SEC Rule 606 Report (Order Execution Quality)

Pursuant to U.S. Securities and Exchange Commission (“SEC”) Rules and Regulations, specifically Rule 606, Macro Risk Advisors, LLC is required to make publicly available quarterly reports on our order routing practices. The report provides information on the routing of "non-directed orders" – any order that the customer has not specifically instructed us to route to a particular venue for execution. For these non-directed orders, Macro Risk Advisors, LLC has selected the execution venue on behalf of its customers.

Please click on the below web address to access the report:

http://www.tta.thomson.com/msi/reports/index.html?clientid=mrad

Customers may request the identity of the where specific orders were routed for execution for any order by emailing a request to compliance@macroriskadvisors.com