Welcome to the Univest Securities, Inc. Customer Order Routing Report Page

This is our NASD Rule11Ac1-6 Compliance Page

Quarterly reports have been prepared for Univest Securities, Inc. by Ridge Clearing, Inc. pursuant to U.S. Securities and Exchange Commission Rule 11 Ac1-6 which requires certain brokerage firms to make publicly available quarterly reports on their order routing practices. All orders received by Univest Securities, Inc. on behalf of its customers are directed to Ridge Clearing, Inc. for execution/routing. This report provides information on the routing of "non-directed orders". These are orders that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, Ridge Clearing, Inc. has selected the execution venue on behalf of our customers.

The report is divided into four sections: The New York Stock Exchange, The NASDAQ Stock Market, The American Stock Exchange or regional exchanges, and the exchange-listed options. For each section, this report identifies the venues most often selected by Ridge Clearing, Inc. sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of Ridge Clearing's relationship with the venues.

3rd Quarter Of 2007

Rule 11 Detail Information from 2002 to the Present (authentication required)

Rule 11 Summary Information from 2002 to the Present (authentication required)

A written copy of this report will be furnished upon request. In addition, information regarding the specific routing or any orders executed for your account will be furnished upon request. Please contact us at:

Univest Securities, Inc.

Attn. David Ada-Winter

330 West 38th Street, Suite 238

New York, NY 10018

Tel: (212) 343-8888

Fax: (212) 966-0648

Email: dawinter@winstrade.net