Virtu Financial Adds Rule 606 Reporting Aggregation Tool to Analytics Platform

The data and analytics division at Virtu Financial has launched a reporting aggregation service on its analytics platform that allows users to analyze data from brokers via a single access point. The new service aims to help market participants manage the increased levels of data that brokers are now required to publish under Rule 606 from the Securities and Exchanges Commission. Rule 606 requires broker-dealers that route client orders in equities and option securities to publish quarterly reports that provide a general overview of their routing practices. The reports are designed to provide clients with the opportunity to evaluate order routing practices of broker-dealers for greater market transparency and competition.