FOR IMMEDIATE RELEASE                                2001-80


   COMMISSION ANNOUNCES PUBLIC REPORTING BY MARKET CENTERS
           UNDER EXECUTION QUALITY DISCLOSURE RULE

     Washington, DC, July 31, 2001 - 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>.

     For further information, contact:  Susie Cho in the
Division of Market Regulation at 202-942-0748.

                         #    #    #