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2026Q22026Q1
Preview Report: 2026Q2 Routing × 2026Q3 Benchmarks

Preview, not a Rule 5310 review quarter. Routing and PFOF come from 2026Q2 (606, latest month in that quarter); execution quality comes from 2026Q3 amended 605 benchmarks. Route shares from one period are applied to benchmarks from another.

CRD #148743 Review Period: 2026Q2 Filing: Direct 606 filer

SPIDERROCK EXS, LLC (CRD #148743) — Quarterly Rule 606 vs. Amended Rule 605 Competing Market Review

• 152 COMPETING-MARKET EXCEPTIONS REQUIRING RULE 5310.09 COMMITTEE DISPOSITION
Primary Routed Venues (606)
1. NYSE ARCA(223.4%)
2. NYSE ARCA OPTIONS(155.0%)
3. NASDAQ OMX PSX(125.1%)
Top routed order shares
Disclosed PFOF / Rebates
$3,126,048.82
Avg 76.90 ¢
Competing-Market Exceptions
152 of 293
Scored cells with >1.0 bps shortfall
Data Coverage
1 mo • 1 build
Months: 202608
Sample Benchmark Proof

Worst Disparity Cell: other • nonmarketable_limit • $10k–$20k (ROUND)

CBOE EDGX U.S. EQUITIES EXCHANGE's reported 605 statistics in the $10k–$20k other nonmarketable_limit tier (ROUND) trailed the mix-adjusted peer benchmark by 342.00 bps.

RoleMarket CenterRouting Share (606)PFOF Rate (¢/100)NPI (bps)Peer Bench (bps)Fill Rate5310.09 Status
Routed VenueCBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)2.8%—4.0 bps346.0 bps0.5%-342.0 bps Shortfall
BenchmarkMix-Adjusted Peer Average——346.0 bps346.0 bps—Market Average

Rule 5310.09 Exceptions Preview (Showing 25 of 152)

All scored order size and routing buckets where venue net price improvement trailed mix-adjusted peers by > 1.0 bps.

MonthRouted VenueClass & TierRoute %PFOF (¢/100)NPI (bps)Peer Bench (bps)ShortfallAction
202608CBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)nonmarketable_limit
$10k–$20k • other (ROUND)
2.8%—4.0 bps346.0 bps-342.0 bps Dispose →
202608CBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)marketable_limit
<$250 • other (ROUND)
2.8%0.00 ¢-305.8 bps-42.3 bps-263.5 bps Dispose →
202608CBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)nonmarketable_limit
$5k–$10k • other (ROUND)
2.8%—3.4 bps235.4 bps-231.9 bps Dispose →
202608CBOE EDGA U.S. EQUITIES EXCHANGE (EDGJ)marketable_limit
<$250 • other (ROUND)
0.6%0.00 ¢-292.2 bps-60.7 bps-231.5 bps Dispose →
202608CBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)nonmarketable_limit
<$250 • other (ROUND)
2.8%—0.1 bps157.8 bps-157.8 bps Dispose →
202608CBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)nonmarketable_limit
$250–$999 • other (ROUND)
2.8%—0.3 bps148.5 bps-148.2 bps Dispose →
202608CBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)nonmarketable_limit
$1k–$5k • other (ROUND)
2.8%—1.7 bps129.5 bps-127.8 bps Dispose →
202608CBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)marketable_limit
<$250 • other (ODD)
2.8%0.00 ¢-137.1 bps-13.1 bps-124.0 bps Dispose →
202608CBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)nonmarketable_limit
<$250 • other (ODD)
2.8%—6.1 bps119.4 bps-113.3 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
<$250 • other (ROUND)
1.9%—32.9 bps136.2 bps-103.3 bps Dispose →
202608CBOE EDGA U.S. EQUITIES EXCHANGE (EDGJ)marketable_limit
$250–$999 • other (ROUND)
0.6%0.00 ¢-127.7 bps-29.4 bps-98.2 bps Dispose →
202608CBOE BZX U.S. EQUITIES EXCHANGE (BATS)marketable_limit
<$250 • other (ROUND)
2.9%0.00 ¢-116.6 bps-33.4 bps-83.2 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$250–$999 • other (ROUND)
1.9%—15.8 bps91.9 bps-76.1 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
<$250 • other (ODD)
1.9%—16.2 bps88.5 bps-72.2 bps Dispose →
202608CBOE BYX U.S. EQUITIES EXCHANGE (BYXX)marketable_limit
<$250 • other (ROUND)
0.1%0.00 ¢-77.9 bps-18.4 bps-59.5 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$1k–$5k • other (ROUND)
1.9%—7.5 bps66.8 bps-59.3 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$250–$999 • other (ODD)
1.9%—10.3 bps69.4 bps-59.1 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$5k–$10k • other (ROUND)
1.9%—6.3 bps63.6 bps-57.3 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$10k–$20k • other (ROUND)
1.9%—5.8 bps59.1 bps-53.3 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$1k–$5k • other (ODD)
1.9%—8.7 bps60.9 bps-52.2 bps Dispose →
202608CBOE EDGX U.S. EQUITIES EXCHANGE (EDGK)marketable_limit
$250–$999 • other (ODD)
2.8%0.00 ¢-61.3 bps-9.2 bps-52.1 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$250–$999 • sp500_proxy (ROUND)
2.1%—5.6 bps56.2 bps-50.5 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$5k–$10k • other (ODD)
1.9%—7.9 bps58.2 bps-50.3 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$20k–$50k • other (ROUND)
1.9%—6.1 bps54.6 bps-48.5 bps Dispose →
202608INVESTORS EXCHANGE (IEXG)nonmarketable_limit
$20k–$50k • sp500_proxy (ROUND)
2.1%—3.2 bps49.7 bps-46.4 bps Dispose →
FINRA Rule 5310.09 Review Packet

SPIDERROCK EXS, LLC

CRD Number: 148743 • Quarter: 2026Q2 • Generated: Wed, 14 Oct 2026 20:18:35 GMT
Methodology: exq-2
Status: IN-PROGRESS / PREVIEW

Resolved Rule 606 Source Filings

Author / Clearing FirmCRDVariant / ContextVersionSHA-256 DigestSource Document
Spiderrock EXS, LLC148743DirectV13f7bac3c9c10e1430cff2cb231b8995dae9cced5ff9baa96a944235f9ca96c1b Download XML ↗

Benchmark Builds Applied

• Month 202608: build 202608-20261001T134852Z (exq-2) • S&P constituent source: public_constituent_list (2026Q3) • NPI row exclusions: 224

1. SEC Rule 606(a)(1) Order Routing

Quarterly non-directed customer order routing shares and net PFOF/rebates by section and venue.

