1.2 Cobra Trading 2023 3 2023 7 1.62 26.05 44.30 29.63 0.03 INSTINET (SMRT) 77.96 22.99 33.11 21.83 0.03 -140.76 -1.7200 -141.94 -1.7200 -41.23 -1.7200 -0.0358 -1.7200 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SMRT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from SMRT $0.0097 per 100 shares to Cobra Trading receiving from SMRT $0.03 per 100 shares. LAMPOST CAPITAL (LAMP) 9.19 1.67 4.56 2.96 0.00 30.56 2.2700 46.89 2.2700 11.04 2.2700 0.0000 2.2700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays LAMP $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying LAMP $0.00824 per 100 shares to Cobra Trading receiving from LAMP $0.048 per 100 shares. For all option order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from LAMP $5.00 per 100 contracts in 2022, and $7.00 per 100 contracts in 2023. VIRTU AMERICAS, LLC. (FAN) 7.21 0.05 4.27 2.89 0.00 17.97 12.1800 219.83 12.1800 92.93 12.1800 0.0000 12.1800 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays FAN $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying to FAN $0.0856 per 100 shares to Cobra Trading paying to FAN $0.0494 per 100 shares. MERRILL LYNCH PIERCE FENNER & SMITH, INC. (SMART) 2.61 1.09 1.31 0.21 0.00 129.92 25.0000 94.75 25.0000 7.23 25.0000 0.0000 25.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays SMART $0.25 per 100 shares. CODA MARKETS, INC. (PSMT) 1.99 0.21 0.78 1.00 0.00 -2.33 -7.0000 -5.35 -7.0000 -1.09 -7.0000 0.0000 -7.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from PSMT $0.07 per 100 shares. DASH FINANCIAL TECHNOLOGIES (DFIN/DASH) 0.51 0.00 0.08 0.42 0.00 0.00 18.7700 4.16 18.7700 94.34 18.7700 0.0000 18.7700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DASH order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DASH $0.0758 per 100 shares to Cobra Trading paying DASH $0.3214 per 100 shares. For all DFIN/DASH option order types and size, regardless of contracts traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from DFIN/DASH $3.06 per 100 contracts to Cobra Trading paying DFIN/DASH $28.17 per 100 contracts. SPEEDROUTE, LLC (SPDRX) 0.43 0.03 0.12 0.28 0.00 0.26 4.3800 7.28 4.3800 5.15 4.3800 0.0000 4.3800 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SPDRX order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying SPDRX $0.146 per 100 shares to Cobra Trading paying SPDRX $0.2601 per 100 shares. SPEEDROUTE, LLC (REBATE) 0.07 0.01 0.04 0.02 0.00 -0.09 -2.9900 -0.06 -2.9900 0.00 -2.9900 0.0000 -2.9900 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all REBATE order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from REBATE $0.015 per 100 shares to Cobra Trading receiving from REBATE $0.056 per 100 shares. CODA MARKETS, INC. (PMID) 0.02 0.00 0.02 0.00 0.00 0.00 15.0000 0.38 15.0000 0.48 15.0000 0.0000 15.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays PMID $0.15 per 100 shares. SPEEDROUTE, LLC (HEAT) 0.02 0.00 0.01 0.01 0.00 0.00 7.1700 0.13 7.1700 0.00 7.1700 0.0000 7.1700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all HEAT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying HEAT $0.0356 per 100 shares to Cobra Trading paying HEAT $0.236 per 100 shares. INSTINET (VWAP) 0.01 0.01 0.00 0.00 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.0000 0.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all VWAP order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from VWAP $0.0356 per 100 shares to Cobra Trading paying VWAP $0.236 per 100 shares. 