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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, Citigroup, and Dash, 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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