Form X-17A-5 Sig Brokerage, Lp

FOCUS Report

Published: 2019-02-19 17:14:40
Submitted: 2019-02-19
Period Ending In: 2018-12-31
primary_doc.html


X-17A-5: Filer Information

X-17A-5: Submission Information

X-17A-5: A. Registrant Identification

Address of Principal Place of Business (Do not use P.O. Box No.)

Address 1
140 BROADWAY
Address 2
47TH FLOOR
City
NEW YORK
State/Country
NEW YORK
Mailing Zip/ Portal Code
10005

Name and Telephone Number of Person to Contact in Regard to this Report

Name
Robert Sack
Telephone Number
610-617-2812

X-17A-5: B. Accountant Identification

Independent Public Accountant

X-17A-5: Signature

Oath or Affirmation

I, Robert C Sack, swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of SIG BROKERAGE, LP, as of 02-19-2019, are true and correct. I further swear (or affirm) that neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows:

Notary Public

primary_doc.xml

Header Data

Submission Type
X-17A-5

Filer Info

Filer Credentials

Filer Cik
0001094429
Filer Ccc
XXXXXXXX
Live Test Flag
LIVE

Flags

Return Copy Flag
false
Confirming Copy Flag
false
Override Internet Flag
false

Form Data

Submission Information

Period Begin
01-01-2018
Period End
12-31-2018
Type Of Registrant
Broker-dealer
Material Weakness
N

Registrant Identification

Broker Dealer Name
SIG BROKERAGE, LP
Contact Person Name
Robert Sack
Contact Person Phone Number
610-617-2812

Accountant Identification

Accountant Name
EisnerAmper
Accountant Type
Certified Public Accountant

Oath Signature

Sign Person Name
Robert C Sack
Entity Name
SIG BROKERAGE, LP
Sign Date
02-19-2019
Signature
Robert C Sack
Oath Title
Treasurer
Confirm Notarized Flag
Y
2018sblpsfc17a5.pdf


                                                         UNITEDSTATES                                                     OMB APPROVAL
                                       SECURITIES AND EXCHANGE COMMISSION                                           OMB Number:       3235-0123
                                               Washington, D.C. 20549                                               Expires:     August 31, 2020
                                                                                                                    Estimated average burden
                                                                                                                    hours per response...... 12.00
                                         ANNUAL AUDITED REPORT
                                             FORM X-17 A-5                                                                       SEC FILE NUMBER
                                                PART Ill                                                                         8-52028
                                                         FACING PAGE
                  Information Required of Brokers and Dealers Pursuant to Section 17 of the
                        Securities Exchange Act of 1934 and Rule 17a-5 Thereunder
REPORT FOR THE PERIOD BEGINNJNG_ _o_1_10_1_1_
                                            1_a_                      ____ AND ENDING_ _ _1_2_13
                                                                                               _1_1_1_8_ __
                                                              MM/DD/YY                                                    MM/DD/YY

                                      A. REGISTRANT IDENTIFICATION

NAME OF BROKER-DEALER:            SIG BROKERAGE, LP                                                                      OFFICIAL USE ONLY

ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)                                                                FIRM l.D. NO.

401 CITY AVENUE, SUITE 220
                                                            (No. and Street)

                      BALACYNWYD                                     PA                                             19004
                     (Cily)                                         (Slate)                                         (Zip Code)

NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
ROBERT SACK                                                                                                            610-617-2812

                                                                                                                     (Area Code - Telephone Number)

                                     B. ACCOUNTANT IDENTIFICATION

INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report*

EISNERAMPER
                                               (Name -   if individual, state last, first, middle name)
      750 THIRD AVENUE                                NEW YORK                                            NY                          10017
      (Address)                                      (City)                                               (State)                     (Zip Code)


CHECK ONE:
         I/'ICertified Public Accountant
          OPublic Accountant
          OAccountant not resident in United States or any of its possessions.

                                                FOR OFFICIAL USE ONLY




*Claims for exemption from the requirement that the annual report be covered by the opinion ofan independent public accountant
must be supported by a statement offacts and circumstances relied on as the basis for the exemption. See Section 240. I 7a-5(e)(2)


                               Potential persons who are to respond to the collection of
                               Information contained In this form are n ot required to respond
   SEC 141 0 (06-02)           unless the form displays a currently valid OMB control n1umber.