44.34 16.17 36.41 47.39 0.02 INSTINET (SMRT) 69.46 12.13 23.53 33.78 0.02 -3937.44 -1.7200 -9207.76 -1.7200 -6946.25 -1.7200 -22.2986 -1.7200 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SMRT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from SMRT $0.0097 per 100 shares to Cobra Trading receiving from SMRT $0.03 per 100 shares. LAMPOST CAPITAL (LAMP) 15.99 3.07 7.00 5.92 0.00 2159.22 2.2700 6115.27 2.2700 2354.89 2.2700 0.0000 2.2700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays LAMP $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying LAMP $0.00824 per 100 shares to Cobra Trading receiving from LAMP $0.048 per 100 shares. For all option order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from LAMP $5.00 per 100 contracts in 2022, and $7.00 per 100 contracts in 2023. VIRTU AMERICAS, LLC. (FAN) 9.00 0.09 3.47 5.44 0.00 362.87 12.1800 14091.86 12.1800 7484.18 12.1800 0.0000 12.1800 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays FAN $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying to FAN $0.0856 per 100 shares to Cobra Trading paying to FAN $0.0494 per 100 shares. MERRILL LYNCH PIERCE FENNER & SMITH, INC. (SMART) 1.99 0.59 0.71 0.69 0.00 4284.34 25.0000 3244.75 25.0000 1541.04 25.0000 0.0000 25.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays SMART $0.25 per 100 shares. CODA MARKETS, INC. (PSMT) 1.40 0.14 0.87 0.40 0.00 -27.05 -7.0000 -2359.11 -7.0000 -1113.94 -7.0000 0.0000 -7.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from PSMT $0.07 per 100 shares. SPEEDROUTE, LLC (REBATE) 0.92 0.02 0.26 0.65 0.00 -4.10 -2.9900 -70.32 -2.9900 -109.87 -2.9900 0.0000 -2.9900 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all REBATE order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from REBATE $0.015 per 100 shares to Cobra Trading receiving from REBATE $0.056 per 100 shares. SPEEDROUTE, LLC (SPDRX) 0.92 0.04 0.48 0.40 0.00 9.43 4.3800 333.33 4.3800 115.63 4.3800 4.3800 4.3800 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SPDRX order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying SPDRX $0.146 per 100 shares to Cobra Trading paying SPDRX $0.2601 per 100 shares. SPEEDROUTE, LLC (HEAT) 0.12 0.02 0.05 0.05 0.00 7.75 7.1700 40.25 7.1700 13.29 7.1700 0.0000 7.1700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all HEAT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying HEAT $0.0356 per 100 shares to Cobra Trading paying HEAT $0.236 per 100 shares. CODA MARKETS, INC. (PMID) 0.11 0.07 0.02 0.03 0.00 276.66 15.0000 54.29 15.0000 95.53 15.0000 0.0000 15.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays PMID $0.15 per 100 shares. DASH FINANCIAL TECHNOLOGIES (DFIN/DASH) 0.06 0.00 0.02 0.04 0.00 0.00 18.7700 50.27 18.7700 51.05 18.7700 0.0000 18.7700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DASH order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DASH $0.0758 per 100 shares to Cobra Trading paying DASH $0.3214 per 100 shares. For all DFIN/DASH option order types and size, regardless of contracts traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from DFIN/DASH $3.06 per 100 contracts to Cobra Trading paying DFIN/DASH $28.17 per 100 contracts. INSTINET (TWAP) 0.01 0.01 0.00 0.01 0.00 24.56 1.6300 0.00 1.6300 0.85 1.6300 0.0000 1.6300 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all TWAP order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from TWAP $0.024 per 100 shares to Cobra Trading paying TWAP $0.156per 100 shares. CLEARPOOL EXECUTION SERVICES, LLC (DRK) 0.01 0.01 0.00 0.00 0.00 5.64 16.3401 0.00 16.3401 0.00 16.3401 0.0000 16.3401 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DRK order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DRK $0.155 per 100 shares to Cobra Trading paying DRK $0.1927 per 100 shares. INSTINET (VWAP) 0.01 0.00 0.00 0.00 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.0000 0.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all VWAP order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from VWAP $0.0356 per 100 shares to Cobra Trading paying VWAP $0.236 per 100 shares. DASH FINANCIAL TECHNOLOGIES (STRK) 0.00 0.00 0.00 0.00 0.00 0.00 18.7699 12.18 18.7699 0.13 18.7699 0.0000 18.7699 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all STRK order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying STRK $0.0758 per 100 shares to Cobra Trading paying STRK $0.3214 per 100 shares. 90.31 13.61 31.46 54.93 0.00 LAMPOST CAPITAL (LAMP) 74.28 12.03 25.68 36.56 0.00 -613.41 -7.0000 -5757.57 -7.0000 -4073.93 -7.0000 0.0000 -7.