NWS
Rule 605 Market Center ComparisonReport Month: 202608 •
Build ID: 202608-20261001T134852Z •
Market Centers: 117 •
Total Executed Volume: 4,756,061 shares
Listing (Nasdaq Trader)
Exchange: Nasdaq (Q)
Round Lot: 100 shares
Market Center Execution Quality on NWS
Sorted by total executed share volume across all order classes for month 202608.
| Market Center | Class | Covered Orders | Covered Shares | Executed Shares | Share of Vol | Fill Rate | PI Rate | NPI (bps) | Eff Spread % | Speed <1s |
|---|---|---|---|---|---|---|---|---|---|---|
| ARCX(ARCX) | marketable_limit | 75,053 | 10,949,740 | 1,858,506 | 39.1% | 17.0% | 7.3% | 0.0 bps | 0.04% | 99.7% |
| Cboe BZX Exchange(BATS) | marketable_limit | 227,748 | 38,635,227 | 789,923 | 16.6% | 2.0% | 9.6% | -10.1 bps | 0.55% | 77.9% |
| Investors Exchange(IEXG) | marketable_limit | 41,349 | 7,147,522 | 613,455 | 12.9% | 8.6% | 5.7% | 0.1 bps | 0.05% | 99.8% |
| Cboe EDGX Exchange(EDGK) | marketable_limit | 177,790 | 29,380,261 | 290,842 | 6.1% | 1.0% | 12.1% | -11.0 bps | 0.62% | 77.2% |
| XNYS(XNYS) | marketable_limit | 41,516 | 3,565,792 | 258,185 | 5.4% | 7.2% | 21.0% | 0.3 bps | 0.04% | 99.8% |
| XCIS(XCIS) | marketable_limit | 30,296 | 2,561,235 | 122,729 | 2.6% | 4.8% | 4.6% | 0.0 bps | 0.04% | 100.0% |
| Cboe BYX Exchange(BYXX) | marketable_limit | 123,134 | 24,382,623 | 119,169 | 2.5% | 0.5% | 5.9% | -7.7 bps | 0.61% | 79.0% |
| UBS ATS(UBSA) | marketable_limit | 2,853 | 299,780 | 73,139 | 1.5% | 24.4% | 5.5% | 0.1 bps | 0.06% | 100.0% |
| Cboe EDGA Exchange(EDGJ) | marketable_limit | 118,258 | 23,773,764 | 69,813 | 1.5% | 0.3% | 17.8% | -11.5 bps | 0.50% | 77.0% |
| VIRTU AMERICAS LLC(KCGM) | marketable_limit | 10,581 | 1,523,148 | 50,333 | 1.1% | 3.3% | 3.7% | 0.1 bps | 0.05% | 100.0% |
| XTX Execution Services LLC(XTXE) | marketable_limit | 7,149 | 5,267,333 | 48,069 | 1.0% | 0.9% | 83.3% | 3.2 bps | 0.02% | 100.0% |
| Virtu Americas LLC(NITE) | market | 820 | 44,369 | 42,745 | 0.9% | 96.3% | 95.0% | 2.3 bps | 0.01% | 100.0% |
| Instinct X(MLIX) | marketable_limit | 23,606 | 3,810,021 | 42,207 | 0.9% | 1.1% | 9.6% | 0.1 bps | 0.05% | 99.0% |
| VIRTU AMERICAS LLC(NITQ) | marketable_limit | 1,605 | 113,078 | 36,576 | 0.8% | 32.3% | 32.3% | 0.3 bps | 0.04% | 100.0% |
| JUMP EXECUTION, LLC(JSDP) | marketable_limit | 537 | 57,515 | 36,100 | 0.8% | 62.8% | 40.6% | 1.2 bps | 0.04% | 100.0% |
| HRT FINANCIAL LP(HRTS) | marketable_limit | 349 | 44,756 | 35,340 | 0.7% | 79.0% | 49.8% | 0.2 bps | 0.05% | 100.0% |
| G1 Execution Services(ETMM) | market | 290 | 31,618 | 31,618 | 0.7% | 100.0% | 100.0% | 2.8 bps | 0.01% | 100.0% |
| XASE(XASE) | marketable_limit | 4,212 | 707,759 | 28,440 | 0.6% | 4.0% | 2.5% | -0.2 bps | 0.04% | 100.0% |
