EXECUTIONREPORTS.COM AMENDED SEC RULE 605 / FINRA 5310.09 ENGINE
← Back to Execution Reports
Print to PDF: browser Print (Ctrl+P / Cmd+P)
Select Quarter:
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 #42677 Review Period: 2026Q2 Filing: Direct 606 filer

MDB CAPITAL (CRD #42677) — Quarterly Rule 606 vs. Amended Rule 605 Competing Market Review

• 95 COMPETING-MARKET EXCEPTIONS REQUIRING RULE 5310.09 COMMITTEE DISPOSITION
Open Review Workspace → Request committee preview
Primary Routed Venues (606)
1. Nasdaq Stock Market(371.5%)
2. Nasdaq ISE(175.6%)
3. NYSE American(81.1%)
Top routed order shares
Disclosed PFOF / Rebates
$8.00
Non-directed retail equity flow
Competing-Market Exceptions
95 of 173
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 Exchange's reported 605 statistics in the $10k–$20k other nonmarketable_limit tier (ROUND) trailed the mix-adjusted peer benchmark by 342.00 bps.

Review in Workspace →
RoleMarket CenterRouting Share (606)PFOF Rate (¢/100)NPI (bps)Peer Bench (bps)Fill Rate5310.09 Status
Routed VenueCBOE EDGX Exchange (EDGK)13.1%—4.0 bps346.0 bps0.5%-342.0 bps Shortfall
BenchmarkMix-Adjusted Peer Average——346.0 bps346.0 bps—Market Average
Best CompetingBYXX0.0%N/A105.2 bps346.0 bps— Competing Benchmark

Rule 5310.09 Exceptions Preview (Showing 25 of 95)

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

Open in Workspace to Dispose →
MonthRouted VenueClass & TierRoute %PFOF (¢/100)NPI (bps)Peer Bench (bps)ShortfallAction
202608CBOE EDGX Exchange (EDGK)nonmarketable_limit
$10k–$20k • other (ROUND)
13.1%—4.0 bps346.0 bps-342.0 bps Dispose →
202608CBOE EDGX Exchange (EDGK)marketable_limit
<$250 • other (ROUND)
13.1%—-305.8 bps-42.3 bps-263.5 bps Dispose →
202608CBOE EDGX Exchange (EDGK)nonmarketable_limit
$5k–$10k • other (ROUND)
13.1%—3.4 bps235.4 bps-231.9 bps Dispose →
202608CBOE EDGX Exchange (EDGK)nonmarketable_limit
<$250 • other (ROUND)
13.1%—0.1 bps157.8 bps-157.8 bps Dispose →
202608CBOE EDGX Exchange (EDGK)nonmarketable_limit
$250–$999 • other (ROUND)
13.1%—0.3 bps148.5 bps-148.2 bps Dispose →
202608CBOE EDGX Exchange (EDGK)nonmarketable_limit
$1k–$5k • other (ROUND)
13.1%—1.7 bps129.5 bps-127.8 bps Dispose →
202608CBOE EDGX Exchange (EDGK)marketable_limit
<$250 • other (ODD)
13.1%—-137.1 bps-13.1 bps-124.0 bps Dispose →
202608CBOE EDGX Exchange (EDGK)nonmarketable_limit
<$250 • other (ODD)
13.1%—6.1 bps119.4 bps-113.3 bps Dispose →
202608Cboe BZX Options Exchange (BATS)marketable_limit
<$250 • other (ROUND)
8.7%—-116.6 bps-33.4 bps-83.2 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
$250–$999 • other (ROUND)
2.5%—50.3 bps116.8 bps-66.5 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
$1k–$5k • other (ROUND)
2.5%—16.5 bps69.9 bps-53.4 bps Dispose →
202608CBOE EDGX Exchange (EDGK)marketable_limit
$250–$999 • other (ODD)
13.1%—-61.3 bps-9.2 bps-52.1 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
<$250 • other (ODD)
2.5%—25.0 bps76.1 bps-51.1 bps Dispose →
202608CBOE EDGX Exchange (EDGK)marketable_limit
$250–$999 • other (ROUND)
13.1%—-63.5 bps-18.9 bps-44.6 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
$5k–$10k • other (ROUND)
2.5%—11.2 bps51.9 bps-40.7 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
$10k–$20k • other (ROUND)
2.5%—8.9 bps49.2 bps-40.3 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
$20k–$50k • sp500_proxy (ROUND)
2.5%—3.7 bps42.1 bps-38.4 bps Dispose →
202608CBOE EDGX Exchange (EDGK)marketable_limit
$1k–$5k • other (ROUND)
13.1%—-45.8 bps-7.8 bps-38.0 bps Dispose →
202608Cboe BZX Options Exchange (BATS)marketable_limit
$250–$999 • other (ROUND)
8.7%—-49.4 bps-11.8 bps-37.6 bps Dispose →
202608CBOE EDGX Exchange (EDGK)nonmarketable_limit
$250–$999 • other (ODD)
13.1%—11.4 bps48.1 bps-36.7 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
$250–$999 • other (ODD)
2.5%—24.2 bps58.6 bps-34.4 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
$20k–$50k • other (ROUND)
2.5%—8.0 bps41.8 bps-33.8 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
$10k–$20k • sp500_proxy (ROUND)
2.5%—4.0 bps36.7 bps-32.7 bps Dispose →
202608XTX Execution Services LLC (XTXE)nonmarketable_limit
<$250 • other (ROUND)
2.5%—68.9 bps101.3 bps-32.4 bps Dispose →
202608CBOE EDGX Exchange (EDGK)nonmarketable_limit
$20k–$50k • other (ROUND)
13.1%—8.2 bps40.4 bps-32.3 bps Dispose →
FINRA Rule 5310.09 Review Packet

MDB CAPITAL

CRD Number: 42677 • Quarter: 2026Q2 • Generated: Wed, 14 Oct 2026 19:25:59 GMT
Methodology: exq-2
Status: IN-PROGRESS / PREVIEW

Resolved Rule 606 Source Filings

Author / Clearing FirmCRDVariant / ContextVersionSHA-256 DigestSource Document
MDB Capital42677MDBCV2160dbd62dc05356a7fc1194d2d18983523f01b9c4b802810124764822e00e435 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.

Download CSV ↓
MonthSectionExecution Venue605 ReporterRoute %Market %Mkt Limit %Non-Mkt %PFOF Mkt (¢/100)PFOF Limit (¢/100)
202604optionsNasdaq ISE (XISX)Unmapped61.9%——67.6%——
202604optionsNasdaq PHLX (XPHL)Unmapped28.8%——31.5%——
202604other_stocksNasdaq Stock Market (XNAS)Unmapped35.0%—6.7%52.0%—-22.00 ¢
202604other_stocksIBKR ATS (IATS)IATS15.6%—39.3%1.4%—0.00 ¢
202604other_stocksCBOE EDGX Exchange (EDGX)EDGK13.1%—0.0%20.9%——
202604other_stocksNYSE Arca (ARCX)PARCAX8.4%—2.3%12.2%—-10.91 ¢
202604other_stocksNew York Stock Exchange (XNYS)NXNYS5.5%—0.0%8.8%——
202604other_stocksCitadel Securities "PRO" (CDRG)CDRG3.4%—9.0%0.0%—0.00 ¢
202604other_stocksINTERACTIVE BROKERS CORP (IBCO)IBCO3.0%—7.9%0.0%—0.00 ¢
202604other_stocksXTX Execution Services LLC (XTXE)XTXE2.5%—5.6%0.7%—0.00 ¢
202604other_stocksIEX (IEXD)Unmapped2.1%—5.6%0.0%——
202604other_stocksBlue Ocean ATS, LLC (OCEA)Unmapped1.7%—0.0%2.7%——
202604sp500Nasdaq Stock Market (XNAS)Unmapped90.6%—4.3%96.3%—0.00 ¢
202605optionsNasdaq ISE (XISX)Unmapped40.8%——72.4%——
202605optionsNasdaq PHLX (XPHL)Unmapped14.6%——25.9%——
202605optionsNYSE Arca Options (ARCO)Unmapped8.7%——0.0%——
202605optionsCboe BZX Options Exchange (BATS)BATS8.7%——0.0%——
202605optionsMIAX Emerald Exchange (EMLD)Unmapped8.7%——0.0%——
202605optionsCBOE C2 Exchange (C2OX)Unmapped8.7%——0.0%——
202605optionsMIAX Sapphire (MIHI)Unmapped8.7%——0.0%——
202605other_stocksNasdaq Stock Market (XNAS)Unmapped51.6%—8.9%69.1%—-30.00 ¢
202605other_stocksCBOE EDGX Exchange (EDGX)EDGK10.9%—0.9%15.1%—-30.00 ¢
202605other_stocksIBKR ATS (IATS)IATS10.7%—35.7%0.4%—0.00 ¢
202605other_stocksNew York Stock Exchange (XNYS)NXNYS7.5%—1.8%9.9%—-30.00 ¢
202605other_stocksNYSE Arca (ARCX)PARCAX4.2%—6.3%3.3%—-30.00 ¢
202605other_stocksCitadel Securities "LITE" (CDED)CDED2.1%—7.1%0.0%—0.00 ¢
202605other_stocksINTERACTIVE BROKERS CORP (IBCO)IBCO2.1%—7.1%0.0%—0.00 ¢
202605other_stocksCBOE BZX Exchange (BATS)BATS1.3%—3.6%0.4%—-29.87 ¢
202605sp500Nasdaq Stock Market (XNAS)Unmapped93.5%—28.0%98.5%—17.25 ¢
202606optionsNasdaq ISE (XISX)Unmapped73.0%——73.0%——
202606optionsNasdaq PHLX (XPHL)Unmapped10.8%——10.8%——
202606optionsMEMX LLC OPTIONS (MXOP)Unmapped10.8%——10.8%——
202606other_stocksNYSE American (XASE)AXASE81.1%—0.0%85.5%——
202606other_stocksNasdaq Stock Market (XNAS)Unmapped8.8%—5.6%9.0%—-15.50 ¢
202606other_stocksCBOE EDGX Exchange (EDGX)EDGK2.1%—1.6%2.2%—-30.00 ¢
202606sp500Nasdaq Stock Market (XNAS)Unmapped92.0%—0.0%97.3%——

