NMS Equity and Options Routing Reports (SEC 606(a) Reports) Data Glossary

Data Definitions for NMS Equity and Option Order Routing Reports (SEC 606(a)) where the SEC Rule 606(a) order route reports that have been submitted to FINRA will be displayed.

Filters:

  • Firm: 
    • Firm name: Search for a firm name in Firm field.
    • CRD #: Search for a firm in the Firm field by their CRD number
  • Year(s): Filter for reports that pertain to a calendar year.
  • Quarter(s): Filter for reports that pertain to a calendar quarter.
 
Data fieldDefinition
YearCalendar year for which a firm submits their SEC Rule 606(a) order route report.
QuarterCalendar quarter for which a firm submits their SEC Rule 606(a) order route report.
Firm CRDCRD of the firm submitting the SEC Rule 606(a) report, or adopting a clearing firm’s report.
FirmName of the firm submitting the SEC Rule 606(a) report, or adopting a clearing firm’s report.
Adopting Clearing Firm’s Report by Reference?

Yes/No field indicating if the member identified in the "Firm” field is adopting a Clearing Firm’s Report by Reference. If yes, link to the 'Firm's' disclosure.

  • Disclosure:  As per SEC guidance, where an introducing firm routes all of its customer orders to one or more clearing firms for further routing and execution and the clearing firm in fact makes the routing decision, the introducing firm generally may comply with the Rule 606(a) order routing disclosure requirements by: (i) disclosing its relationship with the clearing firm(s) on its website, including any payment for order flow received by the introducing firm, and (ii) adopting the clearing firm’s Rule 606(a) Report by reference.  In such a case, a “Disclosure” link will appear after the introducing firm’s name to a page with the details of the Clearing Firm Disclosure.
If Yes, Clearing Firm Name

Provides the name of the Clearing firm that the ‘Firm’ is adopting by reference, where applicable.

Possible values:

  • N/A: The Firm identified in the column titled Firm is submitting the SEC Rule 606(a) report on its own behalf. 
  • Clearing Firm: Name of the clearing firm submitting a SEC Rule 606(a) report which is adopted by reference by the introducing firm identified in the column Firm. 
  • NOTE: If an introducing firm relies on more than one clearing firms’ reports, each associated clearing firm report associated with the introducing firm will appear on a distinct row.
     
606(a) ReportLink to download the SEC Rule 606(a) report in a PDF or XML format.   
Firm NotesA free form field used by firms to provide additional information in connection with the submission of SEC Rule 606(a) reports (e.g., this field can be used as a descriptive identifier to differentiate the separate 606(a) reports of relevant business units, like “Retail”/ “Institutional”, where a firm segregates activity into multiple SEC 606(a) reports).