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Rule 605 Market Center Scorecard

ALTRUIST FINANCIAL LLC

Reporter ID: ALTR • Quarter: 2026Q3 • Methodology: exq-2
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:31:53 GMT
Quarter:2026Q3
Covered Orders407,357Across all reported tiers
Covered Shares44,214,233In Q3 2026
Active Tiers75Order 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.

ClassNotional × LotOrdersCovered ShFill RatePI RateNPI (bps)Peer Bench (bps)CoverageRank PctlEff SpreadSpeed <1s
market<$250 • ODD133,699258,681—96.6%4.1 bps——21st—100.0%
market<$250 • ROUND5910,178————————
market$250–$999 • ODD46,507483,807—96.2%3.8 bps——25th—100.0%
market$250–$999 • ROUND624123,922—96.6%15.8 bps——55th—100.0%
market$1k–$5k • ODD36,1971,203,904—94.9%2.8 bps——20th—100.0%
market$1k–$5k • ROUND6,8721,546,112—97.7%6.6 bps——49th—100.0%
market$5k–$10k • ODD6,771364,290—95.3%2.3 bps——19th—100.0%
market$5k–$10k • ROUND8,4472,201,381—98.0%4.5 bps——47th—99.8%
market$10k–$20k • ODD2,115121,632—96.5%2.5 bps——27th—100.0%
market$10k–$20k • ROUND9,9723,626,590—96.9%3.7 bps——50th—99.9%
market$20k–$50k • ODD28818,738—94.5%2.0 bps——24th—100.0%
market$20k–$50k • ROUND10,7587,460,107—94.0%3.0 bps——49th—99.7%
market$50k–$200k • ROUND7,72212,903,820—93.2%2.2 bps——63rd—98.3%
market≥$200k • ROUND1,9558,028,862—92.2%1.9 bps——87th—98.8%
marketable_limit<$250 • ODD137325—99.1%2.0 bps——33rd—100.0%
marketable_limit<$250 • ROUND1100————————
marketable_limit$250–$999 • ODD1031,297—93.3%1.9 bps——39th—96.6%
marketable_limit$250–$999 • ROUND31,150————————
marketable_limit$1k–$5k • ODD924,097————————
marketable_limit$1k–$5k • ROUND397,886————————
marketable_limit$5k–$10k • ODD341,716————————
marketable_limit$5k–$10k • ROUND5519,246————————
marketable_limit$10k–$20k • ODD8548————————
marketable_limit$10k–$20k • ROUND85123,624————————
marketable_limit$20k–$50k • ODD3108————————
marketable_limit$20k–$50k • ROUND116101,798—98.5%3.6 bps——80th—99.7%
marketable_limit$50k–$200k • ROUND66119,310————————
marketable_limit≥$200k • ROUND1140,214————————
nonmarketable_limit<$250 • ODD1481,152—100.0%10.4 bps——13th—29.9%
nonmarketable_limit<$250 • ROUND383,850————————
nonmarketable_limit$250–$999 • ODD1031,486—100.0%12.0 bps——36th—29.5%
nonmarketable_limit$250–$999 • ROUND5415,650————————
nonmarketable_limit$1k–$5k • ODD1736,601—100.0%15.7 bps——68th—36.7%
nonmarketable_limit$1k–$5k • ROUND5715,098————————
nonmarketable_limit$5k–$10k • ODD744,466————————
nonmarketable_limit$5k–$10k • ROUND6116,900————————
nonmarketable_limit$10k–$20k • ODD391,927————————
nonmarketable_limit$10k–$20k • ROUND10835,026—100.0%21.6 bps——82nd—17.8%
nonmarketable_limit$20k–$50k • ODD8291————————
nonmarketable_limit$20k–$50k • ROUND11959,853—100.0%7.0 bps——27th—29.9%
nonmarketable_limit$50k–$200k • ROUND90104,518————————
nonmarketable_limit≥$200k • ROUND1668,407————————
market<$250 • ODD44,50454,161—98.6%2.0 bps——29th—100.0%
market$250–$999 • ODD44,588107,919—98.6%2.3 bps——36th—100.0%
market$250–$999 • ROUND1108————————
market$1k–$5k • ODD23,304313,138—98.3%2.1 bps——30th—100.0%
market$1k–$5k • ROUND54572,149—98.6%2.0 bps——71st—100.0%
market$5k–$10k • ODD6,001201,477—98.1%2.2 bps——29th—100.0%
market$5k–$10k • ROUND976181,377—99.3%1.9 bps——75th—100.0%
market$10k–$20k • ODD2,931134,494—98.0%2.4 bps——40th—100.0%
market$10k–$20k • ROUND2,348429,009—99.0%2.7 bps——81st—100.0%
market$20k–$50k • ODD59830,087—98.5%2.8 bps——33rd—100.0%
market$20k–$50k • ROUND3,883929,549—97.4%3.1 bps——83rd—100.0%
market$50k–$200k • ODD7254————————
market$50k–$200k • ROUND2,5341,387,969—96.4%3.2 bps——88th—100.0%
market≥$200k • ROUND7381,235,971—92.2%2.5 bps——89th—99.8%
marketable_limit<$250 • ODD8294————————
marketable_limit$250–$999 • ODD5097————————
marketable_limit$1k–$5k • ODD27209————————
marketable_limit$5k–$10k • ODD265————————
marketable_limit$10k–$20k • ODD5358————————
marketable_limit$10k–$20k • ROUND51,372————————
marketable_limit$20k–$50k • ROUND115,321————————
marketable_limit≥$200k • ROUND11,650————————
nonmarketable_limit<$250 • ODD103130—100.0%2.6 bps——3rd—46.5%
nonmarketable_limit$250–$999 • ODD150414—100.0%3.2 bps——21st—45.7%
nonmarketable_limit$1k–$5k • ODD64884————————
nonmarketable_limit$5k–$10k • ODD18416————————
nonmarketable_limit$5k–$10k • ROUND3540————————
nonmarketable_limit$10k–$20k • ODD5306————————
nonmarketable_limit$10k–$20k • ROUND61,012————————
nonmarketable_limit$20k–$50k • ODD192————————
nonmarketable_limit$20k–$50k • ROUND228,726————————
nonmarketable_limit$50k–$200k • ROUND143,767————————
nonmarketable_limit≥$200k • ROUND32,450————————

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 NameMonthKindStatusFetched AtSource URL
ALTR202608.zip202608detailedstored2026-09-29T17:30:25.253545+00:00 File Link ↗
ALTR202608.csv202608summarystored2026-09-29T17:30:25.253545+00:00 File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
40
Tiers with < 100 covered orders
Missing Files
0
Months unretrievable

Methodological 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.
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