FORIS CAPITAL US LLC

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

Status: ACTIVE

Generated: Wed, 14 Oct 2026 19:13:55 GMT

Quarter:2026Q3

Covered Orders78,505Across all reported tiers

Covered Shares3,086,660In Q3 2026

Active Tiers70Order 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 • FRACT	4,781	1,249	—	99.8%	2.5 bps	—	—	61st	—	100.0%
market	<$250 • ODD	29,774	162,398	—	84.4%	9.3 bps	—	—	73rd	—	100.0%
market	<$250 • ROUND	837	240,714	—	53.4%	16.9 bps	—	—	31st	—	100.0%
market	$250–$999 • FRACT	45	28	—	—	—	—	—	—	—	—
market	$250–$999 • ODD	5,732	65,483	—	92.1%	5.5 bps	—	—	53rd	—	100.0%
market	$250–$999 • ROUND	686	373,774	—	63.9%	16.9 bps	—	—	64th	—	100.0%
market	$1k–$5k • FRACT	2	1	—	—	—	—	—	—	—	—
market	$1k–$5k • ODD	1,433	31,866	—	93.2%	3.6 bps	—	—	36th	—	100.0%
market	$1k–$5k • ROUND	807	713,590	—	55.2%	8.8 bps	—	—	68th	—	99.9%
market	$5k–$10k • ODD	85	4,169	—	—	—	—	—	—	—	—
market	$5k–$10k • ROUND	130	307,369	—	35.2%	2.4 bps	—	—	21st	—	100.0%
market	$10k–$20k • ODD	21	1,624	—	—	—	—	—	—	—	—
market	$10k–$20k • ROUND	104	281,417	—	41.4%	1.4 bps	—	—	14th	—	100.0%
market	$20k–$50k • ROUND	40	51,004	—	—	—	—	—	—	—	—
market	$50k–$200k • ROUND	21	364,154	—	—	—	—	—	—	—	—
market	≥$200k • ROUND	1	1,075	—	—	—	—	—	—	—	—
marketable_limit	<$250 • FRACT	24	8	—	—	—	—	—	—	—	—
marketable_limit	<$250 • ODD	150	2,232	—	67.4%	20.5 bps	—	—	98th	—	100.0%
marketable_limit	<$250 • ROUND	36	15,086	—	—	—	—	—	—	—	—
marketable_limit	$250–$999 • ODD	53	863	—	—	—	—	—	—	—	—
marketable_limit	$250–$999 • ROUND	17	15,500	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ODD	11	198	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ROUND	15	20,670	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ODD	3	177	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ROUND	1	100	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ODD	1	83	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ROUND	2	1,586	—	—	—	—	—	—	—	—
marketable_limit	$20k–$50k • ROUND	1	3,640	—	—	—	—	—	—	—	—
nonmarketable_limit	<$250 • FRACT	874	227	—	100.0%	83.5 bps	—	—	100th	—	30.7%
nonmarketable_limit	<$250 • ODD	3,389	31,994	—	100.0%	78.1 bps	—	—	94th	—	29.7%
nonmarketable_limit	<$250 • ROUND	248	62,530	—	100.0%	38.2 bps	—	—	30th	—	55.0%
nonmarketable_limit	$250–$999 • FRACT	9	6	—	—	—	—	—	—	—	—
nonmarketable_limit	$250–$999 • ODD	469	9,858	—	100.0%	38.8 bps	—	—	95th	—	26.0%
nonmarketable_limit	$250–$999 • ROUND	165	92,197	—	100.0%	281.5 bps	—	—	100th	—	47.9%
nonmarketable_limit	$1k–$5k • ODD	174	5,582	—	100.0%	26.8 bps	—	—	93rd	—	51.4%
nonmarketable_limit	$1k–$5k • ROUND	154	105,714	—	100.0%	10.0 bps	—	—	20th	—	34.8%
nonmarketable_limit	$5k–$10k • ODD	31	1,961	—	—	—	—	—	—	—	—
nonmarketable_limit	$5k–$10k • ROUND	30	36,176	—	—	—	—	—	—	—	—
nonmarketable_limit	$10k–$20k • ODD	1	80	—	—	—	—	—	—	—	—
nonmarketable_limit	$10k–$20k • ROUND	19	17,557	—	—	—	—	—	—	—	—
nonmarketable_limit	$20k–$50k • ROUND	13	9,783	—	—	—	—	—	—	—	—
market	<$250 • FRACT	5,461	749	—	99.5%	1.1 bps	—	—	20th	—	100.0%
market	<$250 • ODD	8,010	9,044	—	96.4%	1.2 bps	—	—	7th	—	100.0%
market	$250–$999 • FRACT	152	86	—	98.7%	1.3 bps	—	—	19th	—	100.0%
market	$250–$999 • ODD	11,158	15,067	—	95.9%	1.4 bps	—	—	10th	—	100.0%
market	$1k–$5k • FRACT	6	5	—	—	—	—	—	—	—	—
market	$1k–$5k • ODD	1,601	9,589	—	95.4%	1.3 bps	—	—	7th	—	100.0%
market	$1k–$5k • ROUND	11	1,289	—	—	—	—	—	—	—	—
market	$5k–$10k • ODD	115	2,931	—	97.7%	1.9 bps	—	—	21st	—	100.0%
market	$5k–$10k • ROUND	10	2,495	—	—	—	—	—	—	—	—
market	$10k–$20k • ODD	29	833	—	—	—	—	—	—	—	—
market	$10k–$20k • ROUND	11	1,773	—	—	—	—	—	—	—	—
market	$20k–$50k • ODD	1	23	—	—	—	—	—	—	—	—
market	$20k–$50k • ROUND	10	2,146	—	—	—	—	—	—	—	—
market	$50k–$200k • ROUND	5	3,207	—	—	—	—	—	—	—	—
marketable_limit	<$250 • FRACT	35	7	—	—	—	—	—	—	—	—
marketable_limit	<$250 • ODD	10	24	—	—	—	—	—	—	—	—
marketable_limit	$250–$999 • FRACT	1	0	—	—	—	—	—	—	—	—
marketable_limit	$250–$999 • ODD	11	90	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ODD	10	108	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ROUND	1	300	—	—	—	—	—	—	—	—
nonmarketable_limit	<$250 • FRACT	1,017	147	—	100.0%	43.0 bps	—	—	100th	—	49.9%
nonmarketable_limit	<$250 • ODD	156	279	—	100.0%	35.9 bps	—	—	96th	—	44.7%
nonmarketable_limit	$250–$999 • FRACT	19	11	—	—	—	—	—	—	—	—
nonmarketable_limit	$250–$999 • ODD	171	757	—	100.0%	3.1 bps	—	—	18th	—	58.0%
nonmarketable_limit	$1k–$5k • ODD	84	1,145	—	—	—	—	—	—	—	—
nonmarketable_limit	$1k–$5k • ROUND	4	406	—	—	—	—	—	—	—	—
nonmarketable_limit	$5k–$10k • ODD	15	298	—	—	—	—	—	—	—	—
nonmarketable_limit	$10k–$20k • ODD	1	15	—	—	—	—	—	—	—	—
nonmarketable_limit	$10k–$20k • ROUND	1	113	—	—	—	—	—	—	—	—

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
FORS202608.zip	202608	detailed	stored	2026-09-30T21:17:20.841288381+00:00	File Link ↗
FORS202608.csv	202608	summary	stored	2026-09-30T21:17:20.841289583+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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