1.2 Interactive Brokers 2023 2 2023-07-10T15:58:54Z 2023 4 70.89 0.54 28.02 69.21 2.24 Nasdaq Stock Market XNAS 34.31 0.94 10.04 44.34 35.74 -11 -4.7920 -125610 -25.2923 488923 27.3187 -28648 -10.0924 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 19.13 0.00 2.86 26.34 4.46 0 -45177 -25.2884 13458 20.7360 -53 -12.3470 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 16.14 0.00 2.09 20.57 58.76 0 -29741 -21.1323 104530 17.2880 -30921 -8.4843 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 6.72 0.00 23.52 0.19 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. NYSE Arca ARCX 2.46 0.00 3.91 1.97 0.00 0 -64694 -26.7096 9708 25.9602 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IEX IEXG 2.18 0.00 5.48 0.93 0.03 0 -7667 -8.3956 -1016 -4.4294 -2 -9.2428 SG Americas Securities, LLC SGAS 1.95 0.00 6.97 0.00 0.00 0 0 0.0000 0 0.0000 0 UBS ATS UBSA 1.91 0.00 6.81 0.00 0.00 0 0 0.0000 0 0.0000 0 XTX Execution Services LLC XTXE 1.84 0.00 6.17 0.16 0.00 0 0 0.0000 0 0.0000 0 HRT Execution Services LLC HRTF 1.72 0.00 6.14 0.00 0.00 0 0 0.0000 0 0 Virtu Americas LLC "PRO" VIRT 1.39 0.00 4.97 0.00 0.00 0 0 0.0000 0 0 Citadel Securities "LITE" CDED 1.20 28.64 0.84 1.16 0.38 8277 26.5089 8924 18.0957 6719 27.1291 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. 65.32 0.38 24.75 71.66 3.21 Nasdaq Stock Market XNAS 25.29 0.38 9.55 30.45 34.41 -48 -6.4356 -799563 -20.2843 1515829 15.0951 -57314 -9.1409 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 19.80 0.00 3.51 26.30 2.50 0 -337490 -18.6434 115611 10.5883 -101 -8.6237 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. NYSE Arca ARCX 17.90 0.00 6.49 21.28 32.73 0 -656968 -19.6654 580468 24.2171 -31271 -13.2782 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 12.59 0.00 2.61 15.45 27.01 0 -169660 -20.8716 363953 15.9107 -50527 -8.5740 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 3.86 0.00 15.21 0.14 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. IEX IEXD 2.16 0.00 6.96 0.61 0.02 0 -25264 -8.0487 -2767 -3.7679 -7 -9.5279 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. HRT Execution Services LLC HRTF 2.08 0.00 8.41 0.00 0.00 0 0 0.0000 0 0 Citadel Securities "PRO" CDRG 1.70 0.00 6.87 0.00 0.00 0 0 0.0000 0 0 UBS ATS UBSA 1.53 0.00 6.17 0.00 0.00 0 0 0.0000 0 0 Citadel Securities "LITE" CDED 1.21 35.95 1.26 1.05 0.19 44419 10.7167 100605 9.6752 41242 14.5428 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. CBOE BYX Exchange BATY 1.12 0.00 1.29 1.12 0.03 0 483 0.1237 -423 -1.6422 -1 -8.2432 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE BZX Exchange BATS 1.10 0.00 2.27 0.67 1.77 0 -173733 -21.7561 21452 16.7927 -2137 -9.1018 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. 99.80 0.12 9.25 52.63 38.00 NYSE Arca Options ARCO 19.95 17.27 5.83 30.62 8.61 -2812 -57.6476 -399653 -50.2553 1107537 58.8613 755337 40.0252 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Chicago Board Options Exchange XCBO 17.79 40.46 20.43 15.11 20.78 -2396 -35.6276 -290669 -8.0712 -1275454 -53.0583 -1866017 -38.9673 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE C2 Exchange C2OX 17.20 11.62 5.24 18.40 18.47 1506 40.5122 -729269 -41.8406 1116286 41.1220 312612 17.1471 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe EDGX Options Exchange EDGO 9.85 0.00 6.30 10.04 10.49 0 1382502 139.2576 816239 16.7509 626002 48.5338 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq ISE XISX 5.45 18.81 7.07 2.93 8.51 -1422 -11.5192 -43764 -3.6933 492736 99.4301 228406 25.1690 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq PHLX XPHL 5.08 0.67 3.70 2.50 9.01 0 0.0000 737814 52.7489 618 0.2676 -5450 -0.7440 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq Options Market XNDQ 4.61 0.00 2.41 8.34 0.00 0 -365008 -45.1847 176235 52.4067 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Emerald Exchange EMLD 4.44 1.59 1.64 1.27 9.53 21 28.8767 -101748 -42.1052 212081 43.3646 263413 19.0544 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq MRX MCRY 3.61 0.00 18.23 0.02 5.04 0 1206021 38.7694 3544 37.8157 257493 18.1777 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. BOX Exchange XBOX 2.87 0.47 11.42 0.37 4.27 28 26.3551 1829333 63.5694 6453 16.3049 68556 58.0472 An affiliate under common control with IBKR has a substantial, minority investment in the Boston Options Exchange Group LLC, which operates the Boston Options Exchange. To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. 