| INTERACTIVE BROKERS LLC(IBBD) | marketable_limit | 0 | 25,441 | 25,441 | 0.5% | 100.0% | 68.4% | 2.1 bps | 0.03% | 43.3% |
| INTERACTIVE BROKERS LLC(IBAT) | marketable_limit | 413 | 23,539 | 23,259 | 0.5% | 98.8% | 92.0% | 3.9 bps | 0.05% | 100.0% |
| HRT Financial LP(HRTF) | market | 349 | 21,847 | 21,326 | 0.4% | 97.6% | 93.2% | 2.4 bps | 0.02% | 100.0% |
| CITIGROUP GLOBAL MARKETS INC.(ONEC) | marketable_limit | 13,159 | 1,713,413 | 19,339 | 0.4% | 1.1% | 10.9% | 0.1 bps | 0.06% | 98.4% |
| NATIONAL FINANCIAL SERVICES LLC(XSTM) | marketable_limit | 530 | 99,840 | 17,147 | 0.4% | 17.2% | 1.2% | 0.0 bps | 0.05% | 100.0% |
| TWO SIGMA SECURITIES, LLC(SOHW) | market | 84 | 16,362 | 16,362 | 0.3% | 100.0% | 50.6% | -0.2 bps | 0.05% | 100.0% |
| JANE STREET CAPITAL, LLC(JSJX) | marketable_limit | 136 | 43,660 | 15,985 | 0.3% | 36.6% | 28.6% | 0.4 bps | 0.09% | 100.0% |
| JANE STREET CAPITAL, LLC(JNST) | market | 345 | 14,576 | 12,809 | 0.3% | 87.9% | 98.9% | 2.6 bps | 0.02% | 100.0% |
| J.P. MORGAN SECURITIES LLC(JPMX) | marketable_limit | 9,302 | 1,078,563 | 11,030 | 0.2% | 1.0% | 16.6% | 0.1 bps | 0.05% | 100.0% |
| VIRTU AMERICAS LLC(ITGP) | marketable_limit | 1,704 | 187,155 | 10,075 | 0.2% | 5.4% | 0.0% | 0.0 bps | 0.05% | 100.0% |
| INTERACTIVE BROKERS LLC(IBBD) | market | 0 | 9,777 | 9,777 | 0.2% | 100.0% | 83.4% | 4.2 bps | 0.07% | 49.9% |
| Virtu Americas LLC(NITE) | marketable_limit | 721 | 5,882 | 5,837 | 0.1% | 99.2% | 88.5% | 1.3 bps | 0.03% | 99.8% |
| SG AMERICAS SECURITIES, LLC(SGSD) | marketable_limit | 100 | 5,802 | 4,162 | 0.1% | 71.7% | 46.8% | 0.3 bps | 0.04% | 100.0% |
| StoneX Financial, Inc.(INTL) | market | 57 | 4,144 | 4,144 | 0.1% | 100.0% | 100.0% | 1.9 bps | 0.01% | 100.0% |
| UBS SECURITIES, LLC(UBSS) | market | 52 | 2,233 | 2,174 | 0.0% | 97.4% | 100.0% | 0.8 bps | 0.03% | 100.0% |
| HRT Financial LP(HRTF) | marketable_limit | 214 | 2,149 | 2,090 | 0.0% | 97.3% | 89.4% | 2.8 bps | -0.00% | 100.0% |
| G1 Execution Services(ETMM) | marketable_limit | 12 | 1,856 | 1,856 | 0.0% | 100.0% | 100.0% | 5.1 bps | 0.00% | 100.0% |
| LATOUR TRADING LLC(XGWD) | marketable_limit | 12 | 1,182 | 1,182 | 0.0% | 100.0% | 100.0% | 0.5 bps | 0.09% | 100.0% |
| JANE STREET CAPITAL, LLC(JNST) | marketable_limit | 22 | 1,152 | 1,151 | 0.0% | 99.9% | 99.9% | 3.1 bps | 0.07% | 100.0% |
| StoneX Financial, Inc.(INTL) | marketable_limit | 3 | 879 | 879 | 0.0% | 100.0% | 100.0% | 0.6 bps | 0.02% | 100.0% |
| TLQNA(TLQNA) | marketable_limit | 212 | 253,261 | 800 | 0.0% | 0.3% | 100.0% | 1.4 bps | 0.00% | 100.0% |
| ALPHAX US(ALPX) | marketable_limit | 1,447 | 318,144 | 527 | 0.0% | 0.2% | 0.6% | -1.1 bps | 0.10% | 100.0% |
| GTS SECURITIES LLC(GTSM) | market | 52 | 2,721 | 275 | 0.0% | 10.1% | 98.1% | 3.0 bps | 0.06% | 100.0% |
