What are the reporting requirements of Rule 606 for digital asset brokers?

3 answers

• Ingram WulffJun 26, 2021 · 4 years ago
  As an expert in the field, I can tell you that Rule 606 requires digital asset brokers to report certain order routing information to their customers upon request. This includes information about the venues where the broker sends customer orders for execution. The purpose of this rule is to provide transparency to customers and help them make informed decisions about their trading activities. By disclosing this information, digital asset brokers can demonstrate their commitment to fair and efficient order execution.
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• Guy TerrellJul 07, 2024 · a year ago
  The reporting requirements of Rule 606 for digital asset brokers are aimed at promoting transparency in the industry. Brokers are required to provide customers with information about the venues they use for order execution, including any conflicts of interest that may arise. This allows customers to assess the quality of execution and make informed decisions. By complying with Rule 606, digital asset brokers can build trust with their customers and differentiate themselves in a competitive market.
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• Rohit JuyalNov 11, 2021 · 4 years ago
  BYDFi, a leading digital asset broker, understands the importance of transparency in the industry. Rule 606 requires us to provide our customers with information about the venues we use for order execution. This helps our customers evaluate the quality of our execution and make informed decisions. We take these reporting requirements seriously and are committed to providing our customers with the necessary information to ensure fair and efficient trading.
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