RBC CAPITAL MARKETS, LLC

Reporter ID: DAIN • Quarter: 2026Q3 • Methodology: exq-2

MPID Firm: RBC Capital Markets Corporation(DAIN) • Location: MINNEAPOLIS, MN

Status: ACTIVE

Generated: Wed, 14 Oct 2026 19:27:41 GMT

Quarter:2026Q3

Covered Orders652,224Across all reported tiers

Covered Shares198,327,239In Q3 2026

Active Tiers81Order 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	38,085	152,854	—	94.6%	4.8 bps	—	—	30th	—	100.0%
market	<$250 • ROUND	121	117,960	—	36.9%	64.0 bps	—	—	96th	—	68.1%
market	$250–$999 • ODD	62,664	765,859	—	94.5%	4.5 bps	—	—	40th	—	100.0%
market	$250–$999 • ROUND	1,214	281,418	—	95.5%	22.1 bps	—	—	83rd	—	100.0%
market	$1k–$5k • ODD	81,170	2,599,209	—	93.9%	3.9 bps	—	—	41st	—	100.0%
market	$1k–$5k • ROUND	18,112	5,102,495	—	92.6%	8.1 bps	—	—	63rd	—	99.9%
market	$5k–$10k • ODD	18,200	905,898	—	93.9%	3.5 bps	—	—	53rd	—	100.0%
market	$5k–$10k • ROUND	24,141	8,352,050	—	93.2%	4.7 bps	—	—	53rd	—	99.8%
market	$10k–$20k • ODD	6,389	354,515	—	95.2%	3.6 bps	—	—	50th	—	100.0%
market	$10k–$20k • ROUND	30,944	15,998,580	—	90.9%	4.0 bps	—	—	54th	—	99.7%
market	$20k–$50k • ODD	721	43,820	—	93.8%	2.8 bps	—	—	40th	—	100.0%
market	$20k–$50k • ROUND	31,460	26,312,139	—	88.1%	2.7 bps	—	—	45th	—	99.7%
market	$50k–$200k • ROUND	16,047	29,841,848	—	81.8%	2.0 bps	—	—	55th	—	99.5%
market	≥$200k • ROUND	3,693	32,713,907	—	51.4%	-0.9 bps	—	—	39th	—	77.4%
marketable_limit	<$250 • ODD	15	191	—	—	—	—	—	—	—	—
marketable_limit	<$250 • ROUND	126	29,286	—	77.3%	56.1 bps	—	—	100th	—	100.0%
marketable_limit	$250–$999 • ODD	52	1,233	—	—	—	—	—	—	—	—
marketable_limit	$250–$999 • ROUND	500	356,446	—	59.4%	37.4 bps	—	—	100th	—	100.0%
marketable_limit	$1k–$5k • ODD	172	7,103	—	88.3%	2.6 bps	—	—	60th	—	100.0%
marketable_limit	$1k–$5k • ROUND	838	1,010,349	—	53.6%	11.0 bps	—	—	88th	—	98.2%
marketable_limit	$5k–$10k • ODD	90	4,453	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ROUND	825	1,862,710	—	49.5%	5.9 bps	—	—	74th	—	93.0%
marketable_limit	$10k–$20k • ODD	42	2,867	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ROUND	1,097	3,169,477	—	40.9%	1.0 bps	—	—	47th	—	95.3%
marketable_limit	$20k–$50k • ODD	13	773	—	—	—	—	—	—	—	—
marketable_limit	$20k–$50k • ROUND	1,244	4,989,848	—	50.4%	2.5 bps	—	—	67th	—	90.6%
marketable_limit	$50k–$200k • ROUND	866	7,050,287	—	38.6%	1.8 bps	—	—	80th	—	86.4%
marketable_limit	≥$200k • ROUND	266	6,132,135	—	28.1%	-3.2 bps	—	—	8th	—	59.4%
nonmarketable_limit	<$250 • ODD	28	189	—	—	—	—	—	—	—	—
nonmarketable_limit	<$250 • ROUND	13	16,485	—	—	—	—	—	—	—	—
nonmarketable_limit	$250–$999 • ODD	112	2,254	—	100.0%	32.3 bps	—	—	90th	—	26.0%
nonmarketable_limit	$250–$999 • ROUND	106	82,506	—	100.0%	110.1 bps	—	—	93rd	—	59.8%
nonmarketable_limit	$1k–$5k • ODD	362	12,909	—	100.0%	18.1 bps	—	—	76th	—	34.4%
nonmarketable_limit	$1k–$5k • ROUND	892	470,163	—	100.0%	40.6 bps	—	—	85th	—	31.7%
nonmarketable_limit	$5k–$10k • ODD	189	9,350	—	100.0%	20.4 bps	—	—	84th	—	43.1%
nonmarketable_limit	$5k–$10k • ROUND	1,184	1,410,994	—	100.0%	29.0 bps	—	—	85th	—	27.6%
nonmarketable_limit	$10k–$20k • ODD	58	3,515	—	—	—	—	—	—	—	—
nonmarketable_limit	$10k–$20k • ROUND	1,478	1,955,126	—	100.0%	31.5 bps	—	—	92nd	—	31.5%
nonmarketable_limit	$20k–$50k • ODD	11	668	—	—	—	—	—	—	—	—
