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REG

Rule 605 Market Center Comparison
Report Month: 202608 • Build ID: 202608-20261001T134852Z • Market Centers: 130 • Total Executed Volume: 3,336,413 shares
Listing (Nasdaq Trader)
Exchange: Nasdaq (Q)
Round Lot: 100 shares

Market Center Execution Quality on REG

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_limit30,6773,717,688877,77726.3%23.6%9.5%-0.1 bps0.03%99.4%
Investors Exchange(IEXG)marketable_limit21,0772,279,261357,90710.7%15.7%16.3%0.2 bps0.03%99.8%
Cboe BZX Exchange(BATS)marketable_limit117,11217,241,058303,5129.1%1.8%20.6%1.4 bps0.11%78.2%
MORGAN STANLEY & CO. LLC(MSPL)marketable_limit1,407245,900243,5007.3%99.0%38.0%1.2 bps0.05%100.0%
XNYS(XNYS)marketable_limit13,9891,387,113176,3565.3%12.7%7.2%0.0 bps0.04%100.0%
Cboe EDGX Exchange(EDGK)marketable_limit105,70615,822,019149,5994.5%0.9%23.2%3.6 bps0.15%70.4%
Virtu Americas LLC(NITE)market2,624172,833146,0604.4%84.5%91.5%2.1 bps0.04%100.0%
G1 Execution Services(ETMM)market1,872122,572122,5723.7%100.0%95.6%2.4 bps0.02%100.0%
HRT Financial LP(HRTF)market92296,68891,2202.7%94.3%91.6%2.3 bps0.02%100.0%
VIRTU AMERICAS LLC(NITQ)marketable_limit959368,38877,0112.3%20.9%7.8%0.1 bps0.06%100.0%
MORGAN STANLEY & CO. LLC(MSCO)market1,65670,81970,8192.1%100.0%94.4%2.6 bps0.03%100.0%
HRT FINANCIAL LP(HRTS)marketable_limit46578,68662,7061.9%79.7%25.8%0.0 bps0.06%100.0%
Instinct X(MLIX)marketable_limit14,1662,323,57958,9551.8%2.5%16.4%0.2 bps0.05%99.3%
Cboe BYX Exchange(BYXX)marketable_limit73,51212,406,32958,7161.8%0.5%10.3%-0.4 bps0.09%80.4%
JANE STREET CAPITAL, LLC(JNST)market1,29867,99158,5101.8%86.1%94.1%2.0 bps0.02%100.0%
JANE STREET CAPITAL, LLC(JSJX)marketable_limit23987,31854,4631.6%62.4%3.4%0.4 bps0.05%100.0%
XASE(XASE)marketable_limit3,687420,64843,7181.3%10.4%2.5%-0.0 bps0.03%100.0%
J.P. MORGAN SECURITIES LLC(JPMX)marketable_limit10,0671,259,98741,9181.3%3.3%7.8%0.1 bps0.04%100.0%
Cboe EDGA Exchange(EDGJ)marketable_limit63,25512,501,58140,7951.2%0.3%23.8%3.8 bps0.06%72.4%
INTERACTIVE BROKERS LLC(IBAT)marketable_limit55737,04237,0421.1%100.0%85.3%3.4 bps0.09%100.0%
XTX Execution Services LLC(XTXE)marketable_limit29947,51531,5630.9%66.4%67.5%1.4 bps0.03%100.0%
UBS ATS(UBSA)marketable_limit1,480386,62830,5370.9%7.9%16.7%0.3 bps0.04%99.8%
XCIS(XCIS)marketable_limit9,341801,04427,9330.8%3.5%8.6%0.0 bps0.03%100.0%
StoneX Financial, Inc.(INTL)market22429,33224,0130.7%81.9%46.8%-0.1 bps0.05%100.0%
TWO SIGMA SECURITIES, LLC(SOHW)market38523,75023,7500.7%100.0%77.9%1.6 bps0.03%100.0%
INTERACTIVE BROKERS LLC(IBBD)market017,69717,6950.5%100.0%74.8%1.1 bps0.05%41.7%
