CETERA WEALTH SERVICES, LLC

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

Status: ACTIVE

Generated: Thu, 15 Oct 2026 22:39:45 GMT

Quarter:2026Q3

Covered Orders357,507Across all reported tiers

Covered Shares70,972,709In Q3 2026

Active Tiers84Order 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	11,451	4,525	—	70.6%	2.1 bps	—	—	45th	—	100.0%
Market	<$250 • Odd Lot	9,535	35,428	—	94.4%	4.6 bps	—	—	31st	—	98.8%
Market	<$250 • Round Lot	18	4,641	—	—	—	—	—	—	—	—
Market	$250–$999 • Fractional	243	181	—	53.8%	0.5 bps	—	—	17th	—	100.0%
Market	$250–$999 • Odd Lot	47,896	521,879	—	94.0%	4.1 bps	—	—	35th	—	98.9%
Market	$250–$999 • Round Lot	401	85,047	—	94.8%	16.3 bps	—	—	54th	—	99.8%
Market	$1k–$5k • Fractional	2	2	—	—	—	—	—	—	—	—
Market	$1k–$5k • Odd Lot	68,304	2,176,728	—	92.7%	3.4 bps	—	—	39th	—	98.8%
Market	$1k–$5k • Round Lot	9,053	1,942,378	—	94.5%	5.5 bps	—	—	35th	—	99.2%
Market	$5k–$10k • Odd Lot	14,663	748,462	—	92.6%	2.5 bps	—	—	27th	—	98.8%
Market	$5k–$10k • Round Lot	17,135	4,054,756	—	93.6%	3.9 bps	—	—	38th	—	99.2%
Market	$10k–$20k • Odd Lot	4,805	263,581	—	92.6%	2.3 bps	—	—	18th	—	99.2%
Market	$10k–$20k • Round Lot	20,868	7,134,307	—	93.2%	3.1 bps	—	—	40th	—	99.1%
Market	$20k–$50k • Odd Lot	654	39,374	—	93.4%	1.2 bps	—	—	10th	—	99.5%
Market	$20k–$50k • Round Lot	19,945	12,278,385	—	93.0%	2.6 bps	—	—	41st	—	98.8%
Market	$50k–$200k • Round Lot	9,716	15,455,683	—	87.9%	2.0 bps	—	—	52nd	—	97.9%
Market	≥$200k • Round Lot	1,697	16,309,749	—	49.8%	0.1 bps	—	—	60th	—	88.5%
Marketable Limit	<$250 • Odd Lot	2	32	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Odd Lot	20	477	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Round Lot	1	100	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Odd Lot	196	8,442	—	95.3%	4.2 bps	—	—	79th	—	100.0%
Marketable Limit	$1k–$5k • Round Lot	50	12,891	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Odd Lot	110	7,986	—	94.9%	3.1 bps	—	—	76th	—	100.0%
Marketable Limit	$5k–$10k • Round Lot	214	65,655	—	95.0%	7.0 bps	—	—	80th	—	100.0%
Marketable Limit	$10k–$20k • Odd Lot	13	686	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	324	240,904	—	59.9%	4.1 bps	—	—	69th	—	69.0%
Marketable Limit	$20k–$50k • Odd Lot	1	32	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	295	262,364	—	85.7%	4.1 bps	—	—	83rd	—	97.2%
Marketable Limit	$50k–$200k • Round Lot	132	409,912	—	68.1%	2.1 bps	—	—	81st	—	87.0%
Marketable Limit	≥$200k • Round Lot	43	1,670,085	—	—	—	—	—	—	—	—
Non-Marketable Limit	<$250 • Odd Lot	6	26	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Odd Lot	53	1,016	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Round Lot	7	985	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Odd Lot	273	9,788	—	100.0%	6.2 bps	—	—	11th	—	50.7%
Non-Marketable Limit	$1k–$5k • Round Lot	144	42,991	—	100.0%	9.8 bps	—	—	19th	—	14.6%
Non-Marketable Limit	$5k–$10k • Odd Lot	127	5,386	—	100.0%	7.0 bps	—	—	36th	—	44.4%
Non-Marketable Limit	$5k–$10k • Round Lot	224	100,135	—	100.0%	21.0 bps	—	—	67th	—	31.1%
Non-Marketable Limit	$10k–$20k • Odd Lot	55	2,488	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Round Lot	253	166,828	—	100.0%	17.9 bps	—	—	73rd	—	22.9%
Non-Marketable Limit	$20k–$50k • Odd Lot	13	791	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	220	259,898	—	100.0%	21.3 bps	—	—	88th	—	25.1%