2023 5 64.93 0.49 29.32 67.81 2.38 Nasdaq Stock Market XNAS 33.23 1.07 12.59 42.24 37.61 -19 -4.9663 -139752 -24.7103 584154 27.3971 -32067 -9.4270 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 19.73 0.00 2.37 27.93 4.10 0 -40197 -24.1232 16612 20.8720 -57 -12.2904 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 16.06 0.00 1.86 20.87 57.45 0 -28764 -19.9443 108140 17.6213 -32836 -8.0387 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 6.74 0.00 22.36 0.28 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. XTX Execution Services LLC XTXE 2.37 0.00 7.59 0.22 0.00 0 0 0.0000 0 0.0000 0 NYSE Arca ARCX 2.19 0.00 3.74 1.61 0.00 0 -67833 -25.3843 11525 25.5954 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IEX IEXD 2.17 0.00 5.04 1.02 0.03 0 -9205 -8.5116 -1148 -4.3598 -4 -8.9603 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. HRT Execution Services LLC HRTF 1.87 0.00 6.39 0.00 0.00 0 0 0.0000 0 0 UBS ATS UBSA 1.83 0.00 6.24 0.00 0.00 0 0 0.0000 0 0 SG Americas Securities, LLC SGAS 1.81 0.00 6.18 0.00 0.00 0 0 0.0000 0 0 Citadel Securities "PRO" CDRG 1.26 0.00 4.29 0.00 0.00 0 0 0.0000 0 0 Virtu Americas LLC "PRO" VIRT 1.24 0.00 4.21 0.00 0.00 0 0 0.0000 0 0 60.35 0.31 25.97 70.56 3.16 Nasdaq Stock Market XNAS 24.08 0.55 8.96 29.25 35.19 -15 -2.8346 -867428 -22.4727 1874361 17.5110 -66669 -8.5433 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 19.99 0.00 3.43 26.96 2.47 0 -361823 -19.9574 148413 13.2334 -41 -2.4469 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. NYSE Arca ARCX 17.55 0.00 6.51 21.07 31.45 0 -710822 -21.7853 754668 25.4486 -38697 -11.6740 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 12.79 0.00 2.64 15.93 27.22 0 -216107 -22.0114 507857 16.5249 -59098 -7.9219 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 4.14 0.00 15.46 0.18 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. HRT Execution Services LLC HRTF 2.25 0.00 8.66 0.00 0.00 0 0 0.0000 0 0 IEX IEXD 2.19 0.00 6.65 0.65 0.06 0 -33181 -8.2911 -3636 -3.6046 -6 -5.5679 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Citadel Securities "PRO" CDRG 1.94 0.00 7.46 0.00 0.00 0 0 0.0000 0 0 UBS ATS UBSA 1.54 0.00 5.91 0.00 0.00 0 0 0.0000 0 0 CBOE BZX Exchange BATS 1.16 0.00 2.29 0.71 1.97 0 -200403 -23.1566 13856 17.6778 -2314 -9.0336 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE BYX Exchange BATY 1.12 0.00 1.13 1.17 0.07 0 1276 0.3199 -781 -1.8648 -2 -8.5267 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Virtu Americas LLC "PRO" VIRT 1.12 0.00 4.29 0.00 0.00 0 0 0.0000 0 0 Citadel Securities "LITE" CDED 1.11 38.40 1.13 0.98 0.24 62569 16.6774 126448 10.4418 53330 20.8162 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. 99.82 0.13 9.75 51.43 38.69 NYSE Arca Options ARCO 20.07 17.62 6.83 30.89 9.01 -2441 -70.2071 -535232 -50.6312 1380595 60.0963 860027 40.5561 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Chicago Board Options Exchange XCBO 18.47 43.70 22.20 15.87 20.90 -2364 -47.2896 180882 3.4645 -1445447 -53.2280 -2222525 -38.2979 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE C2 Exchange C2OX 16.62 8.77 2.58 17.88 18.50 2037 40.2645 -493530 -41.9701 1454168 41.3436 414025 19.3279 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe EDGX Options Exchange EDGO 9.16 0.00 5.45 8.80 10.62 0 1545234 136.6199 807138 15.7967 776903 