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Rule 605 Market Center Scorecard
AMERIPRISE FINANCIAL SERVICES, LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:32:48 GMT
Quarter:2026Q3
Covered Orders1,529,855Across all reported tiers
Covered Shares214,243,771In Q3 2026
Active Tiers80Order class × notional buckets
Routing Brokers0Disclosed in 606 filings
1. Amended Rule 605 Scorecard vs. Mix-Adjusted Peers — 2026-08
Execution metrics across order classes and the 24 notional × lot categories, benchmarked against what competing market centers delivered on identical symbols.
| Class | Notional × Lot | Orders | Covered Sh | Fill Rate | PI Rate | NPI (bps) | Peer Bench (bps) | Coverage | Rank Pctl | Eff Spread | Speed <1s |
|---|---|---|---|---|---|---|---|---|---|---|---|
| market | <$250 • ODD | 96,930 | 312,209 | 0.1% | 93.5% | 4.6 bps | 1.5 bps | 42% | 27th | $0.0166 | 99.1% |
| market | <$250 • ROUND | 157 | 87,111 | 0.0% | 51.6% | 45.9 bps | — | 0% | 89th | $0.0031 | 62.4% |
| market | $250–$999 • ODD | 165,449 | 1,655,293 | 0.1% | 93.2% | 3.6 bps | 1.8 bps | 59% | 22nd | $0.0202 | 99.6% |
| market | $250–$999 • ROUND | 1,451 | 360,997 | 0.0% | 88.6% | 15.9 bps | — | 0% | 59th | $0.0009 | 99.2% |
| market | $1k–$5k • ODD | 221,800 | 6,561,163 | 0.0% | 91.8% | 2.9 bps | 1.6 bps | 78% | 22nd | $0.0169 | 99.7% |
| market | $1k–$5k • ROUND | 27,534 | 6,057,599 | 0.0% | 92.9% | 5.6 bps | 1.6 bps | 21% | 35th | $0.0049 | 97.2% |
| market | $5k–$10k • ODD | 55,824 | 2,792,475 | 0.0% | 91.3% | 2.6 bps | 1.0 bps | 68% | 29th | $0.0183 | 99.7% |
| market | $5k–$10k • ROUND | 46,412 | 11,607,164 | 0.0% | 92.4% | 3.4 bps | 1.0 bps | 42% | 31st | $0.0044 | 97.2% |
| market | $10k–$20k • ODD | 19,341 | 1,072,255 | 0.0% | 91.3% | 2.3 bps | 0.8 bps | 58% | 19th | $0.0193 | 99.9% |
| market | $10k–$20k • ROUND | 61,932 | 20,974,896 | 0.0% | 91.9% | 2.9 bps | 1.0 bps | 48% | 38th | $0.0062 | 96.7% |
| market | $20k–$50k • ODD | 2,415 | 148,339 | 0.0% | 89.1% | 1.6 bps | 0.4 bps | 59% | 10th | $0.0223 | 99.9% |
| market | $20k–$50k • ROUND | 63,282 | 38,166,413 | 0.0% | 89.5% | 2.5 bps | 0.8 bps | 55% | 39th | $0.0073 | 94.3% |
| market | $50k–$200k • ROUND | 32,050 | 49,133,690 | 0.0% | 86.3% | 1.9 bps | 0.6 bps | 46% | 51st | $0.0063 | 88.8% |
| market | ≥$200k • ROUND | 5,195 | 24,448,401 | 0.0% | 79.6% | 1.4 bps | 0.0 bps | 6% | 82nd | $0.0167 | 70.8% |
| marketable_limit | <$250 • ODD | 38 | 425 | — | — | — | — | — | — | — | — |
| marketable_limit | <$250 • ROUND | 1 | 2,500 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ODD | 114 | 2,556 | 0.2% | 93.7% | 4.0 bps | — | 0% | 63rd | $-0.0370 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 29 | 31,464 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 455 | 18,116 | 0.1% | 88.7% | 3.3 bps | — | 0% | 67th | $0.0241 | 99.8% |
| marketable_limit | $1k–$5k • ROUND | 340 | 368,869 | 0.0% | 64.3% | 15.4 bps | — | 0% | 95th | $0.0012 | 61.5% |
| marketable_limit | $5k–$10k • ODD | 71 | 4,054 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ROUND | 251 | 245,954 | 0.0% | 79.4% | 6.6 bps | — | 0% | 83rd | $0.0018 | 69.9% |
| marketable_limit | $10k–$20k • ODD | 29 | 1,538 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ROUND | 355 | 523,498 | 0.0% | 70.4% | 8.5 bps | — | 0% | 97th | $-0.0011 | 74.4% |
