Millington Securities is required to prepare and make publicly available a quarterly report that identifies the significant venues to which it routed clients’ orders for execution during the preceding quarter. The report provides information on the routing of “non-directed orders,” which is generally defined as any order that the client has not specifically instructed to be routed to a particular venue for execution, as well as the nature of Millington's relationship with such venue, including the existence of any payment for order flow arrangement. Rule 606 reports only cover equity orders with a market value of less than $200,000 and option orders with a market value of less than $50,000. In accordance with Rule 606, the updated report is made available on a quarterly basis through Millington’s website at www.millingtonsecurities.com. In addition, upon a client's request, Millington Securities will provide information about the particular venue and time of execution of a client's orders for the six months preceding the request.
Report for Third Quarter, 2017
Millington Securities, Inc. is currently exempt from the public posting requirement due to the SEC’s Large Order Exclusion and the SEC’s De Minimis Level of Orders Exemption.