Butler, Wick & Co., Inc.
City Centre One, Suite 700
Youngstown, Ohio 44503
Phone: (330) 744-4351

CLICK HERE for SEC Required Report on Routing of Customer Orders
Data For Quarters After September 30, 2006

SEC Required Report on Routing of Customer Orders
For Quarter Ending September 30, 2006

Butler, Wick & Co., Inc. 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 on behalf of its customers.

The report is divided into four sections: one for securities listed on the New York Stock Exchange; one for securities listed on The FINRAaq Stock Market; one for securities listed on the American Stock Exchange or regional exchanges; and one for exchange-listed options. For each section, this report identifies the venues most often selected by Butler Wick, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Butler Wick's relationship with the venue.

Summary Statistics:

Non-directed orders as percentage of total NYSE customer orders: 100%

Market orders as a percentage of total NYSE non-directed orders: 75%

Limit orders as percentage of total NYSE non-directed orders: 25%

Venues Receiving Significant Percentage of NYSE Non-Directed Orders

1. MAX: 44%
2. Trimark Securities, Inc.: 41%
3. Knight Securities, Inc: 14%

Information Concerning Significant Venues:

1. MAX

Types of Orders Routed to Venue:

Market orders as a percentage of total NYSE market orders: 52%

Limit orders as a percentage of total NYSE limit orders: 21%

Material Aspects of Relationship with Venue: Butler Wick & Co., Inc. is a member of the Chicago Stock Exchange and pays fees to the Exchange and/or it's fellow member(s) for trades executed on the Exchange. Butler Wick receives payment from the Chicago Stock Exchange for orders routed there for execution.

2. Trimark Securities, Inc.

Types of Orders Routed to Venue:

Market orders as a percentage of total NYSE market orders: 48%

Limit orders as a percentage of total NYSE limit orders: 20%

Material Aspects of Relationship with Venue: Butler Wick does not receive rebates or other consideration from Trimark Securities, Inc. for transactions routed there for execution.

3. Knight Securities, Inc.

Types of Orders Routed to Venue:

Market orders as a percentage of total NYSE market orders: 0%

Limit orders as a percentage of total NYSE limit orders: 55%

Material Aspects of Relationship with Venue: Butler Wick receives payment from Knight Securities, Inc. for orders routed there for execution.

Securities Listed on the FINRAaq Stock Market

Summary Statistics:

Non-directed orders as percentage of total FINRAAQ customer orders: 100%

•  Market orders as a percentage of total FINRAAQ non-directed orders: 71%

• Limit orders as percentage of total FINRAAQ non-directed orders: 29%

Venues Receiving Significant Percentage of FINRAAQ Non-Directed Orders

1. Knight Securities, Inc.: 78%
2. UBS PaineWeber Inc.: 18%
3. BRUT ECN: 3%

Information Concerning Significant Venues

1. Knight Securities, Inc.

Types of Orders Routed to Venue:

Market orders as a percentage of total FINRAAQ market orders: 77%

Limit orders as a percentage of total FINRAAQ limit order: 81%


Material Aspects of Relationship with Venue: Butler Wick receives payment from Knight Securities, Inc. for orders routed there for execution.

2. UBS PaineWebber Inc.

Types of Orders Routed to Venue:

Market orders as a percentage of total FINRAAQ market orders: 23%

Limit orders as a percentage of total FINRAAQ limit order: 4%


Material Aspects of Relationship with Venue: Butler Wick does not receive rebates or other consideration from UBS Painewebber, Inc. for orders routed there for execution.

3. BRUT ECN

Types of Orders Routed to Venue:

Market orders as a percentage of total FINRAAQ market orders: 0%

Limit orders as a percentage of total FINRAAQ limit order: 11%


Material Aspects of Relationship with Venue:Butler Wick does not receive rebates or other consideration from BRUT ECN for transactions routed there for execution.

Summary Statistics:

Non-directed orders as percentage of total AMEX customer orders: 100%

Market orders as a percentage of total AMEX non-directed orders: 59%

Limit orders as percentage of total AMEX non-directed orders: 41%

Venues Receiving Significant Percentage of AMEX Non-Directed Orders

1. Trimark Securities, Inc.: 40%
2. MAX: 30%
3. Merrill Lynch, Pierce, Fenner & Smith: 22%
4. Knight Securities, Inc.: 7%

Information Concerning Significant Venues

1. Trimark Securities, Inc.

Types of Orders Routed to Venue:

Market orders as a percentage of total AMEX market orders: 52%

Limit orders as a percentage of total AMEX limit orders: 22%

Material Aspects of Relationship with Venue: Butler Wick does not receive rebates or other consideration from Trimark Securities, Inc. for transactions routed there for execution.

2. MAX

Types of Orders Routed to Venue:

Market orders as a percentage of total AMEX market orders: 34%

Limit orders as a percentage of total AMEX limit orders: 24%

Material Aspects of Relationship with Venue: Butler Wick & Co., Inc. is a member of the Chicago Stock Exchange and pays fees to the Exchange and/or it's fellow member(s) for trades executed on the Exchange. Butler Wick receives payment from the Chicago Stock Exchange for orders routed there for execution.

3. Merrill Lynch, Pierce, Fenner & Smith

Types of Orders Routed to Venue:

Market orders as a percentage of total AMEX market orders: 14%

Limit orders as a percentage of total AMEX limit order: 35%


Material Aspects of Relationship with Venue: Butler Wick does not receive rebates or other consideration from Merrill Lynch, Pierce, Fenner & Smith for orders routed there for execution.

4. Knight Securities, Inc.

Types of Orders Routed to Venue:

Market orders as a percentage of total AMEX market orders: 0%

Limit orders as a percentage of total AMEX limit orders: 15%

Material Aspects of Relationship with Venue: Butler Wick receives payment from Knight Securities, Inc. for orders routed there for execution.

Exchange-Listed Options

Summary Statistics:

Non-directed orders as percentage of total customer orders: 100%

Market orders as a percentage of total Options non-directed orders: 16%

Limit orders as percentage of total Options non-directed orders: 84%

Venue Receiving Significant Percentage of Non-Directed Orders

1. Broadcort-Merrill Lynch: 98%
2. CBOE: 2%

Information Concerning Significant Venues

1. Broadcort-Merrill Lynch

Types of Orders Routed to Venue:

Market orders as a percentage of total Options market orders: 100%

Limit orders as a percentage of total limit Options orders: 97%

Material Aspects of Relationship with Venue: Butler Wick does not receive payments or other considerations from Broadcort-Merrill Lynch for transactions routed there for execution.

2. CBOE

Types of Orders Routed to Venue:

Market orders as a percentage of total Options market orders: 0%

Limit orders as a percentage of total limit Options orders: 3%

Material Aspects of Relationship with Venue: Butler Wick does not receive rebates or other considerations from the CBOE for transactions routed there for execution.