DAVENPORT & COMPANY LLC

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

Status: ACTIVE

Generated: Thu, 15 Oct 2026 22:39:19 GMT

Quarter:2026Q3

Covered Orders49,332Across all reported tiers

Covered Shares7,410,059In Q3 2026

Active Tiers65Order 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 • Fractional	70	32	—	—	—	—	—	—	—	—
Market	<$250 • Odd Lot	1,522	4,488	—	91.8%	3.2 bps	—	—	14th	—	100.0%
Market	<$250 • Round Lot	3	510	—	—	—	—	—	—	—	—
Market	$250–$999 • Fractional	7	4	—	—	—	—	—	—	—	—
Market	$250–$999 • Odd Lot	3,816	36,533	—	92.7%	2.9 bps	—	—	15th	—	100.0%
Market	$250–$999 • Round Lot	27	6,775	—	—	—	—	—	—	—	—
Market	$1k–$5k • Fractional	1	1	—	—	—	—	—	—	—	—
Market	$1k–$5k • Odd Lot	5,925	187,978	—	92.6%	3.3 bps	—	—	31st	—	100.0%
Market	$1k–$5k • Round Lot	905	184,200	—	82.5%	4.8 bps	—	—	25th	—	100.0%
Market	$5k–$10k • Odd Lot	1,479	70,277	—	93.1%	3.8 bps	—	—	63rd	—	99.9%
Market	$5k–$10k • Round Lot	1,997	458,776	—	96.1%	3.9 bps	—	—	41st	—	100.0%
Market	$10k–$20k • Odd Lot	490	25,828	—	95.7%	3.2 bps	—	—	40th	—	100.0%
Market	$10k–$20k • Round Lot	2,490	861,893	—	95.5%	3.8 bps	—	—	54th	—	99.9%
Market	$20k–$50k • Odd Lot	59	3,280	—	—	—	—	—	—	—	—
Market	$20k–$50k • Round Lot	2,212	1,416,000	—	92.9%	3.7 bps	—	—	72nd	—	99.9%
Market	$50k–$200k • Round Lot	921	1,251,813	—	88.5%	2.1 bps	—	—	54th	—	99.6%
Market	≥$200k • Round Lot	106	468,564	—	68.4%	-3.0 bps	—	—	13th	—	97.8%
Marketable Limit	$1k–$5k • Odd Lot	5	81	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Round Lot	3	17,695	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Round Lot	9	11,517	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	4	2,433	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	12	13,710	—	—	—	—	—	—	—	—
Marketable Limit	$50k–$200k • Round Lot	15	142,124	—	—	—	—	—	—	—	—
Marketable Limit	≥$200k • Round Lot	1	1,500	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Round Lot	1	400	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Odd Lot	5	192	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Round Lot	32	14,623	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Odd Lot	6	209	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Round Lot	23	12,702	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Odd Lot	1	50	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Round Lot	24	14,452	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	47	69,453	—	—	—	—	—	—	—	—
Non-Marketable Limit	$50k–$200k • Round Lot	68	123,741	—	—	—	—	—	—	—	—
Non-Marketable Limit	≥$200k • Round Lot	2	76,500	—	—	—	—	—	—	—	—
Market	<$250 • Fractional	64	30	—	—	—	—	—	—	—	—
Market	<$250 • Odd Lot	1,179	1,815	—	98.1%	3.6 bps	—	—	82nd	—	100.0%
Market	$250–$999 • Fractional	14	10	—	—	—	—	—	—	—	—
Market	$250–$999 • Odd Lot	7,257	24,632	—	98.2%	3.2 bps	—	—	70th	—	100.0%
Market	$1k–$5k • Odd Lot	8,689	125,526	—	98.0%	3.2 bps	—	—	76th	—	100.0%
Market	$1k–$5k • Round Lot	159	20,144	—	99.5%	1.8 bps	—	—	43rd	—	100.0%
Market	$5k–$10k • Odd Lot	3,385	116,678	—	98.2%	3.3 bps	—	—	79th	—	99.9%
Market	$5k–$10k • Round Lot	483	77,890	—	99.4%	1.8 bps	—	—	63rd	—	100.0%
Market	$10k–$20k • Odd Lot	1,615	77,039	—	97.9%	3.5 bps	—	—	82nd	—	99.7%
Market	$10k–$20k • Round Lot	1,347	215,974	—	97.8%	2.4 bps	—	—	63rd	—	99.9%
Market	$20k–$50k • Odd Lot	137	7,237	—	98.1%	4.5 bps	—	—	90th	—	100.0%
Market	$20k–$50k • Round Lot	1,784	424,762	—	98.9%	2.9 bps	—	—	81st	—	100.0%
Market	$50k–$200k • Odd Lot	2	44	—	—	—	—	—	—	—	—
Market	$50k–$200k • Round Lot	655	414,141	—	93.9%	2.5 bps	—	—	62nd	—	99.5%
Market	≥$200k • Round Lot	96	343,052	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Odd Lot	1	5	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Odd Lot	1	10	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	2	750	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	3	2,100	—	—	—	—	—	—	—	—
Marketable Limit	$50k–$200k • Round Lot	6	3,750	—	—	—	—	—	—	—	—
Marketable Limit	≥$200k • Round Lot	1	250	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Odd Lot	2	25	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Round Lot	1	150	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Odd Lot	14	407	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Round Lot	2	400	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Odd Lot	12	569	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Round Lot	16	2,105	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Odd Lot	3	89	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	17	5,045	—	—	—	—	—	—	—	—
Non-Marketable Limit	$50k–$200k • Round Lot	63	38,723	—	—	—	—	—	—	—	—
Non-Marketable Limit	≥$200k • Round Lot	34	28,375	—	—	—	—	—	—	—	—

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
DAVA202608.zip	202608	detailed	stored	2026-10-15T19:56:07.473666384+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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