FOCUS Report Sig Brokerage, Lp

X-17A-5 [Paper] - FOCUS Report

Published: 2016-09-06 08:52:36
Submitted: 2016-08-29
Period Ending In: 2015-12-31
scanned.pdf Scanned paper document


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                                                FORM--X_17A=5                              Section                      SEC FILE NUMBER
                                                   PART-IM                                                              B- 52028
                                                                    - J                AUG 292016
                                               FACING PAGE        ~~
                  Information Required of Brokers and Dealers Put`s'i 1h'R4rR% 17 of the
                         Securities Exchange Act of 1934 and Rule 17a-5 fRreunder.

REPORT FOR THE PERIOD BEGINNING                      01/01/2015                     AND ENDING                    12/31/2015
                                                             MWDDNY                                               MMIDDNY

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

          BALA CYNWYD                                              PA                                      19004
                     (City)                                       (State)                                  (Zip Code)

NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
BRIAN SULLIVAN                                                      610-617-2635
                                                                                                            (Area Code —Telephone Number)

                                     B. ACCOUNTANT IDENTIFICATION

INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report*

        EISNERAMPER LLP
                                              (Name — ifindividual, state fast,first, middle name)

         750 THIRD AVENUE                            NEW YORK                                        NY                    10017
      (Address)                                     (City)                                       (State)                   (Zip Code)

CHECK ONE:
          ig Certified Public Accountant
          ❑ Public Accountant

          ❑ Accountant not resident in United States or any of its possessions.




*Claimsfor exemptionfrom 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 basisfor the exemption. See Section 240.17a-S(e)(2)


                               Potential persons who are to respond to the collection of
                               Information contained in this form are not required to respond
   SEC 1410 06-02)             unless the form displays a currently valid OMB control number.


                                               OATH OR AFFIRMATION
1     BRIAN SULLIVAN
                                                                                     , 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                                         20-1-5---. 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:




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m dal racing rage.
© (b) Statement of Financial Condition.
C7 (c) Statement ofIncome (Loss).
❑ (d) Statement of Changes in Financial Condition.
❑ (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.
❑ (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors.
❑ (g) Computation of Net Capital.
❑ (h) Computation for Determination of Reserve Requirements Pursuant to Rule 1503-3.
❑ (i) Information Relating to the Possession or Control Requirements Under Rule 1503-3.
❑ 0) A Reconciliation,including appropriate explanation ofthe Computation ofNet Capital Under Rule 1503-1 and the
       Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 1503-3.
❑ (k) 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 existor found to have existed since the date ofthe previous audit.

*'For conditions ofconfidential treatment ofcertain portions ofthisfiling, see section 240.17a-5(e)(3).


  SIG BROKERAGE,LP
       (a limited partnership)

STATEMENT OF FINANCIAL CONDITION

        DECEMBER 31,2015


~°``                                                                                                    EisnerAmper LLP
\ 1lh, -rr r►                  A   ► i"r tti                                                           7-70 Thire, Avenue
                                                                                                New York, INN -10017-2703
  Ac CO U N 1 A N   fi   a   A D V 5,QR                                                                  T 212.9492700
                                                                                                            F 212.391..4146
                                                                                                   :iyt~'•.:'~IS(IE:-'3(i?pE!.CS3fn




        REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

        To the Partners
        SIG Brokerage, LP

        We have audited the accompanying statement of financial condition of SIG Brokerage, LP (the "Entity")
        as of December 31, 2015. This financial statement is the responsibility of the Entity's management. Our
        responsibility is to express an opinion on this financial statement based on our audit.

        We conducted our audit in accordance with the standards of the Public Company Accounting Oversight
        Board (United States). Those standards require that we plan and perform the audit to obtain reasonable
        assurance about whether the financial statement is free of material misstatement. An audit includes
        examining, on a test basis, evidence supporting the amounts and disclosures in the financial statement.
        An audit also includes assessing the accounting principles used and significant estimates made by
        management, as well as evaluating the overall financial statement presentation. We believe that our
        audit provides a reasonable basis for our opinion.

        In our opinion, the statement of financial condition referred to above presents fairly, in all material
        respects, the financial position of SIG Brokerage, LP as of December 31, 2015, in conformity with
        accounting principles generally accepted in the United States of America.




        New York, New York
        January 31, 2016


SIG BROKERAGE, LP

Statement of Financial Condition
December 31, 2015

 ASSETS
   Receivable from clearing broker                       $ 2,075,207
   Receivable from affiliates                                174,124
   Other assets                                                3,793

        Total assets                                     $ 2,253.124

 LIABILITIES AND PARTNERS' CAPITAL
     Accrued transaction and execution charges payable   $    187,471
     Payable to affiliate                                      15,000
     Accrued expenses and other liabilities                    15,833

        Total liabilities                                     218,304

   Partners' capital                                         2,034,820

        Total liabilities and partners' capital          $ x,253 124




See notes to statement offinancial condition


SIG BROKERAGE, LP

Notes to Statement of Financial Condition
December 31, 2015


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. The Entity
is also a member of NYSE Euronext (the "NYSE"). The Entity provides order execution services for affiliated
registered broker-dealers on the NYSE and NYSE Amex. The Entity is owned 99% by SIG Specialists Holdings,
Inc. and 1% by SIG Brokerage, LLC.


NOTE B - SIGNIFICANT ACCOUNTING POLICIES

The Entity records commission 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.

This statement of financial 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 - RECEIVABLE FROM CLEARING BROKER

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

At December 31,2015, the amount receivable from clearing broker reflected on the statement of financial condition
represents amounts due from this clearing broker.


NOTE D - RELATED PARTY TRANSACTIONS

The Entity executes trades for affiliated broker-dealers for which it receives commissions based on monthly costs
of electronic communication network charges and membership fees billed by the NYSE, plus a surcharge to cover
other costs. As of December 31, 2015, the affiliates owed the Entity $174,124 related to these commissions.

The Entity is under common control with Susquehanna International Group, LLP ("SIG"). SIG acts as a common
payment agent for the Entity and various affiliates for various direct operating expenses. Included in payable to
affiliate is $15,000 relating to these direct operating costs. 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
would be obtained had the Entity operated autonomously.


NOTE E - INCOME TAXES

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

At December 31, 2015, management has determined that there are no material uncertain income tax positions.


SIG BROKERAGE, LP

Notes to Statement of Financial Condition
December 31, 2015


NOTE F - NET CAPITAL REQUIREMENT

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, 2015, the Entity had net capital of $1,856,903, which exceeded its
requirement of $14,554 by $1,842,349.



Document Created: 2016-09-13 11:09:53
Document Modified: 2016-09-13 11:09:53
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ENT> X-17A-5 1 9999999997-16-025560.paper AUTO-GENERATED PAPER DOCUMENT This document was generated as part of a paper submission. Please reference the Document Control Number 16021807 for access to the original document.
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