MonthSectionExecution Venue605 ReporterRoute %Market %Mkt Limit %Non-Mkt %PFOF Mkt (¢/100)PFOF Limit (¢/100)
202601optionsCBOE GLOBAL MARKETS INC. (XCBO)Unmapped2.4%0.0%1.4%2.3%0.00 ¢27.88 ¢
202601optionsNYSE AMEX OPTIONS (AMXO)Unmapped0.9%0.0%0.8%1.0%0.00 ¢77.50 ¢
202601optionsNYSE ARCA OPTIONS (ARCO)Unmapped47.3%0.0%48.9%43.0%0.00 ¢16.13 ¢
202601optionsCBOE BZX OPTIONS EXCHANGE (BATO)Unmapped3.7%0.0%3.0%6.8%0.00 ¢50.82 ¢
202601optionsCBOE C2 OPTIONS EXCHANGE (C2OX)Unmapped3.7%0.0%2.9%7.4%0.00 ¢28.69 ¢
202601optionsCBOE EDGX OPTIONS EXCHANGE (EDGO)Unmapped0.5%0.0%0.6%0.5%0.00 ¢30.74 ¢
202601optionsMIAX EMERALD, LLC (EMLD)Unmapped2.4%0.0%1.7%5.4%0.00 ¢48.01 ¢
202601optionsISE GEMINI EXCHANGE (GMNI)Unmapped1.1%0.0%0.7%2.6%0.00 ¢46.71 ¢
202601optionsISE MERCURY, LLC (MCRY)Unmapped0.4%0.0%0.4%0.5%0.00 ¢17.15 ¢
202601optionsMIAX PEARL, LLC (MPRL)Unmapped1.6%0.0%1.1%3.7%0.00 ¢49.29 ¢
202601optionsBOX OPTIONS EXCHANGE (XBOX)Unmapped0.5%0.0%0.5%0.4%0.00 ¢12.95 ¢
202601optionsNASDAQ OMX BX OPTIONS (XBXO)Unmapped1.9%0.0%1.8%2.4%0.00 ¢45.48 ¢
202601optionsINTERNATIONAL SECURITIES EXCHANGE, LLC - EQUITIES (XISE)Unmapped1.6%0.0%1.4%2.7%0.00 ¢38.09 ¢
202601optionsMIAMI INTERNATIONAL SECURITIES EXCHANGE (XMIO)Unmapped0.5%0.0%0.4%1.1%0.00 ¢37.52 ¢
202601optionsNASDAQ OPTIONS MARKET (XNDQ)Unmapped28.6%0.0%32.1%15.3%0.00 ¢46.15 ¢
202601optionsNASDAQ OMX PHLX (XPHL)Unmapped0.6%0.0%0.5%1.1%0.00 ¢39.13 ¢
202601optionsMEMX LLC OPTIONS (MXOP)Unmapped2.1%0.0%1.8%3.7%0.00 ¢43.23 ¢
202601optionsMIAX SAPPHIRE, LLC (SPHR)Unmapped0.1%0.0%0.1%0.1%0.00 ¢52.91 ¢
202601other_stocksNYSE ARCA (ARCX)PARCAX28.2%0.0%28.2%28.2%0.00 ¢0.00 ¢
202601other_stocksCBOE BZX U.S. EQUITIES EXCHANGE (BATS)BATS2.9%0.0%3.0%2.6%0.00 ¢0.00 ¢
202601other_stocksCBOE BYX U.S. EQUITIES EXCHANGE (BATY)BYXX0.1%0.0%0.1%0.0%0.00 ¢0.00 ¢
202601other_stocksCBOE EDGA U.S. EQUITIES EXCHANGE (EDGA)EDGJ0.6%0.0%0.8%0.0%0.00 ¢0.00 ¢
202601other_stocksCBOE EDGX U.S. EQUITIES EXCHANGE (EDGX)EDGK2.8%0.0%2.8%2.6%0.00 ¢0.00 ¢
202601other_stocksMIAX PEARL EQUITIES (EPRL)Unmapped15.1%0.0%14.9%15.5%0.00 ¢0.00 ¢
202601other_stocksINVESTORS EXCHANGE (IEXG)IEXG1.9%0.0%2.6%0.0%0.00 ¢0.00 ¢
202601other_stocksMEMX LLC EQUITIES (MEMX)Unmapped1.0%0.0%1.0%0.8%0.00 ¢0.00 ¢
202601other_stocksNYSE MKT LLC (XASE)AXASE0.7%0.0%0.6%1.0%0.00 ¢0.00 ¢
202601other_stocksNYSE NATIONAL, INC. (XCIS)CXCIS0.1%0.0%0.1%0.1%0.00 ¢0.00 ¢
202601other_stocksNASDAQ - ALL MARKETS (XNAS)Unmapped9.4%0.0%9.7%8.5%0.00 ¢0.00 ¢
202601other_stocksNEW YORK STOCK EXCHANGE, INC. (XNYS)NXNYS10.4%0.0%10.1%11.2%0.00 ¢0.00 ¢
202601other_stocksNASDAQ OMX PSX (XPSX)Unmapped26.3%0.0%25.4%28.9%0.00 ¢0.00 ¢
202601other_stocksNASDAQ OMX BX (XBOS)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202601other_stocksLONG-TERM STOCK EXCHANGE, INC. (LTSE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202601sp500NYSE ARCA (ARCX)PARCAX30.2%0.0%29.8%31.4%0.00 ¢0.00 ¢
202601sp500CBOE BZX U.S. EQUITIES EXCHANGE (BATS)BATS3.0%0.0%3.2%2.6%0.00 ¢0.00 ¢
202601sp500CBOE EDGA U.S. EQUITIES EXCHANGE (EDGA)EDGJ0.3%0.0%0.4%0.0%0.00 ¢0.00 ¢
202601sp500CBOE EDGX U.S. EQUITIES EXCHANGE (EDGX)EDGK2.8%0.0%2.8%2.6%0.00 ¢0.00 ¢
202601sp500MIAX PEARL EQUITIES (EPRL)Unmapped12.8%0.0%12.2%14.5%0.00 ¢0.00 ¢
202601sp500INVESTORS EXCHANGE (IEXG)IEXG2.1%0.0%2.8%0.0%0.00 ¢0.00 ¢
202601sp500MEMX LLC EQUITIES (MEMX)Unmapped1.0%0.0%1.1%0.8%0.00 ¢0.00 ¢
202601sp500NYSE MKT LLC (XASE)AXASE0.7%0.0%0.6%1.1%0.00 ¢0.00 ¢
202601sp500NASDAQ - ALL MARKETS (XNAS)Unmapped10.6%0.0%11.1%9.4%0.00 ¢0.00 ¢
202601sp500NEW YORK STOCK EXCHANGE, INC. (XNYS)NXNYS7.3%0.0%7.5%6.5%0.00 ¢0.00 ¢
202601sp500NASDAQ OMX PSX (XPSX)Unmapped28.3%0.0%27.6%30.5%0.00 ¢0.00 ¢
202601sp500NASDAQ OMX BX (XBOS)Unmapped0.0%0.0%0.1%0.0%0.00 ¢0.00 ¢
202601sp500CBOE BYX U.S. EQUITIES EXCHANGE (BATY)BYXX0.1%0.0%0.1%0.0%0.00 ¢0.00 ¢
202601sp500NYSE NATIONAL, INC. (XCIS)CXCIS0.1%0.0%0.1%0.0%0.00 ¢0.00 ¢
202601sp500LONG-TERM STOCK EXCHANGE, INC. (LTSE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202601sp500CBOE EDGX OPTIONS EXCHANGE (EDGO)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202601sp500INTERNATIONAL SECURITIES EXCHANGE, LLC - EQUITIES (XISE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202602optionsCBOE GLOBAL MARKETS INC. (XCBO)Unmapped1.5%0.0%0.9%1.9%0.00 ¢29.86 ¢
202602optionsNYSE AMEX OPTIONS (AMXO)Unmapped0.3%0.0%0.2%0.8%0.00 ¢33.98 ¢
202602optionsNYSE ARCA OPTIONS (ARCO)Unmapped54.1%0.0%55.4%48.7%0.00 ¢17.62 ¢
202602optionsCBOE BZX OPTIONS EXCHANGE (BATO)Unmapped1.9%0.0%1.4%4.3%0.00 ¢52.95 ¢
202602optionsCBOE C2 OPTIONS EXCHANGE (C2OX)Unmapped2.6%0.0%1.9%6.3%0.00 ¢28.82 ¢
202602optionsCBOE EDGX OPTIONS EXCHANGE (EDGO)Unmapped0.3%0.0%0.2%0.8%0.00 ¢31.71 ¢
202602optionsMIAX EMERALD, LLC (EMLD)Unmapped1.2%0.0%0.8%3.6%0.00 ¢45.76 ¢
202602optionsISE GEMINI EXCHANGE (GMNI)Unmapped0.6%0.0%0.3%2.0%0.00 ¢47.37 ¢
202602optionsISE MERCURY, LLC (MCRY)Unmapped0.3%0.0%0.2%0.7%0.00 ¢20.36 ¢
202602optionsMIAX PEARL, LLC (MPRL)Unmapped0.7%0.0%0.5%2.0%0.00 ¢49.65 ¢
202602optionsBOX OPTIONS EXCHANGE (XBOX)Unmapped0.2%0.0%0.2%0.4%0.00 ¢14.00 ¢
202602optionsNASDAQ OMX BX OPTIONS (XBXO)Unmapped0.9%0.0%0.7%2.1%0.00 ¢57.50 ¢
202602optionsINTERNATIONAL SECURITIES EXCHANGE, LLC - EQUITIES (XISE)Unmapped0.6%0.0%0.5%1.7%0.00 ¢36.91 ¢
202602optionsMIAMI INTERNATIONAL SECURITIES EXCHANGE (XMIO)Unmapped0.3%0.0%0.2%0.8%0.00 ¢33.99 ¢
202602optionsNASDAQ OPTIONS MARKET (XNDQ)Unmapped32.6%0.0%35.1%20.2%0.00 ¢44.21 ¢
202602optionsNASDAQ OMX PHLX (XPHL)Unmapped0.3%0.0%0.2%0.7%0.00 ¢37.25 ¢
202602optionsMEMX LLC OPTIONS (MXOP)Unmapped1.5%0.0%1.2%3.0%0.00 ¢46.50 ¢
202602optionsMIAX SAPPHIRE, LLC (SPHR)Unmapped0.0%0.0%0.0%0.1%0.00 ¢51.09 ¢
202602other_stocksNYSE ARCA (ARCX)PARCAX28.7%0.0%28.8%28.4%0.00 ¢0.00 ¢
202602other_stocksCBOE BZX U.S. EQUITIES EXCHANGE (BATS)BATS2.7%0.0%2.8%2.5%0.00 ¢0.00 ¢
202602other_stocksCBOE BYX U.S. EQUITIES EXCHANGE (BATY)BYXX0.1%0.0%0.1%0.1%0.00 ¢0.00 ¢
202602other_stocksCBOE EDGA U.S. EQUITIES EXCHANGE (EDGA)EDGJ0.3%0.0%0.3%0.0%0.00 ¢0.00 ¢
202602other_stocksCBOE EDGX U.S. EQUITIES EXCHANGE (EDGX)EDGK2.6%0.0%2.6%2.5%0.00 ¢0.00 ¢
202602other_stocksMIAX PEARL EQUITIES (EPRL)Unmapped16.1%0.0%16.0%16.4%0.00 ¢0.00 ¢
202602other_stocksINVESTORS EXCHANGE (IEXG)IEXG0.9%0.0%1.3%0.0%0.00 ¢0.00 ¢
202602other_stocksMEMX LLC EQUITIES (MEMX)Unmapped0.9%0.0%0.9%0.8%0.00 ¢0.00 ¢
