To make both the execution quality of the securities markets and order routing performance of brokerage firms available to the public, the Securities and Exchange Commission (SEC) adopted Rule 605 and Rule 606.
SEI Investments Distribution Co. Rule 605 and 606 Reports
SEI Investments Distribution Co. (SIDCO) is not a market center, so it is not subject to Rule 605 reporting. However, because SIDCO routes orders to executing and clearing firms who further route the orders to the trading venues, it is adopting the executing and clearing firm’s Rule 606 Order Routing Disclosure, since it fairly represents the routing statistics customers can expect with a standard order.
The following list includes Rule 605 execution quality and Rule 606 order routing disclosure information for the brokerage firms SEI Brokerage has available. Money managers can obtain statistics regarding the quality of the executions they are receiving from the firms where they direct transactions, as well as obtain the order routing disclosure information for those firms.
BofA Securities, Inc.
Cantor Fitzgerald & Co
Rule 605 (Select Company Name: CANT-Cantor Fitzgerald & Co)
Citigroup Global Markets Inc.
Industrial and Commercial Bank of China Financial Services LLC
Rule 605 and 606 (Select a Company – ‘ICBC – ICBC Financial Services LLC’)
J.P. Morgan Securities LLC (Disclosure)
Rule 605 (Select Company Name: JPMS)
Rule 606 (Select Broker/Dealer: JP Morgan Securities)
Virtu Americas LLC