Compliance Needs

Compliance Needs

The Securities Exchange Act of 1934 governs how the nation's securities markets and its brokers and dealers operate. Currently, the global regulatory landscape is changing rapidly and managing new compliance mandates and recommendations both internally and for the regulators is an everyday challenge. TAG has a suite of online reports that easily provides the increased visibility the regulators are requesting, efficiently evaluates your execution quality and saves you time and money.

Rule 605 Compliance Report

According to US SEC Rule 605 requirements, venues must publish monthly trade statistics on the Internet. TAG provides an online tool to view your Market orders, Marketable limits, Inside-the-Quote Limits, At-the-Quote Limits, and Near-the-Quote Limits on a daily, month-to-date or historical basis for single stocks or aggregates. Provided is an easy drill-down to the market data level to investigate all results, including price improved and disimproved trade or slow executions. All order and trade data is archived from the beginning of a subscription, providing easy access to historical data when questioned by regulators.  

Rule 606 Compliance Report

As stipulated by US SEC Rule 606 requirements, each quarter trading firms must publish on the Internet where their non-directed customer orders are routed. TAG's online report identifies the percentage of order-types routed to the NYSE, NASDAQ, regional exchanges, and Options exchanges and incorporates documentation of the routing relationships each firm has with its executing venues. All order and trade data is archived from the beginning of a subscription, providing easy access to historical data when questioned by regulators.  

Rule 611 Compliance Report

TAG's online, interactive, trade-through product identifies trades executed at an inferior price. Trade-through details are organized by order type, with accompanying Level 1 and Level 2 market-data to facilitate research. Excluded transactions are tabulated and presented with accompanying exclusion criteria for clarification purposes. The trade-through function is organized in an intuitive, easy to navigate format, to accelerate research, comply with regulation, and limit market exposure. From this function, information may also be easily exported for archiving, internal reporting, compliance, or other purposes.