202602other_stocksNYSE MKT LLC (XASE)AXASE0.6%0.0%0.6%0.9%0.00 ¢0.00 ¢
202602other_stocksNASDAQ OMX BX (XBOS)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202602other_stocksNYSE NATIONAL, INC. (XCIS)CXCIS0.1%0.0%0.1%0.1%0.00 ¢0.00 ¢
202602other_stocksNASDAQ - ALL MARKETS (XNAS)Unmapped9.0%0.0%9.1%8.7%0.00 ¢0.00 ¢
202602other_stocksNEW YORK STOCK EXCHANGE, INC. (XNYS)NXNYS9.6%0.0%9.6%9.8%0.00 ¢0.00 ¢
202602other_stocksNASDAQ OMX PSX (XPSX)Unmapped28.3%0.0%27.9%29.6%0.00 ¢0.00 ¢
202602other_stocksLONG-TERM STOCK EXCHANGE, INC. (LTSE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202602sp500NYSE ARCA (ARCX)PARCAX30.7%0.0%30.7%30.8%0.00 ¢0.00 ¢
202602sp500CBOE BZX U.S. EQUITIES EXCHANGE (BATS)BATS2.9%0.0%3.0%2.6%0.00 ¢0.00 ¢
202602sp500CBOE BYX U.S. EQUITIES EXCHANGE (BATY)BYXX0.0%0.0%0.1%0.0%0.00 ¢0.00 ¢
202602sp500CBOE EDGA U.S. EQUITIES EXCHANGE (EDGA)EDGJ0.1%0.0%0.1%0.0%0.00 ¢0.00 ¢
202602sp500CBOE EDGX U.S. EQUITIES EXCHANGE (EDGX)EDGK2.7%0.0%2.8%2.5%0.00 ¢0.00 ¢
202602sp500MIAX PEARL EQUITIES (EPRL)Unmapped14.1%0.0%13.4%16.0%0.00 ¢0.00 ¢
202602sp500INVESTORS EXCHANGE (IEXG)IEXG0.9%0.0%1.2%0.0%0.00 ¢0.00 ¢
202602sp500MEMX LLC EQUITIES (MEMX)Unmapped0.9%0.0%0.9%0.9%0.00 ¢0.00 ¢
202602sp500NYSE MKT LLC (XASE)AXASE0.6%0.0%0.5%0.8%0.00 ¢0.00 ¢
202602sp500NASDAQ OMX BX (XBOS)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202602sp500NYSE NATIONAL, INC. (XCIS)CXCIS0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202602sp500NASDAQ - ALL MARKETS (XNAS)Unmapped10.2%0.0%10.6%9.2%0.00 ¢0.00 ¢
202602sp500NEW YORK STOCK EXCHANGE, INC. (XNYS)NXNYS6.8%0.0%6.9%6.7%0.00 ¢0.00 ¢
202602sp500NASDAQ OMX PSX (XPSX)Unmapped29.7%0.0%29.4%30.2%0.00 ¢0.00 ¢
202602sp500LONG-TERM STOCK EXCHANGE, INC. (LTSE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202602sp500INTERNATIONAL SECURITIES EXCHANGE, LLC - EQUITIES (XISE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603optionsISE GEMINI EXCHANGE (GMNI)Unmapped0.4%0.0%0.2%1.7%0.00 ¢45.58 ¢
202603optionsINTERNATIONAL SECURITIES EXCHANGE, LLC - EQUITIES (XISE)Unmapped0.6%0.0%0.6%1.3%83.88 ¢36.25 ¢
202603optionsNASDAQ OMX PHLX (XPHL)Unmapped0.3%0.0%0.3%0.6%0.00 ¢35.31 ¢
202603optionsNYSE AMEX OPTIONS (AMXO)Unmapped0.2%0.0%0.2%0.7%0.00 ¢32.15 ¢
202603optionsNYSE ARCA OPTIONS (ARCO)Unmapped53.5%0.0%56.5%51.7%0.00 ¢13.17 ¢
202603optionsCBOE BZX OPTIONS EXCHANGE (BATO)Unmapped1.5%0.0%1.3%3.8%0.00 ¢55.11 ¢
202603optionsCBOE C2 OPTIONS EXCHANGE (C2OX)Unmapped2.5%0.0%2.0%6.2%0.00 ¢33.01 ¢
202603optionsCBOE EDGX OPTIONS EXCHANGE (EDGO)Unmapped0.2%0.0%0.2%0.5%0.00 ¢30.16 ¢
202603optionsMIAX EMERALD, LLC (EMLD)Unmapped0.8%0.0%0.6%2.5%0.00 ¢45.56 ¢
202603optionsISE MERCURY, LLC (MCRY)Unmapped0.2%0.0%0.1%0.6%0.00 ¢19.29 ¢
202603optionsMIAX PEARL, LLC (MPRL)Unmapped0.4%0.0%0.3%1.5%0.00 ¢49.08 ¢
202603optionsBOX OPTIONS EXCHANGE (XBOX)Unmapped0.1%0.0%0.1%0.4%0.00 ¢12.89 ¢
202603optionsNASDAQ OMX BX OPTIONS (XBXO)Unmapped0.8%0.0%0.7%1.7%0.00 ¢54.89 ¢
202603optionsCBOE GLOBAL MARKETS INC. (XCBO)Unmapped5.4%0.0%1.3%1.8%69.92 ¢35.60 ¢
202603optionsMIAMI INTERNATIONAL SECURITIES EXCHANGE (XMIO)Unmapped0.2%0.0%0.1%0.7%0.00 ¢33.35 ¢
202603optionsNASDAQ OPTIONS MARKET (XNDQ)Unmapped31.3%0.0%34.4%21.6%0.00 ¢47.29 ¢
202603optionsMEMX LLC OPTIONS (MXOP)Unmapped1.4%0.0%1.2%2.7%0.00 ¢43.84 ¢
202603optionsMIAX SAPPHIRE, LLC (SPHR)Unmapped0.0%0.0%0.0%0.1%0.00 ¢49.71 ¢
202603other_stocksNYSE ARCA (ARCX)PARCAX52.1%0.0%52.0%52.6%0.00 ¢0.00 ¢
202603other_stocksCBOE BZX U.S. EQUITIES EXCHANGE (BATS)BATS9.2%0.0%9.2%9.1%0.00 ¢0.00 ¢
202603other_stocksCBOE EDGA U.S. EQUITIES EXCHANGE (EDGA)EDGJ0.2%0.0%0.3%0.0%0.00 ¢0.00 ¢
202603other_stocksCBOE EDGX U.S. EQUITIES EXCHANGE (EDGX)EDGK9.1%0.0%9.0%9.2%0.00 ¢0.00 ¢
202603other_stocksMIAX PEARL EQUITIES (EPRL)Unmapped3.0%0.0%3.0%2.8%0.00 ¢0.00 ¢
202603other_stocksINVESTORS EXCHANGE (IEXG)IEXG1.0%0.0%1.3%0.0%0.00 ¢0.00 ¢
202603other_stocksMEMX LLC EQUITIES (MEMX)Unmapped0.3%0.0%0.3%0.2%0.00 ¢0.00 ¢
202603other_stocksNYSE MKT LLC (XASE)AXASE0.2%0.0%0.2%0.3%0.00 ¢0.00 ¢
202603other_stocksNASDAQ OMX BX (XBOS)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603other_stocksNASDAQ - ALL MARKETS (XNAS)Unmapped15.3%0.0%15.2%15.6%0.00 ¢0.00 ¢
202603other_stocksNEW YORK STOCK EXCHANGE, INC. (XNYS)NXNYS3.2%0.0%3.0%3.6%0.00 ¢0.00 ¢
202603other_stocksNASDAQ OMX PSX (XPSX)Unmapped6.4%0.0%6.3%6.6%0.00 ¢0.00 ¢
202603other_stocksCBOE BYX U.S. EQUITIES EXCHANGE (BATY)BYXX0.0%0.0%0.1%0.0%0.00 ¢0.00 ¢
202603other_stocksNYSE NATIONAL, INC. (XCIS)CXCIS0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603other_stocksLONG-TERM STOCK EXCHANGE, INC. (LTSE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603other_stocksINTERNATIONAL SECURITIES EXCHANGE, LLC - EQUITIES (XISE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603other_stocksCBOE EDGX OPTIONS EXCHANGE (EDGO)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603sp500NYSE ARCA (ARCX)PARCAX53.5%0.0%52.9%55.0%0.00 ¢0.00 ¢
202603sp500CBOE BZX U.S. EQUITIES EXCHANGE (BATS)BATS9.0%0.0%9.0%9.1%0.00 ¢0.00 ¢
202603sp500CBOE BYX U.S. EQUITIES EXCHANGE (BATY)BYXX0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603sp500CBOE EDGX U.S. EQUITIES EXCHANGE (EDGX)EDGK8.9%0.0%8.8%9.1%0.00 ¢0.00 ¢
202603sp500MIAX PEARL EQUITIES (EPRL)Unmapped2.5%0.0%2.5%2.7%0.00 ¢0.00 ¢
202603sp500INVESTORS EXCHANGE (IEXG)IEXG0.8%0.0%1.1%0.0%0.00 ¢0.00 ¢
202603sp500MEMX LLC EQUITIES (MEMX)Unmapped0.2%0.0%0.3%0.2%0.00 ¢0.00 ¢
202603sp500NYSE MKT LLC (XASE)AXASE0.2%0.0%0.2%0.3%0.00 ¢0.00 ¢
202603sp500NASDAQ - ALL MARKETS (XNAS)Unmapped16.9%0.0%17.1%16.4%0.00 ¢0.00 ¢
202603sp500NEW YORK STOCK EXCHANGE, INC. (XNYS)NXNYS1.7%0.0%1.9%1.4%0.00 ¢0.00 ¢
202603sp500NASDAQ OMX PSX (XPSX)Unmapped6.1%0.0%6.2%5.9%0.00 ¢0.00 ¢
202603sp500NYSE NATIONAL, INC. (XCIS)CXCIS0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603sp500CBOE EDGA U.S. EQUITIES EXCHANGE (EDGA)EDGJ0.1%0.0%0.1%0.0%0.00 ¢0.00 ¢
202603sp500NASDAQ OMX BX (XBOS)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603sp500CBOE EDGX OPTIONS EXCHANGE (EDGO)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603sp500INTERNATIONAL SECURITIES EXCHANGE, LLC - EQUITIES (XISE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢
202603sp500LONG-TERM STOCK EXCHANGE, INC. (LTSE)Unmapped0.0%0.0%0.0%0.0%0.00 ¢0.00 ¢

