The following report provides information on the order routing practices of W.P. Stewart Securities Limited ("WPSSL"). The report contains information with respect to customers' "non-directed orders." A non-directed order is an order that a customer has not specifically instructed to be routed to a particular venue for execution. Instead, WPSSL has selected the venue for execution on behalf of the customer.

The report is divided into four sections: (1) securities listed on the New York Stock Exchange ("NYSE") and reported as a Network A¹ eligible security; (2) securities listed on The Nasdaq Stock Market; (3) securities listed on the American Stock Exchange ("AMEX") or regional exchanges and reported as a Network B² eligible security; and (4) exchange-listed options. For each section, the report identifies the venues most often selected by WPSSL, the percentage of various types of orders routed to the venues, and the material aspects of WPSSL's relationship with the venues.

¹ Network A is operated pursuant to the Consolidated Tape Association Plan ("CTA Plan") and the Consolidated Quotation Plan ("CQ Plan"). It disseminates market information for any common stock, long-term warrant, or preferred stock admitted to dealings on the NYSE.

² Network B is also operated pursuant to the CTA Plan and the CQ Plan. It disseminates market information for any common stock, long-term warrant, or preferred stock admitted to dealings on the AMEX or the regional exchanges, but not also admitted to dealings on the NYSE or included in the Nasdaq market.