1.2DOWL202432025-11-20T15:52:07Z20247100.0044.610.000.0055.39MERIDIAN EQUITY PARTNERS INC.MERP73.0491.210.000.0058.410.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersVIRTU Americas LLCDTTX20.594.400.000.0033.630.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersGOLDMAN SACHS & CO. LLCGSCO5.884.400.000.007.080.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersNASDAQ EXECUTION SERVICES, LLCINET0.490.000.000.000.880.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer orders100.0029.380.001.2569.38MERIDIAN EQUITY PARTNERS INC.MERP41.8848.940.000.0039.640.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersVIRTU Americas LLCDTTX37.5027.660.0050.0041.440.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersGOLDMAN SACHS & CO. LLCGSCO20.0023.400.0050.0018.020.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersNASDAQ EXECUTION SERVICES, LLCINET0.620.000.000.000.900.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer orders0.000.000.000.000.0020248100.0033.330.000.0066.67MERIDIAN EQUITY PARTNERS INC.MERP75.7981.050.000.0073.160.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersVIRTU Americas LLCDTTX18.6016.840.000.0019.470.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersGOLDMAN SACHS & CO. LLCGSCO4.562.110.000.005.790.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersIEX GroupIEX10.700.000.000.001.050.00000.00000.00000.00000.00000.00000.00000.0000NASDAQ EXECUTION SERVICES, LLCINET0.350.000.000.000.530.00000.00000.00000.00000.00000.00000.00000.0000100.0037.551.191.9859.29VIRTU Americas LLCDTTX52.9650.53100.00100.0052.000.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersMERIDIAN EQUITY PARTNERS INC.MERP36.3645.260.000.0032.670.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersGOLDMAN SACHS & CO. LLCGSCO7.913.160.000.0011.330.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersIEX GroupIEX11.981.050.000.002.670.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersNASDAQ EXECUTION SERVICES, LLCINET0.790.000.000.001.330.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer orders0.000.000.000.000.0020249100.0055.170.000.0044.83MERIDIAN EQUITY PARTNERS INC.MERP82.7697.920.000.0064.100.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersVIRTU Americas LLCDTTX14.941.040.000.0032.050.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersGOLDMAN SACHS & CO. LLCGSCO2.301.040.000.003.850.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer orders100.0037.861.942.9157.28MERIDIAN EQUITY PARTNERS INC.MERP46.6076.920.000.0030.510.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersVIRTU Americas LLCDTTX38.8310.26100.00100.0052.540.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersGOLDMAN SACHS & CO. LLCGSCO10.6812.820.000.0010.170.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersIEX GroupIEX11.940.000.000.003.390.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer ordersNASDAQ EXECUTION SERVICES, LLCINET1.940.000.000.003.390.00000.00000.00000.00000.00000.00000.00000.0000Routing decisions for customer orders are not influenced by any agreement that provides an incentive to route to meet minimum order flow. Specifically, Dowling does not receive payment (i) for order flow; (ii) related to rebates that an executing broker may receive for providing liquidity; or (iii) in connection with any other economic benefit from any execution venue related to the customer orders Dowling does not provide payment for customer orders and bears all costs of execution related to customer orders0.000.000.000.000.00