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NWSA

Rule 605 Market Center Comparison
Report Month: 202608 • Build ID: 202608-20261001T134852Z • Market Centers: 131 • Total Executed Volume: 17,014,159 shares
Listing (Nasdaq Trader)
Exchange: Nasdaq (Q)
Round Lot: 100 shares

Market Center Execution Quality on NWSA

Sorted by total executed share volume across all order classes for month 202608.

Market CenterClassCovered OrdersCovered SharesExecuted SharesShare of VolFill RatePI RateNPI (bps)Eff Spread %Speed <1s
ARCX(ARCX)marketable_limit161,99330,139,1614,629,48627.2%15.4%11.4%0.0 bps0.03%99.5%
Cboe BZX Exchange(BATS)marketable_limit545,44783,705,5273,373,19219.8%4.0%26.3%-8.6 bps0.36%80.3%
Investors Exchange(IEXG)marketable_limit106,75231,589,0102,728,55216.0%8.6%5.6%-0.2 bps0.04%100.0%
Cboe EDGX Exchange(EDGK)marketable_limit365,52556,415,4841,156,2916.8%2.0%16.8%-13.7 bps0.57%81.2%
XNYS(XNYS)marketable_limit102,23111,853,826995,1665.8%8.4%22.3%0.2 bps0.03%99.8%
Cboe BYX Exchange(BYXX)marketable_limit249,14641,551,408414,1412.4%1.0%16.5%-9.9 bps0.20%82.1%
VIRTU AMERICAS LLC(NITQ)marketable_limit5,5381,043,026332,6822.0%31.9%24.8%0.3 bps0.03%100.0%
Cboe EDGA Exchange(EDGJ)marketable_limit237,73537,940,232270,7101.6%0.7%21.0%-11.3 bps0.28%79.7%
Virtu Americas LLC(NITE)market1,639331,430256,8631.5%77.5%68.9%0.0 bps0.06%100.0%
XCIS(XCIS)marketable_limit101,87310,044,248256,3051.5%2.6%22.6%0.3 bps0.03%100.0%
HRT Financial LP(HRTF)market837260,304244,6481.4%94.0%72.3%-0.3 bps0.08%100.0%
G1 Execution Services(ETMM)market770242,329242,3291.4%100.0%80.3%1.3 bps0.04%100.0%
INTERACTIVE BROKERS LLC(IBBD)marketable_limit0271,478191,7371.1%70.6%21.1%-6.1 bps0.19%50.0%
HRT FINANCIAL LP(HRTS)marketable_limit956273,295172,2041.0%63.0%58.0%0.4 bps0.04%100.0%
XTX Execution Services LLC(XTXE)marketable_limit11,15619,121,986158,3130.9%0.8%84.7%2.2 bps0.01%100.0%
Instinct X(MLIX)marketable_limit46,2838,377,251147,5060.9%1.8%8.5%0.1 bps0.04%99.4%
JUMP EXECUTION, LLC(JSDP)marketable_limit1,107279,843128,8520.8%46.0%27.1%0.6 bps0.04%100.0%
INTERACTIVE BROKERS LLC(IBBD)market0124,795124,7950.7%100.0%63.2%0.2 bps0.04%40.8%
VIRTU AMERICAS LLC(KCGM)marketable_limit27,1635,737,433111,0420.7%1.9%7.3%0.1 bps0.04%100.0%
INTERACTIVE BROKERS LLC(IBAT)marketable_limit646120,596110,2170.6%91.4%41.6%1.2 bps0.03%100.0%
JANE STREET CAPITAL, LLC(JNST)market436139,620108,8290.6%77.9%61.6%-1.6 bps0.11%100.0%
G1 Execution Services(ETMM)marketable_limit63118,103108,6030.6%92.0%13.9%-13.7 bps0.32%50.2%
UBS ATS(UBSA)marketable_limit5,262712,19589,4830.5%12.6%10.8%0.2 bps0.04%100.0%
J.P. MORGAN SECURITIES LLC(JPMX)marketable_limit34,7974,675,75185,2700.5%1.8%23.5%0.6 bps0.03%99.5%
JANE STREET CAPITAL, LLC(JSJX)marketable_limit427458,07475,0490.4%16.4%22.0%0.1 bps0.08%100.0%