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays LAMP $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying LAMP $0.00824 per 100 shares to Cobra Trading receiving from LAMP $0.048 per 100 shares. For all option order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from LAMP $5.00 per 100 contracts in 2022, and $7.00 per 100 contracts in 2023. DASH FINANCIAL TECHNOLOGIES (DFIN/DASH) 25.72 1.58 5.78 18.37 0.00 -70.56 -4.6459 -979.53 -4.6459 -1521.50 -4.6459 0.0000 -4.6459 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DASH order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DASH $0.0758 per 100 shares to Cobra Trading paying DASH $0.3214 per 100 shares. For all DFIN/DASH option order types and size, regardless of contracts traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from DFIN/DASH $3.06 per 100 contracts to Cobra Trading paying DFIN/DASH $28.17 per 100 contracts. 2023 8 8.32 28.71 41.58 29.71 0.01 INSTINET (SMRT) 73.82 25.44 28.22 20.16 0.00 -119.96 -1.0700 -110.62 -1.0700 -33.32 -1.0700 0.0000 -1.0700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SMRT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from SMRT $0.0097 per 100 shares to Cobra Trading receiving from SMRT $0.03 per 100 shares. VIRTU AMERICAS, LLC. (FAN) 10.17 0.42 5.80 3.95 0.00 10.29 11.8400 383.38 11.8400 87.12 11.8400 0.0000 11.8400 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays FAN $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying to FAN $0.0856 per 100 shares to Cobra Trading paying to FAN $0.0494 per 100 shares. LAMPOST CAPITAL (LAMP) 9.84 1.20 5.73 2.91 0.00 43.85 4.2600 102.15 4.2600 12.04 4.2600 0.0000 4.2600 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays LAMP $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying LAMP $0.00824 per 100 shares to Cobra Trading receiving from LAMP $0.048 per 100 shares. For all option order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from LAMP $5.00 per 100 contracts in 2022, and $7.00 per 100 contracts in 2023. CODA MARKETS, INC. (PSMT) 2.76 0.24 0.96 1.56 0.00 -6.85 -7.0000 -11.01 -7.0000 -4.03 -7.0000 0.0000 -7.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from PSMT $0.07 per 100 shares. MERRILL LYNCH PIERCE FENNER & SMITH, INC. (SMART) 2.46 1.25 0.53 0.68 0.00 180.38 25.0000 12.56 25.0000 6.92 25.0000 0.0000 25.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays SMART $0.25 per 100 shares. SPEEDROUTE, LLC (SPDRX) 0.32 0.01 0.15 0.16 0.01 0.04 17.3000 6.12 17.3000 3.51 17.3000 2.3009 17.3000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SPDRX order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying SPDRX $0.146 per 100 shares to Cobra Trading paying SPDRX $0.2601 per 100 shares. SPEEDROUTE, LLC (REBATE) 0.25 0.00 0.08 0.17 0.00 0.00 -0.5700 -0.12 -0.5700 -0.18 -0.5700 0.0000 -0.5700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all REBATE order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from REBATE $0.015 per 100 shares to Cobra Trading receiving from REBATE $0.056 per 100 shares. DASH FINANCIAL TECHNOLOGIES (STRK) 0.22 0.14 0.03 0.04 0.00 4.10 14.3100 0.23 14.3100 0.25 14.3100 0.0000 14.3100 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all STRK order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying STRK $0.0758 per 100 shares to Cobra Trading paying STRK $0.3214 per 100 shares. DASH FINANCIAL TECHNOLOGIES (DFIN/DASH) 0.06 0.00 0.03 0.03 0.00 0.00 14.3100 4.87 14.3100 15.05 14.3100 0.0000 14.3100 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DASH order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DASH $0.0758 per 100 shares to Cobra Trading paying DASH $0.3214 per 100 shares. For all DFIN/DASH option order types and size, regardless of contracts traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from DFIN/DASH $3.06 per 100 contracts to Cobra Trading paying DFIN/DASH $28.17 per 100 contracts. CODA MARKETS, INC. (PMID) 0.06 0.01 0.03 0.02 0.00 0.30 15.0000 2.10 15.0000 0.64 15.0000 0.0000 15.