CETERA INVESTMENT SERVICES LLC

Reporter ID: BANK • Quarter: 2026Q3 • Methodology: exq-3

Status: ACTIVE

Generated: Thu, 15 Oct 2026 22:37:24 GMT

Quarter:2026Q3

Covered Orders52,446Across all reported tiers

Covered Shares20,570,313In Q3 2026

Active Tiers71Order 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 Lot	2,502	8,718	—	94.1%	0.5 bps	—	—	0th	—	75.5%
Market	<$250 • Round Lot	16	2,918	—	—	—	—	—	—	—	—
Market	$250–$999 • Odd Lot	5,030	62,731	—	90.2%	0.4 bps	—	—	0th	—	61.7%
Market	$250–$999 • Round Lot	88	30,074	—	—	—	—	—	—	—	—
Market	$1k–$5k • Odd Lot	10,006	338,113	—	86.5%	0.4 bps	—	—	0th	—	56.9%
Market	$1k–$5k • Round Lot	1,437	321,402	—	89.0%	1.9 bps	—	—	7th	—	56.2%
Market	$5k–$10k • Odd Lot	2,166	112,376	—	81.9%	0.5 bps	—	—	1st	—	48.3%
Market	$5k–$10k • Round Lot	2,597	642,010	—	83.9%	1.0 bps	—	—	3rd	—	48.5%
Market	$10k–$20k • Odd Lot	681	36,094	—	76.8%	0.3 bps	—	—	0th	—	47.1%
Market	$10k–$20k • Round Lot	3,075	1,149,700	—	83.7%	0.7 bps	—	—	4th	—	38.3%
Market	$20k–$50k • Odd Lot	95	5,557	—	—	—	—	—	—	—	—
Market	$20k–$50k • Round Lot	2,800	2,008,854	—	79.9%	0.5 bps	—	—	5th	—	35.9%
Market	$50k–$200k • Round Lot	1,477	2,794,741	—	63.2%	0.2 bps	—	—	13th	—	36.5%
Market	≥$200k • Round Lot	399	8,631,603	—	23.7%	-3.9 bps	—	—	7th	—	19.8%
Marketable Limit	<$250 • Odd Lot	1	7	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Odd Lot	3	89	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Round Lot	1	130	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Odd Lot	9	289	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Round Lot	13	5,281	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Round Lot	8	3,742	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Odd Lot	1	36	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	10	16,651	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	15	40,623	—	—	—	—	—	—	—	—
Marketable Limit	$50k–$200k • Round Lot	11	38,548	—	—	—	—	—	—	—	—
Marketable Limit	≥$200k • Round Lot	17	1,676,180	—	—	—	—	—	—	—	—
Non-Marketable Limit	<$250 • Odd Lot	7	44	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Odd Lot	25	629	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Round Lot	1	100	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Odd Lot	35	1,361	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Round Lot	50	16,469	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Odd Lot	14	726	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Round Lot	37	14,699	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Odd Lot	5	332	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Round Lot	45	55,476	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	66	76,322	—	—	—	—	—	—	—	—
Non-Marketable Limit	$50k–$200k • Round Lot	63	232,628	—	—	—	—	—	—	—	—
Non-Marketable Limit	≥$200k • Round Lot	10	58,876	—	—	—	—	—	—	—	—
Market	<$250 • Odd Lot	870	1,913	—	91.4%	0.7 bps	—	—	1st	—	42.9%
Market	$250–$999 • Odd Lot	3,647	20,885	—	87.3%	1.0 bps	—	—	1st	—	35.6%
Market	$1k–$5k • Odd Lot	7,529	115,412	—	82.4%	1.2 bps	—	—	4th	—	34.6%
Market	$1k–$5k • Round Lot	223	23,127	—	85.6%	0.6 bps	—	—	1st	—	36.5%
Market	$5k–$10k • Odd Lot	2,429	76,112	—	80.2%	1.3 bps	—	—	6th	—	30.9%
Market	$5k–$10k • Round Lot	302	47,332	—	82.3%	1.0 bps	—	—	11th	—	29.4%
Market	$10k–$20k • Odd Lot	1,101	46,254	—	79.5%	1.3 bps	—	—	7th	—	30.7%
Market	$10k–$20k • Round Lot	698	106,664	—	74.7%	-0.1 bps	—	—	0th	—	30.5%
Market	$20k–$50k • Odd Lot	220	10,059	—	79.7%	1.9 bps	—	—	12th	—	31.4%
Market	$20k–$50k • Round Lot	1,128	245,819	—	67.7%	0.6 bps	—	—	0th	—	22.9%
Market	$50k–$200k • Round Lot	1,010	580,251	—	62.6%	2.2 bps	—	—	42nd	—	15.7%
Market	≥$200k • Round Lot	218	754,243	—	48.0%	-1.0 bps	—	—	7th	—	46.7%
Marketable Limit	$250–$999 • Odd Lot	1	4	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Odd Lot	6	114	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Round Lot	1	117	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Odd Lot	7	290	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Round Lot	1	222	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	6	651	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Odd Lot	1	35	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	8	3,492	—	—	—	—	—	—	—	—
Marketable Limit	$50k–$200k • Round Lot	12	10,733	—	—	—	—	—	—	—	—
Marketable Limit	≥$200k • Round Lot	14	75,077	—	—	—	—	—	—	—	—
Non-Marketable Limit	<$250 • Odd Lot	2	3	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Odd Lot	9	37	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Odd Lot	32	638	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Round Lot	1	100	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Odd Lot	25	521	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Round Lot	4	574	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Odd Lot	13	552	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Round Lot	8	1,118	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Odd Lot	2	70	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	25	7,998	—	—	—	—	—	—	—	—
Non-Marketable Limit	$50k–$200k • Round Lot	48	23,628	—	—	—	—	—	—	—	—
Non-Marketable Limit	≥$200k • Round Lot	29	32,139	—	—	—	—	—	—	—	—

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
BANK202608.zip	202608	detailed	stored	2026-10-15T19:56:03.684326791+00:00	File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells

Tiers with < 100 covered orders

Missing Files

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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