2. Venue Scorecards (Amended Rule 605)

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

Download CSV ↓
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%
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%
202608XTXEmarket<$250 • ODD100.0%98.3%10.0 bps—0%74th$0.0293100.0%
202608XTXEmarket<$250 • ROUND————————
202608XTXEmarket$250–$999 • ODD99.1%98.2%11.1 bps—0%94th$0.0319100.0%
202608XTXEmarket$250–$999 • ROUND————————
202608XTXEmarket$1k–$5k • ODD99.3%98.3%6.5 bps—0%89th$0.1073100.0%
202608XTXEmarket$1k–$5k • ROUND95.6%98.7%19.1 bps—0%99th$0.0090100.0%
202608XTXEmarket$5k–$10k • ODD99.9%98.6%4.8 bps—0%86th$0.2431100.0%
202608XTXEmarket$5k–$10k • ROUND100.0%97.7%8.4 bps—0%88th$0.0136100.0%
202608XTXEmarket$10k–$20k • ODD99.4%96.3%3.5 bps—0%47th$0.3896100.0%
202608XTXEmarket$10k–$20k • ROUND99.7%87.6%2.4 bps—0%36th$0.0322100.0%
202608XTXEmarket$20k–$50k • ODD————————
202608XTXEmarket$20k–$50k • ROUND99.8%82.2%3.9 bps—0%77th$0.0398100.0%
202608XTXEmarket$50k–$200k • ROUND96.2%77.7%2.2 bps—0%60th$0.0609100.0%
202608XTXEmarket≥$200k • ROUND————————
202608XTXEmarketable_limit<$250 • ODD45.6%91.6%36.2 bps-2.9 bps89%99th$0.0121100.0%
202608XTXEmarketable_limit<$250 • ROUND50.8%86.6%25.5 bps-29.6 bps79%85th$0.0021100.0%
202608XTXEmarketable_limit$250–$999 • ODD45.9%92.2%30.0 bps-1.3 bps88%100th$0.0223100.0%
202608XTXEmarketable_limit$250–$999 • ROUND33.4%86.0%15.7 bps-11.9 bps77%81st$0.0039100.0%
202608XTXEmarketable_limit$1k–$5k • ODD34.8%91.6%25.8 bps-0.9 bps88%99th$0.0566100.0%
202608XTXEmarketable_limit$1k–$5k • ROUND8.4%80.9%8.9 bps-5.0 bps85%77th$0.0071100.0%
202608XTXEmarketable_limit$5k–$10k • ODD21.2%90.6%19.6 bps-2.8 bps70%99th$0.1097100.0%
202608XTXEmarketable_limit$5k–$10k • ROUND1.9%76.4%7.5 bps-3.7 bps76%85th$0.0117100.0%
202608XTXEmarketable_limit$10k–$20k • ODD16.2%87.4%14.3 bps-1.5 bps69%100th$0.1553100.0%
202608XTXEmarketable_limit$10k–$20k • ROUND0.8%73.4%5.8 bps-3.6 bps78%86th$0.0162100.0%
202608XTXEmarketable_limit$20k–$50k • ODD11.5%86.9%10.5 bps0.2 bps41%100th$0.2124100.0%
202608XTXEmarketable_limit$20k–$50k • ROUND0.4%73.4%4.8 bps-2.9 bps80%92nd$0.0224100.0%
202608XTXEmarketable_limit$50k–$200k • ROUND0.2%76.8%4.5 bps-3.1 bps80%99th$0.0237100.0%
202608XTXEmarketable_limit≥$200k • ROUND0.1%70.6%3.3 bps-5.8 bps54%96th$0.0396100.0%
202608XTXEnonmarketable_limit<$250 • ODD13.4%100.0%25.0 bps76.1 bps69%57th$0.0037100.0%
202608XTXEnonmarketable_limit<$250 • ROUND59.6%100.0%68.9 bps101.3 bps18%67th$0.0002100.0%
202608XTXEnonmarketable_limit$250–$999 • ODD14.0%100.0%24.2 bps58.6 bps62%77th$0.0064100.0%
202608XTXEnonmarketable_limit$250–$999 • ROUND37.1%100.0%50.3 bps116.8 bps8%51st$0.0007100.0%
202608XTXEnonmarketable_limit$1k–$5k • ODD13.4%100.0%20.6 bps48.0 bps66%82nd$0.0107100.0%
202608XTXEnonmarketable_limit$1k–$5k • ROUND26.6%100.0%16.5 bps69.9 bps28%34th$0.0019100.0%
202608XTXEnonmarketable_limit$5k–$10k • ODD11.5%100.0%13.8 bps41.3 bps58%75th$0.0120100.0%
202608XTXEnonmarketable_limit$5k–$10k • ROUND24.7%100.0%11.2 bps51.9 bps25%34th$0.0028100.0%
202608XTXEnonmarketable_limit$10k–$20k • ODD10.4%100.0%10.7 bps37.1 bps69%60th$0.0104100.0%
202608XTXEnonmarketable_limit$10k–$20k • ROUND20.8%100.0%8.9 bps49.2 bps29%36th$0.0042100.0%
202608XTXEnonmarketable_limit$20k–$50k • ODD8.0%100.0%12.1 bps19.9 bps49%53rd$0.0286100.0%
202608XTXEnonmarketable_limit$20k–$50k • ROUND16.5%100.0%8.0 bps41.8 bps33%33rd$0.0089100.0%
202608XTXEnonmarketable_limit$50k–$200k • ROUND7.8%100.0%6.0 bps26.9 bps45%31st$0.0110100.0%
202608XTXEnonmarketable_limit≥$200k • ROUND0.9%100.0%4.9 bps24.4 bps33%28th$-0.0016100.0%
202608XTXEmarket<$250 • ODD99.8%95.2%1.9 bps—0%25th$0.0420100.0%
202608XTXEmarket$250–$999 • ODD97.6%91.1%1.7 bps—0%21st$0.1150100.0%
202608XTXEmarket$1k–$5k • ODD98.8%93.5%1.5 bps—0%16th$0.1356100.0%
202608XTXEmarket$1k–$5k • ROUND————————
202608XTXEmarket$5k–$10k • ODD98.8%96.8%2.3 bps—0%36th$0.1330100.0%
202608XTXEmarket$5k–$10k • ROUND100.0%92.3%1.4 bps—0%30th$0.0161100.0%
202608XTXEmarket$10k–$20k • ODD99.2%97.3%2.2 bps—0%31st$0.1997100.0%
202608XTXEmarket$10k–$20k • ROUND99.9%96.4%1.5 bps—0%26th$0.0479100.0%
202608XTXEmarket$20k–$50k • ODD99.6%93.3%2.4 bps—0%27th$0.6049100.0%
202608XTXEmarket$20k–$50k • ROUND98.8%96.4%1.6 bps—0%31st$0.1065100.0%
202608XTXEmarket$50k–$200k • ROUND97.1%91.3%1.1 bps—0%21st$0.1237100.0%
202608XTXEmarket≥$200k • ROUND47.0%60.5%1.0 bps—0%57th$0.1531100.0%
202608XTXEmarketable_limit<$250 • ODD44.2%82.7%3.3 bps-1.6 bps97%96th$0.0108100.0%
202608XTXEmarketable_limit$250–$999 • ODD54.8%86.1%4.6 bps-1.5 bps99%100th$0.0197100.0%
202608XTXEmarketable_limit$250–$999 • ROUND62.9%73.8%3.3 bps-1.7 bps100%88th$0.0041100.0%
202608XTXEmarketable_limit$1k–$5k • ODD68.6%89.1%6.9 bps-2.2 bps99%100th$0.0332100.0%
202608XTXEmarketable_limit$1k–$5k • ROUND65.0%77.9%1.5 bps-3.0 bps100%69th$0.0050100.0%
202608XTXEmarketable_limit$5k–$10k • ODD61.2%89.9%6.9 bps-3.1 bps92%100th$0.0570100.0%
202608XTXEmarketable_limit$5k–$10k • ROUND54.3%80.4%1.9 bps-2.7 bps97%88th$0.0077100.0%
202608XTXEmarketable_limit$10k–$20k • ODD54.6%88.6%4.8 bps-2.9 bps87%100th$0.0815100.0%
202608XTXEmarketable_limit$10k–$20k • ROUND37.5%79.0%2.3 bps-2.9 bps96%81st$0.0237100.0%
202608XTXEmarketable_limit$20k–$50k • ODD47.4%89.3%3.3 bps-0.5 bps83%90th$0.1548100.0%
202608XTXEmarketable_limit$20k–$50k • ROUND13.9%75.7%1.8 bps-2.8 bps97%75th$0.0375100.0%
202608XTXEmarketable_limit$50k–$200k • ODD82.0%97.0%3.1 bps1.2 bps84%77th$0.4973100.0%
202608XTXEmarketable_limit$50k–$200k • ROUND2.1%78.0%1.7 bps-2.2 bps97%74th$0.0537100.0%
202608XTXEmarketable_limit≥$200k • ROUND1.0%71.5%1.5 bps-2.5 bps79%94th$0.0609100.0%
202608XTXEnonmarketable_limit<$250 • ODD12.1%100.0%4.1 bps30.4 bps95%39th$0.0005100.0%
202608XTXEnonmarketable_limit$250–$999 • ODD13.8%100.0%4.7 bps28.0 bps92%67th$0.0011100.0%
202608XTXEnonmarketable_limit$250–$999 • ROUND————————
202608XTXEnonmarketable_limit$1k–$5k • ODD17.9%100.0%5.1 bps27.9 bps95%70th$0.0014100.0%
202608XTXEnonmarketable_limit$1k–$5k • ROUND12.5%100.0%3.5 bps14.8 bps87%49th$-0.0000100.0%
202608XTXEnonmarketable_limit$5k–$10k • ODD17.1%100.0%5.0 bps30.0 bps86%70th$0.0042100.0%
202608XTXEnonmarketable_limit$5k–$10k • ROUND21.2%100.0%3.2 bps28.5 bps86%63rd$0.0005100.0%
202608XTXEnonmarketable_limit$10k–$20k • ODD15.0%100.0%4.7 bps24.4 bps88%67th$0.0068100.0%
202608XTXEnonmarketable_limit$10k–$20k • ROUND24.4%100.0%4.0 bps36.7 bps83%59th$0.0017100.0%
202608XTXEnonmarketable_limit$20k–$50k • ODD13.9%100.0%5.3 bps10.2 bps76%78th$0.0238100.0%
202608XTXEnonmarketable_limit$20k–$50k • ROUND22.4%100.0%3.7 bps42.1 bps79%56th$0.0070100.0%
202608XTXEnonmarketable_limit$50k–$200k • ODD23.0%100.0%4.8 bps2.9 bps79%55th$0.1781100.0%
202608XTXEnonmarketable_limit$50k–$200k • ROUND23.1%100.0%3.7 bps26.7 bps70%62nd$0.0202100.0%
202608XTXEnonmarketable_limit≥$200k • ROUND10.2%100.0%3.0 bps30.1 bps10%50th$0.0266100.0%