49.0088 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq ISE XISX 5.58 19.50 7.07 3.02 8.57 -438 -2.7301 31460 2.0050 621912 99.2561 372082 27.2975 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq PHLX XPHL 5.23 1.09 3.63 2.61 9.12 -4 -0.7719 929130 51.9356 794 0.2972 -4623 -0.5344 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq Options Market XNDQ 4.52 0.00 2.33 8.34 0.00 0 -411809 -45.7306 209487 55.0495 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Emerald Exchange EMLD 4.38 0.31 1.98 1.23 9.17 57 46.5410 -124486 -43.0830 154567 43.3148 317912 21.2850 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq MRX MCRY 3.79 0.02 20.03 0.02 4.72 0 1656437 38.4392 4207 35.1726 293893 17.0639 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Options Exchange XMIO 2.51 0.03 1.65 1.35 4.29 0 0.0000 164910 53.3261 481 1.0578 35406 18.2084 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. 2023 6 66.41 0.46 28.30 69.00 2.24 Nasdaq Stock Market XNAS 35.20 1.35 10.24 45.59 37.36 -15 -5.2089 -129518 -24.2490 598316 27.5841 -35677 -9.9900 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 19.09 0.00 2.71 26.31 7.57 0 -40618 -24.4841 12994 20.7792 -19 -1.1661 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 15.23 0.00 2.10 19.46 54.03 0 -23375 -18.5772 98522 17.9685 -28049 -8.2251 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 6.89 0.00 23.78 0.23 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. XTX Execution Services LLC XTXE 2.36 0.00 7.74 0.24 0.00 0 0 0.0000 0 0.0000 0 NYSE Arca ARCX 2.00 0.00 3.57 1.43 0.00 0 -54662 -22.9796 10547 25.2725 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IEX IEXD 1.98 0.00 4.63 0.96 0.09 0 -7359 -8.4473 -970 -3.9634 -8 -9.4152 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. HRT Execution Services LLC HRTF 1.80 0.00 6.37 0.00 0.00 0 0 0.0000 0 0 UBS ATS UBSA 1.71 0.00 6.05 0.00 0.00 0 0 0.0000 0 0 SG Americas Securities, LLC SGAS 1.61 0.00 5.70 0.00 0.00 0 0 0.0000 0 0 Citadel Securities "PRO" CDRG 1.38 0.00 4.87 0.00 0.00 0 0 0.0000 0 0 CBOE BYX Exchange BATY 1.25 0.00 0.30 1.68 0.19 0 148 0.9076 -87 -2.4470 -0 -3.0621 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. 55.78 0.31 26.95 69.85 2.89 Nasdaq Stock Market XNAS 23.65 0.70 8.52 29.13 34.62 -39 -4.4097 -825041 -22.2663 1897365 17.2182 -59466 -8.7502 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE EDGX Exchange EDGX 20.08 0.00 3.17 27.42 2.50 0 -335581 -20.5306 115269 13.1051 -54 -4.1436 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. NYSE Arca ARCX 16.78 0.00 6.26 20.25 32.66 0 -649903 -21.0131 531243 24.1752 -34156 -12.4824 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. New York Stock Exchange XNYS 12.97 0.00 2.87 16.35 26.83 0 -221722 -22.5245 541239 16.9094 -48283 -8.0975 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. IBKR ATS IATS 4.11 0.00 14.89 0.14 0.00 0 0 0.0000 0 0.0000 0 IBKR operates the IBKR ATS in accordance with SEC Regulation ATS. IBKR uses the IBKR ATS to execute IBKR client orders against each other or against one or more professional liquidity providers who quote into the IBKR ATS. Order executions on the IBKR ATS are faster, eliminate exchange fees, and may offer Price Improvement. Statistical information regarding the quality of executions for orders effected through the IBKR ATS (e.g., average execution speed, percentage of orders receiving Price Improvement, etc.) is available on the IBKR website at: https://ibkr.com/regulatoryreports. HRT Execution Services LLC HRTF 2.44 0.00 9.04 0.00 0.00 0 0 0.0000 0 0 IEX IEXD 2.16 0.00 6.40 0.63 0.02 0 -31507 -8.0972 -3241 -3.2961 -8 -9.1020 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Citadel Securities "PRO" CDRG 2.13 0.00 7.88 0.00 0.00 0 0 0.0000 0 0 UBS ATS UBSA 1.60 0.00 5.93 0.00 0.00 0 0 0.0000 0 0 CBOE BYX Exchange BATY 1.11 0.00 1.09 1.16 0.07 0 1336 0.3588 -1166 -3.5027 -2 -7.2271 