| marketable_limit | $20k–$50k • ODD | 3 | 164 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 390 | 1,161,703 | 0.0% | 53.1% | 5.7 bps | — | 0% | 98th | $0.0079 | 51.4% |
| marketable_limit | $50k–$200k • ROUND | 280 | 2,086,970 | 0.0% | 44.0% | 2.9 bps | — | 0% | 91st | $-0.0006 | 32.2% |
| marketable_limit | ≥$200k • ROUND | 73 | 1,418,569 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • ODD | 75 | 946 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • ROUND | 12 | 1,755 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 170 | 3,172 | 0.0% | 100.0% | 32.3 bps | — | 0% | 88th | — | 39.0% |
| nonmarketable_limit | $250–$999 • ROUND | 68 | 39,103 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 606 | 19,604 | 0.0% | 100.0% | 17.1 bps | — | 0% | 73rd | $0.0400 | 40.3% |
| nonmarketable_limit | $1k–$5k • ROUND | 579 | 399,094 | 0.0% | 100.0% | 39.5 bps | — | 0% | 82nd | $0.0043 | 33.0% |
| nonmarketable_limit | $5k–$10k • ODD | 239 | 10,795 | 0.0% | 100.0% | 9.4 bps | — | 0% | 49th | — | 48.1% |
| nonmarketable_limit | $5k–$10k • ROUND | 598 | 482,747 | 0.0% | 100.0% | 48.6 bps | — | 0% | 93rd | $0.1000 | 28.5% |
| nonmarketable_limit | $10k–$20k • ODD | 108 | 5,766 | — | 100.0% | 15.3 bps | — | — | 71st | — | 51.9% |
| nonmarketable_limit | $10k–$20k • ROUND | 713 | 1,025,479 | 0.0% | 100.0% | 33.3 bps | — | 0% | 94th | — | 20.6% |
| nonmarketable_limit | $20k–$50k • ODD | 41 | 770 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ROUND | 809 | 1,598,853 | 0.0% | 100.0% | 32.6 bps | — | 0% | 95th | $0.0100 | 19.2% |
| nonmarketable_limit | $50k–$200k • ROUND | 484 | 2,186,511 | 0.0% | 100.0% | 9.9 bps | — | 0% | 60th | $0.0800 | 24.2% |
| nonmarketable_limit | ≥$200k • ROUND | 104 | 728,721 | 0.0% | 100.0% | 9.2 bps | — | 0% | 81st | $0.3650 | 18.9% |
| market | <$250 • ODD | 59,793 | 98,909 | 0.1% | 94.7% | 2.8 bps | 3.1 bps | 77% | 60th | $0.0094 | 99.5% |
| market | $250–$999 • ODD | 201,186 | 787,565 | 0.1% | 95.1% | 2.7 bps | 3.2 bps | 97% | 53rd | $0.0193 | 99.8% |
| market | $250–$999 • ROUND | 5 | 500 | — | — | — | — | — | — | — | — |
| market | $1k–$5k • ODD | 257,920 | 3,556,003 | 0.1% | 94.9% | 2.7 bps | 3.2 bps | 97% | 53rd | $0.0256 | 99.8% |
| market | $1k–$5k • ROUND | 4,296 | 485,175 | 0.0% | 96.9% | 1.8 bps | 2.0 bps | 59% | 49th | $0.0014 | 99.9% |
| market | $5k–$10k • ODD | 75,697 | 2,366,527 | 0.0% | 94.9% | 2.6 bps | 2.7 bps | 85% | 46th | $0.0277 | 99.8% |
| market | $5k–$10k • ROUND | 8,061 | 1,323,902 | 0.0% | 96.4% | 1.6 bps | 1.7 bps | 46% | 48th | $0.0030 | 99.9% |
| market | $10k–$20k • ODD | 33,431 | 1,427,237 | 0.0% | 94.9% | 2.7 bps | 2.5 bps | 68% | 51st | $0.0358 | 99.8% |
| market | $10k–$20k • ROUND | 21,574 | 3,338,533 | 0.0% | 95.8% | 2.1 bps | 1.8 bps | 55% | 52nd | $0.0148 | 99.8% |
| market | $20k–$50k • ODD | 5,732 | 271,104 | 0.0% | 93.8% | 3.0 bps | 2.8 bps | 58% | 45th | $0.0677 | 99.7% |
| market | $20k–$50k • ROUND | 31,733 | 6,607,171 | 0.0% | 93.9% | 2.4 bps | 1.8 bps | 64% | 66th | $0.0210 | 99.7% |
| market | $50k–$200k • ODD | 29 | 1,434 | — | — | — | — | — | — | — | — |
| market | $50k–$200k • ROUND | 16,407 | 8,143,447 | 0.0% | 92.5% | 2.5 bps | 1.3 bps | 45% | 64th | $0.0222 | 98.1% |
