SEC Rule 606 Report - Needham & Co. Inc. - 4th Qtr, 2011

(Percentages of Total Non-Directed Orders Routed to Individual Route Venues)


Securities Listed on New York Stock Exchange Euronext
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 0 0 100
JP Morgan Securities 38.39 0.00 0.00 38.39
New York Stock Exch 17.61 0.00 0.00 17.61
Nasdaq Execution Services 15.84 0.00 0.00 15.84
Archipelago LLC 12.41 0.00 0.00 12.41
NYSE Arca 4.92 0.00 0.00 4.92
Barcalys Capital INC 3.29 0.00 0.00 3.29
100.00% of total customer orders were non-directed orders.

Securities Listed on The Nasdaq Stock Market
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 0 0 100
Needham & Co Inc 96.09 0.00 0.00 96.09
100.00% of total customer orders were non-directed orders.

Securities Listed on NYSE Amex or Regional Exchanges
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 0 0 100
JP Morgan Securities 31.06 0.00 0.00 31.06
Archipelago LLC 29.99 0.00 0.00 29.99
NYSE Arca 13.79 0.00 0.00 13.79
Nasdaq Execution Services 7.50 0.00 0.00 7.50
BATS Stock Exchange 5.76 0.00 0.00 5.76
NYSE Amex 4.69 0.00 0.00 4.69
100.00% of total customer orders were non-directed orders.

Exchange-Listed Options
Route VenuesTotal (%)Market (%)Limit (%)Other (%)
Total (%)100 0 91 9
NASDAQ OMX PHLX 46.66 0.00 51.42 0.18
BATS Stock Exchange 23.18 0.00 25.55 0.00
Philadelphia Exch 13.03 0.00 13.06 12.72
NYSE Amex 9.99 0.00 6.75 41.67
100.00% of total customer orders were non-directed orders.


Material Aspects of Relationship with Route Venues
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