% |
Information Concerning
Significant Venues:
|
1. |
American Stock Exchange |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
|
|
|
|
|
|
2. |
Trimark Securities |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
75% |
|
|
Limit orders as percentage of total limit orders |
25% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
|
|
|
|
|
|
3. |
Automated Trading Desk, LLC |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
|
|
|
|
|
Exchange-Listed Options
Summary Statistics:
|
|
Non-directed orders as percentage of total customer orders |
100% |
|
|
Market orders as percentage of total non-directed orders |
0% |
|
|
Limit orders as percentage of total non-directed orders |
0% |
|
|
Other orders as percentage of total non-directed orders |
0% |
Venues Receiving Significant
Percentage of Total Non-Directed Orders:
|
|
International Securities Exchange |
0% |
|
|
Chicago Board of Options |
0% |
|
|
Philadelphia Stock Exchange |
0% |
|
|
Pacific Coast Exchange |
0% |
|
|
American Stock Exchange |
0% |
Information Concerning
Significant Venues:
|
1. |
International Securities Exchange |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
|
|
|
|
|
|
2. |
Chicago Board of Options |
|
|
|
|
|
|
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Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
|
|
|
|
|
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3. |
Philadelphia Stock Exchange |
|
|
|
|
|
|
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Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
|
|
|
|
|
|
4 |
Pacific Coast Exchange |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
|
|
|
|
|
|
5 |
American Stock Exchange |
|
|
|
|
|
|
|
Types of Orders Routed to Venue: |
|
|
|
Market orders as percentage of total market orders |
0% |
|
|
Limit orders as percentage of total limit orders |
0% |
|
|
Other orders as percentage of total other orders |
0% |
|
|
Material Aspects of Relationship with Venue: None |
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