Non-Marketable Limit	$50k–$200k • Round Lot	139	311,389	—	100.0%	16.1 bps	—	—	88th	—	32.3%
Non-Marketable Limit	≥$200k • Round Lot	15	79,027	—	—	—	—	—	—	—	—
Market	<$250 • Fractional	8,767	1,784	—	73.4%	2.9 bps	—	—	70th	—	100.0%
Market	<$250 • Odd Lot	3,645	6,882	—	98.2%	3.0 bps	—	—	59th	—	99.5%
Market	$250–$999 • Fractional	636	436	—	35.1%	1.3 bps	—	—	23rd	—	100.0%
Market	$250–$999 • Odd Lot	28,842	122,718	—	97.5%	3.6 bps	—	—	83rd	—	99.3%
Market	$1k–$5k • Fractional	5	4	—	—	—	—	—	—	—	—
Market	$1k–$5k • Odd Lot	41,513	603,091	—	97.7%	3.4 bps	—	—	80th	—	99.2%
Market	$1k–$5k • Round Lot	980	116,247	—	98.4%	2.3 bps	—	—	88th	—	99.3%
Market	$5k–$10k • Odd Lot	11,889	365,878	—	97.1%	3.2 bps	—	—	72nd	—	99.0%
Market	$5k–$10k • Round Lot	1,747	288,248	—	98.1%	2.1 bps	—	—	82nd	—	98.7%
Market	$10k–$20k • Odd Lot	5,428	228,584	—	97.2%	3.1 bps	—	—	68th	—	99.5%
Market	$10k–$20k • Round Lot	3,767	660,555	—	97.8%	2.4 bps	—	—	65th	—	99.6%
Market	$20k–$50k • Odd Lot	986	45,115	—	96.5%	3.2 bps	—	—	56th	—	99.4%
Market	$20k–$50k • Round Lot	5,606	1,235,514	—	97.1%	2.6 bps	—	—	69th	—	99.6%
Market	$50k–$200k • Odd Lot	4	141	—	—	—	—	—	—	—	—
Market	$50k–$200k • Round Lot	2,664	1,239,639	—	96.0%	2.6 bps	—	—	69th	—	99.8%
Market	≥$200k • Round Lot	464	1,032,981	—	73.0%	1.5 bps	—	—	68th	—	99.1%
Marketable Limit	<$250 • Odd Lot	1	2	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Odd Lot	4	28	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Odd Lot	50	765	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Round Lot	3	350	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Odd Lot	38	1,331	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Round Lot	7	1,404	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Odd Lot	17	758	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	19	2,948	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Odd Lot	5	142	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	43	8,927	—	—	—	—	—	—	—	—
Marketable Limit	$50k–$200k • Round Lot	35	11,253	—	—	—	—	—	—	—	—
Marketable Limit	≥$200k • Round Lot	24	68,524	—	—	—	—	—	—	—	—
Non-Marketable Limit	<$250 • Odd Lot	6	6	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Odd Lot	38	238	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Odd Lot	216	3,334	—	100.0%	3.6 bps	—	—	33rd	—	62.8%
Non-Marketable Limit	$1k–$5k • Round Lot	15	1,826	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Odd Lot	175	5,522	—	100.0%	2.0 bps	—	—	6th	—	62.7%
Non-Marketable Limit	$5k–$10k • Round Lot	33	5,525	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Odd Lot	95	3,240	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Round Lot	71	14,062	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Odd Lot	18	455	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	128	25,922	—	100.0%	2.1 bps	—	—	11th	—	54.5%
Non-Marketable Limit	$50k–$200k • Odd Lot	1	35	—	—	—	—	—	—	—	—
Non-Marketable Limit	$50k–$200k • Round Lot	142	40,579	—	100.0%	4.7 bps	—	—	79th	—	61.5%
Non-Marketable Limit	≥$200k • Round Lot	64	112,298	—	—	—	—	—	—	—	—

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
FNIC202608.zip	202608	detailed	stored	2026-10-15T19:56:08.771846570+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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