SIG - SFG - SEC Rule 606 Report

SEC Rule 606 (formerly 11Ac1-6 Order Routing Report)

Susquehanna Financial Group, LLLP has prepared this report pursuant to a U.S. Securities and Exchange Commission Rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" – any order that the customer has not specifically instructed to be routed to a particular venue for execution.

The report is divided into four sections: securities listed on the NYSE; securities listed on NASDAQ; securities listed on the AMEX; and one for exchange-listed options. For each section, this report identifies the venues most often selected by SFG, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of SFG's relationship with the venues.

Note: All statistics are based on 2nd quarter, 2008 data.

Summary Statistics for NYSE Issues

Non-directed orders as a percent of total orders: 76.73%
Market orders as percent of total non-directed orders: 0%
Limit orders as percent of total non-directed orders: 0%
Other orders as percent of total non-directed orders: 100%

	NYSE	NASDAQ	ARCA	BATS
NYSE Issues	12.51%	17.80%	64.13%	3.78%
Market Orders	0%	0%	0%	0%
Limit Orders	0%	0%	0%	0%
Other	12.51%	17.80%	64.13%	3.78%

SFG is an affiliate of Susquehanna International Group, LLP (SIG), which comprises several trading and investment entities under common control. SFG does not receive "payment for order flow", however, affiliate entities in their role as specialist and/or market maker may execute orders on a principal basis in the subject securities.

Summary Statistics for AMEX Issues

Non-directed orders as a percent of total orders: 8.53%
Market orders as percent of total non-directed orders: 0%
Limit orders as percent of total non-directed orders: 0%
Other orders as percent of total non-directed orders: 100%

	AMEX	NASDAQ	EDGX	ARCA	BATS
AMEX Issues	0%	38.10%	.79%	55.56%	2.41%
Market Orders	0%	0%	0%	0%	0%
Limit Orders	0%	0%	0%	0%	0%
Other	0%	38.10%	.79%	55.56%	2.41%

SFG is an affiliate of SIG, which comprises several trading and investment entities under common control. SFG does not receive "payment for order flow", however, affiliates in their role as specialist may execute orders on a principal basis in the subject securities.

Summary Statistics for NASDAQ Issues

Non-directed orders as a percent of total orders: 70.48%
Market orders as percent of total non-directed orders: 0%
Limit orders as percent of total non-directed orders: 0%
Other orders as percent of total non-directed orders: 100%

	NASDAQ	ARCA	BATS	EDGX
NASDAQ Issues	47.69%	42.02%	9.14%	.53%
Market Orders	0%	0%	0%	0%
Limit Orders	0%	0%	0%	0%
Other	47.69%	42.02%	9.14%	.53%

Summary Statistics for Listed Options

Non-directed orders as a percent of total orders: 100%
Market orders as percent of total non-directed orders: 0%
Limit orders as percent of total non-directed orders: 100%

Venues Receiving Significant Percentage of Total Non-directed Orders:

Global Execution Brokers, LP (GEB)	100%

	Market	Limit
Global Execution Brokers, LP (GEB)	0%	100%

SFG is an affiliate of SIG, which comprises several trading and investment entities under common control. Affiliates include Susquehanna Investment Group, equity and index option specialists, Susquehanna Securities, equity option market makers, and GEB, an electronic option routing and option floor broker. SFG does not receive "payment for order flow," however either Susquehanna Investment Group or Susquehanna Securities as a market maker or specialist may execute orders on a principal basis in the subject options.