Moors & Cabot Rule 606 Disclosure

Moors & Cabot, Inc. (MCBT) has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make available to the public quarterly reports about 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, MCBT has selected the execution venue on behalf of its customers. The report is divided into four sections:
1. New York Stock Exchange listed securities
2. Nasdaq Stock Market listed securities
3. American Stock Exchange and regional exchanges listed securities
4. Exchange listed options
For each section, this report identifies the venues most often selected by MCBT, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of MCBT's relationship with the venues. This report was prepared by Quantum5, a third party market surveillance and auditing firm. Questions regarding this report should be addressed to the MCBT Compliance Department at (617) 314-0295.