1.3 Tastytrade Inc 2025 4 2026-01-20T19:00:12Z 2025 10 100.00 23.92 21.40 43.45 11.23 Virtu Americas, LLC 34.31 31.36 35.26 34.10 39.59 834.76 14.9992 1486.74 14.9696 2029.97 14.1547 1265.65 12.9115 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. CITADEL SECURITIES LLC 29.64 27.81 28.71 29.83 34.58 705.32 15.0000 1592.89 13.9645 1936.93 14.2868 876.64 14.7664 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Hudson River Trading (HRT) 23.91 28.01 23.98 24.44 13.03 841.99 15.0000 1388.31 14.9920 1660.48 14.9767 329.94 14.9999 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Jane Street Capital 12.14 12.82 12.05 11.63 12.80 330.32 14.9998 693.23 14.3567 816.77 14.2253 345.30 14.7575 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. 100.00 19.71 38.05 33.41 8.83 Virtu Americas, LLC 33.99 31.38 33.38 34.45 40.69 9509.97 14.7861 140934.47 14.8740 15775.03 14.1462 14880.09 12.6196 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. CITADEL SECURITIES LLC 29.77 27.92 29.01 30.35 34.94 7632.56 14.5480 126718.38 14.7472 16585.90 13.7676 9177.80 14.5410 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Hudson River Trading (HRT) 24.34 28.22 25.41 24.02 12.30 8295.20 14.2252 124487.38 14.9362 15871.10 14.4634 4261.58 15.0000 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Jane Street Capital 11.91 12.49 12.21 11.18 12.07 3484.58 14.7012 56598.16 14.7976 5915.47 13.8218 3325.98 14.5436 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. 100.00 1.22 5.03 8.59 85.16 Dash/IMC Financial Markets 34.43 42.57 42.47 43.50 32.93 142237.33 61.6467 1030189.97 64.7568 800754.46 62.1428 956677.26 34.0328 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. In connection with Dash Financial’s handling of tastytrade, Inc.’s listed option orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, designed to facilitate liquidity and price improvement opportunities. Pursuant to these arrangements, Dash routes listed option orders to exchanges and preferences the liquidity providers consistent with exchange sponsored programs. It is noted that these liquidity providers provide Dash with remuneration in connection with tastytrade, Inc.’s listed option orders, including reciprocal order flow consideration or payment per contract in return for tastytrade, Inc.’s listed option orders that Dash routes or directs. CITADEL SECURITIES LLC 30.09 32.19 32.12 33.24 29.62 101724.13 61.2409 850579.87 65.5669 579649.65 60.9317 781466.03 32.6808 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. Wolverine Execution Services 18.63 2.91 3.54 2.29 21.39 10071.33 60.5976 75364.66 65.9318 47354.48 61.2852 535863.47 25.4445 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. Jane Street Capital 16.85 22.33 21.87 20.97 16.06 78145.41 62.0537 423710.17 62.9436 370372.12 61.7808 344269.20 27.6262 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. 2025 11 100.00 21.78 22.96 43.76 11.50 CITADEL SECURITIES LLC 31.58 25.16 31.42 33.04 38.50 552.32 14.9999 1036.46 14.2773 1307.48 14.3030 615.79 14.6286 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Hudson River Trading (HRT) 24.33 25.50 25.64 25.52 14.98 587.30 14.9885 925.98 14.9927 1142.82 15.0000 240.40 15.0000 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Jane Street Capital 20.53 18.77 20.59 20.56 23.59 457.39 15.0000 811.49 14.5179 985.29 14.6777 398.51 14.7046 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Virtu Americas, LLC 20.23 15.27 22.35 20.87 22.93 342.76 15.0000 555.56 15.0000 882.54 14.9969 540.85 12.5976 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. 100.00 22.67 37.60 31.44 8.29 CITADEL SECURITIES LLC 31.66 28.22 30.94 33.21 38.49 4711.03 13.4349 134006.22 14.8268 14334.83 13.7127 4689.96 14.0095 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Hudson River Trading (HRT) 26.76 29.45 27.65 26.82 15.19 4951.49 13.5648 143519.15 14.9541 11423.74 14.1641 1473.56 15.0001 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Jane Street Capital 21.35 21.72 21.84 20.10 22.92 3365.82 13.3267 107407.28 14.8915 7361.68 13.5424 3409.95 14.4556 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Virtu Americas, LLC 19.22 16.18 19.58 19.87 23.40 3111.53 14.3861 77828.91 14.9468 6241.83 13.9902 4787.27 12.3515 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. 