In November 2000, the Securities and Exchange Commission (SEC) adopted Exchange Act Rule 605 (formerly 11Ac1-5), which requires “market centers” that trade national market system securities to make available standardized, monthly reports containing statistical information about “covered order” executions. Rule 605 is intended to promote visibility and competition in order execution quality, particularly with respect to execution price and speed. The rule requires, among other things, that the reports be prepared in an electronic format available for downloading from an Internet website that is free and readily accessible to the public.

View GETMatched GES 605 Reports