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Rule 605 Market Center Scorecard
GOLDMAN SACHS & CO. LLC
Status: ACTIVE
Generated: Thu, 15 Oct 2026 22:29:41 GMT
Quarter:2026Q3
Covered Orders2,450,450Across all reported tiers
Covered Shares524,824,515In Q3 2026
Active Tiers83Order 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 • Odd Lot | 430,853 | 1,422,156 | 95.7% | 97.2% | 7.6 bps | 3.4 bps | 54% | 66th | $-0.0003 | 100.0% |
| Market | <$250 • Round Lot | 2,268 | 525,413 | 60.0% | 63.0% | 40.6 bps | — | 0% | 80th | $0.0001 | 97.6% |
| Market | $250–$999 • Odd Lot | 273,314 | 3,208,804 | 97.4% | 98.2% | 6.3 bps | 2.7 bps | 41% | 76th | $-0.0003 | 100.0% |
| Market | $250–$999 • Round Lot | 13,987 | 3,179,720 | 88.0% | 90.3% | 22.1 bps | 7.9 bps | 8% | 84th | $0.0002 | 100.0% |
| Market | $1k–$5k • Odd Lot | 213,446 | 6,321,394 | 98.3% | 98.8% | 6.2 bps | 3.3 bps | 51% | 90th | $-0.0000 | 100.0% |
| Market | $1k–$5k • Round Lot | 68,905 | 22,871,561 | 87.6% | 88.7% | 11.5 bps | 4.2 bps | 23% | 90th | $0.0004 | 100.0% |
| Market | $5k–$10k • Odd Lot | 43,097 | 2,004,102 | 98.3% | 98.8% | 5.5 bps | 2.7 bps | 49% | 90th | $0.0004 | 100.0% |
| Market | $5k–$10k • Round Lot | 55,395 | 25,080,957 | 88.4% | 89.2% | 8.1 bps | 2.3 bps | 15% | 89th | $0.0004 | 100.0% |
| Market | $10k–$20k • Odd Lot | 14,613 | 760,360 | 98.2% | 98.8% | 5.9 bps | 3.0 bps | 50% | 90th | $-0.0014 | 100.0% |
| Market | $10k–$20k • Round Lot | 60,135 | 34,893,167 | 89.3% | 89.4% | 6.6 bps | 2.2 bps | 16% | 90th | $0.0010 | 100.0% |
| Market | $20k–$50k • Odd Lot | 1,746 | 103,615 | 97.7% | 98.5% | 5.0 bps | 0.2 bps | 36% | 85th | $-0.0005 | 100.0% |
| Market | $20k–$50k • Round Lot | 63,439 | 59,403,453 | 89.7% | 89.5% | 6.1 bps | 3.1 bps | 23% | 91st | $0.0019 | 100.0% |
| Market | $50k–$200k • Round Lot | 43,216 | 130,963,266 | 90.8% | 88.9% | 4.5 bps | 2.9 bps | 60% | 90th | $0.0038 | 100.0% |
| Market | ≥$200k • Round Lot | 6,425 | 47,636,957 | 66.9% | 52.6% | -1.7 bps | -0.2 bps | 10% | 18th | $0.0690 | 100.0% |
| Marketable Limit | <$250 • Odd Lot | 32,804 | 165,518 | 83.3% | 89.5% | 9.7 bps | -4.2 bps | 8% | 84th | $-0.0004 | 100.0% |
| Marketable Limit | <$250 • Round Lot | 1,687 | 707,031 | 40.4% | 46.7% | 30.4 bps | — | 0% | 89th | $0.0001 | 92.4% |
| Marketable Limit | $250–$999 • Odd Lot | 12,325 | 250,626 | 93.7% | 95.8% | 6.8 bps | -6.0 bps | 7% | 85th | $-0.0001 | 100.0% |
| Marketable Limit | $250–$999 • Round Lot | 3,562 | 1,990,436 | 69.8% | 77.2% | 22.9 bps | — | 0% | 94th | $0.0002 | 99.6% |
| Marketable Limit | $1k–$5k • Odd Lot | 10,992 | 360,053 | 95.3% | 96.9% | 5.1 bps | -6.2 bps | 16% | 89th | $-0.0002 | 100.0% |
| Marketable Limit | $1k–$5k • Round Lot | 11,485 | 9,385,052 | 65.9% | 72.7% | 12.6 bps | -17.6 bps | 1% | 90th | $0.0007 | 96.6% |
| Marketable Limit | $5k–$10k • Odd Lot | 2,301 | 107,551 | 98.2% | 98.3% | 4.4 bps | -9.7 bps | 25% | 91st | $-0.0024 | 100.0% |
| Marketable Limit | $5k–$10k • Round Lot | 6,914 | 7,825,271 | 63.5% | 71.1% | 8.8 bps | -5.4 bps | 1% | 92nd | $0.0013 | 96.5% |
