Securities And Exchange Commission Announces Public Reporting By Market Centers Under Execution Quality Disclosure Rule

Today the Securities and Exchange Commission announced the first posting by market centers of publicly available monthly reports of execution quality for listed securities. Rule 11Ac1-5, the order execution quality disclosure rule, requires each market center to make its execution quality files available for downloading at a free internet site that is readily accessible to the public. The reports cover the trading of listed securities for the month of June 2001. Reports covering the trading of Nasdaq securities will be made publicly available by market centers in September 2001.

A list of the web addresses of all self-regulatory organizations that maintain internet sites with downloadable files or with hyperlinks to the appropriate download sites will be made available on the SEC's internet site at: http://www.sec.gov/investor/pubs/exquality.htm.