2. Venue Scorecards (Amended Rule 605)

Execution quality metrics for routed venues benchmarked against mix-adjusted competitors on identical symbols and size tiers.

MonthVenueClassNotional × LotFill RatePI RateNPI (bps)Peer Bench (bps)CoverageRank PctlEff SpreadSpeed <1s
202608BATSmarket<$250 • ODD1.9%71.0%53.2 bps2.1 bps7%98th$-0.052692.6%
202608BATSmarket<$250 • ROUND0.7%65.7%14.5 bps28.2 bps1%19th$0.04045.2%
202608BATSmarket$250–$999 • ODD94.5%63.6%47.1 bps—0%100th$0.190298.6%
202608BATSmarket$250–$999 • ROUND72.3%54.7%-14.9 bps—0%0th$0.115288.5%
202608BATSmarket$1k–$5k • ODD98.9%68.8%41.6 bps—0%99th$0.130499.9%
202608BATSmarket$1k–$5k • ROUND79.7%51.1%11.0 bps—0%81st$0.300194.1%
202608BATSmarket$5k–$10k • ODD97.7%73.6%42.7 bps—0%99th$0.5992100.0%
202608BATSmarket$5k–$10k • ROUND75.7%53.9%19.4 bps—0%97th$0.175398.4%
202608BATSmarket$10k–$20k • ODD————————
202608BATSmarket$10k–$20k • ROUND66.6%54.3%25.7 bps—0%100th$0.389397.7%
202608BATSmarket$20k–$50k • ODD————————
202608BATSmarket$20k–$50k • ROUND50.2%50.2%28.0 bps—0%100th$0.281697.8%
202608BATSmarket$50k–$200k • ROUND66.4%60.1%15.3 bps—0%99th$0.634498.7%
202608BATSmarket≥$200k • ROUND0.8%61.1%12.7 bps-0.8 bps70%93rd$-0.323914.8%
202608BATSmarketable_limit<$250 • ODD6.6%28.4%-34.2 bps-8.3 bps100%4th$0.167582.4%
202608BATSmarketable_limit<$250 • ROUND5.3%21.6%-116.6 bps-33.4 bps100%6th$0.037585.0%
202608BATSmarketable_limit$250–$999 • ODD3.9%18.9%-23.6 bps-5.6 bps100%2nd$0.204882.6%
202608BATSmarketable_limit$250–$999 • ROUND3.1%29.7%-49.4 bps-11.8 bps100%4th$0.061377.0%
202608BATSmarketable_limit$1k–$5k • ODD2.8%15.0%-15.2 bps-3.0 bps99%4th$0.304785.0%
202608BATSmarketable_limit$1k–$5k • ROUND2.5%26.7%-19.8 bps-3.7 bps100%5th$0.097478.6%
202608BATSmarketable_limit$5k–$10k • ODD1.9%13.6%-14.1 bps-2.6 bps99%6th$0.804987.1%
202608BATSmarketable_limit$5k–$10k • ROUND1.6%25.9%-13.6 bps-2.2 bps99%2nd$0.133280.4%
202608BATSmarketable_limit$10k–$20k • ODD2.0%12.9%-12.3 bps-1.7 bps100%3rd$1.197489.1%
202608BATSmarketable_limit$10k–$20k • ROUND1.1%26.2%-13.8 bps-2.1 bps99%2nd$0.204780.7%
202608BATSmarketable_limit$20k–$50k • ODD1.9%12.7%-12.5 bps-1.1 bps97%4th$1.629392.4%
202608BATSmarketable_limit$20k–$50k • ROUND0.8%28.1%-12.6 bps-1.5 bps99%2nd$0.232679.0%
202608BATSmarketable_limit$50k–$200k • ROUND0.4%26.1%-11.0 bps-1.3 bps98%1st$0.212478.0%
202608BATSmarketable_limit≥$200k • ROUND0.2%25.2%-10.4 bps-1.3 bps95%3rd$0.290679.8%
202608BATSnonmarketable_limit<$250 • ODD2.9%98.4%158.1 bps58.6 bps100%95th$3.049664.0%
202608BATSnonmarketable_limit<$250 • ROUND1.8%99.3%256.6 bps109.3 bps100%98th$0.167567.4%
202608BATSnonmarketable_limit$250–$999 • ODD1.5%98.5%122.6 bps32.8 bps100%98th$2.914366.3%
202608BATSnonmarketable_limit$250–$999 • ROUND1.0%98.5%166.6 bps75.8 bps100%97th$0.199159.9%
202608BATSnonmarketable_limit$1k–$5k • ODD1.3%98.8%110.1 bps26.0 bps100%99th$1.353871.3%
202608BATSnonmarketable_limit$1k–$5k • ROUND0.9%98.7%101.6 bps40.6 bps100%94th$2.212564.1%
202608BATSnonmarketable_limit$5k–$10k • ODD0.9%99.2%92.6 bps24.8 bps100%97th$2.880274.2%
202608BATSnonmarketable_limit$5k–$10k • ROUND0.6%98.8%102.1 bps35.9 bps100%99th$1.569966.1%
202608BATSnonmarketable_limit$10k–$20k • ODD0.8%99.5%86.3 bps24.2 bps100%97th$4.401178.0%
202608BATSnonmarketable_limit$10k–$20k • ROUND0.4%98.9%91.1 bps32.6 bps100%98th$1.149767.2%
202608BATSnonmarketable_limit$20k–$50k • ODD0.6%99.7%92.4 bps25.3 bps100%96th$6.704984.2%
202608BATSnonmarketable_limit$20k–$50k • ROUND0.3%98.9%84.6 bps26.9 bps99%98th$1.371966.0%
202608BATSnonmarketable_limit$50k–$200k • ODD————————
202608BATSnonmarketable_limit$50k–$200k • ROUND0.1%98.9%77.5 bps23.9 bps99%98th$1.145262.8%
202608BATSnonmarketable_limit≥$200k • ROUND0.1%98.3%67.0 bps22.4 bps97%100th$1.292661.4%
202608BATSmarket<$250 • ODD0.1%65.9%28.2 bps—0%97th$0.333993.2%
202608BATSmarket<$250 • ROUND0.0%83.8%319.4 bps—0%100th$1.16510.0%
202608BATSmarket$250–$999 • ODD90.9%65.2%38.6 bps—0%99th$0.3542100.0%
202608BATSmarket$1k–$5k • ODD97.9%60.4%26.0 bps—0%99th$0.894099.6%
202608BATSmarket$1k–$5k • ROUND————————
202608BATSmarket$5k–$10k • ODD99.2%69.9%33.3 bps—0%99th$0.7369100.0%
202608BATSmarket$5k–$10k • ROUND97.7%72.2%40.6 bps—0%100th$0.3371100.0%
202608BATSmarket$10k–$20k • ODD97.6%71.0%31.3 bps—0%100th$1.5734100.0%
202608BATSmarket$10k–$20k • ROUND94.4%69.0%37.4 bps—0%100th$0.7826100.0%
202608BATSmarket$20k–$50k • ODD————————
202608BATSmarket$20k–$50k • ROUND78.8%57.6%31.6 bps—0%99th$0.7056100.0%
202608BATSmarket$50k–$200k • ROUND55.6%53.3%24.8 bps—0%100th$0.3040100.0%
202608BATSmarket≥$200k • ROUND1.1%48.7%6.7 bps0.1 bps98%97th$2.927354.2%
202608BATSmarketable_limit<$250 • ODD14.6%32.2%-6.4 bps-0.8 bps100%4th$0.307378.5%
202608BATSmarketable_limit$250–$999 • ODD8.2%18.3%-9.1 bps-1.0 bps100%4th$0.404475.1%
202608BATSmarketable_limit$250–$999 • ROUND5.2%33.6%-6.1 bps-0.7 bps100%8th$0.053366.9%
202608BATSmarketable_limit$1k–$5k • ODD5.1%11.6%-12.1 bps-2.0 bps100%3rd$0.565381.0%
202608BATSmarketable_limit$1k–$5k • ROUND4.3%26.4%-10.2 bps-2.0 bps100%3rd$0.110873.0%
202608BATSmarketable_limit$5k–$10k • ODD3.4%7.8%-13.9 bps-2.1 bps100%3rd$1.054384.6%
202608BATSmarketable_limit$5k–$10k • ROUND3.5%18.5%-10.1 bps-1.5 bps100%3rd$0.188779.1%
202608BATSmarketable_limit$10k–$20k • ODD3.4%7.7%-14.6 bps-2.5 bps100%3rd$1.708788.3%
202608BATSmarketable_limit$10k–$20k • ROUND2.8%15.6%-11.8 bps-2.2 bps100%3rd$0.601682.4%
202608BATSmarketable_limit$20k–$50k • ODD3.0%9.7%-15.7 bps-1.7 bps100%2nd$3.210893.2%
202608BATSmarketable_limit$20k–$50k • ROUND2.0%13.4%-13.0 bps-1.9 bps100%3rd$1.017684.9%
202608BATSmarketable_limit$50k–$200k • ODD7.7%35.1%-1.9 bps2.0 bps100%3rd$55.9600100.0%
202608BATSmarketable_limit$50k–$200k • ROUND1.8%11.6%-0.6 bps-1.7 bps100%5th$1.457983.1%
202608BATSmarketable_limit≥$200k • ROUND1.7%9.7%-13.8 bps-1.5 bps100%2nd$2.666879.5%
202608BATSnonmarketable_limit<$250 • ODD6.4%98.5%75.0 bps17.0 bps100%99th$4.200555.6%
202608BATSnonmarketable_limit<$250 • ROUND0.0%———0%——0.0%
202608BATSnonmarketable_limit$250–$999 • ODD3.9%98.3%64.4 bps15.3 bps100%97th$12.483958.8%
202608BATSnonmarketable_limit$250–$999 • ROUND3.6%97.4%71.5 bps38.3 bps100%100th$0.172854.0%
202608BATSnonmarketable_limit$1k–$5k • ODD2.8%99.0%70.6 bps16.7 bps100%99th$2.714269.9%
202608BATSnonmarketable_limit$1k–$5k • ROUND2.5%98.3%33.7 bps15.8 bps100%98th$3.142162.2%
202608BATSnonmarketable_limit$5k–$10k • ODD1.8%99.3%72.3 bps17.4 bps100%99th$3.020674.6%
202608BATSnonmarketable_limit$5k–$10k • ROUND1.8%98.9%47.4 bps16.3 bps100%97th$2.873770.1%
202608BATSnonmarketable_limit$10k–$20k • ODD1.9%99.5%67.7 bps16.9 bps100%99th$4.374579.9%
202608BATSnonmarketable_limit$10k–$20k • ROUND1.2%99.3%67.8 bps25.0 bps100%97th$2.428172.5%
202608BATSnonmarketable_limit$20k–$50k • ODD1.9%99.7%67.6 bps16.2 bps100%98th$8.750885.9%
202608BATSnonmarketable_limit$20k–$50k • ROUND0.8%99.4%64.3 bps31.0 bps100%96th$3.432777.8%
202608BATSnonmarketable_limit$50k–$200k • ODD1.0%100.0%82.7 bps24.3 bps100%100th$41.764378.6%
202608BATSnonmarketable_limit$50k–$200k • ROUND0.7%99.4%54.6 bps17.3 bps100%99th$5.610076.8%
202608BATSnonmarketable_limit≥$200k • ROUND1.1%99.0%45.6 bps15.9 bps100%97th$5.934068.5%
202608BYXXmarket<$250 • ODD12.4%59.1%40.3 bps—0%96th$0.145696.3%
202608BYXXmarket<$250 • ROUND4.1%76.0%354.2 bps—0%100th$-0.201098.2%
202608BYXXmarket$250–$999 • ODD————————
202608BYXXmarket$250–$999 • ROUND19.3%52.6%11.9 bps—0%32nd$-0.588397.4%
202608BYXXmarket$1k–$5k • ODD————————
202608BYXXmarket$1k–$5k • ROUND30.0%46.0%0.4 bps—0%6th$0.691193.7%
202608BYXXmarket$5k–$10k • ODD————————
202608BYXXmarket$5k–$10k • ROUND20.6%49.4%24.0 bps—0%100th$1.762895.5%
202608BYXXmarket$10k–$20k • ODD————————
202608BYXXmarket$10k–$20k • ROUND39.4%41.8%3.8 bps—0%53rd$2.9276100.0%
202608BYXXmarket$20k–$50k • ODD————————
202608BYXXmarket$20k–$50k • ROUND48.6%47.4%15.9 bps9.7 bps32%99th$4.581796.2%
202608BYXXmarket$50k–$200k • ROUND6.9%45.3%-3.3 bps—0%1st$6.2711100.0%
202608BYXXmarket≥$200k • ROUND————————
202608BYXXmarketable_limit<$250 • ODD6.7%11.4%-13.0 bps-2.5 bps100%5th$0.039091.9%
202608BYXXmarketable_limit<$250 • ROUND2.8%11.6%-77.9 bps-18.4 bps100%7th$0.030790.1%
202608BYXXmarketable_limit$250–$999 • ODD2.2%11.5%-16.2 bps-4.1 bps99%5th$0.112691.6%
202608BYXXmarketable_limit$250–$999 • ROUND1.9%11.1%-34.8 bps-7.1 bps100%6th$0.043687.3%
