Equity Report Cards

These report cards will help firms track their compliance with key equity trading rules related to OATS, Best Execution, Market Order Timeliness, Trade Reporting and Reg NMS trade throughs.

Title and Description Documentation
Firm QMRC Summary Scorecard
The Firm Summary Scorecard provides an overview of certain performance and comparison statistics from each of the active individual report cards in one specific location. The Scorecard supplies data available in the respective report cards for the current month and the preceding month.
OATS Compliance Monthly Report Card
This report card provides, on a monthly basis, the number and percentage of late submissions to the Order Audit Trail System (OATS), out-of-sequence events, unmatched execution reports, unmatched NASDAQ Execution System route reports, unmatched inter-firm route reports, unmatched inter-firm routes received, and unrepaired repairable rejected order events. This report card also allows users to drill down to view daily OATS information.
OATS Compliance Daily Report Card
The OATS report card will contain all daily OATS statistics for the prior month, along with industry and peer group comparisons and detail data.
Best Execution Report Card
The Best Execution Report Card is a monthly status report detailing the number of transactions in which your firm participated that apparently involved a customer or a customer of another broker dealer who received a price that was outside of the inside market. 
Market Order Timeliness Report Card
The Market Order Timeliness (MOT) Report Card is a monthly status report detailing the number of customer market orders that were potentially delayed in receiving a full execution. 
Executing Firm 10 Second Compliance Report Card
This monthly report card provides a status report for trades where the market participant is identified as the executing firm. The report contains counts of marked and unmarked late trades, as well as the percentage of marked and unmarked late trades to total trades reported. 
Reporting Firm 10 Second Compliance Report Card
This monthly report card provides a status report for trades where the market participant is identified as the reporting firm. The report contains counts of marked and unmarked late trades, as well as the percentage of marked and unmarked late trades to total trades reported.
Contra Executing Firm 20 Minute Compliance Report Card
The Contra Executing Firm 20 Minute Compliance report card (formerly known as the Executing Firm ACT Compliance Report Card and the Executing Firm NASDAQ Market Center (Compliance report card) is a monthly status report that provides information on transactions in which a firm failed, as the Contra Firm to accept / decline / compare trades within 20 minutes after execution, in apparent violation of FINRA Rules 7230A(b) and/or 7330(b). It provides information about the number of trades that were accepted / declined / compared within 20 minutes of execution along with the number of trades that were accepted / declined / compared greater than 20 minutes after execution time, as well as the percentage of those trades to total trades executed.
Contra Reporting Firm 20 Minute Compliance Report Card
The Contra Reporting Firm 20 Minute Compliance report card (formerly known as the Reporting Firm ACT Compliance report card Detail Data and the Reporting Firm NASDAQ Market Center (Compliance report card) is a monthly status report that provides information on transactions in which a firm failed, as the Contra Firm, to accept / decline / compare trades within 20 minutes after execution, in apparent violation of FINRA Rules 7230A(b) and 7330(b). It provides information about the number of trades that were accepted / declined / compared within 20 minutes of execution, along with the number of trades that were accepted / declined / compared greater than 20 minutes after execution time, as well as the percentage of those trades to total trades executed.
Reg NMS Trade Through Report Card
The Reg NMS Trade Through Report Card details the transactions in NMS securities that your firm reports to a Trade Reporting Facility or to FINRA’s Alternative Display Facility at a price that traded through at least one protected best bid or offer at execution. The report card includes a rolling six months’ worth of data, allowing firms to monitor trends of this activity over time.