Rule 605 is a regulatory obligation for registered Market Makers, ECN’s and ATS’s which mandates firms trading in US NMS stocks (Reg NMS) to make publicly available monthly electronic reports that are uniform statistical measures of execution quality.
In addition to the SEC RULE our 605 product features additional derived stats as well as full drill-down capability to the order and trade level.
On March 6, 2024 the SEC adopted amendments to Rule 605. BXS is fully prepared for these major changes.