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Rule 605 Market Center Scorecard
Cboe EDGX Exchange
Status: ACTIVE
Generated: Thu, 15 Oct 2026 19:08:01 GMT
Quarter:2026Q3
Covered Orders13,226,242,165Across all reported tiers
Covered Shares4,336,185,641,143In Q3 2026
Active Tiers85Order class × notional buckets
Routing Brokers1Disclosed 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 | 6,287 | 87,900 | 21.5% | 74.0% | 81.2 bps | — | 0% | 99th | $0.3583 | 88.3% |
| Market | <$250 • Round Lot | 45,604 | 9,105,476 | 4.7% | 39.7% | 64.7 bps | — | 0% | 98th | $0.1750 | 40.4% |
| Market | $250–$999 • Odd Lot | 1,014 | 17,337 | 85.6% | 56.8% | 24.7 bps | — | 0% | 99th | $0.6290 | 98.5% |
| Market | $250–$999 • Round Lot | 647 | 150,221 | 70.2% | 64.8% | 111.6 bps | — | 0% | 99th | $0.2703 | 92.1% |
| Market | $1k–$5k • Odd Lot | 595 | 22,361 | 94.9% | 68.6% | 43.2 bps | — | 0% | 100th | $0.8671 | 100.0% |
| Market | $1k–$5k • Round Lot | 851 | 445,135 | 69.7% | 45.3% | -4.6 bps | — | 0% | 3rd | $1.1212 | 76.7% |
| Market | $5k–$10k • Odd Lot | 197 | 9,845 | 92.1% | 70.7% | 55.8 bps | — | 0% | 100th | $0.6184 | 100.0% |
| Market | $5k–$10k • Round Lot | 359 | 204,752 | 63.4% | 48.9% | -4.3 bps | — | 0% | 0th | $0.2722 | 99.3% |
| Market | $10k–$20k • Odd Lot | 66 | 3,865 | — | — | — | — | — | — | — | — |
| Market | $10k–$20k • Round Lot | 423 | 351,691 | 62.8% | 35.6% | 11.9 bps | — | 0% | 96th | $0.3049 | 89.7% |
| Market | $20k–$50k • Round Lot | 421 | 472,054 | 59.7% | 37.4% | 3.7 bps | — | 0% | 68th | $0.4015 | 100.0% |
| Market | $50k–$200k • Round Lot | 276 | 669,904 | 51.0% | 39.9% | -2.6 bps | — | 0% | 3rd | $0.6896 | 100.0% |
| Market | ≥$200k • Round Lot | 96,680 | 13,911,611 | 5.1% | 43.9% | 13.1 bps | -0.9 bps | 23% | 95th | $1.0010 | 66.7% |
| Marketable Limit | <$250 • Odd Lot | 83,297,358 | 658,678,473 | 9.0% | 15.3% | -137.1 bps | -13.1 bps | 100% | 1st | $0.2061 | 78.0% |
| Marketable Limit | <$250 • Round Lot | 9,255,586 | 2,277,420,686 | 12.1% | 13.1% | -305.8 bps | -42.3 bps | 100% | 1st | $0.0353 | 86.3% |
| Marketable Limit | $250–$999 • Odd Lot | 107,015,470 | 2,356,030,603 | 3.8% | 12.6% | -61.3 bps | -9.2 bps | 100% | 1st | $0.2498 | 82.3% |
| Marketable Limit | $250–$999 • Round Lot | 41,492,396 | 11,268,172,951 | 6.3% | 14.2% | -63.5 bps | -18.9 bps | 100% | 3rd | $5.9833 | 82.8% |
| Marketable Limit | $1k–$5k • Odd Lot | 141,313,932 | 5,057,779,132 | 2.5% | 10.5% | -28.1 bps | -4.2 bps | 100% | 1st | $0.5530 | 84.7% |
| Marketable Limit | $1k–$5k • Round Lot | 248,065,379 | 52,308,553,433 | 3.1% | 16.7% | -45.8 bps | -7.8 bps | 100% | 1st | $-13.1268 | 81.5% |
| Marketable Limit | $5k–$10k • Odd Lot | 40,657,081 | 1,880,524,055 | 1.7% | 9.3% | -28.5 bps | -3.5 bps | 100% | 1st | $1.4016 | 88.1% |
| Marketable Limit | $5k–$10k • Round Lot | 157,800,492 | 50,106,994,389 | 1.7% | 18.4% | -28.6 bps | -2.9 bps | 98% | 1st | $0.6684 | 81.1% |
| Marketable Limit | $10k–$20k • Odd Lot | 12,658,738 | 591,275,262 | 1.7% | 8.0% | -23.3 bps | -1.7 bps | 100% | 0th | $1.9971 | 89.9% |
| Marketable Limit | $10k–$20k • Round Lot | 143,819,423 | 68,934,063,146 | 1.3% | 18.3% | -25.2 bps | -2.4 bps | 96% | 1st | $0.3083 | 81.1% |
| Marketable Limit | $20k–$50k • Odd Lot | 336,594 | 20,066,680 | 1.9% | 7.1% | -15.7 bps | -1.0 bps | 98% | 0th | $2.9647 | 92.2% |
| Marketable Limit | $20k–$50k • Round Lot | 120,465,368 | 111,123,016,678 | 1.0% | 19.3% | -22.7 bps | -1.6 bps | 96% | 1st | $0.2625 | 81.0% |
| Marketable Limit | $50k–$200k • Round Lot | 70,280,470 | 194,280,449,222 | 0.6% | 17.6% | -20.5 bps | -1.1 bps | 96% | 0th | $2.6988 | 79.2% |
| Marketable Limit | ≥$200k • Round Lot | 15,421,724 | 246,320,888,599 | 0.2% | 16.3% | -22.3 bps | -1.5 bps | 88% | 0th | $0.6910 | 83.5% |
| Non-Marketable Limit | <$250 • Odd Lot | 627,396,853 | 4,328,185,189 | 4.3% | 98.9% | 6.1 bps | 119.4 bps | 100% | 4th | $859.5065 | 59.8% |
| Non-Marketable Limit | <$250 • Round Lot | 77,890,602 | 17,805,040,055 | 4.3% | 99.4% | 0.1 bps | 157.8 bps | 100% | 0th | $3357.7457 | 66.3% |
| Non-Marketable Limit | $250–$999 • Odd Lot | 1,094,902,807 | 17,493,372,096 | 1.6% | 98.8% | 11.4 bps | 48.1 bps | 100% | 33rd | $631.2395 | 68.7% |
| Non-Marketable Limit | $250–$999 • Round Lot | 283,552,455 | 75,988,849,980 | 2.4% | 99.0% | 0.3 bps | 148.5 bps | 100% | 0th | $2890.4091 | 62.5% |
| Non-Marketable Limit | $1k–$5k • Odd Lot | 1,162,180,768 | 35,116,896,463 | 1.3% | 98.9% | 22.8 bps | 30.9 bps | 100% | 88th | $520.4036 | 72.4% |
| Non-Marketable Limit | $1k–$5k • Round Lot | 1,525,566,389 | 287,939,492,623 | 1.3% | 98.7% | 1.7 bps | 129.5 bps | 100% | 0th | $2014.6048 | 62.0% |
| Non-Marketable Limit | $5k–$10k • Odd Lot | 328,276,319 | 14,773,451,145 | 0.9% | 99.4% | 34.4 bps | 23.8 bps | 100% | 95th | $542.0939 | 76.4% |
| Non-Marketable Limit | $5k–$10k • Round Lot | 1,127,150,635 | 281,454,397,314 | 0.7% | 98.8% | 3.4 bps | 235.4 bps | 99% | 2nd | $1762.9156 | 61.6% |
| Non-Marketable Limit | $10k–$20k • Odd Lot | 109,464,853 | 5,474,836,553 | 0.8% | 99.6% | 52.3 bps | 24.7 bps | 100% | 96th | $390.1641 | 78.2% |
| Non-Marketable Limit | $10k–$20k • Round Lot | 1,156,228,322 | 390,777,181,169 | 0.5% | 98.9% | 4.0 bps | 346.0 bps | 98% | 7th | $1731.7484 | 60.8% |
| Non-Marketable Limit | $20k–$50k • Odd Lot | 3,956,266 | 237,573,025 | 0.7% | 99.8% | 63.8 bps | 22.4 bps | 100% | 94th | $702.9612 | 82.7% |
| Non-Marketable Limit | $20k–$50k • Round Lot | 1,041,258,764 | 653,679,525,129 | 0.3% | 99.0% | 8.2 bps | 40.4 bps | 97% | 34th | $785.8164 | 60.3% |
| Non-Marketable Limit | $50k–$200k • Odd Lot | 60 | 469 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $50k–$200k • Round Lot | 534,843,540 | 952,470,516,253 | 0.2% | 99.0% | 11.1 bps | 32.9 bps | 97% | 71st | $711.4838 | 56.9% |
| Non-Marketable Limit | ≥$200k • Round Lot | 83,148,084 | 576,594,765,858 | 0.2% | 98.8% | 8.1 bps | 23.9 bps | 93% | 70th | $1608.0026 | 54.8% |
| Market | <$250 • Odd Lot | 3,758 | 113,821 | 10.9% | 75.4% | 38.7 bps | — | 0% | 100th | $5.5730 | 33.9% |
| Market | <$250 • Round Lot | 9,017 | 1,203,837 | 7.0% | 68.3% | 50.2 bps | — | 0% | 0th | $0.2961 | 30.2% |
| Market | $250–$999 • Odd Lot | 1,028 | 2,190 | 94.7% | 63.8% | 67.0 bps | — | 0% | 100th | $0.4640 | 100.0% |
| Market | $1k–$5k • Odd Lot | 664 | 8,549 | 93.4% | 60.9% | 43.3 bps | — | 0% | 100th | $1.2189 | 99.8% |
| Market | $1k–$5k • Round Lot | 38 | 4,225 | — | — | — | — | — | — | — | — |
| Market | $5k–$10k • Odd Lot | 304 | 9,751 | 94.1% | 71.8% | 54.7 bps | — | 0% | 100th | $0.9202 | 100.0% |
| Market | $5k–$10k • Round Lot | 65 | 9,229 | — | — | — | — | — | — | — | — |
| Market | $10k–$20k • Odd Lot | 209 | 8,216 | 92.7% | 56.3% | 26.9 bps | — | 0% | 99th | $2.4582 | 100.0% |
| Market | $10k–$20k • Round Lot | 216 | 30,806 | 80.5% | 51.7% | 28.8 bps | — | 0% | 97th | $1.2324 | 100.0% |
| Market | $20k–$50k • Odd Lot | 56 | 1,819 | — | — | — | — | — | — | — | — |
| Market | $20k–$50k • Round Lot | 396 | 71,527 | 72.8% | 55.1% | 33.2 bps | — | 0% | 100th | $0.8574 | 100.0% |
| Market | $50k–$200k • Round Lot | 307 | 150,040 | 66.8% | 44.9% | 9.6 bps | — | 0% | 98th | $2.5159 | 100.0% |
| Market | ≥$200k • Round Lot | 23,539 | 2,475,318 | 7.1% | 45.9% | 36.6 bps | 1.3 bps | 21% | 98th | $2.9067 | 74.8% |
| Marketable Limit | <$250 • Odd Lot | 15,312,906 | 20,128,370 | 6.6% | 16.2% | -17.5 bps | -1.2 bps | 100% | 0th | $0.6407 | 70.8% |
| Marketable Limit | <$250 • Round Lot | 6 | 600 | — | — | — | — | — | — | — | — |
| Marketable Limit | $250–$999 • Odd Lot | 29,486,483 | 118,681,199 | 5.3% | 13.6% | -17.5 bps | -1.6 bps | 100% | 0th | $0.8396 | 75.9% |
