FUTU CLEARING INC

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

Status: ACTIVE

Generated: Wed, 14 Oct 2026 19:13:05 GMT

Quarter:2026Q3

Covered Orders788,146Across all reported tiers

Covered Shares210,184In Q3 2026

Active Tiers18Order 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	209,927	51,043	66.2%	2.8%	0.0 bps	0.9 bps	88%	0th	$0.0798	100.0%
market	$250–$999 • FRACT	16,724	10,578	75.1%	4.6%	-0.0 bps	0.4 bps	98%	0th	$0.0899	100.0%
market	$1k–$5k • FRACT	39	29	—	—	—	—	—	—	—	—
marketable_limit	<$250 • FRACT	44,297	13,770	58.2%	5.7%	-0.1 bps	1.0 bps	74%	7th	$0.1012	97.2%
marketable_limit	$250–$999 • FRACT	3,756	2,354	71.6%	10.4%	-0.0 bps	0.2 bps	86%	0th	$0.1152	99.8%
marketable_limit	$1k–$5k • FRACT	21	16	—	—	—	—	—	—	—	—
nonmarketable_limit	<$250 • FRACT	92,273	29,315	48.2%	100.0%	5.9 bps	5.7 bps	82%	0th	$0.0402	27.4%
nonmarketable_limit	$250–$999 • FRACT	7,553	4,739	62.5%	100.0%	2.0 bps	1.7 bps	95%	0th	$0.0411	31.6%
nonmarketable_limit	$1k–$5k • FRACT	95	70	—	—	—	—	—	—	—	—
market	<$250 • FRACT	188,750	29,517	81.2%	4.0%	0.0 bps	1.4 bps	95%	3rd	$0.1544	100.0%
market	$250–$999 • FRACT	15,717	9,568	72.6%	4.6%	0.0 bps	1.6 bps	90%	0th	$0.3691	100.0%
market	$1k–$5k • FRACT	604	489	46.4%	6.7%	0.6 bps	4.4 bps	94%	0th	$1.4856	100.0%
marketable_limit	<$250 • FRACT	49,930	10,781	74.1%	8.0%	-0.2 bps	1.2 bps	90%	0th	$0.2034	99.1%
marketable_limit	$250–$999 • FRACT	6,266	3,686	72.2%	8.2%	-0.2 bps	2.0 bps	89%	0th	$0.6281	99.6%
marketable_limit	$1k–$5k • FRACT	338	276	70.3%	6.1%	0.1 bps	3.9 bps	97%	13th	$1.6618	100.0%
nonmarketable_limit	<$250 • FRACT	127,102	29,500	62.6%	100.0%	4.2 bps	4.6 bps	95%	12th	$0.0385	40.7%
nonmarketable_limit	$250–$999 • FRACT	23,121	13,115	59.6%	100.0%	4.3 bps	5.0 bps	95%	0th	$0.0963	41.1%
nonmarketable_limit	$1k–$5k • FRACT	1,633	1,338	52.4%	100.0%	4.2 bps	5.4 bps	96%	17th	$0.2920	39.4%

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
FUTF202608.csv	202608	summary	stored	2026-09-30T21:27:23.981296506+00:00	File Link ↗
FUTF202608.zip	202608	detailed	stored	2026-09-30T21:27:23.981300564+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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