This rule requires "market centers" that trade national market system securities and exchange listed securities to make publicly available monthly statistical information about order executions as defined by the rule. Murphy & Durieu is a FINRA member firm and therefore considered a "market center."
Rule 605 is intended to promote visibility and competition in order executions which include factors such as effective spread, price improvement and disimprovement, fill rate and execution speed.
Each market center is required to prepare and make publicly available monthly reports in electronic form. Murphy & Durieu's report can be accessed, at no charge, from Thomson Transaction Analytics at www.tta.thomson.com.
This rule requires broker/dealers that route orders in equity and option securities to disclose the identifies of the execution venues to which they route orders on behalf of customers.
Each routing broker/dealer is required to provide information on the routing of "non-directed orders" - any order that the client has no specifically instructed to be routed to a particular venue or market center for execution. For these non-directed Murphy & Durieu has selected the execution venue on behalf of its clients.
This report can be accessed, at no charge, from Thomson Transaction Analytics at www.tta.thomson.com.
New York Stock Exchange Rule 108(a) permits the specialist on the Floor to trade at parity with orders in the Crowd when either establishing or increasing a stock position unless objected to at the time the order is entered.
This rule only applies to orders handled by the Firm's brokers on the New York Stock Exchange trading floor.
If you chose to object to permitting this, either in all instances or only on specific orders, you must notify your broker at Murphy & Durieu at the time the order is entered.
Murphy & Durieu maintains a Business Continuity Plan which includes a redundant data center and alternative order processing facilities to address interruptions to its normal course of business. The plan is reviewed annually and updated as necessary. The Firm's recovery time objective for business resumption is four hours. This objective may be negatively affected by external circumstances beyond our control.