                                               OATH OR AFFIRMATION

1, ROBERT C SACK_                                                                            , swear(or affirm) that, to the best of
my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
SIG BROKERAGE, LP                                                                                                                , as
of   _DECEMBER 31                                             20 18          are true and correct. 1 further swear(or affirm) that
neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account
classified solely as that of a customer, except as follows:




                                                                                            Signature

                                                                       TREASURER
                                                                                               Title

     m           im                 3                                 Comm onwealth of Pennsylvania — Notary Seal
               Notary Publii c                                            Michael L. Mollen, Notary Public
                                                                                Montgomery County
This report ** contains (check all applicable boxes):                   My commission expires June 14, 2022
     (a) Facing Page.                                                       Commission number 1225167
         Statement of Financial Condition.                            Member, Rennayivania Assoclation of Notaries
         Statement of Income (Loss).
         Statement of Changes in Financial Condition.
         Statement of Changes in Stockholders® Equity or Partners® or Sole Proprictors® Capital.
         Statement of Changes in Liabilities Subordinated to Claims of Creditors.
        Computation of Net Capital.
        Computation for Determination of Reserve Requirements Pursuant to Rule 15e3—3.
        Information Relating to the Possession or Control Requirements Under Rule 15¢3—3.
        A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule 15¢3—1 and the
        Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15¢3—3.
         A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of
        consolidation.
    (1) An Oath or Affirmation.
    (m) A copy of the SIPC Supplemental Report.
[_] (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit.

**For conditions of confidential treatmentof certain portions of this filing, see section 240.17a—5(e)(3).


   SIG BROKERAGE, LP
        (a limited partnership)

STATEMENT OF FINANCIAL CONDITION.

        DECEMBER 31, 2018


                                                                                                            EisnerAmper LLP
                                                                                                            750 Third Avenue
EISNERAMPER                                                                                                New York, NY 10017
                                                                                                              T 212.949.8700
                                                                                                              F 212.891.4100




    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

   To the Partners of
   SIG Brokerage LP


    Opinion on the Financial Statement

    We have audited the accompanying statement of financial condition of SIG Brokerage LP (the "Entity") as
    of December 31 , 2018 and the related notes (collectively referred to as the "financial statement"). In our
    opinion, the financial statement presents fairly, in all material respects, the financial position of the Entity
    as of December 31 , 2018, in conformity with accounting principles generally accepted in the United States
    of America.

    Basis for Opinion

    This financial statement is the responsibility of the Entity's management. Our responsibility is to express an
    ·opinion on the Entity's financial statement based on our audit. We are a public accounting firm registered
    with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be
     independent with respect to the Entity in accordance with the U.S. federal securities laws and the applicable
     rules and regulations of the Securirties and Exchange Commission and the PCAOB.

    We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we
    plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of
    material misstatement, whether due to error or fraud. Our audit included performing procedures to assess
    the risks of material misstatement of the financial statement. whether due to error or fraud, and performing
    procedures that respond to those risks. Such procedures i ncluded examining, on a test basis, evidence
    regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the
    accounting principles used and significant estimates made by management, as well as evaluating the
    overall presentation of the financial statement. We believe that our audit provides a reasonable basis for
    our opinion.




    We have served as the Entity's auditor since 2010.

    EISNERAMPER LLP
    New York, New York
    February 12, 2019




                                                                                                                          --


SIG BROKERAGE, LP

Stateme nt of Fina nc ia l Condition
Decembe r 31, 2018

 ASSETS
   Receivable from clearing broker                $ 2,192,523
   Receivable from affiliates                         233,214
   Other asset                                            361

        Total assets                              $   2 426 098

 LIABILITIES AND PARTNERS' CAPITAL
   Order execution payables                       $    132,063
   Payable to affiliates                                60,014
   Accrued expenses                                     29,308

        Total liabilities                              221,385

   Partners' capital                                  2,204,71 3

        Total liabilities and partners' capital   $ 2,426,098




See notes to statement of financial condition                 2


SIG BROKERAGE, LP

Notes to Statement of Financial Condition
December 31, 2018

NOTE A - ORGANIZATION

SIG Brokerage, LP (the "Entity") is a broker-dealer registered with the Securities and Exchange Commission (the
"SEC") and its designated examining regulatory authority is the Financial Industry Regulatory Authority, Inc. The
Entity is also a member of the New York Stock Exchange ("NYSE") and the NYSE MKT. As a member, the Entity
provides order execution services for affiliated registered broker-dealers on the NYSE and the NYSE MKT. The
Entity is owned 99% by SIG Specialists Holdings, Inc. and 1% by SIG Brokerage, LLC.