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.

Download CSV ↓
MonthClassNotional × LotMetricFirm CompositeBest CompetingBest VenueMedian CompetingMapped Flow
202608market<$250 • ODDfill_rate—100.0%JPDA14.0%0%
202608market<$250 • ODDpi_rate—100.0%JPMX93.1%0%
202608market<$250 • ODDnpi_bps—152.2 bpsEDGJ6.9 bps0%
202608market<$250 • ODDefq_pct—-491579.6%EDGJ29.9%0%
202608market<$250 • ODDeff_sprd—-0.3142EDGJ0.00890%
202608market<$250 • ODDeff_sprd_pct—-4.3%BYXX0.1%0%
202608market<$250 • ODDreal_sprd_15s—-0.3139EDGJ0.00820%
202608market<$250 • ODDreal_sprd_15s_pct—-4.3%BYXX0.1%0%
202608market<$250 • ODDreal_sprd_1m—-0.3137EDGJ0.00870%
202608market<$250 • ODDreal_sprd_1m_pct—-4.2%BYXX0.1%0%
202608market<$250 • ODDspeed_1s—1.0000ALTR0.99870%
202608market<$250 • ROUNDfill_rate—100.0%JPDA9.7%0%
202608market<$250 • ROUNDpi_rate—100.0%JPDA67.0%0%
202608market<$250 • ROUNDnpi_bps—354.2 bpsBYXX24.9 bps0%
202608market<$250 • ROUNDefq_pct—-132911.4%BYXX41.2%0%
202608market<$250 • ROUNDeff_sprd—-0.2010BYXX0.00260%
202608market<$250 • ROUNDeff_sprd_pct—-32.7%BYXX0.6%0%
202608market<$250 • ROUNDreal_sprd_15s—-0.1999BYXX0.00190%
202608market<$250 • ROUNDreal_sprd_15s_pct—-32.6%BYXX0.5%0%
202608market<$250 • ROUNDreal_sprd_1m—-0.1973BYXX0.00130%
202608market<$250 • ROUNDreal_sprd_1m_pct—-31.9%BYXX0.4%0%
202608market<$250 • ROUNDspeed_1s—1.0000ALBS0.99550%
202608market$250–$999 • ODDfill_rate—100.0%JPDA28.8%0%
202608market$250–$999 • ODDpi_rate—100.0%JPMX93.1%0%
202608market$250–$999 • ODDnpi_bps—47.1 bpsBATS5.3 bps0%
202608market$250–$999 • ODDefq_pct—-23751.6%EDGJ25.5%0%
202608market$250–$999 • ODDeff_sprd—-0.2005EDGJ0.01340%
202608market$250–$999 • ODDeff_sprd_pct—-0.8%EDGJ0.1%0%
202608market$250–$999 • ODDreal_sprd_15s—-0.1986EDGJ0.01160%
202608market$250–$999 • ODDreal_sprd_15s_pct—-0.8%EDGJ0.0%0%
202608market$250–$999 • ODDreal_sprd_1m—-0.1961EDGJ0.01070%
202608market$250–$999 • ODDreal_sprd_1m_pct—-0.8%EDGJ0.0%0%
202608market$250–$999 • ODDspeed_1s—1.0000PNCC0.99910%
202608market$250–$999 • ROUNDfill_rate—100.0%JPDA26.6%0%
202608market$250–$999 • ROUNDpi_rate—100.0%JPDA78.8%0%
202608market$250–$999 • ROUNDnpi_bps—137.2 bpsEDGJ15.3 bps0%
202608market$250–$999 • ROUNDefq_pct—-284033.3%BYXX39.5%0%
202608market$250–$999 • ROUNDeff_sprd—-0.5883BYXX0.00300%
202608market$250–$999 • ROUNDeff_sprd_pct—-5.4%BYXX0.4%0%
202608market$250–$999 • ROUNDreal_sprd_15s—-0.5741BYXX0.00220%
202608market$250–$999 • ROUNDreal_sprd_15s_pct—-5.6%BYXX0.2%0%
202608market$250–$999 • ROUNDreal_sprd_1m—-0.5760BYXX0.00220%
202608market$250–$999 • ROUNDreal_sprd_1m_pct—-5.7%BYXX0.1%0%
202608market$250–$999 • ROUNDspeed_1s—1.0000TPTG0.99880%
202608market$1k–$5k • ODDfill_rate—100.0%JPDA23.9%0%
202608market$1k–$5k • ODDpi_rate—100.0%JPMX93.2%0%
202608market$1k–$5k • ODDnpi_bps—43.2 bpsEDGK4.0 bps0%
202608market$1k–$5k • ODDefq_pct—-22.7%JPDA21.8%0%
202608market$1k–$5k • ODDeff_sprd—-0.0201JPDA0.01460%
202608market$1k–$5k • ODDeff_sprd_pct—-0.1%EDGJ0.0%0%
202608market$1k–$5k • ODDreal_sprd_15s—-0.0752JSDP0.01500%
202608market$1k–$5k • ODDreal_sprd_15s_pct—-0.1%EDGJ0.0%0%
202608market$1k–$5k • ODDreal_sprd_1m—-0.1446JSDP0.01610%
202608market$1k–$5k • ODDreal_sprd_1m_pct—-0.2%JSDP0.0%0%
202608market$1k–$5k • ODDspeed_1s—1.0000ALBS0.99950%
202608market$1k–$5k • ROUNDfill_rate—100.0%JPDA17.0%0%
202608market$1k–$5k • ROUNDpi_rate—100.0%TLQNA79.2%0%
202608market$1k–$5k • ROUNDnpi_bps—46.4 bpsTWTT6.7 bps0%
202608market$1k–$5k • ROUNDefq_pct—-24.9%JPDA48.4%0%
202608market$1k–$5k • ROUNDeff_sprd—-0.0043JPDA0.00490%
202608market$1k–$5k • ROUNDeff_sprd_pct—-0.1%JPDA0.3%0%
202608market$1k–$5k • ROUNDreal_sprd_15s—-0.0719UBSA0.00340%
202608market$1k–$5k • ROUNDreal_sprd_15s_pct—-0.3%HRTS0.1%0%
202608market$1k–$5k • ROUNDreal_sprd_1m—-0.0494UBSA0.00330%
202608market$1k–$5k • ROUNDreal_sprd_1m_pct—-3.3%UBSA0.0%0%
202608market$1k–$5k • ROUNDspeed_1s—1.0000CNBS0.99820%
202608market$5k–$10k • ODDfill_rate—100.0%JPDA41.8%0%
202608market$5k–$10k • ODDpi_rate—99.9%JPDA93.8%0%
202608market$5k–$10k • ODDnpi_bps—55.8 bpsEDGK3.5 bps0%
202608market$5k–$10k • ODDefq_pct—-21.8%JPDA21.5%0%
202608market$5k–$10k • ODDeff_sprd—-0.0465PNCC0.02180%
202608market$5k–$10k • ODDeff_sprd_pct—-0.0%JPDA0.0%0%
202608market$5k–$10k • ODDreal_sprd_15s—-0.0403JPDA0.02160%
202608market$5k–$10k • ODDreal_sprd_15s_pct—-0.0%JPDA0.0%0%
202608market$5k–$10k • ODDreal_sprd_1m—-0.0959JSDP0.01690%
202608market$5k–$10k • ODDreal_sprd_1m_pct—-0.1%JSDP0.0%0%
202608market$5k–$10k • ODDspeed_1s—1.0000ALBS0.99960%
202608market$5k–$10k • ROUNDfill_rate—100.0%JPDA16.2%0%
202608market$5k–$10k • ROUNDpi_rate—100.0%TLQNA78.4%0%
202608market$5k–$10k • ROUNDnpi_bps—24.0 bpsBYXX4.6 bps0%
202608market$5k–$10k • ROUNDefq_pct—-22.2%JPDA51.0%0%
202608market$5k–$10k • ROUNDeff_sprd—-0.0072JPDA0.00700%
202608market$5k–$10k • ROUNDeff_sprd_pct—-10.3%EDGJ0.2%0%
202608market$5k–$10k • ROUNDreal_sprd_15s—-0.0163JSDP0.00380%
202608market$5k–$10k • ROUNDreal_sprd_15s_pct—-10.0%EDGJ0.0%0%
202608market$5k–$10k • ROUNDreal_sprd_1m—-0.0249JSDP0.00360%
202608market$5k–$10k • ROUNDreal_sprd_1m_pct—-9.9%EDGJ0.0%0%
202608market$5k–$10k • ROUNDspeed_1s—1.0000CNBS0.99700%
202608market$10k–$20k • ROUNDfill_rate—100.0%JPDA14.5%0%
202608market$10k–$20k • ROUNDpi_rate—100.0%TLQNA80.6%0%
202608market$10k–$20k • ROUNDnpi_bps—25.7 bpsBATS3.7 bps0%
202608market$10k–$20k • ROUNDefq_pct—-31502.0%EDGJ42.9%0%
202608market$10k–$20k • ROUNDeff_sprd—-0.0098JPDA0.00990%
202608market$10k–$20k • ROUNDeff_sprd_pct—-13.9%EDGJ0.1%0%
202608market$10k–$20k • ROUNDreal_sprd_15s—-0.0125PNCC0.00600%
202608market$10k–$20k • ROUNDreal_sprd_15s_pct—-13.9%EDGJ0.1%0%
202608market$10k–$20k • ROUNDreal_sprd_1m—-0.0201JPMX0.00520%
202608market$10k–$20k • ROUNDreal_sprd_1m_pct—-13.8%EDGJ0.0%0%
202608market$10k–$20k • ROUNDspeed_1s—1.0000BYXX0.99450%
202608market$20k–$50k • ROUNDfill_rate—100.0%JPDA12.7%0%
202608market$20k–$50k • ROUNDpi_rate—100.0%TLQNA80.9%0%
202608market$20k–$50k • ROUNDnpi_bps—28.0 bpsBATS3.0 bps0%
202608market$20k–$50k • ROUNDefq_pct—-5236.3%EDGK39.6%0%
202608market$20k–$50k • ROUNDeff_sprd—-0.0127PNCC0.01080%
202608market$20k–$50k • ROUNDeff_sprd_pct—-6.1%EDGJ0.1%0%
202608market$20k–$50k • ROUNDreal_sprd_15s—-0.0831JSDP0.00690%
202608market$20k–$50k • ROUNDreal_sprd_15s_pct—-6.1%EDGJ0.0%0%
202608market$20k–$50k • ROUNDreal_sprd_1m—-0.0693JSDP0.00590%
202608market$20k–$50k • ROUNDreal_sprd_1m_pct—-6.1%EDGJ0.1%0%
202608market$20k–$50k • ROUNDspeed_1s—1.0000EDGJ0.99300%
202608market$50k–$200k • ROUNDfill_rate—100.0%JPDA8.6%0%
202608market$50k–$200k • ROUNDpi_rate—100.0%TLQNT72.8%0%
202608market$50k–$200k • ROUNDnpi_bps—25.2 bpsTLQNT1.9 bps0%
202608market$50k–$200k • ROUNDefq_pct—-11.5%JPDA60.4%0%
202608market$50k–$200k • ROUNDeff_sprd—-0.0368PNCC0.01640%
202608market$50k–$200k • ROUNDeff_sprd_pct—-0.0%PNCC0.1%0%
202608market$50k–$200k • ROUNDreal_sprd_15s—-0.1700DADA0.00970%
202608market$50k–$200k • ROUNDreal_sprd_15s_pct—-0.4%DADA0.0%0%
202608market$50k–$200k • ROUNDreal_sprd_1m—-0.1048PNCC0.01010%
202608market$50k–$200k • ROUNDreal_sprd_1m_pct—-0.1%JSJX0.0%0%
202608market$50k–$200k • ROUNDspeed_1s—1.0000BYXX0.98160%
202608market≥$200k • ROUNDfill_rate—100.0%TKNG4.8%0%
202608market≥$200k • ROUNDpi_rate—99.8%TLQNA45.7%0%
202608market≥$200k • ROUNDnpi_bps—64.2 bpsEDGJ-0.4 bps0%
202608market≥$200k • ROUNDefq_pct—-15967.5%EDGJ158.6%0%
202608market≥$200k • ROUNDeff_sprd—-4.2043EDGJ0.04450%
202608market≥$200k • ROUNDeff_sprd_pct—-1.8%EDGJ0.1%0%
202608market≥$200k • ROUNDreal_sprd_15s—-4.1934EDGJ0.02180%
202608market≥$200k • ROUNDreal_sprd_15s_pct—-1.8%EDGJ0.0%0%
202608market≥$200k • ROUNDreal_sprd_1m—-4.1480EDGJ0.02030%
