Trade Execution Quality

SEC Rule 605 | SEC Rule 606 | Measurements | Statistics

Fidelity is committed to obtaining the most favorable trade execution for our customers. We actively manage customer orders through Fidelity's proprietary order routing system, and monitor multiple execution quality criteria, including those described below. 

Fidelity's Approach to Execution Quality

Fidelity has an internal order flow management team responsible for directing order flow to the market makers and market centers who provide the best overall execution. The order flow management team uses both internal and external technology to generate reports that identify any order that executes outside the National Best Bid or Offer (NBBO). To help ensure that our high standards are met, Fidelity's order flow management team has established policies and procedures to: