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Rule 605 Market Center Scorecard

DRIVEWEALTH, LLC

Reporter ID: DWFT • Quarter: 2026Q3 • Methodology: exq-2
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:13:54 GMT
Quarter:2026Q3
Covered Orders1,334,462Across all reported tiers
Covered Shares53,248,758In Q3 2026
Active Tiers48Order 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
marketable_limit<$250 • ODD600,7364,954,459100.0%99.9%8.2 bps-29.1 bps93%74th$0.0256100.0%
marketable_limit<$250 • ROUND10,5701,310,020100.0%100.0%13.7 bps-56.9 bps56%60th$0.0104100.0%
marketable_limit$250–$999 • ODD157,6133,446,785100.0%99.9%5.6 bps-21.9 bps82%74th$0.0493100.0%
marketable_limit$250–$999 • ROUND31,8956,968,382100.0%100.0%10.6 bps-59.0 bps66%61st$0.0157100.0%
marketable_limit$1k–$5k • ODD82,1162,110,314100.0%99.7%1.9 bps-19.9 bps84%45th$0.0684100.0%
marketable_limit$1k–$5k • ROUND30,40611,693,344100.0%100.0%4.9 bps-27.9 bps51%58th$0.0230100.0%
marketable_limit$5k–$10k • ODD13,643751,418100.0%99.6%1.1 bps-21.5 bps93%42nd$0.0731100.0%
marketable_limit$5k–$10k • ROUND6,7294,067,100100.0%99.9%2.1 bps-15.0 bps16%51st$0.0234100.0%
marketable_limit$10k–$20k • ODD2,447206,767100.0%99.6%1.1 bps-17.0 bps93%45th$0.0816100.0%
marketable_limit$10k–$20k • ROUND7,5203,527,446100.0%99.9%1.2 bps-10.8 bps28%49th$0.0277100.0%
marketable_limit$20k–$50k • ODD6397————————
marketable_limit$20k–$50k • ROUND5,3453,949,857100.0%99.7%1.0 bps-8.6 bps29%52nd$0.0299100.0%
marketable_limit$50k–$200k • ROUND1,2441,827,370100.0%99.9%0.9 bps-8.5 bps37%63rd$0.0364100.0%
nonmarketable_limit<$250 • ODD112,538711,054100.0%100.0%25.5 bps60.5 bps73%61st$0.0557100.0%
nonmarketable_limit<$250 • ROUND58267,600100.0%100.0%85.0 bps—0%81st$0.0222100.0%
nonmarketable_limit$250–$999 • ODD44,506829,566100.0%100.0%16.9 bps57.9 bps69%55th$0.0749100.0%
nonmarketable_limit$250–$999 • ROUND3,722638,525100.0%100.0%58.1 bps168.9 bps10%74th$0.0319100.0%
nonmarketable_limit$1k–$5k • ODD22,669574,545100.0%100.0%7.0 bps25.7 bps70%20th$0.0909100.0%
nonmarketable_limit$1k–$5k • ROUND5,1561,323,461100.0%100.0%31.0 bps102.8 bps22%67th$0.0419100.0%
nonmarketable_limit$5k–$10k • ODD3,551192,171100.0%100.0%3.3 bps24.7 bps85%4th$0.0736100.0%
nonmarketable_limit$5k–$10k • ROUND1,313469,726100.0%100.0%15.9 bps94.1 bps13%47th$0.0460100.0%
nonmarketable_limit$10k–$20k • ODD67654,798100.0%100.0%3.8 bps26.1 bps82%7th$0.0900100.0%
nonmarketable_limit$10k–$20k • ROUND1,648434,549100.0%100.0%6.2 bps22.1 bps26%20th$0.0494100.0%
nonmarketable_limit$20k–$50k • ODD8591————————
nonmarketable_limit$20k–$50k • ROUND1,180494,769100.0%100.0%4.9 bps18.8 bps36%13th$0.0451100.0%
nonmarketable_limit$50k–$200k • ROUND272233,587100.0%100.0%4.5 bps10.9 bps42%14th$0.0546100.0%
marketable_limit<$250 • ODD60,33686,232100.0%99.9%1.6 bps-22.2 bps93%57th$0.0698100.0%
marketable_limit$250–$999 • ODD44,059228,155100.0%99.9%1.7 bps-22.0 bps88%55th$0.0946100.0%
marketable_limit$1k–$5k • ODD27,627476,244100.0%99.9%1.9 bps-19.8 bps90%59th$0.1248100.0%
marketable_limit$1k–$5k • ROUND840103,488100.0%99.9%0.7 bps-9.6 bps83%48th$0.0093100.0%
marketable_limit$5k–$10k • ODD4,081179,292100.0%99.7%2.0 bps-24.6 bps85%68th$0.1744100.0%
marketable_limit$5k–$10k • ROUND574111,034100.0%99.5%0.6 bps-16.6 bps33%44th$0.0121100.0%
marketable_limit$10k–$20k • ODD1,07677,786100.0%99.9%2.0 bps-20.6 bps85%67th$0.1891100.0%
marketable_limit$10k–$20k • ROUND1,080190,469100.0%99.9%1.7 bps-27.2 bps36%60th$0.0795100.0%
marketable_limit$20k–$50k • ODD271,050————————
marketable_limit$20k–$50k • ROUND1,152352,748100.0%100.0%1.8 bps-25.7 bps43%74th$0.0953100.0%
marketable_limit$50k–$200k • ROUND238152,392100.0%100.0%1.7 bps-17.7 bps47%75th$0.1134100.0%
nonmarketable_limit<$250 • ODD13,93915,500100.0%100.0%4.3 bps36.6 bps79%46th$0.0975100.0%
nonmarketable_limit$250–$999 • ODD17,13353,991100.0%100.0%4.2 bps32.8 bps79%55th$0.1150100.0%
nonmarketable_limit$1k–$5k • ODD11,146135,099100.0%100.0%4.2 bps36.0 bps76%51st$0.1247100.0%
nonmarketable_limit$1k–$5k • ROUND282,219————————
nonmarketable_limit$5k–$10k • ODD1,69565,274100.0%100.0%4.0 bps46.8 bps64%48th$0.1302100.0%
nonmarketable_limit$5k–$10k • ROUND637,887————————
nonmarketable_limit$10k–$20k • ODD49531,551100.0%100.0%4.3 bps41.4 bps67%55th$0.1378100.0%
nonmarketable_limit$10k–$20k • ROUND30332,233100.0%100.0%4.2 bps67.5 bps54%64th$0.1018100.0%
nonmarketable_limit$20k–$50k • ODD18786————————
nonmarketable_limit$20k–$50k • ROUND37368,820100.0%100.0%4.0 bps72.0 bps60%68th$0.1214100.0%
nonmarketable_limit$50k–$200k • ROUND8837,907————————

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
DWFT202608.csv202608summarystored2026-09-30T21:23:46.642779076+00:00 File Link ↗
DWFT202608.zip202608detailedstored2026-09-30T21:23:46.642781501+00:00 File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
7
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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