JUMP EXECUTION, LLC(JSDP)marketable_limit38148,36315,1930.5%31.4%43.1%1.2 bps0.03%100.0%
CITIGROUP GLOBAL MARKETS INC.(ONEC)marketable_limit6,4231,106,92414,0000.4%1.3%15.4%0.2 bps0.04%99.3%
G1 Execution Services(ETMM)marketable_limit3912,30812,3080.4%100.0%17.0%0.2 bps0.05%100.0%
INTERACTIVE BROKERS LLC(IBBD)marketable_limit012,23710,3700.3%84.7%68.7%2.5 bps0.05%50.0%
VIRTU AMERICAS LLC(KCGM)marketable_limit6,7911,216,2718,5550.3%0.7%24.9%0.4 bps0.03%100.0%
NATIONAL FINANCIAL SERVICES LLC(XSTM)marketable_limit25365,8996,7250.2%10.2%0.7%0.0 bps0.06%100.0%
UBS SECURITIES, LLC(UBSS)market2357,0605,8370.2%82.7%99.2%2.7 bps0.03%100.0%
GTS SECURITIES LLC(GTSM)market18816,8915,5290.2%32.7%99.3%2.0 bps0.02%100.0%
Virtu Americas LLC(NITE)marketable_limit1,13515,8045,0210.2%31.8%94.7%2.3 bps0.02%100.0%
LATOUR TRADING LLC(XGWD)marketable_limit693,6483,5850.1%98.3%92.4%0.2 bps0.04%100.0%
SG AMERICAS SECURITIES, LLC(SGSD)marketable_limit1853,1563,0630.1%97.1%74.0%0.6 bps0.03%100.0%
VIRTU AMERICAS LLC(ITGP)marketable_limit75079,2543,0570.1%3.9%0.0%0.0 bps0.12%100.0%
JANE STREET CAPITAL, LLC(JSJX)market152,8972,4240.1%83.7%100.0%3.9 bps0.00%100.0%
JANE STREET CAPITAL, LLC(JNST)marketable_limit242,3882,3740.1%99.4%99.4%1.3 bps0.04%100.0%
HRT Financial LP(HRTF)marketable_limit3742,3022,2880.1%99.4%95.2%2.8 bps0.01%100.0%
VIRTU AMERICAS LLC(NITQ)market242,4911,8660.1%74.9%100.0%4.3 bps0.00%100.0%
CITIGROUP GLOBAL MARKETS INC.(SBSH)marketable_limit16240,3291,3520.0%0.6%81.4%5.0 bps0.07%100.0%
J.P. MORGAN SECURITIES LLC(JPBD)market1827,8578010.0%10.2%99.4%3.5 bps-0.00%58.4%
J.P. MORGAN SECURITIES LLC(JPDA)market137987980.0%100.0%100.0%8.5 bps-0.05%100.0%
ALPHAX US(ALPX)marketable_limit1,235277,6187440.0%0.3%7.1%0.2 bps0.03%100.0%
MORGAN STANLEY & CO. LLC(MSRP)marketable_limit59005010.0%55.7%100.0%1.8 bps0.00%100.0%
MORGAN STANLEY & CO. LLC(MSCO)marketable_limit13003000.0%100.0%100.0%4.6 bps0.00%100.0%
TWO SIGMA SECURITIES, LLC(SOHW)marketable_limit112582580.0%100.0%100.0%7.8 bps0.00%100.0%
UBS SECURITIES, LLC(UBSS)marketable_limit102031890.0%93.1%100.0%2.4 bps0.00%100.0%
JUMP EXECUTION, LLC(JRET)market11001000.0%100.0%100.0%0.3 bps0.06%100.0%
Virtu Americas, LLC(VIRT)marketable_limit48031000.0%12.5%12.5%0.2 bps0.07%100.0%
StoneX Financial, Inc.(INTL)marketable_limit593930.0%100.0%100.0%2.8 bps0.02%100.0%
NATIONAL FINANCIAL SERVICES LLC(NFSC)market1,47463,259690.0%0.1%97.8%3.9 bps-0.00%69.3%
NATIONAL FINANCIAL SERVICES LLC(NFSF)market31679690.0%87.3%100.0%4.7 bps-0.00%100.0%
FIDELITY BROKERAGE SERVICES LLC(FIBS)market72925,743590.0%0.2%99.1%4.0 bps-0.00%94.1%
JUMP EXECUTION, LLC(JSDP)market122220.0%100.0%0.0%0.0 bps0.04%100.0%