| Marketable Limit | $10k–$20k • Odd Lot | 676 | 36,537 | 98.2% | 98.6% | 4.9 bps | — | 0% | 89th | $0.0058 | 100.0% |
| Marketable Limit | $10k–$20k • Round Lot | 6,625 | 10,926,889 | 57.4% | 64.6% | 6.7 bps | -4.7 bps | 1% | 91st | $0.0014 | 94.2% |
| Marketable Limit | $20k–$50k • Odd Lot | 64 | 3,632 | — | — | — | — | — | — | — | — |
| Marketable Limit | $20k–$50k • Round Lot | 6,415 | 15,562,414 | 63.6% | 70.9% | 5.9 bps | -3.7 bps | 2% | 96th | $0.0024 | 96.1% |
| Marketable Limit | $50k–$200k • Round Lot | 4,319 | 19,713,852 | 58.2% | 63.4% | 3.2 bps | -2.9 bps | 4% | 92nd | $0.0059 | 92.9% |
| Marketable Limit | ≥$200k • Round Lot | 1,139 | 18,947,543 | 33.5% | 33.2% | -2.7 bps | — | 0% | 8th | $0.0516 | 83.1% |
| Non-Marketable Limit | <$250 • Odd Lot | 45,750 | 304,588 | 0.1% | 100.0% | 23.6 bps | 13.7 bps | 11% | 53rd | $0.0048 | 22.3% |
| Non-Marketable Limit | <$250 • Round Lot | 97 | 60,129 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $250–$999 • Odd Lot | 33,957 | 568,300 | 0.1% | 100.0% | 16.1 bps | 14.6 bps | 23% | 54th | $0.0069 | 26.5% |
| Non-Marketable Limit | $250–$999 • Round Lot | 456 | 170,588 | 0.5% | 100.0% | 121.5 bps | — | 0% | 95th | — | 35.5% |
| Non-Marketable Limit | $1k–$5k • Odd Lot | 30,199 | 875,038 | 0.2% | 100.0% | 12.4 bps | 22.9 bps | 36% | 56th | $0.0236 | 34.4% |
| Non-Marketable Limit | $1k–$5k • Round Lot | 2,254 | 1,280,883 | 0.4% | 100.0% | 65.8 bps | — | 6% | 91st | $-0.0080 | 29.8% |
| Non-Marketable Limit | $5k–$10k • Odd Lot | 6,076 | 263,536 | 0.3% | 100.0% | 10.5 bps | 22.9 bps | 40% | 67th | $0.0370 | 43.1% |
| Non-Marketable Limit | $5k–$10k • Round Lot | 1,583 | 1,266,222 | 0.3% | 100.0% | 39.2 bps | 26.4 bps | 3% | 92nd | $-0.0650 | 32.7% |
| Non-Marketable Limit | $10k–$20k • Odd Lot | 1,883 | 97,765 | 0.6% | 100.0% | 10.4 bps | — | 0% | 58th | $0.0755 | 41.7% |
| Non-Marketable Limit | $10k–$20k • Round Lot | 1,905 | 1,941,181 | 0.3% | 100.0% | 21.6 bps | — | 0% | 83rd | $0.0137 | 26.4% |
| Non-Marketable Limit | $20k–$50k • Odd Lot | 158 | 10,060 | — | 100.0% | 8.8 bps | — | — | 33rd | — | 40.9% |
| Non-Marketable Limit | $20k–$50k • Round Lot | 1,924 | 2,489,908 | 1.2% | 100.0% | 18.5 bps | — | 0% | 86th | $0.0409 | 22.2% |
| Non-Marketable Limit | $50k–$200k • Round Lot | 1,007 | 4,135,227 | 0.1% | 100.0% | 25.7 bps | — | 0% | 96th | $0.0177 | 27.0% |
| Non-Marketable Limit | ≥$200k • Round Lot | 247 | 4,276,846 | 0.0% | 100.0% | 32.3 bps | — | 0% | 95th | $0.1687 | 36.4% |
| Market | <$250 • Odd Lot | 106,945 | 155,371 | 99.2% | 99.2% | 3.4 bps | 2.8 bps | 94% | 75th | $-0.0005 | 100.0% |
| Market | $250–$999 • Odd Lot | 217,343 | 801,099 | 99.2% | 99.4% | 3.3 bps | 3.0 bps | 91% | 73rd | $0.0013 | 100.0% |
| Market | $250–$999 • Round Lot | 11 | 1,122 | — | — | — | — | — | — | — | — |
| Market | $1k–$5k • Odd Lot | 232,912 | 3,189,311 | 99.1% | 99.2% | 3.5 bps | 3.2 bps | 92% | 81st | $0.0023 | 100.0% |
| Market | $1k–$5k • Round Lot | 5,447 | 631,192 | 99.6% | 98.9% | 2.2 bps | 1.9 bps | 60% | 76th | $0.0002 | 100.0% |
| Market | $5k–$10k • Odd Lot | 73,400 | 2,125,554 | 98.9% | 99.0% | 3.5 bps | 2.9 bps | 78% | 83rd | $0.0044 | 100.0% |
