The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVISORSHARES TR PERITUS HG YLD 00768Y503 1,586 29,760 SH   OTR 1 0 0 0
ALBANY MOLECULAR RESH INC COM 012423109 4,225 210,000 SH   OTR 1 0 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 5,079 32,503 SH   OTR 1 0 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 1,478 12,900 SH   OTR 1 0 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 1,816 69,750 SH   OTR 1 0 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 901 45,000 SH   OTR 1 0 0 0
APPLE INC COM 037833100 6,702 72,114 SH   OTR 1 0 0 0
APPLE INC COM 037833100 6,700 72,100 SH Put OTR 1 0 0 0
APPLIED MATLS INC COM 038222105 45 2,000 SH Put OTR 1 0 0 0
ARADIGM CORP COM NO PAR NEW 038505400 241 27,200 SH   OTR 1 0 0 0
ARDMORE SHIPPING CORP COM Y0207T100 1,259 91,000 SH   OTR 1 0 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 1,058 36,984 SH   OTR 1 0 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 2,860 100,000 SH Put OTR 1,2 0 0 0
BIOGEN IDEC INC COM 09062X103 9,995 31,700 SH   OTR 1 0 0 0
BLACKROCK MUNIYLD INVST QLTY COM 09254T100 134 10,000 SH   OTR 1 0 0 0
BLACKROCK REAL ASSET EQUITY COM 09254B109 224 23,806 SH   OTR 1 0 0 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 367 17,515 SH   OTR 1 0 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 3,391 162,480 SH   OTR 1 0 0 0
CBOE HLDGS INC COM 12503M108 1,061 21,554 SH   OTR 1,2 0 0 0
CITRIX SYS INC COM 177376100 1,407 22,500 SH Put OTR 1 0 0 0
CITRIX SYS INC COM 177376100 1,877 30,000 SH Call OTR 1 0 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG ENH SHT DUR 18383M654 1,295 25,739 SH   OTR 1 0 0 0
CREDIT SUISSE AG NASSAU BRH EXCHTRADE SHTERM 22539T613 313 105,097 SH   OTR 1 0 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 20,642 458,918 SH   OTR 1,2 0 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 569 79,000 SH   OTR 1 0 0 0
DIGI INTL INC COM 253798102 119 12,650 SH   OTR 1 0 0 0
EATON VANCE MUN BD FD COM 27827X101 539 43,332 SH   OTR 1 0 0 0
ECHELON CORP COM 27874N105 59 24,200 SH   OTR 1 0 0 0
EXFO INC SUB VTG SHS 302046107 86 18,000 SH   OTR 1 0 0 0
FIRST TR EXCNGE TRD ALPHADEX MID CAP VAL FD 33737M201 454 14,148 SH   OTR 1 0 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 367 20,223 SH   OTR 1 0 0 0
GANNETT INC COM 364730101 2,361 75,400 SH Call OTR 1 0 0 0
GARRISON CAP INC COM 366554103 7,613 497,609 SH   OTR 3 0 0 0
GENERAL MTRS CO COM 37045V100 436 12,003 SH   OTR 1 0 0 0
GENERAL MTRS CO COM 37045V100 1,997 55,000 SH Call OTR 1 0 0 0
IDENTIV INC COM NEW 45170X205 111 10,000 SH   OTR 1 0 0 0
INTEL CORP COM 458140100 389 12,600 SH Call OTR 1 0 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 1,322 7,000 SH Call OTR 1 0 0 0
INTERMUNE INC COM 45884X103 667 15,100 SH   OTR 1 0 0 0
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 183 16,100 SH   OTR 1 0 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 181 14,400 SH   OTR 1 0 0 0
