      The message that an order has been executed (partially or completely)is called a report. The report goes from the specialist via PSS, SuperDot,and CMS to the traders who entered the orders involved in the trade. Eventhough the report is a formal notice that a trade has occurred, it is notpublicly available and is not the same as the "print" of the transactionthat appears on the Tape. The ultimate destination of the execution reportis the investor who had placed the order. The path taken by the report isin most cases the reverse of the path that brought the order to the post inthe first place.