202608market≥$200k • ROUNDreal_sprd_1m_pct—-1.7%EDGJ0.0%0%
202608market≥$200k • ROUNDspeed_1s—1.0000FUTM0.87800%
202608marketable_limit<$250 • ODDfill_rate9.0%100.0%DWFT13.6%2%
202608marketable_limit<$250 • ODDpi_rate15.3%100.0%TLQNA77.8%2%
202608marketable_limit<$250 • ODDnpi_bps-137.1 bps58.2 bpsTTSI3.8 bps2%
202608marketable_limit<$250 • ODDefq_pct47514.2%-21.9%JPDA70.3%2%
202608marketable_limit<$250 • ODDeff_sprd0.2061-0.0057JPDA0.01502%
202608marketable_limit<$250 • ODDeff_sprd_pct9.6%-0.1%JPDA0.3%2%
202608marketable_limit<$250 • ODDreal_sprd_15s0.3065-0.0097JPDA0.01192%
202608marketable_limit<$250 • ODDreal_sprd_15s_pct9.4%-0.2%JPDA0.2%2%
202608marketable_limit<$250 • ODDreal_sprd_1m0.3254-0.0117JPDA0.01042%
202608marketable_limit<$250 • ODDreal_sprd_1m_pct9.0%-0.0%JPMS0.2%2%
202608marketable_limit<$250 • ODDspeed_1s0.78011.0000ALPX0.99952%
202608marketable_limit<$250 • ROUNDfill_rate12.1%100.0%DWFT9.0%2%
202608marketable_limit<$250 • ROUNDpi_rate13.1%100.0%TLQNA45.0%2%
202608marketable_limit<$250 • ROUNDnpi_bps-305.8 bps56.1 bpsDAIN8.9 bps2%
202608marketable_limit<$250 • ROUNDefq_pct58310.4%0.0%TLQNA83.7%2%
202608marketable_limit<$250 • ROUNDeff_sprd0.0353-0.0008JPBD0.00372%
202608marketable_limit<$250 • ROUNDeff_sprd_pct11.5%-0.0%JPBD0.7%2%
202608marketable_limit<$250 • ROUNDreal_sprd_15s0.0347-0.0186CSTI0.00302%
202608marketable_limit<$250 • ROUNDreal_sprd_15s_pct11.3%-4.6%GTSM0.6%2%
202608marketable_limit<$250 • ROUNDreal_sprd_1m0.0326-0.0046JRET0.00292%
202608marketable_limit<$250 • ROUNDreal_sprd_1m_pct10.7%-3.3%GTSM0.6%2%
202608marketable_limit<$250 • ROUNDspeed_1s0.86271.0000ALPX0.99762%
202608marketable_limit$250–$999 • ODDfill_rate3.8%100.0%DWFT15.3%2%
202608marketable_limit$250–$999 • ODDpi_rate12.6%99.9%DWFT84.0%2%
202608marketable_limit$250–$999 • ODDnpi_bps-61.3 bps30.0 bpsXTXE2.7 bps2%
202608marketable_limit$250–$999 • ODDefq_pct37471.7%-25.2%JPDA70.9%2%
202608marketable_limit$250–$999 • ODDeff_sprd0.2498-0.0370AEFA0.02502%
202608marketable_limit$250–$999 • ODDeff_sprd_pct4.5%-0.0%JPDA0.1%2%
202608marketable_limit$250–$999 • ODDreal_sprd_15s0.4807-0.0280AEFA0.01932%
202608marketable_limit$250–$999 • ODDreal_sprd_15s_pct4.5%-0.0%JPDA0.1%2%
202608marketable_limit$250–$999 • ODDreal_sprd_1m0.4686-0.0195AEFA0.01612%
202608marketable_limit$250–$999 • ODDreal_sprd_1m_pct4.3%-0.2%MSCO0.1%2%
202608marketable_limit$250–$999 • ODDspeed_1s0.82341.0000AEFA0.99972%
202608marketable_limit$250–$999 • ROUNDfill_rate6.3%100.0%DWFT10.5%2%
202608marketable_limit$250–$999 • ROUNDpi_rate14.2%100.0%DWFT51.9%2%
202608marketable_limit$250–$999 • ROUNDnpi_bps-63.5 bps37.4 bpsDAIN6.4 bps2%
202608marketable_limit$250–$999 • ROUNDefq_pct59070.2%-4.0%JPBD82.6%2%
202608marketable_limit$250–$999 • ROUNDeff_sprd5.9833-0.0029JPBD0.00692%
202608marketable_limit$250–$999 • ROUNDeff_sprd_pct13.3%-0.1%JPBD0.5%2%
202608marketable_limit$250–$999 • ROUNDreal_sprd_15s0.0878-0.0020XASE0.00362%
202608marketable_limit$250–$999 • ROUNDreal_sprd_15s_pct11.1%-0.2%ARCX0.3%2%
202608marketable_limit$250–$999 • ROUNDreal_sprd_1m0.0838-0.0024XASE0.00352%
202608marketable_limit$250–$999 • ROUNDreal_sprd_1m_pct10.6%-0.3%ARCX0.2%2%
202608marketable_limit$250–$999 • ROUNDspeed_1s0.82851.0000CGWM0.99582%
202608marketable_limit$1k–$5k • ODDfill_rate2.5%100.0%DWFT18.1%2%
202608marketable_limit$1k–$5k • ODDpi_rate10.5%100.0%JPDA82.0%2%
202608marketable_limit$1k–$5k • ODDnpi_bps-28.1 bps48.0 bpsTWTT2.1 bps2%
202608marketable_limit$1k–$5k • ODDefq_pct33593.1%-41.9%PNCC71.0%2%
202608marketable_limit$1k–$5k • ODDeff_sprd0.5530-0.0136JPDA0.04462%
202608marketable_limit$1k–$5k • ODDeff_sprd_pct1.3%-0.0%JPDA0.1%2%
202608marketable_limit$1k–$5k • ODDreal_sprd_15s0.6058-0.0324JPDA0.03162%
202608marketable_limit$1k–$5k • ODDreal_sprd_15s_pct1.3%-0.0%JPDA0.1%2%
202608marketable_limit$1k–$5k • ODDreal_sprd_1m0.5978-0.0613AEFA0.03002%
202608marketable_limit$1k–$5k • ODDreal_sprd_1m_pct1.2%-0.1%HRTF0.1%2%
202608marketable_limit$1k–$5k • ODDspeed_1s0.84711.0000PNCC0.99932%
202608marketable_limit$1k–$5k • ROUNDfill_rate3.1%100.0%DWFT8.6%2%
202608marketable_limit$1k–$5k • ROUNDpi_rate16.7%100.0%JPDA53.6%2%
202608marketable_limit$1k–$5k • ROUNDnpi_bps-45.8 bps20.4 bpsGTSM3.1 bps2%
202608marketable_limit$1k–$5k • ROUNDefq_pct46383.0%-21.9%JPDA83.4%2%
202608marketable_limit$1k–$5k • ROUNDeff_sprd-13.1268-13.1268EDGK0.01162%
202608marketable_limit$1k–$5k • ROUNDeff_sprd_pct7.5%-0.1%JPDA0.3%2%
202608marketable_limit$1k–$5k • ROUNDreal_sprd_15s-0.0092-0.0092EDGK0.00452%
202608marketable_limit$1k–$5k • ROUNDreal_sprd_15s_pct4.6%-0.2%ARCX0.1%2%
202608marketable_limit$1k–$5k • ROUNDreal_sprd_1m0.1576-0.0057ARCX0.00422%
202608marketable_limit$1k–$5k • ROUNDreal_sprd_1m_pct6.2%-0.2%ARCX0.1%2%
202608marketable_limit$1k–$5k • ROUNDspeed_1s0.81481.0000CNBS0.98592%
202608marketable_limit$5k–$10k • ODDfill_rate1.7%100.0%DWFT26.5%2%
202608marketable_limit$5k–$10k • ODDpi_rate9.3%100.0%TLQNA80.2%2%
202608marketable_limit$5k–$10k • ODDnpi_bps-28.5 bps21.9 bpsTWTT1.4 bps2%
202608marketable_limit$5k–$10k • ODDefq_pct37059.3%-5.7%FIBS75.6%2%
202608marketable_limit$5k–$10k • ODDeff_sprd1.4016-0.0074FIBS0.08232%
202608marketable_limit$5k–$10k • ODDeff_sprd_pct1.1%-0.0%NFSC0.1%2%
202608marketable_limit$5k–$10k • ODDreal_sprd_15s1.3958-0.0589MSCO0.05612%
202608marketable_limit$5k–$10k • ODDreal_sprd_15s_pct1.1%-0.1%MSCO0.0%2%
202608marketable_limit$5k–$10k • ODDreal_sprd_1m1.3791-0.1230MSCO0.04922%
202608marketable_limit$5k–$10k • ODDreal_sprd_1m_pct1.1%-0.1%MSCO0.0%2%
202608marketable_limit$5k–$10k • ODDspeed_1s0.88111.0000ALPX0.99972%
202608marketable_limit$5k–$10k • ROUNDfill_rate1.7%100.0%DWFT8.4%2%
202608marketable_limit$5k–$10k • ROUNDpi_rate18.4%100.0%JPDA50.6%2%
202608marketable_limit$5k–$10k • ROUNDnpi_bps-28.6 bps15.6 bpsSWST2.0 bps2%
202608marketable_limit$5k–$10k • ROUNDefq_pct38911.7%-25.7%JPDA87.6%2%
202608marketable_limit$5k–$10k • ROUNDeff_sprd0.6684-0.0058JPDA0.01772%
202608marketable_limit$5k–$10k • ROUNDeff_sprd_pct4.0%-0.0%JPDA0.2%2%
202608marketable_limit$5k–$10k • ROUNDreal_sprd_15s0.2150-0.0143AEFA0.00572%
202608marketable_limit$5k–$10k • ROUNDreal_sprd_15s_pct3.9%-0.5%WEDB0.1%2%
202608marketable_limit$5k–$10k • ROUNDreal_sprd_1m0.2105-0.0102WEDB0.00482%
202608marketable_limit$5k–$10k • ROUNDreal_sprd_1m_pct3.7%-0.5%WEDB0.1%2%
202608marketable_limit$5k–$10k • ROUNDspeed_1s0.81101.0000CODX0.98082%
202608marketable_limit$10k–$20k • ODDfill_rate1.7%100.0%DWFT24.4%2%
202608marketable_limit$10k–$20k • ODDpi_rate8.0%100.0%TLQNA79.5%2%
202608marketable_limit$10k–$20k • ODDnpi_bps-23.3 bps14.3 bpsXTXE1.4 bps2%
202608marketable_limit$10k–$20k • ODDefq_pct39426.0%-12.0%JPBD75.8%2%
202608marketable_limit$10k–$20k • ODDeff_sprd1.9971-0.0115NFSC0.14082%
202608marketable_limit$10k–$20k • ODDeff_sprd_pct1.1%-0.0%NFSC0.1%2%
202608marketable_limit$10k–$20k • ODDreal_sprd_15s1.9908-0.0510XSTM0.09412%
202608marketable_limit$10k–$20k • ODDreal_sprd_15s_pct1.1%-0.0%XSTM0.0%2%
202608marketable_limit$10k–$20k • ODDreal_sprd_1m1.9647-0.0600TLQNA0.09402%
202608marketable_limit$10k–$20k • ODDreal_sprd_1m_pct1.1%-0.0%TLQNA0.0%2%
202608marketable_limit$10k–$20k • ODDspeed_1s0.89891.0000ALPX0.99992%
202608marketable_limit$10k–$20k • ROUNDfill_rate1.3%100.0%DWFT8.2%2%
202608marketable_limit$10k–$20k • ROUNDpi_rate18.3%100.0%JPDA46.4%2%
202608marketable_limit$10k–$20k • ROUNDnpi_bps-25.2 bps8.8 bpsHRBF1.2 bps2%
202608marketable_limit$10k–$20k • ROUNDefq_pct40222.1%-25.2%JPDA88.7%2%
202608marketable_limit$10k–$20k • ROUNDeff_sprd0.3083-0.0061JPDA0.02002%
202608marketable_limit$10k–$20k • ROUNDeff_sprd_pct2.6%-0.0%JPDA0.2%2%