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Jane Street Capital LLC "LITE" JNST 1.10 51.88 1.24 0.86 0.14 111500 21.8002 109283 14.0976 49560 22.8381 323 6.1066 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. CBOE BZX Exchange BATS 1.08 0.00 2.23 0.62 1.82 0 -189632 -22.6951 13465 16.8017 -2863 -8.9262 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Citadel Securities "LITE" CDED 1.08 37.20 0.99 0.99 0.21 60543 20.5656 68759 14.0124 38824 20.7605 0 0.0000 IBKR-LITE clients are charged zero commission for NMS stock and ETF orders, except for certain order types, orders that execute at the open or close, and orders that execute outside of regular trading hours (“Outside-RTH”), if the volume of such On Open and On Close orders or Outside-RTH in any given month exceeds a certain percentage of the account's aggregate US stock trading volume in that same month. IBKR-LITE orders are normally routed to select over-the-counter market makers for handling. IBKR's agreements with the market makers provide Interactive Brokers payment for order flow from each market maker (subject to certain exclusions detailed below). For trades executed with respect to a marketable customer order, each market maker pays IBKR a rebate of 12% of the spread between the National Best Bid and Offer of the routed stock at the time the order was received by the market maker. For trades executed with respect to a non-marketable customer order, each market maker pays IBKR $0.27 per 100 shares for execution prices greater than or equal to $1.00 and $0.0027 per 100 shares for execution prices less than $1.00. A potential effect of these payments is reduced price improvement on executions received by IBKR-LITE clients, in proportion to the payment received by IBKR. For both marketable and non-marketable orders, IBKR receives no payments for executions outside of regular trading hours and executions resulting from On Open and On Close orders. 99.67 0.15 10.78 52.53 36.54 NYSE Arca Options ARCO 20.15 17.53 5.64 31.17 8.60 -3934 -72.5772 -498856 -50.4480 1389470 56.3972 835112 40.9951 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Chicago Board Options Exchange XCBO 17.64 44.20 20.47 14.74 20.86 -2450 -45.7035 293911 6.3796 -1481000 -53.1028 -2228624 -38.8982 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. CBOE C2 Exchange C2OX 16.07 8.23 1.93 16.41 19.80 1471 40.6195 -478709 -41.3137 1452766 41.3389 370143 16.6345 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe EDGX Options Exchange EDGO 9.02 0.00 5.25 8.39 11.09 0 1517934 131.4842 688955 13.9923 829492 46.0036 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq ISE XISX 5.42 19.50 4.06 3.69 8.24 -188 -1.2111 -103388 -10.1281 580537 98.5536 251574 24.6766 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq PHLX XPHL 4.83 1.11 3.77 2.40 8.65 -1 -0.5172 955364 49.1065 982 0.3648 -4473 -0.5400 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq MRX MCRY 4.61 0.00 26.84 0.03 4.66 0 1872303 35.3838 5313 34.3805 285168 16.4274 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Emerald Exchange EMLD 4.23 0.35 1.62 1.24 9.31 47 67.8000 -114920 -44.5080 188901 43.3044 304982 18.5382 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Nasdaq Options Market XNDQ 3.85 0.00 2.22 6.87 0.00 0 -410006 -44.5568 149745 54.0598 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. MIAX Options Exchange XMIO 2.72 0.03 1.61 2.00 4.09 0 0.0000 192900 60.3035 647 0.6919 33626 18.1519 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients. Cboe BZX Options Exchange BATS 2.68 0.00 2.97 4.50 0.00 0 -441105 -48.7455 158873 38.7793 0 To the extent that IBKR receives volume discounts, such discounts are not passed on to clients. Likewise, to the extent that IBKR receives enhanced rebate payments for exceeding volume thresholds on particular markets, it does not pass these enhanced rebate amounts directly to clients.