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.
The SEC's final adopting release, along with the text of Rule 605, can be found at http://www.sec.gov/rules/final/34-43590.htm. The SEC's Frequently Asked Questions about Rule 605 can be found at http://www.sec.gov/interps/legal/slbim12a.htm.
Please click the links below to access Citadel Securities LLC ("Citadel") monthly Rule 605 reports.
Please click the below links for Citadel’s Rule 11Ac1-5 statistics (CDRG).
TCDRG201302 February 2013
TCDRG201303 March 2013
TCDRG201304 April 2013
Please click the below links for Citadel’s Rule 11Ac1-5 statistics (APOG).
TAPOG201302 February 2013
TAPOG201303 March 2013
TAPOG201304 April 2013
Disclaimer:
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.