INVESCO MUN TR COM 46131J103 213 17,000 SH   OTR 1 0 0 0
IRIDIUM COMMUNICATIONS INC COM 46269C102 250 29,600 SH   OTR 1 0 0 0
ISHARES 10-20 YR TRS ETF 464288653 1,090 8,433 SH   OTR 1 0 0 0
ISHARES 1-3 YR TR BD ETF 464287457 2,903 34,325 SH   OTR 1 0 0 0
ISHARES 3-7 YR TR BD ETF 464288661 2,382 19,560 SH   OTR 1 0 0 0
ISHARES 7-10 Y TR BD ETF 464287440 738 7,126 SH   OTR 1 0 0 0
ISHARES CORE TOTUSBD ETF 464287226 435 3,975 SH   OTR 1 0 0 0
ISHARES IBOXX HI YD ETF 464288513 1,419 14,907 SH   OTR 1 0 0 0
ISHARES MSCI BRZ CAP ETF 464286400 98,207 2,055,400 SH Put OTR 1 0 0 0
ISHARES MSCI BRZ CAP ETF 464286400 14,334 300,000 SH Call OTR 1 0 0 0
ISHARES MSCI EMG MKT ETF 464287234 11,568 267,600 SH Put OTR 1 0 0 0
ISHARES MSCI EMG MKT ETF 464287234 23,634 546,700 SH Call OTR 1 0 0 0
ISHARES SHRT TRS BD ETF 464288679 4,671 42,363 SH   OTR 1 0 0 0
ISHARES TR U.S. TRS BD ETF 46429B267 563 22,708 SH   OTR 1 0 0 0
ISHARES U.S. MED DVC ETF 464288810 500 4,900 SH   OTR 1 0 0 0
JIVE SOFTWARE INC COM 47760A108 281 33,000 SH   OTR 1 0 0 0
JIVE SOFTWARE INC COM 47760A108 213 25,000 SH Call OTR 1 0 0 0
LAM RESEARCH CORP COM 512807108 270 4,000 SH Put OTR 1 0 0 0
LANTRONIX INC COM NEW 516548203 49 25,000 SH   OTR 1 0 0 0
LEXMARK INTL NEW CL A 529771107 241 5,000 SH Put OTR 1 0 0 0
LEXMARK INTL NEW CL A 529771107 120 2,500 SH Call OTR 1 0 0 0
MERITOR INC COM 59001K100 274 21,000 SH   OTR 1 0 0 0
MERITOR INC COM 59001K100 346 26,500 SH Put OTR 1 0 0 0
NL INDS INC COM NEW 629156407 227 24,471 SH   OTR 1 0 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 727 76,300 SH Call OTR 1 0 0 0
NUVEEN DIV ADVANTAGE MUN FD COM 67070F100 154 11,100 SH   OTR 1 0 0 0
NUVEEN DIVERSIFIED COMMODTY COM UT BEN INT 67074P104 514 31,600 SH   OTR 1 0 0 0
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 67070X101 178 13,004 SH   OTR 1 0 0 0
NUVEEN DIVID ADVANTAGE MUN I COM 67071L106 292 20,593 SH   OTR 1 0 0 0
NUVEEN MUN OPPORTUNITY FD IN COM 670984103 242 17,139 SH   OTR 1 0 0 0
NUVEEN PREM INCOME MUN FD COM 67062T100 387 28,500 SH   OTR 1 0 0 0
NUVEEN PREM INCOME MUN FD 2 COM 67063W102 217 15,700 SH   OTR 1 0 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 163 11,606 SH   OTR 1 0 0 0
OCWEN FINL CORP COM NEW 675746309 371 10,000 SH Put OTR 1 0 0 0
OSI SYSTEMS INC COM 671044105 200 3,000 SH   OTR 1 0 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,511 103,300 SH   OTR 1 0 0 0
PIMCO ETF TR ENHAN SHRT MAT 72201R833 299 2,945 SH   OTR 1 0 0 0
PPG INDS INC COM 693506107 2,816 13,400 SH   OTR 1 0 0 0
PROSHARES TR PSHS ULSHT 7-10Y 74347R313 977 36,205 SH   OTR 1 0 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 1,669 27,491 SH   OTR 1 0 0 0
PROSHARES TR ULTR 7-10 TREA 74347R180 2,401 44,640 SH   OTR 1 0 0 0
PROSHARES TR ULTRA 20YR TRE 74347R172 1,749 27,275 SH   OTR 1 0 0 0