202608BYXXmarketable_limit$1k–$5k • ODD1.2%13.0%-16.9 bps-3.9 bps99%2nd$0.193492.2%
202608BYXXmarketable_limit$1k–$5k • ROUND1.3%13.1%-17.8 bps-3.9 bps100%6th$0.079586.3%
202608BYXXmarketable_limit$5k–$10k • ODD0.7%10.3%-22.8 bps-5.1 bps99%3rd$1.035392.4%
202608BYXXmarketable_limit$5k–$10k • ROUND0.7%16.0%-13.1 bps-2.4 bps99%3rd$0.122885.8%
202608BYXXmarketable_limit$10k–$20k • ODD0.5%13.0%-15.0 bps-2.5 bps98%2nd$1.051894.8%
202608BYXXmarketable_limit$10k–$20k • ROUND0.4%18.5%-12.4 bps-2.1 bps99%3rd$0.171485.4%
202608BYXXmarketable_limit$20k–$50k • ODD1.7%15.7%-11.9 bps-1.1 bps89%7th$1.372595.6%
202608BYXXmarketable_limit$20k–$50k • ROUND0.2%21.3%-11.1 bps-1.6 bps98%3rd$0.180784.9%
202608BYXXmarketable_limit$50k–$200k • ROUND0.2%23.2%-9.2 bps-1.5 bps97%4th$0.158483.3%
202608BYXXmarketable_limit≥$200k • ROUND0.0%23.5%-8.3 bps-1.5 bps93%4th$0.213382.0%
202608BYXXnonmarketable_limit<$250 • ODD2.4%99.7%181.8 bps69.6 bps100%97th$0.362572.2%
202608BYXXnonmarketable_limit<$250 • ROUND0.8%99.7%253.4 bps132.4 bps100%97th$0.143467.8%
202608BYXXnonmarketable_limit$250–$999 • ODD0.6%99.7%148.5 bps51.0 bps100%100th$0.688976.9%
202608BYXXnonmarketable_limit$250–$999 • ROUND0.5%99.4%145.9 bps76.9 bps100%94th$0.165364.1%
202608BYXXnonmarketable_limit$1k–$5k • ODD0.4%99.6%125.3 bps39.6 bps100%100th$1.924280.0%
202608BYXXnonmarketable_limit$1k–$5k • ROUND0.4%99.3%113.3 bps54.6 bps100%95th$0.446366.0%
202608BYXXnonmarketable_limit$5k–$10k • ODD0.3%99.5%117.9 bps43.8 bps100%100th$3.120981.9%
202608BYXXnonmarketable_limit$5k–$10k • ROUND0.2%99.2%105.2 bps50.9 bps100%100th$0.659566.5%
202608BYXXnonmarketable_limit$10k–$20k • ODD0.2%99.6%129.5 bps43.8 bps100%100th$4.807384.5%
202608BYXXnonmarketable_limit$10k–$20k • ROUND0.1%99.2%105.2 bps49.7 bps99%100th$1.110365.2%
202608BYXXnonmarketable_limit$20k–$50k • ODD0.7%99.9%134.6 bps50.0 bps100%98th$12.079190.0%
202608BYXXnonmarketable_limit$20k–$50k • ROUND0.1%99.3%95.8 bps40.8 bps99%99th$1.209664.5%
202608BYXXnonmarketable_limit$50k–$200k • ODD————————
202608BYXXnonmarketable_limit$50k–$200k • ROUND0.0%99.2%77.6 bps33.1 bps98%99th$0.970564.5%
202608BYXXnonmarketable_limit≥$200k • ROUND0.0%97.6%58.2 bps28.7 bps92%99th$0.879157.0%
202608BYXXmarket<$250 • ODD————————
202608BYXXmarket$250–$999 • ODD————————
202608BYXXmarket$1k–$5k • ODD————————
202608BYXXmarket$1k–$5k • ROUND————————
202608BYXXmarket$5k–$10k • ODD————————
202608BYXXmarket$5k–$10k • ROUND————————
202608BYXXmarket$10k–$20k • ODD————————
202608BYXXmarket$10k–$20k • ROUND100.0%72.2%32.6 bps6.3 bps71%99th$0.7048100.0%
202608BYXXmarket$20k–$50k • ODD————————
202608BYXXmarket$20k–$50k • ROUND98.3%60.1%15.7 bps—0%97th$0.4647100.0%
202608BYXXmarket$50k–$200k • ROUND————————
202608BYXXmarket≥$200k • ROUND————————
202608BYXXmarketable_limit<$250 • ODD16.7%7.0%-7.1 bps-1.3 bps100%3rd$0.099782.7%
202608BYXXmarketable_limit<$250 • ROUND————————
202608BYXXmarketable_limit$250–$999 • ODD5.9%8.0%-10.4 bps-1.8 bps100%3rd$0.257381.9%
202608BYXXmarketable_limit$250–$999 • ROUND5.5%10.3%-6.7 bps-1.3 bps100%4th$0.067780.2%
202608BYXXmarketable_limit$1k–$5k • ODD1.6%7.3%-15.9 bps-3.4 bps100%1st$0.602388.9%
202608BYXXmarketable_limit$1k–$5k • ROUND2.2%12.9%-9.1 bps-3.2 bps100%5th$0.087381.5%
202608BYXXmarketable_limit$5k–$10k • ODD0.7%8.5%-20.4 bps-4.1 bps100%1st$1.540889.7%
202608BYXXmarketable_limit$5k–$10k • ROUND1.1%12.9%-8.2 bps-2.2 bps100%5th$0.155481.6%
202608BYXXmarketable_limit$10k–$20k • ODD0.5%9.7%-15.2 bps-3.3 bps100%1st$1.655493.2%
202608BYXXmarketable_limit$10k–$20k • ROUND0.6%14.3%-12.4 bps-3.3 bps100%1st$0.788381.8%
202608BYXXmarketable_limit$20k–$50k • ODD0.6%11.7%-14.3 bps-2.4 bps99%3rd$2.416796.9%
202608BYXXmarketable_limit$20k–$50k • ROUND0.3%14.5%-14.6 bps-3.5 bps100%1st$1.263182.2%
202608BYXXmarketable_limit$50k–$200k • ODD1.4%100.0%34.8 bps1.7 bps100%100th$-57.25460.0%
202608BYXXmarketable_limit$50k–$200k • ROUND0.2%12.4%-17.0 bps-1.1 bps100%1st$2.190683.2%
202608BYXXmarketable_limit≥$200k • ROUND0.2%13.7%-12.4 bps-2.3 bps98%3rd$2.084380.1%
202608BYXXnonmarketable_limit<$250 • ODD9.9%99.6%73.8 bps22.8 bps100%97th$0.660362.9%
202608BYXXnonmarketable_limit<$250 • ROUND————————
202608BYXXnonmarketable_limit$250–$999 • ODD2.1%99.6%72.5 bps22.7 bps100%100th$1.219166.3%
202608BYXXnonmarketable_limit$250–$999 • ROUND2.3%99.0%50.4 bps50.4 bps100%86th$0.161267.3%
202608BYXXnonmarketable_limit$1k–$5k • ODD0.7%99.6%76.6 bps24.4 bps100%100th$2.321580.2%
202608BYXXnonmarketable_limit$1k–$5k • ROUND1.1%99.2%32.0 bps20.2 bps100%97th$0.324066.7%
202608BYXXnonmarketable_limit$5k–$10k • ODD0.3%99.2%80.3 bps27.8 bps100%100th$4.006979.1%
202608BYXXnonmarketable_limit$5k–$10k • ROUND0.5%99.2%55.2 bps25.4 bps100%98th$0.649271.3%
202608BYXXnonmarketable_limit$10k–$20k • ODD0.3%99.3%77.2 bps26.2 bps100%100th$4.743084.0%
202608BYXXnonmarketable_limit$10k–$20k • ROUND0.3%99.2%77.8 bps37.9 bps100%100th$2.660372.5%
202608BYXXnonmarketable_limit$20k–$50k • ODD0.3%99.8%72.3 bps22.4 bps100%100th$7.855692.5%
202608BYXXnonmarketable_limit$20k–$50k • ROUND0.2%99.3%82.7 bps44.4 bps100%100th$4.146374.6%
202608BYXXnonmarketable_limit$50k–$200k • ODD0.3%100.0%26.6 bps25.5 bps100%95th$41.615786.7%
202608BYXXnonmarketable_limit$50k–$200k • ROUND0.1%99.3%70.6 bps27.5 bps100%100th$6.564477.0%
202608BYXXnonmarketable_limit≥$200k • ROUND0.1%97.3%51.6 bps21.1 bps100%100th$4.662865.4%
202608EDGJmarket<$250 • ODD14.0%53.9%152.2 bps—0%100th$-0.314297.6%
202608EDGJmarket<$250 • ROUND8.3%65.1%16.0 bps24.7 bps71%28th$0.517194.8%
202608EDGJmarket$250–$999 • ODD98.1%16.3%1.9 bps—0%9th$-0.2005100.0%
202608EDGJmarket$250–$999 • ROUND45.1%63.3%137.2 bps—0%100th$-0.0161100.0%
202608EDGJmarket$1k–$5k • ODD99.5%78.7%24.6 bps1.0 bps28%97th$0.0273100.0%
202608EDGJmarket$1k–$5k • ROUND33.4%59.2%-31.2 bps1.6 bps39%0th$0.0340100.0%
202608EDGJmarket$5k–$10k • ODD99.9%79.0%7.2 bps0.6 bps65%94th$0.2379100.0%
202608EDGJmarket$5k–$10k • ROUND21.6%61.2%-3.7 bps—0%1st$0.0543100.0%
202608EDGJmarket$10k–$20k • ODD————————
202608EDGJmarket$10k–$20k • ROUND18.6%51.0%-1.0 bps—0%1st$0.1984100.0%
202608EDGJmarket$20k–$50k • ROUND31.6%43.9%0.3 bps—0%5th$0.0039100.0%
202608EDGJmarket$50k–$200k • ROUND13.1%24.6%-0.7 bps—0%8th$0.1720100.0%
202608EDGJmarket≥$200k • ROUND1.7%88.8%64.2 bps—0%100th$-4.204318.2%
202608EDGJmarketable_limit<$250 • ODD4.2%21.7%-50.8 bps-13.2 bps99%2nd$0.126982.9%
202608EDGJmarketable_limit<$250 • ROUND9.0%8.5%-292.2 bps-60.7 bps100%3rd$0.030488.6%
202608EDGJmarketable_limit$250–$999 • ODD1.2%19.7%-21.9 bps-6.6 bps99%4th$0.178481.0%
202608EDGJmarketable_limit$250–$999 • ROUND4.4%8.9%-127.7 bps-29.4 bps100%1st$0.051686.4%
202608EDGJmarketable_limit$1k–$5k • ODD0.8%13.5%-14.9 bps-3.6 bps100%5th$0.308581.4%
202608EDGJmarketable_limit$1k–$5k • ROUND1.4%18.3%-23.2 bps-5.4 bps99%2nd$0.077982.7%
202608EDGJmarketable_limit$5k–$10k • ODD0.5%11.8%-15.1 bps-4.0 bps99%4th$0.936881.3%
202608EDGJmarketable_limit$5k–$10k • ROUND0.5%26.7%-10.0 bps-2.4 bps95%7th$0.112379.0%
202608EDGJmarketable_limit$10k–$20k • ODD0.5%8.5%-12.1 bps-2.6 bps99%5th$1.057381.4%
202608EDGJmarketable_limit$10k–$20k • ROUND0.3%31.0%-8.7 bps-2.4 bps95%6th$0.213277.4%
202608EDGJmarketable_limit$20k–$50k • ODD0.5%9.2%-13.5 bps-1.4 bps90%2nd$2.241889.7%
202608EDGJmarketable_limit$20k–$50k • ROUND0.2%37.2%-7.3 bps-1.6 bps96%6th$0.196274.7%
202608EDGJmarketable_limit$50k–$200k • ROUND0.1%36.2%-6.0 bps-1.0 bps97%6th$0.151276.0%
202608EDGJmarketable_limit≥$200k • ROUND0.1%41.4%-3.2 bps-0.6 bps95%7th$0.128274.7%
202608EDGJnonmarketable_limit<$250 • ODD1.8%99.0%200.7 bps73.7 bps100%99th$0.434868.9%
202608EDGJnonmarketable_limit<$250 • ROUND4.0%99.7%354.7 bps85.1 bps100%100th$0.095173.4%
202608EDGJnonmarketable_limit$250–$999 • ODD0.4%98.3%138.2 bps46.8 bps100%99th$0.673271.0%
202608EDGJnonmarketable_limit$250–$999 • ROUND2.0%99.6%243.2 bps101.1 bps100%99th$0.120371.9%
202608EDGJnonmarketable_limit$1k–$5k • ODD0.4%98.0%106.7 bps36.9 bps100%98th$1.091670.3%
202608EDGJnonmarketable_limit$1k–$5k • ROUND0.6%99.2%130.0 bps59.9 bps100%99th$0.256967.9%
202608EDGJnonmarketable_limit$5k–$10k • ODD0.3%98.2%93.1 bps33.5 bps100%99th$2.600771.5%
202608EDGJnonmarketable_limit$5k–$10k • ROUND0.2%98.7%100.9 bps48.4 bps98%98th$0.560166.9%
202608EDGJnonmarketable_limit$10k–$20k • ODD0.2%98.8%95.0 bps32.9 bps100%99th$4.094271.7%
