{"slug":"rule-605-and-606-execution-reports","qid":"off_exchange_share","label":"Share of June 2026 volume reported to FINRA facilities","post_title":"Rule 605 vs 606: Execution Quality Reports","post_url":"/blog/rule-605-and-606-execution-reports#q-off_exchange_share","columns":["ticker","off_exchange_pct","days_matched"],"rows":[{"ticker":"NVDA","off_exchange_pct":36.1,"days_matched":20},{"ticker":"MSFT","off_exchange_pct":33,"days_matched":16},{"ticker":"SPY","off_exchange_pct":31.2,"days_matched":21},{"ticker":"AAPL","off_exchange_pct":27.8,"days_matched":17},{"ticker":"KO","off_exchange_pct":25.2,"days_matched":17}],"shape":"ranking","sql":"SELECT\n    off.ticker                                                      AS ticker,\n    round(100 * sum(off.off_exchange_volume) / sum(cons.volume), 1) AS off_exchange_pct,\n    count()                                                         AS days_matched\nFROM\n(\n    SELECT date, ticker, max(total_volume) AS off_exchange_volume\n    FROM global_markets.stocks_short_volume\n    WHERE ticker IN ('AAPL', 'MSFT', 'NVDA', 'KO', 'SPY')\n      AND date >= '2026-06-01'\n      AND date <= '2026-06-30'\n    GROUP BY date, ticker\n) AS off\nINNER JOIN\n(\n    SELECT date, ticker, max(volume) AS volume\n    FROM global_markets.stocks_daily_aggs\n    WHERE ticker IN ('AAPL', 'MSFT', 'NVDA', 'KO', 'SPY')\n      AND date >= '2026-06-01'\n      AND date <= '2026-06-30'\n    GROUP BY date, ticker\n) AS cons ON off.date = cons.date AND off.ticker = cons.ticker\nGROUP BY ticker\nORDER BY off_exchange_pct DESC","computed_at":"2026-08-07T16:54:06.095884+00:00","elapsed":0.002773406}