PROSHARES TR II SHT VIX ST TRM 74347W627 19,419 220,000 SH   OTR 2 0 0 0
PROSHARES TR II SHT VIX ST TRM 74347W627 42,370 480,000 SH Call OTR 2 0 0 0
PROSHARES TR II ULT VIX SHRT TRM 74347W346 2,316 87,000 SH   OTR 2 0 0 0
PROSHARES TR II ULT VIX SHRT TRM 74347W346 14,455 543,000 SH Call OTR 2 0 0 0
PRUDENTIAL FINL INC COM 744320102 1,642 18,501 SH   OTR 1 0 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 598 33,252 SH   OTR 1 0 0 0
RETRACTABLE TECHNOLOGIES INC COM 76129W105 127 50,800 SH   OTR 1 0 0 0
RMG NETWORKS HLDG CORP COM 74966K102 5,274 2,354,650 SH   OTR 3 0 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W833 8,643 100,000 SH   OTR 1 0 0 0
SANDISK CORP COM 80004C101 261 2,500 SH Put OTR 1 0 0 0
SANDISK CORP COM 80004C101 2,872 27,500 SH Call OTR 1 0 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 2,702 138,994 SH   OTR 1 0 0 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 977 18,381 SH   OTR 1 0 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 1,495 29,536 SH   OTR 1 0 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 350 3,500 SH   OTR 1 0 0 0
SIMON PPTY GROUP INC NEW COM 828806109 4,423 26,600 SH   OTR 1 0 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 737 21,200 SH Call OTR 1 0 0 0
SIRIUS XM HLDGS INC COM 82968B103 279 80,590 SH   OTR 1 0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 82,418 421,100 SH Put OTR 1 0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,502 23,000 SH Call OTR 1 0 0 0
SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 2,036 44,493 SH   OTR 1 0 0 0
SYNGENTA AG SPONSORED ADR 87160A100 598 8,000 SH   OTR 1 0 0 0
SYNGENTA AG SPONSORED ADR 87160A100 1,952 26,100 SH Put OTR 1 0 0 0
TEXAS INSTRS INC COM 882508104 72 1,500 SH Put OTR 1 0 0 0
TORTOISE MLP FD INC COM 89148B101 340 11,377 SH   OTR 1 0 0 0
TWO HBRS INVT CORP COM 90187B101 1,038 99,000 SH   OTR 1 0 0 0
UNWIRED PLANET INC NEW COM 91531F103 535 240,000 SH   OTR 1 0 0 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 184 87,000 SH   OTR 1 0 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 431 4,796 SH   OTR 1 0 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 65,816 800,492 SH   OTR 1 0 0 0
VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 365 3,785 SH   OTR 1 0 0 0
VANGUARD SCOTTSDALE FDS INT-TERM GOV 92206C706 763 11,926 SH   OTR 1 0 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 645 7,144 SH   OTR 1 0 0 0
VANGUARD SCOTTSDALE FDS SHTRM GVT BD ETF 92206C102 1,281 21,019 SH   OTR 1 0 0 0
VEEVA SYS INC CL A COM 922475108 445 17,500 SH Put OTR 1 0 0 0
VEEVA SYS INC CL A COM 922475108 255 10,000 SH Call OTR 1 0 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 947 10,000 SH Call OTR 1 0 0 0
WI-LAN INC COM 928972108 119 35,000 SH   OTR 1 0 0 0
WINDSTREAM HLDGS INC COM 97382A101 375 110,717 SH   OTR 1 0 0 0