202608marketable_limit$10k–$20k • ROUNDreal_sprd_15s0.3067-0.0110MSRP0.00592%
202608marketable_limit$10k–$20k • ROUNDreal_sprd_15s_pct2.6%-0.1%ARCX0.1%2%
202608marketable_limit$10k–$20k • ROUNDreal_sprd_1m0.3022-0.0131MSRP0.00852%
202608marketable_limit$10k–$20k • ROUNDreal_sprd_1m_pct2.5%-0.2%MSRP0.1%2%
202608marketable_limit$10k–$20k • ROUNDspeed_1s0.81151.0000CODX0.98032%
202608marketable_limit$20k–$50k • ODDfill_rate1.9%100.0%ETMM19.4%2%
202608marketable_limit$20k–$50k • ODDpi_rate7.1%100.0%MSRP63.4%2%
202608marketable_limit$20k–$50k • ODDnpi_bps-15.7 bps10.5 bpsXTXE1.7 bps2%
202608marketable_limit$20k–$50k • ODDefq_pct27601.7%-10.6%FIBS83.8%2%
202608marketable_limit$20k–$50k • ODDeff_sprd2.96470.0024FIBS0.34112%
202608marketable_limit$20k–$50k • ODDeff_sprd_pct1.1%-0.0%FIBS0.1%2%
202608marketable_limit$20k–$50k • ODDreal_sprd_15s2.9499-0.0179GTSM0.19712%
202608marketable_limit$20k–$50k • ODDreal_sprd_15s_pct1.1%-0.0%GTSM0.1%2%
202608marketable_limit$20k–$50k • ODDreal_sprd_1m2.9015-0.0671MLCO0.15412%
202608marketable_limit$20k–$50k • ODDreal_sprd_1m_pct1.1%-0.0%MLCO0.1%2%
202608marketable_limit$20k–$50k • ODDspeed_1s0.92191.0000ALPX1.00002%
202608marketable_limit$20k–$50k • ROUNDfill_rate1.0%100.0%DWFT8.4%2%
202608marketable_limit$20k–$50k • ROUNDpi_rate19.3%100.0%JPDA42.8%2%
202608marketable_limit$20k–$50k • ROUNDnpi_bps-22.7 bps7.2 bpsTLQNA0.9 bps2%
202608marketable_limit$20k–$50k • ROUNDefq_pct41326.8%-23.9%JPDA87.6%2%
202608marketable_limit$20k–$50k • ROUNDeff_sprd0.2625-0.0100MOAT0.02292%
202608marketable_limit$20k–$50k • ROUNDeff_sprd_pct1.8%-0.0%JPDA0.2%2%
202608marketable_limit$20k–$50k • ROUNDreal_sprd_15s0.3546-0.0400MOAT0.00792%
202608marketable_limit$20k–$50k • ROUNDreal_sprd_15s_pct1.8%-0.1%ARCX0.0%2%
202608marketable_limit$20k–$50k • ROUNDreal_sprd_1m0.3497-0.1800MOAT0.00642%
202608marketable_limit$20k–$50k • ROUNDreal_sprd_1m_pct1.8%-0.2%MOAT0.0%2%
202608marketable_limit$20k–$50k • ROUNDspeed_1s0.80991.0000CODX0.97752%
202608marketable_limit$50k–$200k • ROUNDfill_rate0.6%100.0%DWFT5.8%2%
202608marketable_limit$50k–$200k • ROUNDpi_rate17.6%99.9%DWFT36.2%2%
202608marketable_limit$50k–$200k • ROUNDnpi_bps-20.5 bps10.3 bpsTLQNA0.5 bps2%
202608marketable_limit$50k–$200k • ROUNDefq_pct47616.5%-7.9%MSRP91.6%2%
202608marketable_limit$50k–$200k • ROUNDeff_sprd2.6988-0.0006AEFA0.02502%
202608marketable_limit$50k–$200k • ROUNDeff_sprd_pct1.5%-0.0%TLQNA0.1%2%
202608marketable_limit$50k–$200k • ROUNDreal_sprd_15s0.3808-0.0077ARCX0.00882%
202608marketable_limit$50k–$200k • ROUNDreal_sprd_15s_pct1.4%-0.3%DWWT0.0%2%
202608marketable_limit$50k–$200k • ROUNDreal_sprd_1m0.3758-0.0256MSRP0.00902%
202608marketable_limit$50k–$200k • ROUNDreal_sprd_1m_pct1.4%-0.1%MSRP0.0%2%
202608marketable_limit$50k–$200k • ROUNDspeed_1s0.79211.0000CODX0.96562%
202608marketable_limit≥$200k • ROUNDfill_rate0.2%100.0%TLQNT2.8%2%
202608marketable_limit≥$200k • ROUNDpi_rate16.3%99.3%TLQNT28.7%2%
202608marketable_limit≥$200k • ROUNDnpi_bps-22.3 bps21.1 bpsTLQNT-0.2 bps2%
202608marketable_limit≥$200k • ROUNDefq_pct69153.0%2.9%MSRP99.0%2%
202608marketable_limit≥$200k • ROUNDeff_sprd0.69100.0006MSRP0.03412%
202608marketable_limit≥$200k • ROUNDeff_sprd_pct1.5%0.0%TLQNT0.1%2%
202608marketable_limit≥$200k • ROUNDreal_sprd_15s0.6866-0.1537SGSD0.01352%
202608marketable_limit≥$200k • ROUNDreal_sprd_15s_pct1.5%-0.4%STFX0.0%2%
202608marketable_limit≥$200k • ROUNDreal_sprd_1m0.6772-0.2760JPBD0.01302%
202608marketable_limit≥$200k • ROUNDreal_sprd_1m_pct1.5%-0.4%STFX0.0%2%
202608marketable_limit≥$200k • ROUNDspeed_1s0.83551.0000CODX0.93172%
202608nonmarketable_limit<$250 • ODDfill_rate4.3%100.0%DWFT2.4%2%
202608nonmarketable_limit<$250 • ODDpi_rate98.9%100.0%ALTR100.0%2%
202608nonmarketable_limit<$250 • ODDnpi_bps6.1 bps301.8 bpsTTSI23.6 bps2%
202608nonmarketable_limit<$250 • ODDefq_pct27824.5%-166.7%CSTI13.6%2%
202608nonmarketable_limit<$250 • ODDeff_sprd859.5065-0.1000CSTI0.01912%
202608nonmarketable_limit<$250 • ODDeff_sprd_pct69.7%-1.3%CSTI0.1%2%
202608nonmarketable_limit<$250 • ODDreal_sprd_15s-151.3148-151.3148EDGK0.00212%
202608nonmarketable_limit<$250 • ODDreal_sprd_15s_pct-13.2%-13.2%EDGK0.0%2%
202608nonmarketable_limit<$250 • ODDreal_sprd_1m-127.5693-127.5693EDGK0.00202%
202608nonmarketable_limit<$250 • ODDreal_sprd_1m_pct-4.4%-4.4%EDGK0.0%2%
202608nonmarketable_limit<$250 • ODDspeed_1s0.59831.0000CODX0.53632%
202608nonmarketable_limit<$250 • ROUNDfill_rate4.3%100.0%DWFT1.1%2%
202608nonmarketable_limit<$250 • ROUNDpi_rate99.4%100.0%ARCX100.0%2%
202608nonmarketable_limit<$250 • ROUNDnpi_bps0.1 bps354.7 bpsEDGJ60.1 bps2%
202608nonmarketable_limit<$250 • ROUNDefq_pct35897.1%-0.8%XSTM25.1%2%
202608nonmarketable_limit<$250 • ROUNDeff_sprd3357.7457-0.0001XSTM0.00192%
202608nonmarketable_limit<$250 • ROUNDeff_sprd_pct110.2%-0.0%XSTM0.5%2%
202608nonmarketable_limit<$250 • ROUNDreal_sprd_15s-267.2102-267.2102EDGK0.00062%
202608nonmarketable_limit<$250 • ROUNDreal_sprd_15s_pct-8.7%-8.7%EDGK-0.0%2%
202608nonmarketable_limit<$250 • ROUNDreal_sprd_1m-209.0444-209.0444EDGK0.00072%
202608nonmarketable_limit<$250 • ROUNDreal_sprd_1m_pct-4.7%-4.7%EDGK0.0%2%
202608nonmarketable_limit<$250 • ROUNDspeed_1s0.66281.0000CODX0.62752%
202608nonmarketable_limit$250–$999 • ODDfill_rate1.6%100.0%DWFT1.6%2%
202608nonmarketable_limit$250–$999 • ODDpi_rate98.8%100.0%AEFA100.0%2%
202608nonmarketable_limit$250–$999 • ODDnpi_bps11.4 bps148.5 bpsBYXX16.4 bps2%
202608nonmarketable_limit$250–$999 • ODDefq_pct24271.7%-19.3%GTSM16.4%2%
202608nonmarketable_limit$250–$999 • ODDeff_sprd631.2395-0.0233INTL0.02892%
202608nonmarketable_limit$250–$999 • ODDeff_sprd_pct56.8%-0.2%INTL0.1%2%
202608nonmarketable_limit$250–$999 • ODDreal_sprd_15s-19.3130-19.3130EDGK0.00222%
202608nonmarketable_limit$250–$999 • ODDreal_sprd_15s_pct-4.9%-4.9%EDGK0.0%2%
202608nonmarketable_limit$250–$999 • ODDreal_sprd_1m-17.4509-17.4509EDGK0.00362%
202608nonmarketable_limit$250–$999 • ODDreal_sprd_1m_pct-3.0%-3.0%EDGK0.0%2%
202608nonmarketable_limit$250–$999 • ODDspeed_1s0.68691.0000CODX0.56222%
202608nonmarketable_limit$250–$999 • ROUNDfill_rate2.4%100.0%DWFT1.2%2%
202608nonmarketable_limit$250–$999 • ROUNDpi_rate99.0%100.0%AVNU100.0%2%
202608nonmarketable_limit$250–$999 • ROUNDnpi_bps0.3 bps281.5 bpsFORS49.2 bps2%
202608nonmarketable_limit$250–$999 • ROUNDefq_pct33308.8%-38.2%CHAS21.7%2%
202608nonmarketable_limit$250–$999 • ROUNDeff_sprd2890.4091-0.0088CHAS0.00382%
202608nonmarketable_limit$250–$999 • ROUNDeff_sprd_pct90.0%-0.1%MSCO0.3%2%
202608nonmarketable_limit$250–$999 • ROUNDreal_sprd_15s-135.3619-135.3619EDGK0.00182%
202608nonmarketable_limit$250–$999 • ROUNDreal_sprd_15s_pct-10.8%-10.8%EDGK0.1%2%
202608nonmarketable_limit$250–$999 • ROUNDreal_sprd_1m-152.6260-152.6260EDGK0.00202%
202608nonmarketable_limit$250–$999 • ROUNDreal_sprd_1m_pct-7.5%-7.5%EDGK0.1%2%
202608nonmarketable_limit$250–$999 • ROUNDspeed_1s0.62501.0000CODX0.59292%
202608nonmarketable_limit$1k–$5k • ODDfill_rate1.3%100.0%DWFT1.4%2%
202608nonmarketable_limit$1k–$5k • ODDpi_rate98.9%100.0%AEFA100.0%2%
202608nonmarketable_limit$1k–$5k • ODDnpi_bps22.8 bps125.3 bpsBYXX12.0 bps2%
202608nonmarketable_limit$1k–$5k • ODDefq_pct17700.8%-2.9%TLQNA20.9%2%
202608nonmarketable_limit$1k–$5k • ODDeff_sprd520.4036-0.0004XSTM0.04792%
202608nonmarketable_limit$1k–$5k • ODDeff_sprd_pct55.7%-0.0%GTSM0.1%2%
202608nonmarketable_limit$1k–$5k • ODDreal_sprd_15s-9.4038-9.4038EDGK0.00922%
202608nonmarketable_limit$1k–$5k • ODDreal_sprd_15s_pct-1.2%-1.2%EDGK0.0%2%
202608nonmarketable_limit$1k–$5k • ODDreal_sprd_1m-9.1944-9.1944EDGK0.01072%
202608nonmarketable_limit$1k–$5k • ODDreal_sprd_1m_pct-1.0%-1.0%EDGK0.0%2%
