Arrangements with Market Venues

For the Quarter Ending December 31, 2019

I. SECURITIES LISTED ON THE NYSE:

UBS Securities LLC: UBS is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which averaged $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

Citadel Execution Services: Citadel is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which averaged $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

VIRTU: VIRTU is a market maker in certain exchange listed and OTC equity securities.  Schwab receives payments for marketable orders executed through the firm, which average $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

G1X: G1X is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which average $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

Two Sigma: Two Sigma is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for orders executed through the firm, which average $.0009 per share. 

CBOE EDGX: For Non-Marketable Limit orders that added liquidity and which subsequently executed, Schwab received a credit up to $0.0032 per share. Schwab is charged for removing liquidity from this venue up to $0.00265.

NASDAQ: For Non-Marketable Limit orders that added liquidity and which subsequently executed, Schwab received a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.

II. SECURITIES LISTED ON THE NYSE ARCA or REGIONAL EXCHANGES:

UBS Securities LLC: UBS is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which averaged $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

Citadel Execution Services: Citadel is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which averaged $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

VIRTU: VIRTU is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which average $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

G1X: G1X is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which average $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

Two Sigma: Two Sigma is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for orders executed through the firm, which average $.0009 per share.

CBOE EDGX: For Non-Marketable Limit orders that added liquidity and which subsequently executed, Schwab received a credit up to $0.0032 per share. Schwab is charged for removing liquidity from this venue up to $0.00265.

NASDAQ: For Non-Marketable Limit orders that added liquidity and which subsequently executed, Schwab received a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.

III. SECURITIES LISTED ON THE NASDAQ STOCK MARKET:

UBS Securities LLC: UBS is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which averaged $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

Citadel Execution Services: Citadel is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which averaged $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

VIRTU: VIRTU is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which average $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

G1X: G1X is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for marketable orders executed through the firm, which average $.0009 per share. Non-Marketable Limit orders that added liquidity and which subsequently executed received payment up to $0.0030 per share.

Two Sigma: Two Sigma is a market maker in certain exchange listed and OTC equity securities. Schwab receives payments for orders executed through the firm, which average $.0009 per share.

CBOE EDGX: For Non-Marketable Limit orders that added liquidity and which subsequently executed, Schwab received a credit up to $0.0032 per share. Schwab is charged for removing liquidity from this venue up to $0.00265. 

NASDAQ: For Non-Marketable Limit orders that added liquidity and which subsequently executed, Schwab received a credit up to $0.0033 per share. Schwab is charged for removing liquidity from this venue up to $0.0030.

IV. EXCHANGE-LISTED OPTIONS

Schwab routes orders in exchange-listed equity and index options to Wolverine Execution Services LLC, Susquehanna International Group, Morgan Stanley, Citadel LLC, and Citigroup , which employ smart order routing technology to seek best execution. Payments received for routing orders through these intermediaries averaged less than $0.35 per contract for orders executed in the quarter.

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