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| Boston, MA, USA Execution Quality in the
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| Executive Summary | 3 | |
| Background | 4 | |
| Changes in Methodology | 4 | |
| Data Used in Report | 4 | |
| Caveats About Data | 5 | |
| Measuring Execution Quality | 7 | |
| Speed | 7 | |
| Price | 7 | |
| Overview of Market Data | 9 | |
| Summary Statistics | 9 | |
| Speed | 14 | |
| Price | 21 | |
| Ranking by Type of Market Center | 31 | |
| NYSE Specialists | 31 | |
| Major Market Makers | 31 | |
| ECNs | 32 | |
| Comparison and Ranking | 33 | |
| Objectivity and Methodology | 35 | |
| About Celent | 36 | |