202608nonmarketable_limit$1k–$5k • ODDspeed_1s0.72371.0000CODX0.57272%
202608nonmarketable_limit$1k–$5k • ROUNDfill_rate1.3%100.0%DWFT0.6%2%
202608nonmarketable_limit$1k–$5k • ROUNDpi_rate98.7%100.0%AEFA100.0%2%
202608nonmarketable_limit$1k–$5k • ROUNDnpi_bps1.7 bps215.8 bpsSOFI25.5 bps2%
202608nonmarketable_limit$1k–$5k • ROUNDefq_pct29068.5%-33789.0%TLQNA18.8%2%
202608nonmarketable_limit$1k–$5k • ROUNDeff_sprd2014.6048-0.0364TLQNA0.00822%
202608nonmarketable_limit$1k–$5k • ROUNDeff_sprd_pct65.5%-0.2%TLQNA0.1%2%
202608nonmarketable_limit$1k–$5k • ROUNDreal_sprd_15s-122.9636-122.9636EDGK0.00372%
202608nonmarketable_limit$1k–$5k • ROUNDreal_sprd_15s_pct-6.8%-6.8%EDGK0.0%2%
202608nonmarketable_limit$1k–$5k • ROUNDreal_sprd_1m-147.4863-147.4863EDGK0.00462%
202608nonmarketable_limit$1k–$5k • ROUNDreal_sprd_1m_pct-3.9%-4.2%EDGJ0.1%2%
202608nonmarketable_limit$1k–$5k • ROUNDspeed_1s0.61981.0000DWFT0.45562%
202608nonmarketable_limit$5k–$10k • ODDfill_rate0.9%100.0%DWFT1.8%2%
202608nonmarketable_limit$5k–$10k • ODDpi_rate99.4%100.0%AEFA100.0%2%
202608nonmarketable_limit$5k–$10k • ODDnpi_bps34.4 bps117.9 bpsBYXX9.4 bps2%
202608nonmarketable_limit$5k–$10k • ODDefq_pct14828.1%-7.4%CHAS24.9%2%
202608nonmarketable_limit$5k–$10k • ODDeff_sprd542.0939-0.0763JPBD0.08212%
202608nonmarketable_limit$5k–$10k • ODDeff_sprd_pct50.7%-0.0%INTL0.0%2%
202608nonmarketable_limit$5k–$10k • ODDreal_sprd_15s0.9347-0.4067BYXX0.02092%
202608nonmarketable_limit$5k–$10k • ODDreal_sprd_15s_pct-0.4%-0.4%EDGK0.0%2%
202608nonmarketable_limit$5k–$10k • ODDreal_sprd_1m-1.9196-1.9196EDGK0.02082%
202608nonmarketable_limit$5k–$10k • ODDreal_sprd_1m_pct-0.4%-0.4%EDGK0.0%2%
202608nonmarketable_limit$5k–$10k • ODDspeed_1s0.76411.0000CODX0.70562%
202608nonmarketable_limit$5k–$10k • ROUNDfill_rate0.7%100.0%DWFT0.4%2%
202608nonmarketable_limit$5k–$10k • ROUNDpi_rate98.8%100.0%AEFA100.0%2%
202608nonmarketable_limit$5k–$10k • ROUNDnpi_bps3.4 bps105.2 bpsBYXX16.4 bps2%
202608nonmarketable_limit$5k–$10k • ROUNDefq_pct31334.2%-19.3%JPBD17.4%2%
202608nonmarketable_limit$5k–$10k • ROUNDeff_sprd1762.9156-0.0994JPBD0.01682%
202608nonmarketable_limit$5k–$10k • ROUNDeff_sprd_pct45.2%-1.4%JPBD0.1%2%
202608nonmarketable_limit$5k–$10k • ROUNDreal_sprd_15s216.7133-0.0931BATS0.00442%
202608nonmarketable_limit$5k–$10k • ROUNDreal_sprd_15s_pct-2.9%-2.9%EDGK0.0%2%
202608nonmarketable_limit$5k–$10k • ROUNDreal_sprd_1m219.9298-0.0964XGWD0.00642%
202608nonmarketable_limit$5k–$10k • ROUNDreal_sprd_1m_pct-4.3%-4.3%EDGK0.0%2%
202608nonmarketable_limit$5k–$10k • ROUNDspeed_1s0.61561.0000CODX0.39372%
202608nonmarketable_limit$10k–$20k • ODDfill_rate0.8%100.0%DWFT1.9%2%
202608nonmarketable_limit$10k–$20k • ODDpi_rate99.6%100.0%AEFA100.0%2%
202608nonmarketable_limit$10k–$20k • ODDnpi_bps52.3 bps129.5 bpsBYXX9.8 bps2%
202608nonmarketable_limit$10k–$20k • ODDefq_pct16010.2%-0.0%XSTM24.7%2%
202608nonmarketable_limit$10k–$20k • ODDeff_sprd390.16410.0000SBSH0.13582%
202608nonmarketable_limit$10k–$20k • ODDeff_sprd_pct37.7%0.0%SBSH0.1%2%
202608nonmarketable_limit$10k–$20k • ODDreal_sprd_15s1.9468-0.9500SOHS0.03932%
202608nonmarketable_limit$10k–$20k • ODDreal_sprd_15s_pct0.1%-0.5%SOHS0.0%2%
202608nonmarketable_limit$10k–$20k • ODDreal_sprd_1m-2.3716-3.5300SOHS0.04592%
202608nonmarketable_limit$10k–$20k • ODDreal_sprd_1m_pct-0.2%-1.9%SOHS0.0%2%
202608nonmarketable_limit$10k–$20k • ODDspeed_1s0.78231.0000CODX0.77322%
202608nonmarketable_limit$10k–$20k • ROUNDfill_rate0.5%100.0%DWFT0.4%2%
202608nonmarketable_limit$10k–$20k • ROUNDpi_rate98.9%100.0%AEFA100.0%2%
202608nonmarketable_limit$10k–$20k • ROUNDnpi_bps4.0 bps105.2 bpsBYXX13.4 bps2%
202608nonmarketable_limit$10k–$20k • ROUNDefq_pct27823.1%-18.5%INTL19.5%2%
202608nonmarketable_limit$10k–$20k • ROUNDeff_sprd1731.7484-0.0097JPBD0.02562%
202608nonmarketable_limit$10k–$20k • ROUNDeff_sprd_pct42.2%-0.1%JPBD0.1%2%
202608nonmarketable_limit$10k–$20k • ROUNDreal_sprd_15s337.6950-0.1821BATS0.00512%
202608nonmarketable_limit$10k–$20k • ROUNDreal_sprd_15s_pct3.2%-1.4%WEDB0.0%2%
202608nonmarketable_limit$10k–$20k • ROUNDreal_sprd_1m337.4390-0.1470BATS0.00792%
202608nonmarketable_limit$10k–$20k • ROUNDreal_sprd_1m_pct-2.8%-2.8%EDGK0.0%2%
202608nonmarketable_limit$10k–$20k • ROUNDspeed_1s0.60771.0000CODX0.40242%
202608nonmarketable_limit$20k–$50k • ODDfill_rate0.7%26.3%ETMM1.1%2%
202608nonmarketable_limit$20k–$50k • ODDpi_rate99.8%100.0%ALPX100.0%2%
202608nonmarketable_limit$20k–$50k • ODDnpi_bps63.8 bps137.5 bpsEDGJ11.9 bps2%
202608nonmarketable_limit$20k–$50k • ODDefq_pct14836.6%-12.9%INTL27.4%2%
202608nonmarketable_limit$20k–$50k • ODDeff_sprd702.9612-0.0032INTL0.27812%
202608nonmarketable_limit$20k–$50k • ODDeff_sprd_pct13.1%-0.0%INTL0.1%2%
202608nonmarketable_limit$20k–$50k • ODDreal_sprd_15s26.5106-0.8457BATS0.03742%
202608nonmarketable_limit$20k–$50k • ODDreal_sprd_15s_pct0.1%-0.4%BYXX0.0%2%
202608nonmarketable_limit$20k–$50k • ODDreal_sprd_1m-21.9453-21.9453EDGK0.03842%
202608nonmarketable_limit$20k–$50k • ODDreal_sprd_1m_pct-0.7%-0.7%EDGK0.0%2%
202608nonmarketable_limit$20k–$50k • ODDspeed_1s0.82661.0000ALPX0.84902%
202608nonmarketable_limit$20k–$50k • ROUNDfill_rate0.3%100.0%DWFT0.3%2%
202608nonmarketable_limit$20k–$50k • ROUNDpi_rate99.0%100.0%AEFA100.0%2%
202608nonmarketable_limit$20k–$50k • ROUNDnpi_bps8.2 bps96.0 bpsEDGJ9.6 bps2%
202608nonmarketable_limit$20k–$50k • ROUNDefq_pct27977.5%-180.5%TLQNA22.5%2%
202608nonmarketable_limit$20k–$50k • ROUNDeff_sprd785.8164-0.0008MOAT0.04432%
202608nonmarketable_limit$20k–$50k • ROUNDeff_sprd_pct46.5%-0.1%JPBD0.1%2%
202608nonmarketable_limit$20k–$50k • ROUNDreal_sprd_15s-20.6051-20.6051EDGK0.00732%
202608nonmarketable_limit$20k–$50k • ROUNDreal_sprd_15s_pct-1.6%-1.6%EDGK0.0%2%
202608nonmarketable_limit$20k–$50k • ROUNDreal_sprd_1m-23.5172-23.5172EDGK0.00912%
202608nonmarketable_limit$20k–$50k • ROUNDreal_sprd_1m_pct-1.7%-1.7%EDGK0.0%2%
202608nonmarketable_limit$20k–$50k • ROUNDspeed_1s0.60341.0000CODX0.35302%
202608nonmarketable_limit$50k–$200k • ROUNDfill_rate0.2%100.0%DWFT0.2%2%
202608nonmarketable_limit$50k–$200k • ROUNDpi_rate99.0%100.0%AEFA100.0%2%
202608nonmarketable_limit$50k–$200k • ROUNDnpi_bps11.1 bps78.7 bpsEDGJ8.7 bps2%
202608nonmarketable_limit$50k–$200k • ROUNDefq_pct32584.9%-29.8%TLQNA25.2%2%
202608nonmarketable_limit$50k–$200k • ROUNDeff_sprd711.4838-0.0567TLQNA0.03702%
202608nonmarketable_limit$50k–$200k • ROUNDeff_sprd_pct37.0%-0.0%CHAS0.1%2%
202608nonmarketable_limit$50k–$200k • ROUNDreal_sprd_15s6.8640-0.8650MOAT0.00822%
202608nonmarketable_limit$50k–$200k • ROUNDreal_sprd_15s_pct-1.2%-1.2%EDGK0.0%2%
202608nonmarketable_limit$50k–$200k • ROUNDreal_sprd_1m6.2019-0.9667MOAT0.00962%
202608nonmarketable_limit$50k–$200k • ROUNDreal_sprd_1m_pct-1.3%-1.3%EDGK0.0%2%
202608nonmarketable_limit$50k–$200k • ROUNDspeed_1s0.56921.0000CODX0.37592%
202608nonmarketable_limit≥$200k • ROUNDfill_rate0.2%96.1%OLDM0.2%2%
202608nonmarketable_limit≥$200k • ROUNDpi_rate98.8%100.0%AEFA100.0%2%
202608nonmarketable_limit≥$200k • ROUNDnpi_bps8.1 bps67.0 bpsBATS6.6 bps2%
202608nonmarketable_limit≥$200k • ROUNDefq_pct39535.4%-81.5%TLQNA23.6%2%
202608nonmarketable_limit≥$200k • ROUNDeff_sprd1608.0026-0.0308TLQNA0.04092%
202608nonmarketable_limit≥$200k • ROUNDeff_sprd_pct28.7%-0.0%MSRP0.0%2%
202608nonmarketable_limit≥$200k • ROUNDreal_sprd_15s47.3357-0.1428EDGJ0.00882%
202608nonmarketable_limit≥$200k • ROUNDreal_sprd_15s_pct-1.4%-1.4%EDGK0.0%2%
202608nonmarketable_limit≥$200k • ROUNDreal_sprd_1m49.5880-0.1391STFX0.00462%
202608nonmarketable_limit≥$200k • ROUNDreal_sprd_1m_pct-1.3%-1.3%EDGK-0.0%2%
202608nonmarketable_limit≥$200k • ROUNDspeed_1s0.54811.0000CODX0.32432%