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays PMID $0.15 per 100 shares. SPEEDROUTE, LLC (HEAT) 0.04 0.01 0.02 0.02 0.00 0.01 5.1100 0.24 5.1100 0.21 5.1100 0.0000 5.1100 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all HEAT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying HEAT $0.0356 per 100 shares to Cobra Trading paying HEAT $0.236 per 100 shares. INSTINET (TWAP) 0.01 0.00 0.00 0.01 0.00 0.00 4.6700 0.00 4.6700 0.00 4.6700 0.0000 4.6700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all TWAP order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from TWAP $0.024 per 100 shares to Cobra Trading paying TWAP $0.156per 100 shares. 22.23 16.37 37.31 46.28 0.03 INSTINET (SMRT) 67.93 12.81 23.34 31.75 0.03 -2775.31 -1.0700 -5802.18 -1.0700 -5171.09 -1.0700 -10.0266 -1.0700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SMRT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from SMRT $0.0097 per 100 shares to Cobra Trading receiving from SMRT $0.03 per 100 shares. LAMPOST CAPITAL (LAMP) 17.05 2.62 8.24 6.19 0.00 3444.73 4.2600 16161.12 4.2600 7338.87 4.2600 0.0000 4.2600 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays LAMP $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying LAMP $0.00824 per 100 shares to Cobra Trading receiving from LAMP $0.048 per 100 shares. For all option order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from LAMP $5.00 per 100 contracts in 2022, and $7.00 per 100 contracts in 2023. VIRTU AMERICAS, LLC. (FAN) 9.11 0.14 3.23 5.73 0.00 263.58 11.8400 14046.89 11.8400 10002.55 11.8400 0.0000 11.8400 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays FAN $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying to FAN $0.0856 per 100 shares to Cobra Trading paying to FAN $0.0494 per 100 shares. MERRILL LYNCH PIERCE FENNER & SMITH, INC. (SMART) 1.88 0.56 0.68 0.64 0.00 4111.44 25.0000 3737.69 25.0000 3154.16 25.0000 0.0000 25.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays SMART $0.25 per 100 shares. CODA MARKETS, INC. (PSMT) 1.56 0.12 0.78 0.66 0.00 -65.84 -7.0000 -1713.77 -7.0000 -2147.60 -7.0000 0.0000 -7.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from PSMT $0.07 per 100 shares. SPEEDROUTE, LLC (SPDRX) 1.28 0.01 0.66 0.61 0.00 11.43 17.3000 2026.90 17.3000 657.19 17.3000 24.7823 17.3000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SPDRX order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying SPDRX $0.146 per 100 shares to Cobra Trading paying SPDRX $0.2601 per 100 shares. SPEEDROUTE, LLC (REBATE) 0.81 0.03 0.25 0.53 0.00 -6.06 -0.5700 -28.21 -0.5700 -34.90 -0.5700 0.0000 -0.5700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all REBATE order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from REBATE $0.015 per 100 shares to Cobra Trading receiving from REBATE $0.056 per 100 shares. SPEEDROUTE, LLC (HEAT) 0.19 0.01 0.08 0.09 0.00 6.27 5.1100 358.42 5.1100 1572.01 5.1100 0.0000 5.1100 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all HEAT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying HEAT $0.0356 per 100 shares to Cobra Trading paying HEAT $0.236 per 100 shares. CODA MARKETS, INC. (PMID) 0.09 0.04 0.02 0.04 0.00 205.41 15.0000 44.95 15.0000 113.30 15.0000 0.0000 15.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays PMID $0.15 per 100 shares. DASH FINANCIAL TECHNOLOGIES (STRK) 0.08 0.01 0.04 0.03 0.00 2.13 14.3100 2.65 14.3100 0.86 14.3100 0.0000 14.3100 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all STRK order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying STRK $0.0758 per 100 shares to Cobra Trading paying STRK $0.3214 per 100 shares. INSTINET (TWAP) 0.01 0.00 0.00 0.00 0.00 57.81 4.6700 0.01 4.6700 0.22 4.6700 0.0000 4.6700 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all TWAP order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from TWAP $0.024 per 100 shares to Cobra Trading paying TWAP $0.156per 100 shares. INSTINET (VWAP) 0.01 0.01 0.00 0.00 0.00 718.75 19.5000 0.00 19.5000 19.93 19.5000 0.0000 19.5000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all VWAP order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from VWAP $0.0356 per 100 shares to Cobra Trading paying VWAP $0.236 per 100 shares. DASH FINANCIAL TECHNOLOGIES (DFIN/DASH) 0.01 0.00 0.00 0.00 0.00 0.00 14.3100 0.17 14.3100 3.81 14.3100 0.0000 14.3100 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DASH order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DASH $0.0758 per 100 shares to Cobra Trading paying DASH $0.3214 per 100 shares. For all DFIN/DASH option order types and size, regardless of contracts traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from DFIN/DASH $3.06 per 100 contracts to Cobra Trading paying DFIN/DASH $28.17 per 100 contracts. CLEARPOOL EXECUTION SERVICES, LLC (DRK) 0.00 0.00 0.00 0.00 0.00 0.11 16.8529 0.00 16.8529 0.00 16.8529 0.0000 16.8529 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DRK order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DRK $0.155 per 100 shares to Cobra Trading paying DRK $0.1927 per 100 shares. Not Known 0.00 0.00 0.00 0.00 0.00 95.53 12.80 30.87 56.33 0.00 LAMPOST CAPITAL (LAMP) 75.45 12.47 22.74 40.24 0.00 -819.84 -7.0000 -9250.08 -7.0000 -5758.41 -7.0000 0.0000 -7.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays LAMP $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying LAMP $0.00824 per 100 shares to Cobra Trading receiving from LAMP $0.048 per 100 shares. For all option order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from LAMP $5.00 per 100 contracts in 2022, and $7.00 per 100 contracts in 2023. DASH FINANCIAL TECHNOLOGIES (DFIN/DASH) 24.55 0.34 8.13 16.09 0.00 60.75 7.9626 7905.35 7.9626 6977.31 7.9626 0.0000 7.9626 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DASH order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DASH $0.0758 per 100 shares to Cobra Trading paying DASH $0.3214 per 100 shares. For all DFIN/DASH option order types and size, regardless of contracts traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from DFIN/DASH $3.06 per 100 contracts to Cobra Trading paying DFIN/DASH $28.17 per 100 contracts. 2023 9 16.91 34.10 37.51 28.38 0.01 INSTINET (SMRT) 77.06 29.39 26.91 20.75 0.01 -27.60 -0.3000 -19.36 -0.3000 -4.62 -0.3000 -0.0903 -0.3000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SMRT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from SMRT $0.0097 per 100 shares to Cobra Trading receiving from SMRT $0.03 per 100 shares. LAMPOST CAPITAL (LAMP) 11.82 1.27 7.72 2.82 0.00 19.25 4.2800 91.91 4.2800 21.36 4.2800 0.0000 4.2800 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays LAMP $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying LAMP $0.00824 per 100 shares to Cobra Trading receiving from LAMP $0.048 per 100 shares. For all option order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from LAMP $5.00 per 100 contracts in 2022, and $7.00 per 100 contracts in 2023. CODA MARKETS, INC. (PSMT) 3.01 0.24 0.79 1.97 0.00 -7.53 -7.0000 -7.49 -7.0000 -3.21 -7.0000 0.0000 -7.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from PSMT $0.07 per 100 shares. VIRTU AMERICAS, LLC. (FAN) 2.97 0.02 1.50 1.45 0.00 1.71 12.6620 170.04 12.6620 31.94 12.6620 0.0000 12.6620 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays FAN $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying to FAN $0.0856 per 100 shares to Cobra Trading paying to FAN $0.0494 per 100 shares. MERRILL LYNCH PIERCE FENNER & SMITH, INC. (SMART) 1.61 1.45 0.11 0.05 0.00 114.29 25.0000 6.10 25.0000 1.13 25.0000 0.0000 25.