Public Trade Execution Analytics
First Claim
1. A consolidated data aggregation, query and viewing method that combines and relates multiple sets of statistical trade and execution data including SEC Regulation NMS Rule 605 Execution Quality Statistics, SEC Regulation NMS Rule 606 Order Routing Percentages and the Consolidated Quotation System trade and quotation data from multiple sources into a centralized database. This database is a turnkey solution for consolidating all publicly available trade and execution data from multiple sources into a single, easy to use repository that will be available on the internet to validated users including the general public. Statistical measures will be retrievable through an internet query tool by a variety of factors including but not limited to period, trading center, broker dealer, order type, order size, symbol and/or statistic type.
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Abstract
The invention is a central data repository that will gather, aggregate, archive and relate various sets of publicly available trade execution, quote and trade print data based on SEC Regulation NMS Rule 605 regulations, order routing data based on SEC Regulation NMS Rule 606 Order Routing Disclosure regulations and market data available from the Consolidated Quotation System “CQS” quote and trade data. The statistical results will be available over the internet through a centralized database with various query functions including historical and charting capabilities.
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Citations
5 Claims
- 1. A consolidated data aggregation, query and viewing method that combines and relates multiple sets of statistical trade and execution data including SEC Regulation NMS Rule 605 Execution Quality Statistics, SEC Regulation NMS Rule 606 Order Routing Percentages and the Consolidated Quotation System trade and quotation data from multiple sources into a centralized database. This database is a turnkey solution for consolidating all publicly available trade and execution data from multiple sources into a single, easy to use repository that will be available on the internet to validated users including the general public. Statistical measures will be retrievable through an internet query tool by a variety of factors including but not limited to period, trading center, broker dealer, order type, order size, symbol and/or statistic type.
Specification