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, FINRA, 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 PlanOKCancel, which details reporting textulations. The Securities Industry AssociationOKCancel has provided information about order disclosure and this rule.

What is a Market Center

Market centers include exchange market makers (e.g. specialist), OTC market makers, alternative trading systems, national securities exchanges (e.g. New York Stock Exchange, Inc.), or national securities associations. (e.g. FINRA)

Fidelity's Market Centers

Fidelity, through NFS, operates a market center and the 605 data can be accessed hereOKCancel.