To help funds to comply with the latest regulatory changes introduced by SEC for Exchange Traded Funds (rule 6c-11), dxFeed is launching a comprehensive solution for automated calculation, storage, display and analysis of ETFs market data as required by the new regulation.

SEC rule 6c-11 requirements

Specifically, under rule 6c-11 the following information must be disclosed publicly on website:

  • ETFs whose premium or discount was greater than 2% for more than seven consecutive trading days
  • A table and line chart showing the number of days the ETF’s shares traded at a premium or discount during the most recently completed calendar year and calendar quarters of the current year
  • Median bid-ask spread over the most recent thirty calendar days
  • NAV per share, market price, and premium or discount, each as of the end of the prior business day.

ETFs with price above or below NAV for more than 2% over 7 last consequtive days

View sample dataset (JSON format)

ETF tickerDescriptionPremium or discount, % *Spark chartMinMax
* – higher data accuracy is available through API
Values calculated on 12/26/2019
The premium/discount ETFs information will promote transparency about the significance and persistence of deviations
between market price and NAV per share, and may help investors to make more informed investment decisions.

Top 5 ETFs by median bid-ask spread calculated over the 30-day period

View sample dataset (JSON format)

ETF tickerDescriptionMedian spread *
* – higher data accuracy is available through API
Values calculated on 12/26/2019
The bid-ask spread information is designed to inform investors that they may bear bid-ask spread costs when trading ETFs
on the secondary market, which ultimately could impact the overall cost of the investment.

dxFeed Solution for compliance with SEC Rule 6c-11 requirements

dxFeed ensures full set of data services to meet the 6c-11 requirements and much more: 

  • Calculation service publishing Premium and Discounts values daily
    • End-of-day and Intraday publishing capability
    • Live and historical tick charts and candle charts for premium and discounts values
  • Calculation service publishing median bid-ask values daily
    • Support for arbitrary aggregate intervals (30 days and 1 year as described in the regulation and any other)
    • End-of-day and Intraday publishing capability
    • Live and historical tick charts and candle charts on bid-ask spread performance
  • Historical data (API access)
    • Tick and aggregated
    • Backdated 2 years (can be extended upon request) and collected daily

Delivery options

dxFeed provides different options to display data on your website.

  • Website widgets to analyze performance of ETFs visually:
    • Watchlist
    • Chart
    • Heatmap and Cluster Map
  • API endpoints for live connectivity:
    • Public internet
    • AWS Cloud
    • Major Equinix datacenters (NY4, CH1, FR2, LD4, ZH4)
    • APIs supported: Java, JavaScript, C/C#, REST, Python
  • Text file collections (CSV) for download
    • In Amazon S3
    • FTP delivery

Additional analytics

On top of calculated data we support visual analytics that targets at providing better understanding of trends.

Disclaimer

This website page and corresponding services are maintained to enhance public access to information about our solutions supporting the initiatives described in SEC Rule 6c-11. This data is provided for information purposes only. We are eager to keep it comprehensive, complete, accurate and up to date and correct any errors and omissions, however we can not guarantee that it will be error-free. Devexperts and dxFeed accepts no responsibility or liability whatsoever for any errors or delays in content, or for any actions taken in reliance on any content.

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