202608EDGJnonmarketable_limit$10k–$20k • ROUND0.1%98.7%93.7 bps43.5 bps97%99th$1.071867.4%
202608EDGJnonmarketable_limit$20k–$50k • ODD0.2%99.8%137.5 bps41.8 bps100%100th$7.637781.7%
202608EDGJnonmarketable_limit$20k–$50k • ROUND0.1%97.4%96.0 bps41.3 bps96%100th$1.271762.3%
202608EDGJnonmarketable_limit$50k–$200k • ODD————————
202608EDGJnonmarketable_limit$50k–$200k • ROUND0.1%98.5%78.7 bps33.7 bps95%100th$1.007563.8%
202608EDGJnonmarketable_limit≥$200k • ROUND0.0%97.4%48.4 bps23.4 bps95%96th$0.655460.8%
202608EDGJmarket<$250 • ODD1.3%86.0%33.7 bps—0%99th$-5.535338.0%
202608EDGJmarket<$250 • ROUND15.7%85.6%68.7 bps—0%50th$0.921832.5%
202608EDGJmarket$250–$999 • ODD————————
202608EDGJmarket$1k–$5k • ODD————————
202608EDGJmarket$1k–$5k • ROUND————————
202608EDGJmarket$5k–$10k • ODD————————
202608EDGJmarket$5k–$10k • ROUND————————
202608EDGJmarket$10k–$20k • ODD————————
202608EDGJmarket$10k–$20k • ROUND97.6%64.5%0.2 bps—0%0th$-1.7901100.0%
202608EDGJmarket$20k–$50k • ODD————————
202608EDGJmarket$20k–$50k • ROUND99.1%59.8%7.6 bps8.2 bps96%96th$-1.1421100.0%
202608EDGJmarket$50k–$200k • ROUND————————
202608EDGJmarket≥$200k • ROUND17.8%87.6%63.2 bps—0%100th$-0.499119.0%
202608EDGJmarketable_limit<$250 • ODD10.5%26.5%-1.2 bps-1.1 bps100%6th$0.188964.3%
202608EDGJmarketable_limit$250–$999 • ODD3.8%20.1%-6.0 bps-1.9 bps100%5th$0.355271.4%
202608EDGJmarketable_limit$250–$999 • ROUND6.8%14.4%-9.3 bps-1.3 bps100%0th$0.074578.9%
202608EDGJmarketable_limit$1k–$5k • ODD2.0%9.8%-12.0 bps-3.3 bps100%4th$0.447676.7%
202608EDGJmarketable_limit$1k–$5k • ROUND2.1%30.4%-7.5 bps-3.1 bps100%6th$0.104575.2%
202608EDGJmarketable_limit$5k–$10k • ODD1.4%5.4%-13.0 bps-3.4 bps100%4th$0.800777.3%
202608EDGJmarketable_limit$5k–$10k • ROUND1.2%28.8%-5.4 bps-2.2 bps100%6th$0.138876.1%
202608EDGJmarketable_limit$10k–$20k • ODD0.9%5.6%-13.0 bps-3.5 bps100%4th$1.348983.9%
202608EDGJmarketable_limit$10k–$20k • ROUND0.8%23.5%-7.9 bps-3.0 bps100%6th$0.577175.0%
202608EDGJmarketable_limit$20k–$50k • ODD0.9%8.3%-11.2 bps-2.4 bps99%5th$2.454493.3%
202608EDGJmarketable_limit$20k–$50k • ROUND0.5%20.0%-10.0 bps-2.9 bps100%4th$1.058776.8%
202608EDGJmarketable_limit$50k–$200k • ODD————————
202608EDGJmarketable_limit$50k–$200k • ROUND0.3%15.6%-12.0 bps-1.4 bps100%3rd$2.084678.5%
202608EDGJmarketable_limit≥$200k • ROUND0.3%15.7%-8.5 bps-2.1 bps98%5th$1.772069.0%
202608EDGJnonmarketable_limit<$250 • ODD5.1%98.9%78.1 bps25.6 bps100%100th$1.143759.5%
202608EDGJnonmarketable_limit<$250 • ROUND————————
202608EDGJnonmarketable_limit$250–$999 • ODD1.1%98.3%67.0 bps21.8 bps100%99th$1.332464.5%
202608EDGJnonmarketable_limit$250–$999 • ROUND3.4%98.2%65.1 bps49.0 bps100%95th$0.203763.9%
202608EDGJnonmarketable_limit$1k–$5k • ODD1.1%97.7%58.7 bps21.3 bps100%98th$1.426369.2%
202608EDGJnonmarketable_limit$1k–$5k • ROUND1.1%98.4%38.3 bps20.8 bps100%100th$0.371568.8%
202608EDGJnonmarketable_limit$5k–$10k • ODD0.7%98.0%56.6 bps22.4 bps100%97th$2.309367.4%
202608EDGJnonmarketable_limit$5k–$10k • ROUND0.7%98.7%57.4 bps24.8 bps100%100th$0.617873.5%
202608EDGJnonmarketable_limit$10k–$20k • ODD0.5%98.4%57.2 bps22.5 bps100%97th$3.653474.9%
202608EDGJnonmarketable_limit$10k–$20k • ROUND0.4%99.0%75.4 bps35.4 bps100%99th$2.160173.9%
202608EDGJnonmarketable_limit$20k–$50k • ODD0.4%99.5%56.5 bps21.0 bps100%97th$7.176388.3%
202608EDGJnonmarketable_limit$20k–$50k • ROUND0.2%99.3%70.4 bps41.8 bps100%98th$3.233276.4%
202608EDGJnonmarketable_limit$50k–$200k • ODD0.1%100.0%24.5 bps25.5 bps100%93rd$28.159363.6%
202608EDGJnonmarketable_limit$50k–$200k • ROUND0.1%99.3%53.7 bps22.7 bps100%97th$5.236178.0%
202608EDGJnonmarketable_limit≥$200k • ROUND0.2%97.9%47.0 bps21.6 bps99%99th$4.464062.0%
202608EDGKmarket<$250 • ODD21.5%74.0%81.2 bps—0%99th$0.358388.3%
202608EDGKmarket<$250 • ROUND4.7%39.7%64.7 bps—0%98th$0.175040.4%
202608EDGKmarket$250–$999 • ODD85.6%56.8%24.7 bps—0%99th$0.629098.5%
202608EDGKmarket$250–$999 • ROUND70.2%64.8%111.6 bps—0%99th$0.270392.1%
202608EDGKmarket$1k–$5k • ODD94.9%68.6%43.2 bps—0%100th$0.8671100.0%
202608EDGKmarket$1k–$5k • ROUND69.7%45.3%-4.6 bps—0%3rd$1.121276.7%
202608EDGKmarket$5k–$10k • ODD92.1%70.7%55.8 bps—0%100th$0.6184100.0%
202608EDGKmarket$5k–$10k • ROUND63.4%48.9%-4.3 bps—0%0th$0.272299.3%
202608EDGKmarket$10k–$20k • ODD————————
202608EDGKmarket$10k–$20k • ROUND62.8%35.6%11.9 bps—0%96th$0.304989.7%
202608EDGKmarket$20k–$50k • ROUND59.7%37.4%3.7 bps—0%68th$0.4015100.0%
202608EDGKmarket$50k–$200k • ROUND51.0%39.9%-2.6 bps—0%3rd$0.6896100.0%
202608EDGKmarket≥$200k • ROUND5.1%43.9%13.1 bps-0.9 bps23%95th$1.001066.7%
202608EDGKmarketable_limit<$250 • ODD9.0%15.3%-137.1 bps-13.1 bps100%1st$0.206178.0%
202608EDGKmarketable_limit<$250 • ROUND12.1%13.1%-305.8 bps-42.3 bps100%1st$0.035386.3%
202608EDGKmarketable_limit$250–$999 • ODD3.8%12.6%-61.3 bps-9.2 bps100%1st$0.249882.3%
202608EDGKmarketable_limit$250–$999 • ROUND6.3%14.2%-63.5 bps-18.9 bps100%3rd$5.983382.8%
202608EDGKmarketable_limit$1k–$5k • ODD2.5%10.5%-28.1 bps-4.2 bps100%1st$0.553084.7%
202608EDGKmarketable_limit$1k–$5k • ROUND3.1%16.7%-45.8 bps-7.8 bps100%1st$-13.126881.5%
202608EDGKmarketable_limit$5k–$10k • ODD1.7%9.3%-28.5 bps-3.5 bps100%1st$1.401688.1%
202608EDGKmarketable_limit$5k–$10k • ROUND1.7%18.4%-28.6 bps-2.9 bps98%1st$0.668481.1%
202608EDGKmarketable_limit$10k–$20k • ODD1.7%8.0%-23.3 bps-1.7 bps100%0th$1.997189.9%
202608EDGKmarketable_limit$10k–$20k • ROUND1.3%18.3%-25.2 bps-2.4 bps96%1st$0.308381.1%
202608EDGKmarketable_limit$20k–$50k • ODD1.9%7.1%-15.7 bps-1.0 bps98%0th$2.964792.2%
202608EDGKmarketable_limit$20k–$50k • ROUND1.0%19.3%-22.7 bps-1.6 bps96%1st$0.262581.0%
202608EDGKmarketable_limit$50k–$200k • ROUND0.6%17.6%-20.5 bps-1.1 bps96%0th$2.698879.2%
202608EDGKmarketable_limit≥$200k • ROUND0.2%16.3%-22.3 bps-1.5 bps88%0th$0.691083.5%
202608EDGKnonmarketable_limit<$250 • ODD4.3%98.9%6.1 bps119.4 bps100%4th$859.506559.8%
202608EDGKnonmarketable_limit<$250 • ROUND4.3%99.4%0.1 bps157.8 bps100%0th$3357.745766.3%
202608EDGKnonmarketable_limit$250–$999 • ODD1.6%98.8%11.4 bps48.1 bps100%33rd$631.239568.7%
202608EDGKnonmarketable_limit$250–$999 • ROUND2.4%99.0%0.3 bps148.5 bps100%0th$2890.409162.5%
202608EDGKnonmarketable_limit$1k–$5k • ODD1.3%98.9%22.8 bps30.9 bps100%88th$520.403672.4%
202608EDGKnonmarketable_limit$1k–$5k • ROUND1.3%98.7%1.7 bps129.5 bps100%0th$2014.604862.0%
202608EDGKnonmarketable_limit$5k–$10k • ODD0.9%99.4%34.4 bps23.8 bps100%95th$542.093976.4%
202608EDGKnonmarketable_limit$5k–$10k • ROUND0.7%98.8%3.4 bps235.4 bps99%2nd$1762.915661.6%
202608EDGKnonmarketable_limit$10k–$20k • ODD0.8%99.6%52.3 bps24.7 bps100%96th$390.164178.2%
202608EDGKnonmarketable_limit$10k–$20k • ROUND0.5%98.9%4.0 bps346.0 bps98%7th$1731.748460.8%
202608EDGKnonmarketable_limit$20k–$50k • ODD0.7%99.8%63.8 bps22.4 bps100%94th$702.961282.7%
202608EDGKnonmarketable_limit$20k–$50k • ROUND0.3%99.0%8.2 bps40.4 bps97%34th$785.816460.3%
202608EDGKnonmarketable_limit$50k–$200k • ODD————————
202608EDGKnonmarketable_limit$50k–$200k • ROUND0.2%99.0%11.1 bps32.9 bps97%71st$711.483856.9%
202608EDGKnonmarketable_limit≥$200k • ROUND0.2%98.8%8.1 bps23.9 bps93%70th$1608.002654.8%
202608EDGKmarket<$250 • ODD10.9%75.4%38.7 bps—0%100th$5.573033.9%
202608EDGKmarket<$250 • ROUND7.0%68.3%50.2 bps—0%0th$0.296130.2%
202608EDGKmarket$250–$999 • ODD94.7%63.8%67.0 bps—0%100th$0.4640100.0%
202608EDGKmarket$1k–$5k • ODD93.4%60.9%43.3 bps—0%100th$1.218999.8%
202608EDGKmarket$1k–$5k • ROUND————————
202608EDGKmarket$5k–$10k • ODD94.1%71.8%54.7 bps—0%100th$0.9202100.0%
202608EDGKmarket$5k–$10k • ROUND————————
202608EDGKmarket$10k–$20k • ODD92.7%56.3%26.9 bps—0%99th$2.4582100.0%
202608EDGKmarket$10k–$20k • ROUND80.5%51.7%28.8 bps—0%97th$1.2324100.0%
202608EDGKmarket$20k–$50k • ODD————————
202608EDGKmarket$20k–$50k • ROUND72.8%55.1%33.2 bps—0%100th$0.8574100.0%
202608EDGKmarket$50k–$200k • ROUND66.8%44.9%9.6 bps—0%98th$2.5159100.0%
202608EDGKmarket≥$200k • ROUND7.1%45.9%36.6 bps1.3 bps21%98th$2.906774.8%
202608EDGKmarketable_limit<$250 • ODD6.6%16.2%-17.5 bps-1.2 bps100%0th$0.640770.8%
202608EDGKmarketable_limit<$250 • ROUND————————
202608EDGKmarketable_limit$250–$999 • ODD5.3%13.6%-17.5 bps-1.6 bps100%0th$0.839675.9%
202608EDGKmarketable_limit$250–$999 • ROUND7.9%33.8%-5.8 bps-1.2 bps100%13th$0.086465.6%