NOTE   B - S ilGNIFICANT A CCOUNTING POLICIES

The Entity records order execution revenue and related expenses on a trade-date basis.

Interest income is recorded on the accrual basis.

The Entity maintains cash in bank accounts which, at times, may exceed federally insured limits.

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("AS.U")
2014-09, Revenue from Contracts with Customers ("ASU 2014-09") creating a common revenue recognit ion
guidance for Generally Accepted Accounting Principles ("GAAP") Financial Reporting Standards. The Entity has
assessed the possible impact of ASU 2014-09 and all applicable amendments ("ASC 606"), in relation to the
recording and presentation of the revenue streams earned from affiliates under current agreements. Each time the
Entity executes an order from an affiliate it has fulfilled all performance obligations set forth in the agreement, and
therefore, recognizes and records the revenue associated with order execution on a trade date basis.

This statement offinancial condition has been prepared in conformity with accounting principles generally accepted
in the United States of America, which require the use of estimates by management.


NOTE C-R.ECEIVABLE FROM CLEARING BROKER

The clearing and depository operations for the Entity are provided by Merrill Lynch Professional Clearing Corp.

At December 31, 2018, the amount receivable from clearing broker reflected on the statement of financial condit ion
represents amounts due from this clearing broker.


NOTE   0 - RELATED PARTY TRANSACTIONS

The Entity executes trades for affiliated broker-dealers for which it receives a fee or owes a rebate, based on liquidity
provided. The fee is based on monthly order execution charges, plus a surcharge to cover other costs. As of
December 31 , 2018, the affiliates owed the Entity a net amount of $173,200 related to these fees.

The Entity is under common control with Susquehanna International Group, LLIP ("SIG"). SIG acts as a common
payment agent for the Entity and various affiliates for various direct operating expenses. No payable exists related
to these direct operating costs at December 31 , 2018. SIG may also provide ancillary and administrative services
to the Entity and, in such event, such services are provided at no cost to the Entity.

Because of their short-term nature, the fair values of the payable to and receivable from affiliates approximate their
carrying amounts.

The Entity and various other entities operate under common ownership and control. As a result., management can
exercise its discretion when determining which entity will engage in new or current business activities and/or trade
new products. Therefore, the financial position presented herein may not necessarily be indicative of that which
wou ld be obtained had the Entity operated autonomously.


                                                                                                                       3


SIG BROKERAGE, LP

Notes to Statement of Financial Condition
December 31, 2018

NOTE   E - INCOME TAXES

No provision for federal income taxes has been made because the Entity is a disregarded entity for US federal
income tax purposes and, therefore, is not subject to federal income taxes. The Entity is currently not subject to
state or local income taxes.

At December 31, 2018, management has determined that there are no material uncertain income tax positions.


NOTE   F - NET CAPITAL R EQUIREMENT

As a registered broker-dealer and member firm of the NYSE, the Entity is subject to the SEC's Uniform Net
Capital Rule 15c3-1 . The Entity computes its net capital under the basic method permitted by the rule, which
requires the maintenance of minimum net capital of 6-2/3% of aggregate indebtedness, as defined, or $5,000,
whichever is greater. At December 31 , 2018, the Entity had net capital of $1,956,138, which exceeded its
requirement of $14,759 by $1 ,941 ,379.




                                                                                                                4



Document Created: 2019-02-19 17:09:59
Document Modified: 2019-02-19 17:09:59
Additional Files
FileSequenceDescriptionTypeSize
0001094429-19-000004.txt   Complete submission text file   1212613

© 2019 SEC.report
SEC CFR Title 17 of the Code of Federal Regulations.