2025 Order Execution Summary (OES) Data Report

The Commission adopted amendments to Rule 605 under the Securities Exchange Act of 1934 which requires disclosures for order executions in national market system (“NMS”) stocks. Rule 605(a)(2), as amended, requires that every market center, broker, or dealer subject to Rule 605 reporting requirements produce a summary execution quality report. See Final rule: Disclosure of Order Execution Information.

Rule 605, as amended, requires these reporting entities to provide the summary execution quality report on an internet website that is free and readily accessible to the public using the most recent versions of the CSV schema and the associated PDF renderer as published on the Commission’s website.

The OES Data Report CSV Schema, Renderer, Sample Report and Technical Specifications can be found below:

• Technical Specifications (pdf) (updated 9/26/2025)
• Schema, Renderer, and Sample Report (zip) (updated 9/26/2025)
• Source repository (updated 9/26/2025)