Rule 606
MarketsDefinition
SEC requirement that brokers publish quarterly reports detailing where they routed customer orders, how much PFOF they received, and the average size of orders. Lets investors see whose orders are routed where and at what economic terms.
Rule 606 reports provide transparency on retail-broker order-routing economics. Public databases compile and analyze the data.
Rule 606 reports provide transparency on retail-broker order-routing economics. Public databases compile and analyze the data.