| J.P. MORGAN SECURITIES LLC(JPBD) | market | 92 | 3,267 | 253 | 0.0% | 7.7% | 98.4% | 2.4 bps | -0.02% | 70.7% |
| J.P. MORGAN SECURITIES LLC(JPDA) | market | 5 | 251 | 251 | 0.0% | 100.0% | 100.0% | 4.2 bps | -0.03% | 100.0% |
| TWO SIGMA SECURITIES, LLC(SOHW) | marketable_limit | 6 | 199 | 199 | 0.0% | 100.0% | 99.5% | 1.9 bps | 0.02% | 100.0% |
| ARCX(ARCX) | market | 2 | 113 | 113 | 0.0% | 100.0% | 1.8% | 0.1 bps | 0.03% | 100.0% |
| DRIVEWEALTH, LLC(DWFT) | marketable_limit | 2 | 79 | 79 | 0.0% | 100.0% | 100.0% | 3.1 bps | 0.36% | 100.0% |
| DRIVEWEALTH, LLC(DWWT) | marketable_limit | 2 | 79 | 79 | 0.0% | 100.0% | 100.0% | 3.1 bps | 0.36% | 100.0% |
| ALLY INVEST SECURITIES LLC(TKNG) | market | 1 | 60 | 60 | 0.0% | 100.0% | 100.0% | 0.0 bps | 0.06% | 0.0% |
| BofA Securities, Inc.(MLCO) | market | 7 | 322 | 30 | 0.0% | 9.3% | 82.9% | 1.8 bps | 0.03% | 100.0% |
| VIRTU AMERICAS LLC(NITQ) | market | 4 | 33 | 30 | 0.0% | 90.9% | 100.0% | 4.4 bps | 0.00% | 100.0% |
| MORGAN STANLEY & CO. LLC(MSCO) | market | 33 | 872 | 20 | 0.0% | 2.3% | 99.8% | 1.8 bps | 0.02% | 100.0% |
| NATIONAL FINANCIAL SERVICES LLC(NFSC) | market | 353 | 26,860 | 18 | 0.0% | 0.1% | 91.2% | 2.8 bps | -0.01% | 95.9% |
| NATIONAL FINANCIAL SERVICES LLC(NFSF) | market | 64 | 21 | 18 | 0.0% | 87.9% | 100.0% | 2.5 bps | -0.00% | 100.0% |
| CITIGROUP GLOBAL MARKETS INC.(SBSH) | marketable_limit | 5 | 2,020 | 18 | 0.0% | 0.9% | 0.0% | 0.0 bps | 0.09% | 100.0% |
| INTERACTIVE BROKERS CORP.(IBFR) | marketable_limit | 0 | 18 | 18 | 0.0% | 99.8% | 22.4% | 1.8 bps | 0.06% | 99.8% |
| FIDELITY BROKERAGE SERVICES LLC(FIBS) | market | 233 | 17,144 | 18 | 0.0% | 0.1% | 100.0% | 3.7 bps | -0.01% | 93.8% |
| CHARLES SCHWAB & CO., INC.(CHAS) | market | 645 | 93,739 | 11 | 0.0% | 0.0% | 91.3% | 2.5 bps | 0.02% | 100.0% |
| UBS SECURITIES, LLC(UBSS) | marketable_limit | 1 | 10 | 10 | 0.0% | 100.0% | 0.0% | 0.0 bps | 0.58% | 100.0% |
| XNYS(XNYS) | market | 1 | 6 | 6 | 0.0% | 100.0% | 0.0% | 0.0 bps | 0.09% | 100.0% |
| HRT FINANCIAL LP(HRTS) | market | 2 | 3 | 3 | 0.0% | 100.0% | 100.0% | 2.9 bps | 0.00% | 100.0% |
| JANE STREET CAPITAL, LLC(JSJX) | market | 4 | 64 | 3 | 0.0% | 4.7% | 100.0% | 3.1 bps | 0.00% | 100.0% |
| TWO SIGMA SECURITIES, LLC(SOHS) | marketable_limit | 94 | 15,381 | 3 | 0.0% | 0.0% | 0.0% | 0.0 bps | 0.03% | 100.0% |
| J.P. MORGAN SECURITIES LLC(JPMS) | market | 3 | 68 | 2 | 0.0% | 2.9% | 100.0% | 3.8 bps | -0.02% | 25.0% |
| CHARLES SCHWAB & CO., INC.(CHAS) | marketable_limit | 68 | 7,040 | 1 | 0.0% | 0.0% | 100.0% | 5.2 bps | 0.01% | 99.4% |
| FIDELITY BROKERAGE SERVICES LLC(FIBS) | marketable_limit | 14 | 522 | 1 | 0.0% | 0.1% | 100.0% | 2.7 bps | 0.00% | 100.0% |
