FUTU CLEARING INC

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

Status: ACTIVE

Generated: Wed, 14 Oct 2026 19:27:51 GMT

Quarter:2026Q3

Covered Orders9,569,418Across all reported tiers

Covered Shares2,834,974,561In Q3 2026

Active Tiers101Order 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	168,530	32,951	100.0%	2.8%	0.0 bps	0.9 bps	84%	3rd	$0.0809	100.0%
market	<$250 • ODD	168,530	894,386	0.0%	78.8%	4.8 bps	2.2 bps	74%	31st	$0.0192	99.8%
market	<$250 • ROUND	4,871	993,342	—	40.2%	12.6 bps	—	—	17th	—	99.9%
market	$250–$999 • FRACT	12,508	7,942	100.0%	4.6%	-0.0 bps	0.4 bps	98%	0th	$0.0899	100.0%
market	$250–$999 • ODD	120,585	1,805,188	0.0%	90.4%	5.2 bps	0.6 bps	100%	44th	$0.0181	99.7%
market	$250–$999 • ROUND	13,151	4,086,175	—	41.8%	6.9 bps	—	—	10th	—	99.8%
market	$1k–$5k • FRACT	31	22	—	—	—	—	—	—	—	—
market	$1k–$5k • ODD	102,265	2,680,973	—	92.0%	3.9 bps	—	—	45th	—	99.7%
market	$1k–$5k • ROUND	50,314	18,356,557	—	56.4%	4.4 bps	—	—	25th	—	99.7%
market	$5k–$10k • ODD	21,902	1,050,488	—	92.9%	3.4 bps	—	—	47th	—	99.7%
market	$5k–$10k • ROUND	24,688	11,811,518	—	64.7%	2.8 bps	—	—	25th	—	99.8%
market	$10k–$20k • ODD	6,429	393,827	—	94.4%	4.0 bps	—	—	56th	—	99.7%
market	$10k–$20k • ROUND	32,013	15,914,479	—	64.8%	2.0 bps	—	—	28th	—	99.8%
market	$20k–$50k • ODD	458	35,223	—	96.0%	4.5 bps	—	—	74th	—	100.0%
market	$20k–$50k • ROUND	25,937	25,167,315	—	60.3%	1.5 bps	—	—	24th	—	99.3%
market	$50k–$200k • ROUND	12,392	30,123,961	—	50.1%	0.2 bps	—	—	18th	—	99.3%
market	≥$200k • ROUND	2,638	32,988,647	—	28.7%	-4.9 bps	—	—	3rd	—	96.6%
marketable_limit	<$250 • FRACT	31,605	7,999	100.0%	5.7%	-0.1 bps	0.9 bps	68%	0th	$0.1012	97.2%
marketable_limit	<$250 • ODD	235,087	2,494,848	0.0%	84.2%	4.5 bps	-5.4 bps	85%	54th	$0.0176	99.8%
marketable_limit	<$250 • ROUND	13,513	3,188,849	—	36.0%	10.3 bps	—	—	55th	—	99.2%
marketable_limit	$250–$999 • FRACT	2,743	1,688	99.9%	10.4%	-0.0 bps	0.2 bps	83%	0th	$0.1152	99.8%
marketable_limit	$250–$999 • ODD	222,327	5,777,358	0.0%	90.8%	3.3 bps	-0.1 bps	100%	54th	$0.0146	99.7%
marketable_limit	$250–$999 • ROUND	57,583	16,479,542	—	53.8%	6.3 bps	—	—	49th	—	98.9%
marketable_limit	$1k–$5k • FRACT	21	16	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ODD	185,793	6,293,868	—	90.7%	2.5 bps	—	—	59th	—	99.7%
marketable_limit	$1k–$5k • ROUND	216,147	79,447,442	—	71.4%	3.1 bps	—	—	51st	—	98.9%
marketable_limit	$5k–$10k • ODD	35,249	1,758,559	—	91.9%	2.2 bps	—	—	62nd	—	99.8%
marketable_limit	$5k–$10k • ROUND	93,132	62,196,430	—	71.4%	2.0 bps	—	—	50th	—	98.0%
marketable_limit	$10k–$20k • ODD	9,491	618,493	—	93.2%	2.5 bps	—	—	58th	—	99.9%
marketable_limit	$10k–$20k • ROUND	82,382	77,561,775	—	68.8%	1.5 bps	—	—	56th	—	97.9%
marketable_limit	$20k–$50k • ODD	556	39,094	—	94.1%	2.7 bps	—	—	67th	—	99.6%
marketable_limit	$20k–$50k • ROUND	68,244	149,336,076	—	57.3%	1.1 bps	—	—	56th	—	97.2%
marketable_limit	$50k–$200k • ROUND	44,914	237,331,763	—	45.7%	0.5 bps	—	—	48th	—	95.2%
marketable_limit	≥$200k • ROUND	11,627	270,538,625	—	32.4%	-1.6 bps	—	—	16th	—	84.9%
nonmarketable_limit	<$250 • FRACT	67,109	17,756	79.5%	100.0%	5.9 bps	5.5 bps	78%	0th	$0.0402	27.4%
nonmarketable_limit	<$250 • ODD	710,770	6,664,958	—	100.0%	16.2 bps	—	—	34th	—	37.4%
nonmarketable_limit	<$250 • ROUND	35,860	8,995,570	—	100.0%	67.7 bps	—	—	65th	—	48.2%
nonmarketable_limit	$250–$999 • FRACT	5,523	3,372	87.8%	100.0%	2.0 bps	1.7 bps	91%	0th	$0.0411	31.6%
nonmarketable_limit	$250–$999 • ODD	827,812	18,486,618	—	100.0%	11.1 bps	—	—	31st	—	44.5%
nonmarketable_limit	$250–$999 • ROUND	155,583	45,625,953	—	100.0%	46.4 bps	—	—	44th	—	42.6%
nonmarketable_limit	$1k–$5k • FRACT	76	56	—	—	—	—	—	—	—	—
nonmarketable_limit	$1k–$5k • ODD	793,792	24,582,706	—	100.0%	7.6 bps	—	—	25th	—	54.6%
nonmarketable_limit	$1k–$5k • ROUND	629,211	211,882,054	—	100.0%	15.8 bps	—	—	32nd	—	38.7%
nonmarketable_limit	$5k–$10k • ODD	159,317	7,709,509	—	100.0%	5.7 bps	—	—	27th	—	63.2%
nonmarketable_limit	$5k–$10k • ROUND	272,767	157,456,629	—	100.0%	11.5 bps	—	—	36th	—	38.8%
nonmarketable_limit	$10k–$20k • ODD	47,754	3,035,996	—	100.0%	5.7 bps	—	—	24th	—	63.3%
nonmarketable_limit	$10k–$20k • ROUND	254,560	175,439,001	—	100.0%	8.2 bps	—	—	34th	—	39.8%
nonmarketable_limit	$20k–$50k • ODD	2,522	197,795	—	100.0%	7.7 bps	—	—	22nd	—	59.4%
nonmarketable_limit	$20k–$50k • ROUND	198,699	261,014,296	—	100.0%	7.1 bps	—	—	29th	—	39.1%
nonmarketable_limit	$50k–$200k • ROUND	105,445	358,913,022	—	100.0%	6.5 bps	—	—	36th	—	38.7%
nonmarketable_limit	≥$200k • ROUND	21,493	307,717,056	—	100.0%	6.1 bps	—	—	43rd	—	30.6%
market	<$250 • FRACT	172,959	23,585	100.0%	4.0%	0.0 bps	1.4 bps	94%	0th	$0.1552	100.0%
market	<$250 • ODD	32,524	49,988	0.3%	95.0%	2.1 bps	1.7 bps	84%	31st	$0.0329	99.9%
market	$250–$999 • FRACT	11,661	6,951	100.0%	4.6%	0.0 bps	1.6 bps	89%	0th	$0.3691	100.0%
market	$250–$999 • ODD	82,831	237,652	0.1%	95.0%	2.2 bps	1.7 bps	98%	32nd	$0.0488	99.8%
market	$1k–$5k • FRACT	283	227	100.0%	6.7%	0.6 bps	4.4 bps	94%	0th	$1.4856	100.0%
market	$1k–$5k • ODD	106,104	1,061,500	0.0%	93.9%	2.3 bps	3.4 bps	100%	38th	$0.4458	99.7%
market	$1k–$5k • ROUND	1,497	160,125	—	96.1%	1.3 bps	—	—	19th	—	99.9%
market	$5k–$10k • ODD	32,893	758,030	—	93.9%	2.3 bps	—	—	34th	—	99.8%
market	$5k–$10k • ROUND	2,688	362,678	—	90.9%	1.1 bps	—	—	18th	—	99.9%
market	$10k–$20k • ODD	19,340	604,856	—	93.8%	2.1 bps	—	—	29th	—	99.8%
market	$10k–$20k • ROUND	11,472	1,435,194	—	87.4%	1.4 bps	—	—	25th	—	99.9%
market	$20k–$50k • ODD	7,313	233,513	—	93.5%	2.2 bps	—	—	23rd	—	99.8%
market	$20k–$50k • ROUND	17,720	2,854,596	—	85.6%	1.5 bps	—	—	30th	—	99.9%
market	$50k–$200k • ODD	219	7,386	—	96.8%	2.8 bps	—	—	16th	—	100.0%
market	$50k–$200k • ROUND	13,433	4,433,001	—	75.1%	1.2 bps	—	—	24th	—	99.9%
market	≥$200k • ROUND	2,890	7,257,500	—	39.8%	-0.4 bps	—	—	10th	—	99.4%
marketable_limit	<$250 • FRACT	42,916	7,979	100.0%	8.0%	-0.2 bps	1.1 bps	87%	7th	$0.2028	99.1%
marketable_limit	<$250 • ODD	28,850	48,175	0.0%	94.8%	1.3 bps	-3.8 bps	100%	44th	$0.0102	99.8%
marketable_limit	$250–$999 • FRACT	4,748	2,664	100.0%	8.2%	-0.2 bps	2.0 bps	81%	0th	$0.6281	99.6%