INTERACTIVE BROKERS CORP.(IBFR)marketable_limit020200.0%100.0%45.3%3.5 bps0.13%91.6%
BofA Securities, Inc.(MLCO)market503,887180.0%0.5%91.6%2.5 bps0.04%100.0%
ALLY INVEST SECURITIES LLC(TKNG)market316160.0%100.0%100.0%1.6 bps0.09%43.8%
CHARLES SCHWAB & CO., INC.(CHAS)market1,709294,802150.0%0.0%86.7%1.5 bps0.02%93.2%
Cboe BZX Exchange(BATS)market42942,80660.0%0.0%0.0%-17.8 bps-3.91%100.0%
DRIVEWEALTH, LLC(DWFT)marketable_limit4660.0%100.0%100.0%1.2 bps0.06%100.0%
DRIVEWEALTH, LLC(DWWT)marketable_limit4660.0%100.0%100.0%1.2 bps0.06%100.0%
AMERIPRISE FINANCIAL SERVICES, LLC(AEFA)market32029,79340.0%0.0%77.1%0.7 bps0.01%100.0%
AMERICAN ENTERPRISE INVESTMENT SERVICES INC.(AEIS)market7440.0%100.0%86.6%4.8 bps0.02%100.0%
J.P. MORGAN SECURITIES LLC(JPMS)market31030.0%30.0%100.0%2.0 bps0.00%100.0%
CHARLES SCHWAB & CO., INC.(CHAS)marketable_limit23228,47330.0%0.0%55.7%1.0 bps0.01%100.0%
PNC WEALTH MANAGEMENT LLC(PNCC)market2414920.0%1.4%98.0%3.2 bps0.00%100.0%
Canaccord Genuity Inc.(CSTI)market5720.0%28.6%100.0%2.5 bps0.01%80.0%
J.P. MORGAN SECURITIES LLC(JPBD)marketable_limit1220.0%100.0%100.0%11.7 bps-0.08%100.0%
J.P. MORGAN SECURITIES LLC(JPDA)marketable_limit1220.0%100.0%100.0%11.7 bps-0.08%100.0%
FIDELITY BROKERAGE SERVICES LLC(FIBS)marketable_limit201,43110.0%0.1%100.0%2.5 bps0.00%100.0%
NATIONAL FINANCIAL SERVICES LLC(NFSC)marketable_limit201,43110.0%0.1%100.0%2.5 bps0.00%100.0%
NATIONAL FINANCIAL SERVICES LLC(NFSF)marketable_limit4110.0%100.0%100.0%3.0 bps0.00%100.0%
Cboe EDGX Exchange(EDGK)market626,40110.0%0.0%100.0%745.2 bps-4.22%100.0%
EDWARD JONES(EDJF)market1110.0%100.0%100.0%3.3 bps0.00%100.0%
Edward Jones(EDJO)market4025,26810.0%0.0%99.0%2.6 bps0.00%100.0%
ROCKEFELLER FINANCIAL LLC(ROCK)market1659500.0%0.1%98.8%3.1 bps0.00%100.0%
NYLIFE SECURITIES LLC(NYLS)market179400.0%0.3%100.0%4.9 bps0.00%100.0%
FUTU CLEARING INC(FUTC)marketable_limit1000.0%100.0%0.0%0.0 bps0.04%0.0%
FUTU CLEARING INC(FUTF)marketable_limit1000.0%100.0%0.0%0.0 bps0.04%0.0%
U.S. BANCORP ADVISORS, LLC(MKTI)market32400.0%0.1%100.0%5.7 bps0.00%100.0%
ALTRUIST FINANCIAL LLC(ALTR)market7955700.0%—94.8%1.7 bps—100.0%
APEX CLEARING CORPORATION(APCC)market97930,64100.0%—86.8%1.4 bps—100.0%
APEX CLEARING CORPORATION(APCC)marketable_limit2155300.0%—92.9%1.6 bps—100.0%
&PARTNERS(APRT)market1523800.0%—100.0%2.5 bps—100.0%
AVENUE SECURITIES LLC(AVNU)market3716200.0%—98.1%3.2 bps—100.0%
ROBERT W. BAIRD & CO. INCORPORATED(BARD)market3939900.0%—93.2%2.0 bps—92.2%
CITIGROUP GLOBAL MARKETS INC.(CGWM)market429600.0%—11.5%0.3 bps—100.0%
CODA MARKETS, INC.(CODX)marketable_limit33800.0%—————
ROBINHOOD FINANCIAL, LLC(CRFN)market2511,06200.0%—85.5%3.6 bps—100.0%