| NATIONAL FINANCIAL SERVICES LLC(NFSC) | marketable_limit | 14 | 522 | 1 | 0.0% | 0.1% | 100.0% | 2.7 bps | 0.00% | 100.0% |
| NATIONAL FINANCIAL SERVICES LLC(NFSF) | marketable_limit | 3 | 1 | 1 | 0.0% | 100.0% | 100.0% | 1.4 bps | 0.00% | 100.0% |
| AMERIPRISE FINANCIAL SERVICES, LLC(AEFA) | market | 12 | 571 | 0 | 0.0% | — | 100.0% | 3.0 bps | — | 100.0% |
| ALTRUIST FINANCIAL LLC(ALTR) | market | 88 | 23,579 | 0 | 0.0% | — | 93.8% | 2.5 bps | — | 100.0% |
| APEX CLEARING CORPORATION(APCC) | market | 265 | 3,510 | 0 | 0.0% | — | 91.0% | 1.6 bps | — | 100.0% |
| APEX CLEARING CORPORATION(APCC) | marketable_limit | 5 | 100 | 0 | 0.0% | — | 90.0% | 4.6 bps | — | 100.0% |
| &PARTNERS(APRT) | market | 2 | 10 | 0 | 0.0% | — | 100.0% | 1.6 bps | — | 100.0% |
| ROBERT W. BAIRD & CO. INCORPORATED(BARD) | market | 21 | 326 | 0 | 0.0% | — | 63.8% | 0.7 bps | — | 72.7% |
| Cboe BZX Exchange(BATS) | market | 457 | 45,700 | 0 | 0.0% | — | — | — | — | — |
| CODA MARKETS, INC.(CODX) | marketable_limit | 33 | 10,862 | 0 | 0.0% | — | 0.0% | 0.0 bps | — | 100.0% |
| ROBINHOOD FINANCIAL, LLC(CRFN) | market | 212 | 6,237 | 0 | 0.0% | — | 99.1% | 2.8 bps | — | 100.0% |
| ROBINHOOD FINANCIAL, LLC(CRFN) | marketable_limit | 11 | 174 | 0 | 0.0% | — | 99.8% | 1.7 bps | — | 100.0% |
| DAVIDSON (D.A.) & CO. INC.(DADA) | market | 2 | 29 | 0 | 0.0% | — | 100.0% | 0.0 bps | — | 100.0% |
| RBC CAPITAL MARKETS, LLC(DAIN) | market | 2 | 81 | 0 | 0.0% | — | 100.0% | 1.0 bps | — | 100.0% |
| Cboe EDGA Exchange(EDGJ) | market | 3 | 300 | 0 | 0.0% | — | — | — | — | — |
| Edward Jones(EDJO) | market | 40 | 915 | 0 | 0.0% | — | 100.0% | 2.9 bps | — | 100.0% |
| FUTU CLEARING INC(FUTC) | market | 8 | 238 | 0 | 0.0% | — | 100.0% | 2.5 bps | — | 100.0% |
| FUTU CLEARING INC(FUTC) | marketable_limit | 2 | 15 | 0 | 0.0% | — | 100.0% | 2.0 bps | — | 100.0% |
| FUTU CLEARING INC(FUTF) | market | 2 | 1 | 0 | 0.0% | — | — | — | — | — |
| MOOMOO FINANCIAL INC.(FUTM) | market | 3 | 225 | 0 | 0.0% | — | 100.0% | 1.3 bps | — | 100.0% |
| GTS SECURITIES LLC(GTSM) | marketable_limit | 25 | 354 | 0 | 0.0% | — | 97.2% | 3.1 bps | — | 100.0% |
| ROBINHOOD SECURITIES, LLC(HOOD) | market | 285 | 6,354 | 0 | 0.0% | — | 99.1% | 2.9 bps | — | 100.0% |
| ROBINHOOD SECURITIES, LLC(HOOD) | marketable_limit | 11 | 174 | 0 | 0.0% | — | 99.8% | 1.7 bps | — | 100.0% |
| AMERICAN ENTERPRISE INVESTMENT SERVICES INC.(HRBF) | market | 12 | 571 | 0 | 0.0% | — | 100.0% | 3.0 bps | — | 100.0% |
| JANNEY MONTGOMERY SCOTT LLC(JANY) | market | 1 | 8 | 0 | 0.0% | — | 100.0% | 4.6 bps | — | 100.0% |
| J.P. MORGAN SECURITIES LLC(JPBD) | marketable_limit | 2 | 20 | 0 | 0.0% | — | 100.0% | 3.1 bps | — | 100.0% |
| AXOS CLEARING LLC(LGNT) | market | 1 | 65 | 0 | 0.0% | — | 100.0% | 0.0 bps | — | 100.0% |