| Marketable Limit | $250–$999 • Round Lot | 22,174 | 2,222,813 | 7.9% | 33.8% | -5.8 bps | -1.2 bps | 100% | 13th | $0.0864 | 65.6% |
| Marketable Limit | $1k–$5k • Odd Lot | 49,423,326 | 964,565,299 | 4.0% | 8.9% | -19.9 bps | -2.4 bps | 100% | 0th | $1.0507 | 83.7% |
| Marketable Limit | $1k–$5k • Round Lot | 16,067,511 | 1,811,202,104 | 3.2% | 23.4% | -13.0 bps | -3.1 bps | 100% | 2nd | $0.1366 | 74.9% |
| Marketable Limit | $5k–$10k • Odd Lot | 29,171,432 | 883,104,499 | 2.7% | 6.9% | -21.3 bps | -2.7 bps | 100% | 0th | $1.9534 | 85.1% |
| Marketable Limit | $5k–$10k • Round Lot | 30,633,383 | 4,216,556,251 | 2.3% | 18.7% | -11.2 bps | -2.7 bps | 100% | 2nd | $0.2060 | 79.3% |
| Marketable Limit | $10k–$20k • Odd Lot | 17,807,357 | 611,109,623 | 2.6% | 6.3% | -20.1 bps | -2.5 bps | 100% | 0th | $2.6529 | 89.6% |
| Marketable Limit | $10k–$20k • Round Lot | 45,935,360 | 6,734,702,189 | 2.0% | 15.9% | -16.4 bps | -4.6 bps | 100% | 0th | $0.8762 | 81.4% |
| Marketable Limit | $20k–$50k • Odd Lot | 2,497,590 | 78,718,284 | 2.8% | 6.4% | -20.2 bps | -1.5 bps | 100% | 0th | $4.9291 | 91.2% |
| Marketable Limit | $20k–$50k • Round Lot | 65,374,905 | 10,123,791,984 | 1.9% | 12.4% | -16.6 bps | -3.3 bps | 100% | 0th | $1.4957 | 84.1% |
| Marketable Limit | $50k–$200k • Odd Lot | 159 | 1,328 | 19.5% | 10.0% | -5.5 bps | 2.6 bps | 100% | 0th | $33.9459 | 93.4% |
| Marketable Limit | $50k–$200k • Round Lot | 43,015,696 | 9,836,295,891 | 2.1% | 8.0% | -18.9 bps | 0.9 bps | 100% | 0th | $2.5299 | 85.1% |
| Marketable Limit | ≥$200k • Round Lot | 4,556,122 | 5,071,003,817 | 3.5% | 5.0% | -20.0 bps | -1.3 bps | 100% | 0th | $3.6422 | 88.6% |
| Non-Marketable Limit | <$250 • Odd Lot | 91,874,515 | 115,496,370 | 4.1% | 98.8% | 15.8 bps | 17.0 bps | 100% | 94th | $772.7677 | 55.5% |
| Non-Marketable Limit | <$250 • Round Lot | 1,129 | 2,420,034 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $250–$999 • Odd Lot | 230,185,573 | 873,528,061 | 2.5% | 98.9% | 18.2 bps | 17.1 bps | 100% | 95th | $1002.3157 | 62.5% |
| Non-Marketable Limit | $250–$999 • Round Lot | 136,975 | 14,515,422 | 3.4% | 97.7% | 57.4 bps | 48.6 bps | 100% | 90th | $0.1954 | 55.1% |
| Non-Marketable Limit | $1k–$5k • Odd Lot | 407,792,400 | 6,589,693,567 | 2.1% | 99.1% | 26.3 bps | 17.7 bps | 100% | 96th | $655.8535 | 73.2% |
| Non-Marketable Limit | $1k–$5k • Round Lot | 61,648,579 | 6,688,018,414 | 1.8% | 98.5% | 20.1 bps | 23.5 bps | 100% | 95th | $75.4140 | 65.4% |
| Non-Marketable Limit | $5k–$10k • Odd Lot | 230,543,508 | 6,737,324,750 | 1.5% | 99.2% | 37.9 bps | 19.6 bps | 100% | 96th | $498.0279 | 73.9% |