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.

Download CSV ↓
MonthVenueOrder ClassRoute %606 Net PFOF (¢/100)NPI (bps)Peer Bench (bps)Delta (bps)Ref PriceDelta (¢/100 sh)Conflict Flag
202608Nasdaq Stock Marketmarket———————No conflict
202608Nasdaq Stock Marketmarketable_limit0.0%——————No conflict
202608Nasdaq Stock Marketnonmarketable_limit97.3%29.64 ¢—————No conflict
202608NYSE American (AXASE)market———————No conflict
202608NYSE American (AXASE)marketable_limit0.0%——————No conflict
202608NYSE American (AXASE)nonmarketable_limit85.5%——————No conflict
202608Nasdaq Stock Marketmarket———————No conflict
202608Nasdaq Stock Marketmarketable_limit5.6%-15.50 ¢—————No conflict
202608Nasdaq Stock Marketnonmarketable_limit9.0%26.71 ¢—————No conflict
202608CBOE EDGX Exchange (EDGK)market——14.8 bps-0.9 bps15.7 bps$36.79579.07 ¢No conflict
202608CBOE EDGX Exchange (EDGK)marketable_limit1.6%-30.00 ¢-27.1 bps-2.9 bps-24.2 bps$22.81-553.08 ¢No conflict
202608CBOE EDGX Exchange (EDGK)nonmarketable_limit2.2%16.00 ¢3.8 bps156.6 bps-152.7 bps$919.77-140473.57 ¢ PFOF > 0 • Quality < Peers