100.00 1.45 4.79 8.38 85.38 Dash/IMC Financial Markets 34.55 43.66 43.41 44.48 32.92 131956.82 61.1727 633939.91 62.9691 555943.40 60.7255 666792.73 31.7121 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. In connection with Dash Financial’s handling of tastytrade, Inc.’s listed option orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, designed to facilitate liquidity and price improvement opportunities. Pursuant to these arrangements, Dash routes listed option orders to exchanges and preferences the liquidity providers consistent with exchange sponsored programs. It is noted that these liquidity providers provide Dash with remuneration in connection with tastytrade, Inc.’s listed option orders, including reciprocal order flow consideration or payment per contract in return for tastytrade, Inc.’s listed option orders that Dash routes or directs. CITADEL SECURITIES LLC 30.88 31.11 30.64 31.53 30.82 92943.40 61.5503 463862.04 63.9365 372382.81 59.9742 564776.28 30.2088 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. Wolverine Execution Services 17.35 2.95 3.55 2.32 19.85 8830.94 60.6687 39713.58 63.4200 36169.82 61.0183 377146.68 25.6919 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. Jane Street Capital 17.23 22.28 22.40 21.67 16.41 68202.04 61.0031 251929.80 60.4044 257321.60 59.7975 247257.49 25.3523 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. 2025 12 100.00 27.69 22.17 39.73 10.41 CITADEL SECURITIES LLC 36.34 30.26 35.15 38.78 45.74 682.73 15.0001 1536.25 14.3999 1832.31 14.4420 641.62 14.8925 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Hudson River Trading (HRT) 25.46 27.03 26.71 26.32 15.36 553.07 14.9999 1262.95 15.0000 1314.91 15.0000 279.84 15.0002 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Jane Street Capital 21.00 19.86 21.44 20.77 23.93 408.24 15.0000 1013.05 14.5663 1047.34 14.6183 380.48 14.8674 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Virtu Americas, LLC 13.59 9.82 16.69 14.13 14.98 252.70 15.0000 485.20 15.0000 576.21 15.0000 230.75 12.9259 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. 100.00 23.19 36.68 32.44 7.69 CITADEL SECURITIES LLC 37.08 32.35 36.48 39.23 45.12 5729.05 14.5725 200130.52 14.7680 15591.08 13.4722 5665.26 14.2404 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Hudson River Trading (HRT) 27.98 29.63 28.27 29.02 17.18 5400.76 14.0436 180650.36 14.9392 13080.80 14.5108 1676.49 14.9796 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Jane Street Capital 21.04 21.37 22.19 19.12 22.67 4092.40 13.4482 134136.84 14.8399 8496.22 14.1366 3664.22 14.3140 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. Virtu Americas, LLC 12.50 10.63 13.05 12.63 15.03 1986.57 14.5930 62820.09 14.8824 4188.20 14.2440 3138.18 11.8582 tastytrade, Inc. receives payment for executed listed equity orders routed to market makers. The payment is $0.0015 or less per share for all order types. tastytrade, Inc. does not receive payment on orders for securities priced below $1. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing listed equity order flow to a market maker. 100.00 1.37 4.88 8.26 85.50 Dash/IMC Financial Markets 34.72 44.69 44.51 45.43 32.97 148745.95 58.9546 668296.80 60.0641 530798.61 57.5888 711757.54 32.3733 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. In connection with Dash Financial’s handling of tastytrade, Inc.’s listed option orders, Dash has arrangements with multiple unaffiliated liquidity providers, including IMC Financial Markets, designed to facilitate liquidity and price improvement opportunities. Pursuant to these arrangements, Dash routes listed option orders to exchanges and preferences the liquidity providers consistent with exchange sponsored programs. It is noted that these liquidity providers provide Dash with remuneration in connection with tastytrade, Inc.’s listed option orders, including reciprocal order flow consideration or payment per contract in return for tastytrade, Inc.’s listed option orders that Dash routes or directs. CITADEL SECURITIES LLC 30.19 30.39 30.21 31.02 30.10 98515.27 58.8302 482164.84 61.7177 347631.20 56.5604 559700.82 29.6855 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. Wolverine Execution Services 20.12 3.10 3.69 2.38 23.04 9932.24 58.7846 42944.23 60.7939 32211.72 56.9897 388358.99 23.7476 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates. Jane Street Capital 14.97 21.82 21.59 21.17 13.89 71287.83 58.4360 252186.88 57.9819 242379.10 57.2770 212769.89 25.1620 tastytrade, Inc. receives payment for executed multi-listed option orders routed to market makers. tastytrade, Inc. does not receive payment for executed single-listed index option orders routed to market markers. Per contract payment is subject to change on a semi-monthly basis as a result of market conditions. When applicable, this occurs on the first trading day of the month and the first trading day after the 15th of the month. For single and complex option order flow, the payment received per contract was $0.69 then $0.71 in October. The rate was $0.71 in November. The rate was $0.69 then $0.68 in December. The payment received is the same for all symbols and order types. tastytrade, Inc. does not have arrangements for order flow type or negotiate payment as a condition for increasing option order flow to a market maker. All market makers pay the same per contract rates.