Broker Dealer Data contains proprietary reports that provide the trading and market data vendor communities with an exciting, new inside look at day-to-day trading activities.
The following sample reports are available in Portable Document Format (PDF) to view or print. The reports contain mock data and are for the purpose of providing a sample of what each report represents. The data within these sample reports should not be used for compliance purposes.
Please click here to find out how to subscribe to any of the reports below, or click here for an explanation on how the volume is calculated.
The QMRC Scorecard provides an overview of certain performance and comparison statistics from each of the active individual report cards in one specific location.
The Executing (MP) Firm Trade Reporting report card is a monthly status report, for trades that another firm reported on behalf of the market participant, on the number and percentage of:
marked late trades and
unmarked late trades.
As you know, member firms are required to report trades in accordance with established NASD® rules and regulations. If your firm engages in a pattern or practice of late trade reporting or improperly reporting trades, the firm may be found to be in violation of NASD Conduct Rule 2110 and applicable trade reporting rules. Member firms should make no inference, however, that staff of FINRA's Market Regulation Department has or has not determined that the information contained on the Trade Reporting report cards does or does not constitute rule violations.
The Reporting (MP) Firm Trade Reporting report card is a monthly status report, for trades that the market participant reported for itself or on behalf of another market participant, on the number and percentage of:
marked late trades and
unmarked late trades.
As you know, member firms are required to report trades in accordance with established NASD rules and regulations. If your firm engages in a pattern or practice of late trade reporting or improperly reporting trades, the firm may be found to be in violation of NASD Conduct Rule 2110 and applicable trade reporting rules. Member firms should make no inference, however, that staff of FINRA's Market Regulation Department has or has not determined that the information contained on the Trade Reporting report cards does or does not constitute rule violations.
The Firm Quote Compliance (FQC) report card is a monthly status report detailing the total number and percentage of your firm's preferenced SelectNetSM Liability Orders or CAES/ITS orders (for purposes of this definitions page, hereinafter together referred to as Liability Orders) that timed out, were cancelled by the order entry firm, or were declined by your firm in apparent violation of the SEC's firm quote rule. If non-compliance with the firm quote rule is found to exist, however, your firm may be found to be in violation of SEC Rule 605, NASD Conduct Rule 3320, and NASDAQ Marketplace Rule 4613(b). Member firms should make no inference, however, that staff of FINRA's Market Regulation Department has or has not determined that the information contained on the Firm Quote Compliance report cards does or does not constitute firm quote violations.
The Best Execution (BE) report card is a monthly status report detailing the number of transactions in which your firm participated, irrespective of reporting responsibility, that were executed outside of the inside market in apparent violation of the NASD's Best Execution Rule. If non-compliance with the Best Execution Rule is found to exist, however, your firm may be found to be in violation of NASD Conduct Rule 2320. Member firms should make no inference, however, that staff of NASD Regulation Inc.'s Market Regulation Department has or has not determined that the information contained on the Best Execution report cards does or does not constitute rule violations.
The Short Sale Bid Test (BT) report card is a monthly status report on the number and percentage of potential executions of short sales in violation of NASD Rule 3350. As you know, member firms are required to execute short sales in accordance with established NASD rules and regulations. If your firm engages in a pattern or practice of engaging in violative short sale activity, the firm may be found to be in violation of NASD Conduct Rule 3350. Member firms should make no inference, however, that the staff of FINRA's Market Regulation Department has or has not determined that the information contained on the Short Sale report cards does or does not constitute rule violations.
The Executing Firm NMC Compliance report card is a monthly status report on compliance by market participants with the requirement that Order Entry Executing Firms accept or decline trades in ACT within 20 minutes of trade execution. It provides information about the number and percentage of trades that compared in ACT within 20 minutes of execution time and in increasing lengths of time later than 20 minutes after execution time. For trades marked with the .PRP modifier, the report card looks at report time instead of execution time.
The Reporting Firm NMC Compliance report card is a monthly status report on compliance by market participants with the requirement that Order Entry Reporting Firms accept or decline trades in ACT within 20 minutes of trade execution. It provides information about the number and percentage of trades that compared in ACT within 20 minutes of execution time and in increasing lengths of time later than 20 minutes after execution time. For trades marked with the .PRP modifier, the report card looks at report time instead of execution time.
The OATS Compliance report card is a monthly status report on the number and percentage of:
i. Late OATS submissions;
ii. Out of Sequence events;
ii. Unmatched execution reports;
iii. Unmatched NASDAQ Execution System route reports; and
iv. Unrepaired Repairable Rejected order events.
As you know, member firms are required to submit Reportable Order Events (“ROEs”) to OATS in accordance with established NASD rules and regulations. If your firm engages in a pattern or practice of late OATS reporting or improperly reporting order events, the firm may be found to be in violation of NASD Conduct Rule 2110 and applicable OATS rules. Member firms should make no inference, however, that staff of FINRA's Market Regulation Department has or has not determined that the information contained on the OATS Compliance report cards does or does not constitute rule violations.
OATS Compliance Daily Totals Summary Reports (Available as .html file)
The Daily Total Summary Data reports for the OATS Compliance Report Card on NASDAQTrader.com provide underlying totals of the data contained in the monthly summary OATS Compliance Report Card.
