George K. Baum and Company 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. For these non-directed
orders, George K. Baum and Company has selected the execution venue
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
Nasdaq 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 George K. Baum and Company, sets forth the percentage of various
types of orders routed to the venues, and discusses the material
aspects of George K. Baum and Company's relationship with the venues.