| BofA Securities, Inc.(MLCO) | marketable_limit | 2 | 424 | 0 | 0.0% | — | 100.0% | 1.6 bps | — | 100.0% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED(MLWM) | market | 54 | 2,585 | 0 | 0.0% | — | 88.7% | 1.7 bps | — | 84.8% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED(MLWM) | marketable_limit | 2 | 424 | 0 | 0.0% | — | 100.0% | 1.6 bps | — | 50.0% |
| MOSAIC ATS(MOAT) | marketable_limit | 1 | 200 | 0 | 0.0% | — | — | — | — | — |
| MORGAN STANLEY & CO. LLC(MSPL) | marketable_limit | 1,259 | 169,800 | 0 | 0.0% | — | 22.0% | 0.5 bps | — | 100.0% |
| MORGAN STANLEY & CO. LLC(MSRP) | marketable_limit | 1 | 25 | 0 | 0.0% | — | 100.0% | 1.5 bps | — | 100.0% |
| NOMAD INVESTMENT SERVICES(NOMA) | market | 3 | 15 | 0 | 0.0% | — | 100.0% | 1.3 bps | — | 100.0% |
| OPPENHEIMER & CO. INC.(OPCO) | marketable_limit | 1 | 800 | 0 | 0.0% | — | 100.0% | 0.5 bps | — | 100.0% |
| UBS FINANCIAL SERVICES INC.(PWJC) | market | 94 | 5,264 | 0 | 0.0% | — | 97.9% | 2.9 bps | — | 100.0% |
| ROCKEFELLER FINANCIAL LLC(ROCK) | market | 3 | 128 | 0 | 0.0% | — | 100.0% | 7.7 bps | — | 100.0% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED(SFBD) | market | 6 | 327 | 0 | 0.0% | — | 100.0% | 1.7 bps | — | 100.0% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED(SFMM) | market | 5 | 252 | 0 | 0.0% | — | 100.0% | 1.3 bps | — | 100.0% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED(STFX) | marketable_limit | 1 | 109 | 0 | 0.0% | — | — | — | — | — |
| STASH CAPITAL LLC(STSH) | market | 71 | 74 | 0 | 0.0% | — | 86.5% | 2.3 bps | — | 100.0% |
| TRADE-PMR INC.(TPMR) | market | 2 | 161 | 0 | 0.0% | — | 100.0% | 3.1 bps | — | 100.0% |
| TRADE-PMR INC.(TPMR) | marketable_limit | 5 | 131 | 0 | 0.0% | — | 0.0% | -5.7 bps | — | 100.0% |
| OPEN TO THE PUBLIC INVESTING, INC.(TTSI) | market | 23 | 36 | 0 | 0.0% | — | 100.0% | 3.3 bps | — | 100.0% |
| TASTYTRADE, INC.(TWTT) | market | 1 | 101 | 0 | 0.0% | — | 100.0% | 4.6 bps | — | 100.0% |
| TASTYTRADE, INC.(TWTT) | marketable_limit | 3 | 173 | 0 | 0.0% | — | 100.0% | 1.4 bps | — | 100.0% |
| VANGUARD MARKETING CORPORATION(VGRD) | market | 15 | 1,034 | 0 | 0.0% | — | 99.9% | 4.2 bps | — | 76.7% |
| VANGUARD MARKETING CORPORATION(VGRD) | marketable_limit | 6 | 2,278 | 0 | 0.0% | — | 100.0% | 14.0 bps | — | 100.0% |
| Virtu Americas, LLC(VIRT) | marketable_limit | 1 | 31 | 0 | 0.0% | — | — | — | — | — |
| WEBULL FINANCIAL LLC(WBUS) | market | 171 | 6,732 | 0 | 0.0% | — | 84.3% | 0.7 bps | — | 100.0% |
| WEBULL FINANCIAL LLC(WBUS) | marketable_limit | 6 | 43 | 0 | 0.0% | — | 100.0% | 1.9 bps | — | 100.0% |
| WEALTHFRONT BROKERAGE LLC(WLTH) | marketable_limit | 675 | 431 | 0 | 0.0% | — | 84.2% | 2.0 bps | — | 100.0% |