XASE(XASE)marketable_limit7,8401,264,97266,2380.4%5.2%5.6%0.0 bps0.03%100.0%
Virtu Americas LLC(NITE)marketable_limit1,612104,27363,9860.4%61.4%63.4%-0.4 bps0.08%76.8%
JANE STREET CAPITAL, LLC(JNST)marketable_limit3995,30760,6920.4%63.7%26.6%-0.5 bps0.06%39.6%
INTERACTIVE BROKERS CORP.(ISDP)marketable_limit060,31860,3130.4%100.0%99.7%0.4 bps0.05%100.0%
HRT Financial LP(HRTF)marketable_limit71443,11437,7250.2%87.5%57.3%1.2 bps0.04%100.0%
NATIONAL FINANCIAL SERVICES LLC(XSTM)marketable_limit975161,49836,0980.2%22.4%1.4%0.0 bps0.04%100.0%
TWO SIGMA SECURITIES, LLC(SOHW)market22024,82024,8200.1%100.0%94.0%1.4 bps0.02%100.0%
CITIGROUP GLOBAL MARKETS INC.(ONEC)marketable_limit8,5711,974,70922,4350.1%1.1%24.2%0.4 bps0.03%100.0%
VIRTU AMERICAS LLC(ITGP)marketable_limit3,8191,033,22822,0900.1%2.1%0.4%-0.0 bps0.12%100.0%
CITIGROUP GLOBAL MARKETS INC.(SBSH)marketable_limit319127,00520,9580.1%16.5%93.1%1.6 bps0.00%100.0%
UBS SECURITIES, LLC(UBSS)market12220,74220,0140.1%96.5%99.4%0.9 bps0.02%100.0%
SG AMERICAS SECURITIES, LLC(SGSD)marketable_limit13517,38815,8490.1%91.1%19.4%0.1 bps0.03%100.0%
TWO SIGMA SECURITIES, LLC(SOHW)marketable_limit1712,09712,0970.1%100.0%88.5%0.1 bps0.03%99.2%
StoneX Financial, Inc.(INTL)market11012,05512,0550.1%100.0%100.0%1.4 bps0.01%100.0%
TLQNA(TLQNA)marketable_limit1,53412,330,0507,6840.0%0.1%100.0%3.0 bps0.00%100.0%
BofA Securities, Inc.(MLCO)market399,3383,1360.0%33.6%98.9%2.5 bps0.01%100.0%
VIRTU AMERICAS LLC(NITQ)market163,6942,3350.0%63.2%100.0%2.0 bps0.00%100.0%
GTS SECURITIES LLC(GTSM)market21352,2431,9640.0%3.8%86.5%1.5 bps0.01%79.4%
STIFEL, NICOLAUS & COMPANY, INCORPORATED(STFX)marketable_limit31162,0341,9080.0%1.2%0.0%0.0 bps0.03%100.0%
ALPHAX US(ALPX)marketable_limit3,382980,0601,8140.0%0.2%0.5%-0.2 bps0.08%100.0%
Cboe EDGX Exchange(EDGK)market798,5001,8000.0%21.2%5.6%-9.4 bps1.01%44.4%
JUMP EXECUTION, LLC(JRET)market53,2931,7310.0%52.6%100.0%0.7 bps0.02%100.0%
TWO SIGMA SECURITIES, LLC(SOHS)marketable_limit363194,3071,2420.0%0.6%0.0%0.0 bps0.13%100.0%
JANE STREET CAPITAL, LLC(JSJX)market152,9184870.0%16.7%100.0%1.7 bps0.00%100.0%
Virtu Americas, LLC(VIRT)marketable_limit1336,3613860.0%1.1%51.2%0.1 bps0.04%100.0%
StoneX Financial, Inc.(INTL)marketable_limit43763760.0%100.0%100.0%1.3 bps0.01%100.0%
J.P. MORGAN SECURITIES LLC(JPBD)market943,6263480.0%9.6%98.4%1.8 bps-0.02%66.5%
J.P. MORGAN SECURITIES LLC(JPDA)market53463460.0%100.0%100.0%2.4 bps-0.02%100.0%
UBS SECURITIES, LLC(UBSS)marketable_limit92522510.0%99.6%90.1%1.2 bps0.01%100.0%
MORGAN STANLEY & CO. LLC(MSCO)market22619,9111810.0%0.9%97.2%0.6 bps0.02%100.0%
DRIVEWEALTH, LLC(DWFT)marketable_limit795950.0%100.0%100.0%2.5 bps0.12%100.0%
DRIVEWEALTH, LLC(DWWT)marketable_limit795950.0%100.0%100.0%2.5 bps0.12%100.0%