marketable_limit	$250–$999 • ODD	91,532	346,326	0.0%	94.4%	1.5 bps	-3.8 bps	100%	47th	$0.0712	99.8%
marketable_limit	$250–$999 • ROUND	8	800	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • FRACT	239	194	100.0%	6.1%	0.1 bps	3.9 bps	97%	13th	$1.6618	100.0%
marketable_limit	$1k–$5k • ODD	157,573	1,854,338	0.0%	93.2%	1.7 bps	-0.2 bps	100%	48th	$0.7399	99.8%
marketable_limit	$1k–$5k • ROUND	3,426	394,356	—	94.1%	1.1 bps	—	—	53rd	—	99.7%
marketable_limit	$5k–$10k • ODD	52,592	1,327,873	—	92.8%	1.8 bps	—	—	53rd	—	99.8%
marketable_limit	$5k–$10k • ROUND	6,470	984,122	—	89.7%	0.8 bps	—	—	53rd	—	99.7%
marketable_limit	$10k–$20k • ODD	29,867	979,007	—	91.7%	1.8 bps	—	—	57th	—	99.7%
marketable_limit	$10k–$20k • ROUND	18,014	2,407,716	—	87.1%	1.2 bps	—	—	49th	—	99.6%
marketable_limit	$20k–$50k • ODD	10,726	336,983	—	92.2%	2.2 bps	—	—	65th	—	99.8%
marketable_limit	$20k–$50k • ROUND	31,597	5,721,803	—	83.9%	1.2 bps	—	—	50th	—	99.5%
marketable_limit	$50k–$200k • ODD	344	11,906	—	95.0%	2.4 bps	—	—	67th	—	100.0%
marketable_limit	$50k–$200k • ROUND	25,344	11,030,035	—	75.3%	1.1 bps	—	—	52nd	—	98.9%
marketable_limit	≥$200k • ROUND	7,784	21,341,920	—	43.5%	-0.1 bps	—	—	23rd	—	94.7%
nonmarketable_limit	<$250 • FRACT	107,155	21,520	85.8%	100.0%	4.2 bps	4.5 bps	94%	12th	$0.0385	40.7%
nonmarketable_limit	<$250 • ODD	98,194	147,521	—	100.0%	3.5 bps	—	—	24th	—	55.7%
nonmarketable_limit	$250–$999 • FRACT	17,306	9,323	83.8%	100.0%	4.3 bps	5.0 bps	94%	0th	$0.0963	41.1%
nonmarketable_limit	$250–$999 • ODD	400,937	1,257,535	0.0%	100.0%	3.4 bps	19.7 bps	100%	31st	—	59.8%
nonmarketable_limit	$250–$999 • ROUND	10	1,000	—	—	—	—	—	—	—	—
nonmarketable_limit	$1k–$5k • FRACT	1,073	871	80.5%	100.0%	4.2 bps	5.4 bps	96%	17th	$0.2920	39.4%
nonmarketable_limit	$1k–$5k • ODD	738,175	7,245,278	—	100.0%	3.5 bps	—	—	25th	—	63.4%
nonmarketable_limit	$1k–$5k • ROUND	9,302	990,265	—	100.0%	3.4 bps	—	—	47th	—	42.9%
nonmarketable_limit	$5k–$10k • ODD	253,687	5,585,211	—	100.0%	3.4 bps	—	—	30th	—	65.7%
nonmarketable_limit	$5k–$10k • ROUND	18,330	2,536,625	—	100.0%	2.9 bps	—	—	41st	—	52.1%
nonmarketable_limit	$10k–$20k • ODD	148,128	4,264,088	—	100.0%	3.3 bps	—	—	32nd	—	67.3%
nonmarketable_limit	$10k–$20k • ROUND	67,019	7,534,172	—	100.0%	2.9 bps	—	—	25th	—	59.4%
nonmarketable_limit	$20k–$50k • ODD	60,236	1,836,290	—	100.0%	3.3 bps	—	—	30th	—	67.4%
nonmarketable_limit	$20k–$50k • ROUND	123,213	18,764,629	—	100.0%	2.8 bps	—	—	26th	—	61.2%
nonmarketable_limit	$50k–$200k • ODD	2,030	70,300	—	100.0%	3.3 bps	—	—	23rd	—	69.0%
nonmarketable_limit	$50k–$200k • ROUND	106,035	32,612,728	—	100.0%	2.8 bps	—	—	35th	—	61.7%
nonmarketable_limit	≥$200k • ROUND	24,782	38,656,465	—	100.0%	2.9 bps	—	—	43rd	—	56.3%

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.

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
FUTC202608.csv	202608	summary	stored	2026-09-30T21:27:23.981303059+00:00	File Link ↗
FUTC202608.zip	202608	detailed	stored	2026-09-30T21:27:23.981299782+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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