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About SEC Rule 605
The SEC's customer disclosure rule, SEC Rule 605, requires market centers to
disclose monthly data about the quality of their trade executions. Each monthly
report will disclose execution quality data based on the previous month's
trading activity.
The reports for Fidelity's market centers can be accessed below.
Pursuant to the "Joint Industry Plan; Order Approving Plan Establishing Procedures
Under Rule 605 by American Stock Exchange, Boston Stock Exchange, Chicago Stock
Exchange, Cincinnati Stock Exchange, National Association of Securities Dealers, New
York Stock Exchange, Pacific Exchange, and Philadelphia Stock Exchange"
(Joint Industry Plan) the execution quality data provided in the reports must be in
a standard format.
Learn more about the SEC's Joint Industry Plan,
which details reporting textulations. The Securities Industry Association
has provided information about order disclosure and this rule.
Fidelity has also prepared definitions to help
you understand some of the terminology that is detailed in the above reports.
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