ROBINHOOD FINANCIAL, LLC(CRFN)marketable_limit71900.0%—100.0%0.3 bps—100.0%
DAVIDSON (D.A.) & CO. INC.(DADA)market784300.0%—100.0%0.4 bps—100.0%
RBC CAPITAL MARKETS, LLC(DAIN)market425,45800.0%—99.8%1.2 bps—100.0%
FUTU CLEARING INC(FUTC)market1300.0%—100.0%1.3 bps—100.0%
MOOMOO FINANCIAL INC.(FUTM)market1300.0%—100.0%1.3 bps—100.0%
GTS SECURITIES LLC(GTSM)marketable_limit9165100.0%—100.0%2.9 bps—100.0%
ROBINHOOD SECURITIES, LLC(HOOD)market3231,18300.0%—85.9%4.4 bps—100.0%
ROBINHOOD SECURITIES, LLC(HOOD)marketable_limit71900.0%—100.0%0.3 bps—100.0%
AMERICAN ENTERPRISE INVESTMENT SERVICES INC.(HRBF)market31329,48300.0%—76.9%0.6 bps—100.0%
HRT FINANCIAL LP(HRTS)market85600.0%—————
JANNEY MONTGOMERY SCOTT LLC(JANY)market415,28200.0%—99.7%0.5 bps—100.0%
J.P. MORGAN SECURITIES LLC(JPMX)market1200.0%—————
AXOS CLEARING LLC(LGNT)market596,81200.0%—82.8%-0.3 bps—100.0%
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED(MLWM)market38013,71100.0%—94.9%2.4 bps—73.7%
BETTERMENT SECURITIES(MTGO)marketable_limit4400.0%—75.0%1.3 bps—0.0%
NAVY FEDERAL INVESTMENT SERVICES, LLC(NFBS)market1200.0%—100.0%0.6 bps—100.0%
NOMAD INVESTMENT SERVICES(NOMA)market6414100.0%—100.0%1.3 bps—100.0%
OPPENHEIMER & CO. INC.(OPCO)market78900.0%—100.0%0.5 bps—100.0%
OPPENHEIMER & CO. INC.(OPCO)marketable_limit11100.0%—100.0%2.6 bps—100.0%
UBS FINANCIAL SERVICES INC.(PWJC)market34266,76600.0%—64.8%4.1 bps—9.8%
STIFEL, NICOLAUS & COMPANY, INCORPORATED(SFBD)market2012100.0%—100.0%2.3 bps—100.0%
STIFEL, NICOLAUS & COMPANY, INCORPORATED(SFMM)market1410900.0%—100.0%2.4 bps—100.0%
TWO SIGMA SECURITIES, LLC(SOHS)marketable_limit203,26800.0%—————
STIFEL, NICOLAUS & COMPANY, INCORPORATED(STFX)marketable_limit151,84200.0%—————
STASH CAPITAL LLC(STSH)market9714500.0%—93.8%2.3 bps—99.3%
HILLTOP SECURITIES INC.(SWST)market33500.0%—100.0%2.1 bps—57.1%
TLQNA(TLQNA)marketable_limit3899,399,23400.0%—————
TRADE-PMR INC.(TPMR)market21000.0%—100.0%2.6 bps—100.0%
TRADE-PMR INC.(TPMR)marketable_limit1300.0%—0.0%-7.8 bps—100.0%
CASH APP INVESTING LLC(TPTG)market499900.0%—100.0%2.9 bps—100.0%
OPEN TO THE PUBLIC INVESTING, INC.(TTSI)market394300.0%—95.3%3.3 bps—100.0%
TASTYTRADE, INC.(TWTT)market3100.0%—100.0%1.2 bps—100.0%
VANGUARD MARKETING CORPORATION(VGRD)market211,25700.0%—95.9%4.5 bps—100.0%
VANGUARD MARKETING CORPORATION(VGRD)marketable_limit21700.0%—100.0%4.0 bps—100.0%
WEBULL FINANCIAL LLC(WBUS)market445100.0%—97.5%1.3 bps—100.0%
WEBULL FINANCIAL LLC(WBUS)marketable_limit15100.0%—100.0%2.0 bps—100.0%
WEDBUSH SECURITIES INC.(WEDB)market364800.0%—100.0%0.2 bps—100.0%
WEALTHFRONT BROKERAGE LLC(WLTH)marketable_limit1,5642,18300.0%—89.0%3.2 bps—100.0%