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Overview Statistics  Execution Price Improvement Execution Speed Effective Spread Execution Quality Measurements SEC Rule 605 SEC Rule 606 Definitions |
The following monthly statistics on execution price reflect the percent of shares executed at or within the National Best Bid or Offer (NBBO). The NBBO is a consolidated quote representing the highest bid and lowest offer for a given security across all exchanges and/or market makers. It is updated continuously during market hours
| Month | Overall Listed | Overall NASDAQ |
| December 2007 | 83.4% | 84.1% |
| November 2007 | 81.9% | 84.3% |
| October 2007 | 83.3% | 85.0% |
| September 2007 | 83.8% | 86.1% |
| August 2007 | 80.4% | 85.6% |
| July 2007 | 84.0% | 85.8% |
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Executions represent market orders with share sizes between 100-4,999 shares excluding pre-opening orders, executed as agent through 3rd party Nasdaq Market Makers and Listed Specialists, and as principal by National Financial Services Market Makers. Analysis includes only those exchanges or Market Makers receiving at least 5% of Fidelity Brokerage Services, LLC monthly Nasdaq and Listed share volume. | ||