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays SMART $0.25 per 100 shares. SPEEDROUTE, LLC (HEAT) 1.38 1.21 0.11 0.07 0.00 9.29 5.8800 61.41 5.8800 38.22 5.8800 0.0000 5.8800 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all HEAT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying HEAT $0.0356 per 100 shares to Cobra Trading paying HEAT $0.236 per 100 shares. DASH FINANCIAL TECHNOLOGIES (DFIN/DASH) 1.09 0.02 0.18 0.89 0.00 0.00 6.8000 3.91 6.8000 6.79 6.8000 0.0000 6.8000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DASH order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DASH $0.0758 per 100 shares to Cobra Trading paying DASH $0.3214 per 100 shares. For all DFIN/DASH option order types and size, regardless of contracts traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from DFIN/DASH $3.06 per 100 contracts to Cobra Trading paying DFIN/DASH $28.17 per 100 contracts. SPEEDROUTE, LLC (REBATE) 0.63 0.45 0.14 0.04 0.00 -1.10 -1.0000 -0.25 -1.0000 -0.02 -1.0000 0.0000 -1.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all REBATE order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from REBATE $0.015 per 100 shares to Cobra Trading receiving from REBATE $0.056 per 100 shares. CLEARPOOL EXECUTION SERVICES, LLC (DRK) 0.33 0.04 0.04 0.26 0.00 0.02 16.2100 0.02 16.2100 0.11 16.2100 0.0000 16.2100 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DRK order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DRK $0.155 per 100 shares to Cobra Trading paying DRK $0.1927 per 100 shares. SPEEDROUTE, LLC (SPDRX) 0.07 0.00 0.00 0.07 0.00 0.00 8.2200 0.00 8.2200 0.54 8.2200 0.0000 8.2200 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SPDRX order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying SPDRX $0.146 per 100 shares to Cobra Trading paying SPDRX $0.2601 per 100 shares. CODA MARKETS, INC. (PMID) 0.03 0.00 0.02 0.01 0.00 0.00 15.0000 0.35 15.0000 0.22 15.0000 0.0000 15.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays PMID $0.15 per 100 shares. INSTINET (VWAP) 0.00 0.00 0.00 0.00 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.0000 0.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all VWAP order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from VWAP $0.0356 per 100 shares to Cobra Trading paying VWAP $0.236 per 100 shares. 36.51 15.10 35.40 49.46 0.04 INSTINET (SMRT) 74.11 11.55 24.38 38.14 0.04 -680.73 -0.3000 -1912.48 -0.3000 -1529.85 -0.3000 -1.2686 -0.3000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SMRT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from SMRT $0.0097 per 100 shares to Cobra Trading receiving from SMRT $0.03 per 100 shares. LAMPOST CAPITAL (LAMP) 14.67 2.03 7.11 5.53 0.00 2704.55 4.2800 13461.48 4.2800 4031.90 4.2800 0.0000 4.2800 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays LAMP $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying LAMP $0.00824 per 100 shares to Cobra Trading receiving from LAMP $0.048 per 100 shares. For all option order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from LAMP $5.00 per 100 contracts in 2022, and $7.00 per 100 contracts in 2023. VIRTU AMERICAS, LLC. (FAN) 5.64 0.11 2.23 3.31 0.00 280.43 12.6620 14940.89 12.6620 16993.50 12.6620 0.0000 12.6620 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays FAN $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying to FAN $0.0856 per 100 shares to Cobra Trading paying to FAN $0.0494 per 100 shares. MERRILL LYNCH PIERCE FENNER & SMITH, INC. (SMART) 2.14 0.79 0.54 0.81 0.00 3190.34 25.0000 6926.30 25.0000 4377.05 25.0000 0.0000 25.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays SMART $0.25 per 100 shares. CODA MARKETS, INC. (PSMT) 1.04 0.07 0.44 0.52 0.00 -17.79 -7.0000 -1400.46 -7.0000 -2271.40 -7.0000 0.0000 -7.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from PSMT $0.07 per 100 shares. SPEEDROUTE, LLC (HEAT) 0.69 0.29 0.18 0.22 0.00 34.34 5.8800 3398.22 5.8800 8524.14 5.8800 0.0000 5.8800 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all HEAT order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying HEAT $0.0356 per 100 shares to Cobra Trading paying HEAT $0.236 per 100 shares. SPEEDROUTE, LLC (SPDRX) 0.63 0.02 0.30 0.32 0.00 8.47 8.2200 472.53 8.2200 163.61 8.2200 1.2330 8.2200 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all SPDRX order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying SPDRX $0.146 per 100 shares to Cobra Trading paying SPDRX $0.2601 per 100 shares. SPEEDROUTE, LLC (REBATE) 0.51 0.07 0.15 0.28 0.00 -13.23 -1.0000 -40.09 -1.0000 -82.03 -1.0000 0.0000 -1.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all REBATE order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from REBATE $0.015 per 100 shares to Cobra Trading receiving from REBATE $0.056 per 100 shares. CLEARPOOL EXECUTION SERVICES, LLC (DRK) 0.22 0.07 0.01 0.13 0.00 1.01 16.2100 2.19 16.2100 3.59 16.2100 0.0000 16.2100 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DRK order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DRK $0.155 per 100 shares to Cobra Trading paying DRK $0.1927 per 100 shares. CODA MARKETS, INC. (PMID) 0.18 0.05 0.03 0.09 0.00 267.08 15.0000 105.23 15.0000 358.92 15.0000 0.0000 15.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays PMID $0.15 per 100 shares. DASH FINANCIAL TECHNOLOGIES (DFIN/DASH) 0.12 0.01 0.02 0.09 0.00 0.61 6.8000 16.53 6.8000 6.91 6.8000 0.0000 6.8000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DASH order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DASH $0.0758 per 100 shares to Cobra Trading paying DASH $0.3214 per 100 shares. For all DFIN/DASH option order types and size, regardless of contracts traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from DFIN/DASH $3.06 per 100 contracts to Cobra Trading paying DFIN/DASH $28.17 per 100 contracts. DASH FINANCIAL TECHNOLOGIES (STRK) 0.03 0.02 0.01 0.01 0.00 4.97 6.8000 1.16 6.8000 0.21 6.8000 0.0000 6.8000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all STRK order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying STRK $0.0758 per 100 shares to Cobra Trading paying STRK $0.3214 per 100 shares. INSTINET (VWAP) 0.02 0.01 0.00 0.01 0.00 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.0000 0.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all VWAP order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from VWAP $0.0356 per 100 shares to Cobra Trading paying VWAP $0.236 per 100 shares. INSTINET (TWAP) 0.01 0.01 0.00 0.00 0.00 2.54 0.1400 0.00 0.1400 0.01 0.1400 0.0000 0.1400 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all TWAP order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from TWAP $0.024 per 100 shares to Cobra Trading paying TWAP $0.156per 100 shares. 92.09 18.86 34.52 46.62 0.00 LAMPOST CAPITAL (LAMP) 86.32 18.47 30.98 36.87 0.00 -800.59 -7.0000 -2346.82 -7.0000 -1171.80 -7.0000 0.0000 -7.0000 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all order types and size for equities priced below $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading pays LAMP $0.05 per 100 shares. For all order types and size for equities priced above $1.00, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading received a blended rate over the past year ranged from Cobra Trading paying LAMP $0.00824 per 100 shares to Cobra Trading receiving from LAMP $0.048 per 100 shares. For all option order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives from LAMP $5.00 per 100 contracts in 2022, and $7.00 per 100 contracts in 2023. DASH FINANCIAL TECHNOLOGIES (DFIN/DASH) 13.68 0.39 3.54 9.75 0.00 -74.75 -16.7600 -3954.19 -16.7600 -5086.83 -16.7600 0.0000 -16.7600 Cobra Trading may receive volume discounts not passed on to clients. Likewise, rebates passed on to clients by Cobra Trading may be less than the rebates Cobra Trading receives from the relevant market. For all DASH order types and size, regardless of shares traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading paying DASH $0.0758 per 100 shares to Cobra Trading paying DASH $0.3214 per 100 shares. For all DFIN/DASH option order types and size, regardless of contracts traded in a given day, month, year, etc., or any other negotiated qualifier, Cobra Trading receives or pays a blended rate based on that month?s activity. This blended rate over the past year ranged from Cobra Trading receiving from DFIN/DASH $3.06 per 100 contracts to Cobra Trading paying DFIN/DASH $28.17 per 100 contracts.