202608EDGKmarketable_limit$1k–$5k • ODD4.0%8.9%-19.9 bps-2.4 bps100%0th$1.050783.7%
202608EDGKmarketable_limit$1k–$5k • ROUND3.2%23.4%-13.0 bps-3.1 bps100%2nd$0.136674.9%
202608EDGKmarketable_limit$5k–$10k • ODD2.7%6.9%-21.3 bps-2.7 bps100%0th$1.953485.1%
202608EDGKmarketable_limit$5k–$10k • ROUND2.3%18.7%-11.2 bps-2.7 bps100%2nd$0.206079.3%
202608EDGKmarketable_limit$10k–$20k • ODD2.6%6.3%-20.1 bps-2.5 bps100%0th$2.652989.6%
202608EDGKmarketable_limit$10k–$20k • ROUND2.0%15.9%-16.4 bps-4.6 bps100%0th$0.876281.4%
202608EDGKmarketable_limit$20k–$50k • ODD2.8%6.4%-20.2 bps-1.5 bps100%0th$4.929191.2%
202608EDGKmarketable_limit$20k–$50k • ROUND1.9%12.4%-16.6 bps-3.3 bps100%0th$1.495784.1%
202608EDGKmarketable_limit$50k–$200k • ODD19.5%10.0%-5.5 bps2.6 bps100%0th$33.945993.4%
202608EDGKmarketable_limit$50k–$200k • ROUND2.1%8.0%-18.9 bps0.9 bps100%0th$2.529985.1%
202608EDGKmarketable_limit≥$200k • ROUND3.5%5.0%-20.0 bps-1.3 bps100%0th$3.642288.6%
202608EDGKnonmarketable_limit<$250 • ODD4.1%98.8%15.8 bps17.0 bps100%94th$772.767755.5%
202608EDGKnonmarketable_limit<$250 • ROUND————————
202608EDGKnonmarketable_limit$250–$999 • ODD2.5%98.9%18.2 bps17.1 bps100%95th$1002.315762.5%
202608EDGKnonmarketable_limit$250–$999 • ROUND3.4%97.7%57.4 bps48.6 bps100%90th$0.195455.1%
202608EDGKnonmarketable_limit$1k–$5k • ODD2.1%99.1%26.3 bps17.7 bps100%96th$655.853573.2%
202608EDGKnonmarketable_limit$1k–$5k • ROUND1.8%98.5%20.1 bps23.5 bps100%95th$75.414065.4%
202608EDGKnonmarketable_limit$5k–$10k • ODD1.5%99.2%37.9 bps19.6 bps100%96th$498.027973.9%
202608EDGKnonmarketable_limit$5k–$10k • ROUND1.2%99.0%26.1 bps21.1 bps100%94th$127.413071.9%
202608EDGKnonmarketable_limit$10k–$20k • ODD1.5%99.5%36.6 bps18.3 bps100%96th$656.089378.3%
202608EDGKnonmarketable_limit$10k–$20k • ROUND0.9%99.3%42.5 bps29.8 bps100%96th$206.854571.8%
202608EDGKnonmarketable_limit$20k–$50k • ODD1.8%99.7%44.3 bps14.8 bps100%95th$774.663879.7%
202608EDGKnonmarketable_limit$20k–$50k • ROUND0.8%99.5%70.8 bps23.6 bps100%99th$318.726372.3%
202608EDGKnonmarketable_limit$50k–$200k • ODD8.7%100.0%57.3 bps18.0 bps100%98th$46.409997.7%
202608EDGKnonmarketable_limit$50k–$200k • ROUND0.9%99.5%39.3 bps17.3 bps100%96th$480.857965.5%
202608EDGKnonmarketable_limit≥$200k • ROUND1.8%99.5%30.9 bps12.4 bps100%96th$946.162459.3%
202608IEXGmarket<$250 • ODD80.3%30.9%3.0 bps2.8 bps21%12th$0.0118100.0%
202608IEXGmarket<$250 • ROUND————————
202608IEXGmarket$250–$999 • ODD————————
202608IEXGmarket$250–$999 • ROUND————————
202608IEXGmarket$1k–$5k • ODD————————
202608IEXGmarket$1k–$5k • ROUND7.8%24.5%3.7 bps—0%18th$0.0040100.0%
202608IEXGmarket$5k–$10k • ODD————————
202608IEXGmarket$5k–$10k • ROUND————————
202608IEXGmarket$10k–$20k • ROUND————————
202608IEXGmarket$20k–$50k • ROUND————————
202608IEXGmarket$50k–$200k • ROUND————————
202608IEXGmarketable_limit<$250 • ODD39.3%11.8%1.7 bps0.1 bps99%32nd$0.0143100.0%
202608IEXGmarketable_limit<$250 • ROUND19.7%6.5%1.0 bps-14.5 bps99%15th$0.005799.9%
202608IEXGmarketable_limit$250–$999 • ODD30.9%13.4%1.3 bps-1.1 bps98%28th$0.0204100.0%
202608IEXGmarketable_limit$250–$999 • ROUND21.4%4.3%0.5 bps-4.5 bps99%13th$0.010099.9%
202608IEXGmarketable_limit$1k–$5k • ODD26.3%17.1%0.8 bps-1.8 bps98%27th$0.0381100.0%
202608IEXGmarketable_limit$1k–$5k • ROUND13.3%5.7%0.3 bps-3.3 bps99%13th$0.013499.9%
202608IEXGmarketable_limit$5k–$10k • ODD31.1%23.5%0.7 bps-2.2 bps97%32nd$0.0911100.0%
202608IEXGmarketable_limit$5k–$10k • ROUND11.3%5.5%0.2 bps-2.3 bps98%14th$0.016699.9%
202608IEXGmarketable_limit$10k–$20k • ODD34.6%27.7%0.8 bps-1.4 bps96%38th$0.1786100.0%
202608IEXGmarketable_limit$10k–$20k • ROUND10.5%4.6%0.1 bps-2.1 bps98%16th$0.018799.9%
202608IEXGmarketable_limit$20k–$50k • ODD36.4%34.4%1.0 bps-0.2 bps88%43rd$0.3903100.0%
202608IEXGmarketable_limit$20k–$50k • ROUND9.2%3.4%0.1 bps-1.6 bps98%16th$0.017899.9%
202608IEXGmarketable_limit$50k–$200k • ROUND5.9%2.8%-0.0 bps-1.2 bps98%15th$0.014099.9%
202608IEXGmarketable_limit≥$200k • ROUND2.9%4.5%-0.2 bps-1.0 bps93%47th$0.014399.7%
202608IEXGnonmarketable_limit<$250 • ODD2.3%99.3%16.2 bps88.5 bps100%35th$0.005481.8%
202608IEXGnonmarketable_limit<$250 • ROUND1.2%99.8%32.9 bps136.2 bps100%10th$0.000981.5%
202608IEXGnonmarketable_limit$250–$999 • ODD1.4%99.1%10.3 bps69.4 bps100%25th$0.008882.9%
202608IEXGnonmarketable_limit$250–$999 • ROUND1.2%99.3%15.8 bps91.9 bps100%4th$0.001372.6%
202608IEXGnonmarketable_limit$1k–$5k • ODD2.0%99.4%8.7 bps60.9 bps100%33rd$0.025485.4%
202608IEXGnonmarketable_limit$1k–$5k • ROUND1.0%99.0%7.5 bps66.8 bps100%7th$0.002774.2%
202608IEXGnonmarketable_limit$5k–$10k • ODD1.6%99.8%7.9 bps58.2 bps100%41st$0.052284.4%
202608IEXGnonmarketable_limit$5k–$10k • ROUND0.6%99.0%6.3 bps63.6 bps100%8th$0.005978.6%
202608IEXGnonmarketable_limit$10k–$20k • ODD1.4%99.9%7.8 bps47.6 bps100%37th$0.080487.0%
202608IEXGnonmarketable_limit$10k–$20k • ROUND0.4%99.1%5.8 bps59.1 bps100%18th$0.011381.5%
202608IEXGnonmarketable_limit$20k–$50k • ODD1.1%99.9%9.8 bps28.1 bps100%41st$0.152691.7%
202608IEXGnonmarketable_limit$20k–$50k • ROUND0.2%98.8%6.1 bps54.6 bps99%21st$0.020183.8%
202608IEXGnonmarketable_limit$50k–$200k • ROUND0.2%98.9%4.9 bps42.3 bps98%16th$0.024981.8%
202608IEXGnonmarketable_limit≥$200k • ROUND0.0%98.9%2.6 bps26.0 bps96%10th$0.007876.0%
202608IEXGmarket<$250 • ODD94.4%35.9%0.3 bps—0%0th$0.0217100.0%
202608IEXGmarket$250–$999 • ODD————————
202608IEXGmarket$1k–$5k • ODD84.8%43.2%0.5 bps—0%1st$0.0463100.0%
202608IEXGmarket$5k–$10k • ODD————————
202608IEXGmarket$5k–$10k • ROUND————————
202608IEXGmarket$10k–$20k • ODD————————
202608IEXGmarket$10k–$20k • ROUND————————
202608IEXGmarket$20k–$50k • ODD————————
202608IEXGmarket$20k–$50k • ROUND————————
202608IEXGmarket$50k–$200k • ROUND————————
202608IEXGmarket≥$200k • ROUND————————
202608IEXGmarketable_limit<$250 • ODD60.1%17.1%0.6 bps-0.6 bps100%30th$0.0212100.0%
202608IEXGmarketable_limit$250–$999 • ODD47.2%18.3%0.6 bps-1.2 bps100%33rd$0.0305100.0%
202608IEXGmarketable_limit$250–$999 • ROUND36.5%3.2%0.0 bps-1.8 bps100%25th$0.010399.9%
202608IEXGmarketable_limit$1k–$5k • ODD29.3%16.3%0.4 bps-2.2 bps100%25th$0.0373100.0%
202608IEXGmarketable_limit$1k–$5k • ROUND21.3%6.6%0.1 bps-2.6 bps100%23rd$0.0115100.0%
202608IEXGmarketable_limit$5k–$10k • ODD25.4%21.0%0.4 bps-2.5 bps100%26th$0.0666100.0%
202608IEXGmarketable_limit$5k–$10k • ROUND15.8%8.3%0.1 bps-2.5 bps100%17th$0.0156100.0%
202608IEXGmarketable_limit$10k–$20k • ODD28.9%26.7%0.4 bps-2.2 bps100%29th$0.1198100.0%
202608IEXGmarketable_limit$10k–$20k • ROUND14.1%10.2%0.1 bps-2.2 bps100%19th$0.034699.9%
202608IEXGmarketable_limit$20k–$50k • ODD31.6%31.0%0.4 bps-0.6 bps100%31st$0.2472100.0%
202608IEXGmarketable_limit$20k–$50k • ROUND12.6%10.0%0.1 bps-2.4 bps100%18th$0.044999.9%
202608IEXGmarketable_limit$50k–$200k • ODD25.4%31.6%0.4 bps1.3 bps93%30th$0.8665100.0%
202608IEXGmarketable_limit$50k–$200k • ROUND11.3%8.5%0.1 bps-1.5 bps100%16th$0.039099.8%
202608IEXGmarketable_limit≥$200k • ROUND3.0%11.1%-0.1 bps-2.2 bps98%29th$0.047098.9%
202608IEXGnonmarketable_limit<$250 • ODD9.9%99.6%2.9 bps26.8 bps100%7th$0.013874.1%
202608IEXGnonmarketable_limit$250–$999 • ODD4.1%99.3%3.2 bps28.2 bps100%23rd$0.025263.8%
202608IEXGnonmarketable_limit$250–$999 • ROUND12.7%97.5%5.6 bps56.2 bps100%5th$0.000354.8%
202608IEXGnonmarketable_limit$1k–$5k • ODD4.0%99.1%4.0 bps30.7 bps100%46th$0.023084.6%
202608IEXGnonmarketable_limit$1k–$5k • ROUND4.2%98.5%2.2 bps20.5 bps100%12th$0.000766.2%
202608IEXGnonmarketable_limit$5k–$10k • ODD2.2%99.7%3.9 bps34.7 bps100%43rd$0.037688.6%
202608IEXGnonmarketable_limit$5k–$10k • ROUND2.0%98.6%2.2 bps27.0 bps100%14th$0.001677.8%
202608IEXGnonmarketable_limit$10k–$20k • ODD2.1%99.9%3.7 bps29.9 bps100%41st$0.051690.0%
202608IEXGnonmarketable_limit$10k–$20k • ROUND1.2%99.1%2.8 bps38.2 bps100%21st$0.008983.4%
202608IEXGnonmarketable_limit$20k–$50k • ODD1.9%99.9%4.2 bps15.3 bps100%62nd$0.113992.4%
202608IEXGnonmarketable_limit$20k–$50k • ROUND0.6%99.5%3.2 bps49.7 bps100%44th$0.023688.3%
202608IEXGnonmarketable_limit$50k–$200k • ODD1.7%100.0%3.9 bps3.8 bps100%38th$0.288097.7%
202608IEXGnonmarketable_limit$50k–$200k • ROUND0.4%99.6%3.3 bps35.5 bps100%59th$0.049090.5%
202608IEXGnonmarketable_limit≥$200k • ROUND0.2%99.3%3.1 bps31.6 bps100%53rd$0.026874.8%