nonmarketable_limit	$20k–$50k • ROUND	1,555	2,924,138	—	100.0%	17.5 bps	—	—	84th	—	30.3%
nonmarketable_limit	$50k–$200k • ROUND	990	4,239,656	—	100.0%	17.0 bps	—	—	91st	—	27.8%
nonmarketable_limit	≥$200k • ROUND	224	3,322,523	—	100.0%	18.1 bps	—	—	93rd	—	24.6%
market	<$250 • ODD	20,089	34,937	—	95.2%	2.5 bps	—	—	45th	—	100.0%
market	$250–$999 • ODD	63,329	266,445	—	95.5%	2.6 bps	—	—	45th	—	100.0%
market	$250–$999 • ROUND	1	100	—	—	—	—	—	—	—	—
market	$1k–$5k • ODD	97,058	1,545,086	—	96.0%	2.5 bps	—	—	50th	—	100.0%
market	$1k–$5k • ROUND	2,597	319,523	—	98.6%	1.6 bps	—	—	39th	—	100.0%
market	$5k–$10k • ODD	34,235	1,123,174	—	96.8%	2.6 bps	—	—	50th	—	100.0%
market	$5k–$10k • ROUND	6,235	1,043,301	—	98.5%	1.5 bps	—	—	34th	—	100.0%
market	$10k–$20k • ODD	17,092	750,728	—	97.7%	2.8 bps	—	—	60th	—	100.0%
market	$10k–$20k • ROUND	16,078	2,748,301	—	98.1%	1.9 bps	—	—	35th	—	100.0%
market	$20k–$50k • ODD	3,247	150,491	—	97.7%	2.8 bps	—	—	35th	—	100.0%
market	$20k–$50k • ROUND	24,784	6,045,241	—	97.8%	1.9 bps	—	—	42nd	—	100.0%
market	$50k–$200k • ODD	13	435	—	—	—	—	—	—	—	—
market	$50k–$200k • ROUND	14,163	8,137,683	—	96.1%	1.7 bps	—	—	36th	—	100.0%
market	≥$200k • ROUND	3,577	11,466,375	—	67.8%	0.4 bps	—	—	30th	—	95.5%
marketable_limit	<$250 • ODD	3	21	—	—	—	—	—	—	—	—
marketable_limit	$250–$999 • ODD	19	209	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ODD	130	3,020	—	85.7%	1.9 bps	—	—	64th	—	100.0%
marketable_limit	$1k–$5k • ROUND	20	2,819	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ODD	108	4,055	—	89.4%	3.4 bps	—	—	96th	—	100.0%
marketable_limit	$5k–$10k • ROUND	62	13,281	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ODD	61	2,153	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ROUND	112	29,453	—	91.1%	2.0 bps	—	—	79th	—	100.0%
marketable_limit	$20k–$50k • ODD	18	518	—	—	—	—	—	—	—	—
marketable_limit	$20k–$50k • ROUND	183	60,896	—	81.9%	1.6 bps	—	—	67th	—	100.0%
marketable_limit	$50k–$200k • ROUND	193	178,462	—	81.3%	1.7 bps	—	—	77th	—	98.6%
marketable_limit	≥$200k • ROUND	93	495,052	—	—	—	—	—	—	—	—
nonmarketable_limit	<$250 • ODD	7	9	—	—	—	—	—	—	—	—
nonmarketable_limit	$250–$999 • ODD	72	364	—	—	—	—	—	—	—	—
nonmarketable_limit	$1k–$5k • ODD	385	7,742	—	100.0%	3.7 bps	—	—	36th	—	41.3%
nonmarketable_limit	$1k–$5k • ROUND	60	8,673	—	—	—	—	—	—	—	—
nonmarketable_limit	$5k–$10k • ODD	269	9,396	—	100.0%	6.7 bps	—	—	84th	—	55.9%
nonmarketable_limit	$5k–$10k • ROUND	146	26,276	—	100.0%	2.2 bps	—	—	21st	—	33.5%
nonmarketable_limit	$10k–$20k • ODD	189	7,206	—	100.0%	8.4 bps	—	—	90th	—	67.0%
nonmarketable_limit	$10k–$20k • ROUND	319	64,261	—	100.0%	4.5 bps	—	—	75th	—	35.3%
nonmarketable_limit	$20k–$50k • ODD	83	2,373	—	—	—	—	—	—	—	—
nonmarketable_limit	$20k–$50k • ROUND	393	120,398	—	100.0%	5.0 bps	—	—	80th	—	41.0%
nonmarketable_limit	$50k–$200k • ODD	2	68	—	—	—	—	—	—	—	—
nonmarketable_limit	$50k–$200k • ROUND	307	231,846	—	100.0%	3.2 bps	—	—	49th	—	37.7%
nonmarketable_limit	≥$200k • ROUND	183	816,682	—	100.0%	2.2 bps	—	—	22nd	—	39.7%

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
DAIN202608.csv	202608	summary	stored	2026-09-30T21:27:23.981309331+00:00	File Link ↗
DAIN202608.zip	202608	detailed	stored	2026-09-30T21:27:23.981308128+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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