ALLY INVEST SECURITIES LLC(TKNG)market270700.0%100.0%100.0%1.6 bps0.00%0.0%
NATIONAL FINANCIAL SERVICES LLC(NFSC)market1,227588,004650.0%0.0%73.4%0.6 bps-0.00%94.1%
NATIONAL FINANCIAL SERVICES LLC(NFSF)market29098650.0%66.2%99.9%2.2 bps-0.00%100.0%
FIDELITY BROKERAGE SERVICES LLC(FIBS)market951556,541640.0%0.0%72.1%0.5 bps-0.01%97.6%
INTERACTIVE BROKERS CORP.(IBFR)marketable_limit019190.0%100.0%18.0%0.2 bps0.06%97.8%
Cboe BZX Exchange(BATS)market48948,815150.0%0.0%100.0%37.3 bps0.67%100.0%
CHARLES SCHWAB & CO., INC.(CHAS)market1,540532,679140.0%0.0%76.9%0.8 bps0.01%96.5%
J.P. MORGAN SECURITIES LLC(JPMX)market112120.0%100.0%100.0%1.8 bps0.00%100.0%
ARCX(ARCX)market1660.0%100.0%0.0%0.0 bps0.06%100.0%
NATIONAL FINANCIAL SERVICES LLC(NFSF)marketable_limit6430.0%72.8%100.0%4.9 bps-0.04%100.0%
FIDELITY BROKERAGE SERVICES LLC(FIBS)marketable_limit49109,30630.0%0.0%13.4%-13.8 bps-0.01%55.4%
NATIONAL FINANCIAL SERVICES LLC(NFSC)marketable_limit49109,20730.0%0.0%13.4%-13.9 bps-0.01%65.4%
Canaccord Genuity Inc.(CSTI)market2420.0%50.0%50.0%0.0 bps0.03%100.0%
J.P. MORGAN SECURITIES LLC(JPMS)market42520.0%8.0%100.0%1.7 bps-0.01%75.0%
EDWARD JONES(EDJF)market3110.0%100.0%76.4%1.3 bps0.01%100.0%
Edward Jones(EDJO)market10214,82110.0%0.0%88.9%1.7 bps0.01%100.0%
GREEN PIER FINTECH LLC(PIER)market1110.0%100.0%100.0%0.4 bps0.03%100.0%
FUTU CLEARING INC(FUTC)market351,40200.0%0.0%100.0%0.9 bps0.73%100.0%
FUTU CLEARING INC(FUTF)market4200.0%14.8%0.0%0.0 bps0.73%100.0%
AMERIPRISE FINANCIAL SERVICES, LLC(AEFA)market752,92900.0%0.0%99.6%2.0 bps0.01%100.0%
AMERICAN ENTERPRISE INVESTMENT SERVICES INC.(AEIS)market1000.0%100.0%100.0%1.4 bps0.01%100.0%
ALTRUIST FINANCIAL LLC(ALTR)market1173,63900.0%—100.0%1.0 bps—100.0%
APEX CLEARING CORPORATION(APCC)market4319,23100.0%—97.2%0.9 bps—100.0%
APEX CLEARING CORPORATION(APCC)marketable_limit1268500.0%—100.0%1.8 bps—100.0%
&PARTNERS(APRT)market1400.0%—100.0%1.7 bps—100.0%
ROBERT W. BAIRD & CO. INCORPORATED(BARD)market2045300.0%—77.9%0.7 bps—79.0%
CHARLES SCHWAB & CO., INC.(CHAS)marketable_limit272409,46600.0%—53.1%-0.0 bps—70.9%
CODA MARKETS, INC.(CODX)marketable_limit254101,85500.0%—0.0%-0.5 bps—100.0%
ROBINHOOD FINANCIAL, LLC(CRFN)market28313,04800.0%—33.2%0.2 bps—100.0%
ROBINHOOD FINANCIAL, LLC(CRFN)marketable_limit2924100.0%—91.7%0.8 bps—100.0%
DAVIDSON (D.A.) & CO. INC.(DADA)market22500.0%—100.0%1.8 bps—100.0%
RBC CAPITAL MARKETS, LLC(DAIN)market141,78900.0%—100.0%2.3 bps—100.0%
ETORO USA SECURITIES INC.(ETOR)market2100.0%—100.0%0.8 bps—100.0%
FUTU CLEARING INC(FUTC)marketable_limit51,18800.0%—100.0%0.3 bps—100.0%
MOOMOO FINANCIAL INC.(FUTM)market271,36700.0%—100.0%0.8 bps—100.0%
MOOMOO FINANCIAL INC.(FUTM)marketable_limit15000.0%—100.0%1.7 bps—100.0%