| market | ≥$200k • ROUND | 3,669 | 8,774,400 | 0.0% | 78.0% | 1.9 bps | 0.1 bps | 42% | 79th | $0.1607 | 62.1% |
| marketable_limit | <$250 • ODD | 13 | 25 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ODD | 59 | 249 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 205 | 3,806 | 0.1% | 92.3% | 1.9 bps | — | 0% | 60th | $0.0087 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 15 | 1,899 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ODD | 99 | 2,706 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ROUND | 32 | 6,784 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ODD | 59 | 2,908 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ROUND | 51 | 9,077 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ODD | 24 | 1,093 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 114 | 42,077 | 0.0% | 87.6% | 3.7 bps | — | 0% | 99th | $0.2893 | 98.1% |
| marketable_limit | $50k–$200k • ROUND | 147 | 104,528 | 0.0% | 91.0% | 1.8 bps | — | 0% | 81st | $-0.0328 | 95.0% |
| marketable_limit | ≥$200k • ROUND | 45 | 441,846 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • ODD | 27 | 54 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 88 | 501 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 562 | 10,278 | 0.0% | 100.0% | 9.1 bps | — | 0% | 90th | $0.0503 | 66.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 43 | 4,954 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $5k–$10k • ODD | 380 | 11,464 | 0.0% | 100.0% | 4.9 bps | — | 0% | 66th | $0.4066 | 58.9% |
| nonmarketable_limit | $5k–$10k • ROUND | 63 | 8,938 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ODD | 240 | 10,031 | 0.0% | 100.0% | 5.4 bps | — | 0% | 79th | — | 61.5% |
| nonmarketable_limit | $10k–$20k • ROUND | 189 | 34,641 | 0.0% | 100.0% | 3.9 bps | — | 0% | 57th | $0.1300 | 44.0% |
| nonmarketable_limit | $20k–$50k • ODD | 90 | 3,157 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ROUND | 406 | 96,680 | 0.0% | 100.0% | 4.0 bps | — | 0% | 66th | $0.1674 | 44.8% |
| nonmarketable_limit | $50k–$200k • ROUND | 432 | 254,194 | 0.0% | 100.0% | 4.9 bps | — | 0% | 85th | — | 41.2% |
| nonmarketable_limit | ≥$200k • ROUND | 132 | 262,272 | 0.0% | 100.0% | 5.5 bps | — | 0% | 87th | $0.0900 | 42.1% |
2. Broker-Dealers Routing Here (Reverse 606 Index)
Firms directing customer order flow to this market center under SEC Rule 606(a), with route percentages and PFOF rates.
No broker-dealers identified routing flow to this market center in 2026Q3.
3. Rule 605 Report Files & Ingestion History
Published monthly execution quality data files crawled from vendor and exchange landing pages.
| File Name | Month | Kind | Status | Fetched At | Source URL |
|---|---|---|---|---|---|
| AEFA202608.csv | 202608 | summary | stored | 2026-09-30T21:27:23.981267441+00:00 | File Link ↗ |
| AEFA202608.zip | 202608 | detailed | stored | 2026-09-30T21:27:23.981266419+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
27
Tiers with < 100 covered ordersMissing Files
0
Months unretrievableMethodological Caveats:
- 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.
- Brokers routing here reflect venue aliases as of the last crosswalk-venues run.
Does your firm route to AMERIPRISE FINANCIAL SERVICES, LLC? See which competing venues beat it on your symbol mix → Enter your Firm CRD