SEC Rule 605 Compliance Reporting

Powerful Tools to Monitor and Manage Your Trading

In November 2000 the Securities and Exchange Commission adopted Rule 605 (formerly 11- Ac1-5) which mandates market centers that trade in US national market system securities (Reg NMS) to make publicly available monthly electronic reports that include uniform statistical measures of execution quality. The adoption of this rule is intended to increase the visibility of order executions of the securities markets for public investors to address the issue of market fragmentation and to spur more vigorous competition among market participants to provide the best possible prices for investor orders.

BestXstats assists firms in complying with their regulatory obligation of Rule 605 with a web based tool that allows you to view 605 statistics on a stock-by stock basis, by order type, in the aggregate or an order-by-order basis. Drill down to the order level details to research and analyze the quality of each order and how it executed against the NBBO. Whether your searching for Price Improvement, Effective Spread or Execution Speeds, BestXstats has the tools to help you comply to determine if your orders are getting the best quality of executions.