Detail Data for the Executing Firm Trade Reporting Report Card on NASDAQTrader.com provides a list of late trade reports or improperly reported trade reports submitted on behalf of your firm. Member firms are required to report trades in accordance with established NASD rules and regulations. If your firm engages in a pattern or practice of late trade reporting or improperly reporting trades, the firm may be found to be in violation of NASD Conduct Rule 2110 and applicable trade reporting rules. The data is the underlying detail of the alerts contained in the monthly Executing Firm Trade Reporting Report Card.
Detail Data for the Executing Firm Trade Reporting Report Card on NASDAQTrader.com provides a list of late trade reports or improperly reported trade reports submitted on behalf of your firm. Member firms are required to report trades in accordance with established NASD rules and regulations. If your firm engages in a pattern or practice of late trade reporting or improperly reporting trades, the firm may be found to be in violation of NASD Conduct Rule 2110 and applicable trade reporting rules. The data is the underlying detail of the alerts contained in the monthly Executing Firm Trade Reporting Report Card.
Detail Data for the Firm Quote Compliance Report Card on NASDAQTrader.com provides a list of your firm's Liability Orders and CAES/ITS orders (for purposes of this definitions page, hereinafter together referred to as Liability Orders) that timed out, were cancelled by the order entry firm, or were declined by your firm in apparent violation of the SEC's firm quote rule. The data is the underlying detail of the alerts contained in the monthly Firm Quote Compliance report card.
Detail Data for the Best Execution Report Card on NASDAQTrader.com provides a list of transactions in which your firm participated, irrespective of reporting responsibility, that were executed outside the inside market in apparent violation of the NASD's Best Execution Rule. The data is the underlying detail of the alerts contained in the monthly Best Execution Report Card.
Detail Data for the Short Sale Bid Test Report Card on NASDAQTrader.com provides a list of your firm's reported short sales in NASDAQ National Market securities that appear to have been executed in violation of the NASD's Bid Test Rule (Rule 3350). In addition, the Detail Data includes a chronological list of the inside quotes preceding each reported short sale. The Detail Data is the underlying detail which is the basis for the alerts contained in the monthly Short Sale Bid Test Report Card.
Detail Data for the ACT Compliance Report Card on NASDAQTrader.com provides a list of transactions in which your firm failed as the order entry firm in ACT to accept or decline trade reports within 20 minutes after execution in apparent violation of NASDAQ Marketplace Rule 6130(b). The data is the underlying detail of the alerts contained in the ACT Compliance Report Card.
Detail Data for the ACT Compliance Report Card on NASDAQTrader.com provides a list of transactions in which your firm failed as the order entry firm in ACT to accept or decline trade reports within 20 minutes after execution in apparent violation of NASDAQ Marketplace Rule 6130(b). The data is the underlying detail of the alerts contained in the ACT Compliance Report Card.
The OATS Compliance Detail Data for the OATS Compliance report card provides underlying detail of the data contained in the monthly summary OATS Compliance report card.
MMPMR details a Market Maker's quote updates (price and size) for a NASDAQ® security on a specified date or a selected period of time on a specific date. The report also includes the inside bid and ask at the time of each quote update.
MMPMR Plus details all Market Maker's quote updates (price and size) for a NASDAQ® security on a specified date or a selected period of time on a specific date. The report also includes the inside bid and ask at the time of each quote update.
The Equity Trade Journal details a Market Participants ACT-reported trade (record) for a single NASDAQ or Exchange listed issue for the date requested. The .html format consists of two rows of information, the stacked information relates to the stacked column heading at the top of the report. The .ascii and .csv versions contain the same data fields, but the field labels are provided as column headings, and the data is presented in columns, not as rows.
The download file contains all of the end-of-day registration statuses for all issues your MPID is registered in, for the date that was entered. The first four fields are the columns within the text file, and the last six fields are summaries located at the end of the file.
The SuperMontage Activity Report consists of all SuperMontage Execution System orders a firm has participated in within an issue for a given day. The components of an order (i.e., partials, cancellations, and executions) that are provided, detail the lifecycle of the order. The SuperMontage Activity Report replaced the SuperSoes and the SelectNet Activity Reports. SelectNet and SuperSoes Activity Reports continue to be available for issues prior to their phased-in date to SuperMontage for historical purposes only.
Please note this report is only available for an issue prior to when it was phased-in to SuperMontage. The SelectNet Activity Report consists of all orders a firm has participated in within an issue for a given day. The components of an order (i.e., partials, counters, and executions) that are provided, detail the lifecycle of the order.
Please note this report is only available for an issue prior to when it was phased-in to SuperMontage. The SuperSoes Activity Report consists of all orders a firm has participated in within an issue for a given day. The components of an order (i.e., partials, counters, and executions) that are provided, detail the lifecycle of the order.
This report details all of the trades (Time & Sales) of a requested security for a specific date as well as all the Inside Quote changes for the issue.
The report includes the time, price, and volume of each trade for the requested date. This report also provides a record of changes to the inside quote (highest bid, lowest ask) for the requested issue for the requested date.