| Non-Marketable Limit | $5k–$10k • Round Lot | 154,885,805 | 18,755,504,317 | 1.2% | 99.0% | 26.1 bps | 21.1 bps | 100% | 94th | $127.4130 | 71.9% |
| Non-Marketable Limit | $10k–$20k • Odd Lot | 115,638,609 | 4,002,509,992 | 1.5% | 99.5% | 36.6 bps | 18.3 bps | 100% | 96th | $656.0893 | 78.3% |
| Non-Marketable Limit | $10k–$20k • Round Lot | 355,297,212 | 39,640,751,049 | 0.9% | 99.3% | 42.5 bps | 29.8 bps | 100% | 96th | $206.8545 | 71.8% |
| Non-Marketable Limit | $20k–$50k • Odd Lot | 13,189,694 | 402,369,546 | 1.8% | 99.7% | 44.3 bps | 14.8 bps | 100% | 95th | $774.6638 | 79.7% |
| Non-Marketable Limit | $20k–$50k • Round Lot | 561,452,087 | 68,827,325,122 | 0.8% | 99.5% | 70.8 bps | 23.6 bps | 100% | 99th | $318.7263 | 72.3% |
| Non-Marketable Limit | $50k–$200k • Odd Lot | 10,726 | 89,639 | 8.7% | 100.0% | 57.3 bps | 18.0 bps | 100% | 98th | $46.4099 | 97.7% |
| Non-Marketable Limit | $50k–$200k • Round Lot | 283,061,497 | 61,620,193,556 | 0.9% | 99.5% | 39.3 bps | 17.3 bps | 100% | 96th | $480.8579 | 65.5% |
| Non-Marketable Limit | ≥$200k • Round Lot | 23,329,701 | 20,096,278,943 | 1.8% | 99.5% | 30.9 bps | 12.4 bps | 100% | 96th | $946.1624 | 59.3% |
2. Broker-Dealers Routing Here (Reverse 606 Index)
Firms directing customer order flow to this market center under SEC Rule 606(a), with route percentages and PFOF rates.
| Broker-Dealer | CRD | Month | Section | Route % | Mkt % | Limit % | PFOF Mkt (¢/100) | PFOF Mkt ($) | Action |
|---|---|---|---|---|---|---|---|---|---|
| FENX | 159481 | 7- | other_stocks | 0.5% | 0.1% | 1.0% | -30.00 ¢ | $-0.39 | Firm Review → |
| FENX | 159481 | 8- | sp500 | 1.4% | 1.5% | 1.2% | -30.00 ¢ | $-4.52 | Firm Review → |
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 |
|---|---|---|---|---|---|
| EDGK202607.zip | 202607 | detailed | stored | 2026-09-28T20:18:17.290+00:00 | File Link ↗ |
| EDGK202608.csv | 202608 | summary | stored | 2026-09-28T17:55:05.063+00:00 | File Link ↗ |
| EDGK202608.zip | 202608 | detailed | stored | 2026-09-28T17:55:05.725+00:00 | File Link ↗ |
| EDGK202609.zip | 202609 | detailed | stored | 2026-10-15T18:07:20.992538687+00:00 | File Link ↗ |
| EDGK202609.csv | 202609 | summary | stored | 2026-10-05T20:24:23.526+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
6
Tiers with < 100 covered ordersMissing Files
0
Months unretrievableMethodological 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.
Does your firm route to Cboe EDGX Exchange? See which competing venues beat it on your symbol mix → Enter your Firm CRD