GTS SECURITIES LLC(GTSM)marketable_limit789,69700.0%—23.6%5.7 bps—100.0%
ROBINHOOD SECURITIES, LLC(HOOD)market35313,29400.0%—33.8%0.2 bps—100.0%
ROBINHOOD SECURITIES, LLC(HOOD)marketable_limit2924100.0%—91.7%0.8 bps—100.0%
AMERICAN ENTERPRISE INVESTMENT SERVICES INC.(HRBF)market742,92300.0%—99.6%2.0 bps—100.0%
HRT FINANCIAL LP(HRTS)market321600.0%—————
JANNEY MONTGOMERY SCOTT LLC(JANY)market181,94200.0%—100.0%1.2 bps—100.0%
AXOS CLEARING LLC(LGNT)market314600.0%—100.0%0.5 bps—100.0%
AXOS CLEARING LLC(LGNT)marketable_limit418200.0%—100.0%11.8 bps—100.0%
BofA Securities, Inc.(MLCO)marketable_limit31,03200.0%—0.2%0.0 bps—100.0%
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED(MLWM)market27129,13100.0%—86.7%1.7 bps—57.4%
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED(MLWM)marketable_limit31,03200.0%—0.2%0.0 bps—99.8%
MOSAIC ATS(MOAT)marketable_limit670000.0%—————
MORGAN STANLEY & CO. LLC(MSPL)marketable_limit2,474481,90000.0%—12.9%0.2 bps—100.0%
MORGAN STANLEY & CO. LLC(MSRP)marketable_limit5029,26900.0%—91.5%8.2 bps—100.0%
BETTERMENT SECURITIES(MTGO)marketable_limit33500.0%—100.0%0.7 bps—100.0%
NOMAD INVESTMENT SERVICES(NOMA)market42900.0%—100.0%0.8 bps—100.0%
NYLIFE SECURITIES LLC(NYLS)market13100.0%—100.0%1.6 bps—100.0%
UBS FINANCIAL SERVICES INC.(PWJC)market19448,86500.0%—33.9%-12.3 bps—79.7%
RBC CAPITAL MARKETS, LLC(RBCM)marketable_limit111000.0%—83.3%6.0 bps—0.0%
ROCKEFELLER FINANCIAL LLC(ROCK)market418600.0%—100.0%1.6 bps—100.0%
STIFEL, NICOLAUS & COMPANY, INCORPORATED(SFBD)market34200.0%—100.0%1.5 bps—100.0%
STIFEL, NICOLAUS & COMPANY, INCORPORATED(SFBD)marketable_limit25339,34400.0%—0.0%0.0 bps—100.0%
STIFEL, NICOLAUS & COMPANY, INCORPORATED(SFMM)market34200.0%—100.0%1.5 bps—100.0%
STIFEL, NICOLAUS & COMPANY, INCORPORATED(SFMM)marketable_limit874,32300.0%—————
SOFI SECURITIES LLC(SOFI)market45100.0%—100.0%1.1 bps—100.0%
STASH CAPITAL LLC(STSH)market666600.0%—89.4%1.3 bps—98.5%
CASH APP INVESTING LLC(TPTG)market3415300.0%—95.1%6.2 bps—100.0%
OPEN TO THE PUBLIC INVESTING, INC.(TTSI)market384900.0%—95.9%3.0 bps—100.0%
TASTYTRADE, INC.(TWTT)market24100.0%—100.0%1.6 bps—100.0%
TASTYTRADE, INC.(TWTT)marketable_limit33100.0%—100.0%1.4 bps—100.0%
VANGUARD MARKETING CORPORATION(VGRD)market151,60800.0%—100.0%2.1 bps—95.3%
VANGUARD MARKETING CORPORATION(VGRD)marketable_limit4700.0%—100.0%1.7 bps—100.0%
WEBULL FINANCIAL LLC(WBUS)market6272,93700.0%—38.7%-4.1 bps—100.0%
WEBULL FINANCIAL LLC(WBUS)marketable_limit2324,53700.0%—44.1%-3.0 bps—96.6%
WEDBUSH SECURITIES INC.(WEDB)market130000.0%—100.0%0.3 bps—100.0%
WEALTHFRONT BROKERAGE LLC(WLTH)marketable_limit1,4001,40700.0%—86.5%1.2 bps—100.0%
LATOUR TRADING LLC(XGWD)marketable_limit33,78100.0%—————
XNYS(XNYS)market14300.0%—0.0%0.0 bps—100.0%