The Securities and Exchange Commission adopted Rule 11Ac1-5 (now known as Rule 605 of Regulation NMS) to improve public disclosure of order execution practices. Under Rule 605, market centers that trade national market system securities are required to make available to the public monthly electronic reports that include uniform statistical measures of execution quality.
Please click the links below for Citadel Securities LLC’s monthly Rule 605 statistics.
December 2019 – TCDRG201912
November 2019 – TCDRG201911
October 2019 – TCDRG201910
September 2019 – TCDRG201909
August 2019 – TCDRG201908
July 2019 – TCDRG201907
June 2019 – TCDRG201906
May 2019 – TCDRG201905
April 2019 – TCDRG201904
The Securities and Exchange Commission adopted Rule 11Ac1-6 (now known as Rule 606 of Regulation NMS) to improve public disclosure of order routing practices. Under Rule 606, broker-dealers that route customer orders in equities and option securities are required to publish quarterly reports that provide a general overview of their routing practices.
Please click the links below for Citadel Securities Institutional LLC’s quarterly Rule 606 statistics.
Q4 2019 – Rule 606 Statement-4Q2019
Q3 2019 – Rule-606-Statement-3Q2019
Q2 2019 – Rule-606-Statement-2Q2019
Q1 2019 – Rule-606-Statement-1Q2019
Q4 2018 – Rule-606-Statement-4Q2018
Q3 2018 – Rule-606-Statement-3Q2018
Q2 2018 – Rule-606-Statement-2Q2018
Q1 2019 – FIF-Rule-605-606-Q1_2019
Q4 2018 – FIF-Rule-605-606-Q4_2018
Q3 2018 – FIF-Rule-605-606-Q3_2018
Q2 2018 – FIF-Rule-605-606-Q2_2018
While Citadel has used reasonable efforts to prepare these reports in compliance Rule 605, these statistics have not been audited and may contain errors. Accordingly, any decision about whether to send orders to Citadel should not be based solely on these statistics.