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.

Download CSV ↓
SectionVenueType of ChangeOrder ClassPrior ValueCurrent ValueNet Shift
sp500CBOE EDGX Exchangedropped—8.48 ¢——
sp500HRT Execution Services LLCdropped—1.42 ¢——
sp500IBKR ATSdropped—8.21 ¢——
sp500Nasdaq Stock Marketroute_share—51.87 ¢92.04 ¢40.17 ¢
sp500Nasdaq Stock Marketpfof_ratemarketable_limit25.88 ¢8.63 ¢-17.25 ¢
sp500Nasdaq Stock Marketpfof_ratenon_marketable_limit34.62 ¢30.29 ¢-4.32 ¢
sp500New York Stock Exchangedropped—22.21 ¢——
other_stocksNYSE Arcaroute_share—21.69 ¢4.20 ¢-17.48 ¢
other_stocksNYSE Arcapfof_ratemarketable_limit-12.75 ¢-20.45 ¢-7.70 ¢
other_stocksNYSE Arcapfof_ratenon_marketable_limit22.57 ¢23.12 ¢0.55 ¢
other_stocksCBOE BZX Exchangepfof_ratemarketable_limit-30.00 ¢-29.87 ¢0.13 ¢
other_stocksCBOE BZX Exchangepfof_ratenon_marketable_limit-13.00 ¢——
other_stocksCODAdropped—2.24 ¢——
other_stocksCBOE EDGX Exchangeroute_share—14.52 ¢8.72 ¢-5.80 ¢
other_stocksHRT Execution Services LLCdropped—2.85 ¢——
other_stocksIEXpfof_ratemarketable_limit-10.00 ¢——
other_stocksIEXdropped—0.48 ¢——
other_stocksMEMX LLCdropped—0.64 ¢——
other_stocksBlue Ocean ATS, LLCadded——0.56 ¢—
other_stocksUBS ATSdropped—2.08 ¢——
other_stocksVirtu Americas LLC "PRO"dropped—2.70 ¢——
other_stocksNYSE Americanadded——27.03 ¢—
other_stocksNasdaq Stock Marketroute_share—11.63 ¢31.80 ¢20.17 ¢
other_stocksNasdaq Stock Marketpfof_ratemarketable_limit-15.43 ¢-22.50 ¢-7.07 ¢
other_stocksNasdaq Stock Marketpfof_ratenon_marketable_limit25.99 ¢13.68 ¢-12.31 ¢
other_stocksNasdaq Stock Marketpfof_rateother-8.43 ¢——
other_stocksNew York Stock Exchangeroute_share—12.43 ¢4.35 ¢-8.09 ¢
other_stocksNew York Stock Exchangepfof_ratemarketable_limit-13.33 ¢-30.00 ¢-16.67 ¢
other_stocksNew York Stock Exchangepfof_ratenon_marketable_limit18.70 ¢10.50 ¢-8.20 ¢
other_stocksXTX Execution Services LLCpfof_ratenon_marketable_limit—0.00 ¢—
optionsNYSE Arca Optionspfof_rateother—75.00 ¢—
optionsCboe BZX Options Exchangeroute_share—8.33 ¢2.91 ¢-5.42 ¢
optionsCboe BZX Options Exchangepfof_rateother—80.00 ¢—
optionsCBOE C2 Exchangepfof_rateother—75.00 ¢—
optionsMIAX Emerald Exchangepfof_rateother—60.00 ¢—
optionsMIAX Sapphirepfof_rateother—71.00 ¢—
optionsMEMX LLC OPTIONSadded——3.60 ¢—
optionsNasdaq ISEroute_share—71.60 ¢58.54 ¢-13.07 ¢
optionsNasdaq PHLXadded——18.06 ¢—

6. Coverage, Exclusions & Standing Limitations

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

Suppressed Cells
17
Cells with < 100 covered orders
Unmapped Venues
3
606 destinations without 605 match
Challenged / Missing 605
7
Venues missing monthly 605 report

Unmapped Routing Destinations:

IEX (IEXD), Blue Ocean ATS, LLC (OCEA), Nasdaq Stock Market (XNAS)

Unretrievable 605 File Hosts:

  • (NXNYS):file_missing
  • (CDRG):host_challenge
  • (IATS):no_benchmark_rows
  • (CDED):host_challenge
  • (IBCO):host_challenge
  • (AXASE):file_missing
  • (PARCAX):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.