3. Routing-Weighted Composite Quality

Implied execution quality achieved by the firm’s routing mix across the 24 amended size tiers, compared against the best and median competing venues.

MonthClassNotional × LotMetricFirm CompositeBest CompetingBest VenueMedian CompetingMapped Flow

4. Payment for Order Flow vs. Execution Quality

Addresses FINRA 5310.09 conflicts: comparing PFOF received (¢/100 sh) against net price improvement shortfall vs mix-adjusted peers.

MonthVenueOrder ClassRoute %606 Net PFOF (¢/100)NPI (bps)Peer Bench (bps)Delta (bps)Ref PriceDelta (¢/100 sh)Conflict Flag

Conflict Methodology Note: Quality delta (¢/100 sh) is estimated as Δ_bps × ref_price. A positive PFOF beside a negative delta indicates the firm received payment while the venue delivered less price improvement than competing market centers on identical symbols and size tiers.

5. Material Changes Since Prior Quarter

Changes in routing share (≥ 5 pp), newly added/dropped venues, and PFOF rate shifts since 2026Q1.

No material shifts (≥ 5 percentage point route share or PFOF rate change) detected relative to 2026Q1.

6. Coverage, Exclusions & Standing Limitations

Mandatory regulatory disclosure of data availability, unmapped destinations, and methodological caveats.

Suppressed Cells
60
Cells with < 100 covered orders
Unmapped Venues
8
606 destinations without 605 match
Challenged / Missing 605
4
Venues missing monthly 605 report

Unmapped Routing Destinations:

CBOE EDGX OPTIONS EXCHANGE (EDGO), MIAX PEARL EQUITIES (EPRL), LONG-TERM STOCK EXCHANGE, INC. (LTSE), MEMX LLC EQUITIES (MEMX), NASDAQ OMX BX (XBOS), INTERNATIONAL SECURITIES EXCHANGE, LLC - EQUITIES (XISE), NASDAQ - ALL MARKETS (XNAS), NASDAQ OMX PSX (XPSX)

Unretrievable 605 File Hosts:

  • (AXASE):file_missing
  • (PARCAX):file_missing
  • (CXCIS):file_missing
  • (NXNYS):file_missing

Standing Review Limitations:

  • A venue's Rule 605 statistics describe all flow it handled, not this firm's orders.
  • 606 route shares are per order, not per share, and list only the top 10 venues plus any venue with at least 5% of non-directed orders.
  • FINRA Rule 5310.09 also requires the firm's own order-level review of its executions.
  • This report is not legal or compliance advice.
  • Net price improvement is in basis points of executed notional (quote midpoint × shares). The PFOF comparison converts the difference to ¢/100 sh at the venue's average executed price; it is an estimate.