NASDAQ Equities

TIAA-CREF INDIVIDUAL &

Top Venues Percentage of Non-Directed Orders Data as of 06/30/10
  Venue Total Total Market Orders Total Limit Orders Total Other Orders
1. PERSHING LLC. 88.4 %   89.4 %   84.6 %   97.1 %  
2. KNIGHT EQUITY MARKETS, L.P. 5.4 %   5.2 %   7.0 %   1.1 %  
 
  Summary Statistics 100.0 %   47.2 %   40.9 %   11.9 %  

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