| Market | $5k–$10k • Round Lot | 10,088 | 1,621,803 | 99.2% | 97.3% | 2.1 bps | 1.5 bps | 48% | 84th | $0.0006 | 100.0% |
| Market | $10k–$20k • Odd Lot | 37,110 | 1,437,854 | 98.9% | 98.8% | 3.6 bps | 2.9 bps | 73% | 85th | $0.0061 | 100.0% |
| Market | $10k–$20k • Round Lot | 26,126 | 4,019,629 | 99.1% | 97.6% | 2.9 bps | 2.2 bps | 55% | 88th | $0.0017 | 100.0% |
| Market | $20k–$50k • Odd Lot | 11,718 | 448,484 | 98.6% | 99.1% | 4.5 bps | 4.2 bps | 83% | 91st | $0.0081 | 100.0% |
| Market | $20k–$50k • Round Lot | 44,971 | 9,370,731 | 98.9% | 98.1% | 3.0 bps | 2.2 bps | 60% | 85th | $0.0023 | 100.0% |
| Market | $50k–$200k • Odd Lot | 238 | 8,535 | 98.2% | 99.2% | 4.1 bps | 4.0 bps | 94% | 77th | $0.0916 | 100.0% |
| Market | $50k–$200k • Round Lot | 40,228 | 27,929,501 | 97.9% | 97.1% | 3.2 bps | 2.7 bps | 76% | 87th | $0.0059 | 100.0% |
| Market | ≥$200k • Round Lot | 9,479 | 20,129,963 | 82.9% | 73.6% | 0.5 bps | 0.5 bps | 47% | 33rd | $0.1131 | 100.0% |
| Marketable Limit | <$250 • Odd Lot | 2,815 | 5,484 | 99.3% | 98.9% | 2.6 bps | -1.7 bps | 17% | 87th | $-0.0014 | 100.0% |
| Marketable Limit | $250–$999 • Odd Lot | 6,382 | 31,433 | 99.2% | 98.9% | 2.9 bps | -3.0 bps | 21% | 88th | $-0.0022 | 100.0% |
| Marketable Limit | $250–$999 • Round Lot | 2 | 200 | — | — | — | — | — | — | — | — |
| Marketable Limit | $1k–$5k • Odd Lot | 9,602 | 137,632 | 98.8% | 98.4% | 2.9 bps | -3.3 bps | 42% | 91st | $-0.0016 | 100.0% |
| Marketable Limit | $1k–$5k • Round Lot | 678 | 77,975 | 99.8% | 99.5% | 2.5 bps | -1.1 bps | 25% | 94th | $-0.0004 | 100.0% |
| Marketable Limit | $5k–$10k • Odd Lot | 3,401 | 93,233 | 98.8% | 98.3% | 3.0 bps | -3.5 bps | 25% | 90th | $-0.0001 | 100.0% |
| Marketable Limit | $5k–$10k • Round Lot | 727 | 118,327 | 99.3% | 97.5% | 2.1 bps | -6.8 bps | 9% | 92nd | $0.0005 | 100.0% |
| Marketable Limit | $10k–$20k • Odd Lot | 1,780 | 63,982 | 99.5% | 98.9% | 3.1 bps | -2.5 bps | 31% | 91st | $-0.0016 | 100.0% |
| Marketable Limit | $10k–$20k • Round Lot | 1,565 | 276,627 | 99.1% | 97.8% | 2.7 bps | — | 0% | 87th | $0.0015 | 100.0% |
| Marketable Limit | $20k–$50k • Odd Lot | 612 | 22,889 | 98.5% | 99.7% | 3.8 bps | 0.1 bps | 34% | 93rd | $-0.0049 | 100.0% |
| Marketable Limit | $20k–$50k • Round Lot | 2,845 | 660,429 | 98.5% | 97.0% | 2.5 bps | -2.3 bps | 20% | 89th | $0.0019 | 100.0% |
| Marketable Limit | $50k–$200k • Odd Lot | 11 | 335 | — | — | — | — | — | — | — | — |
| Marketable Limit | $50k–$200k • Round Lot | 2,463 | 1,536,959 | 96.3% | 93.9% | 2.4 bps | -0.7 bps | 11% | 91st | $0.0052 | 99.9% |
| Marketable Limit | ≥$200k • Round Lot | 1,070 | 4,387,493 | 46.4% | 43.1% | -1.2 bps | -3.0 bps | 16% | 10th | $0.1207 | 92.1% |
| Non-Marketable Limit | <$250 • Odd Lot | 9,203 | 15,714 | 0.3% | 100.0% | 4.9 bps | 11.6 bps | 25% | 60th | $0.0150 | 30.2% |
| Non-Marketable Limit | $250–$999 • Odd Lot | 21,119 | 81,644 | 0.3% | 100.0% | 5.6 bps | 15.9 bps | 53% | 84th | $0.0327 | 34.4% |
| Non-Marketable Limit | $1k–$5k • Odd Lot | 28,524 | 351,757 | 0.4% | 100.0% | 4.6 bps | 18.5 bps | 53% | 63rd | $0.0406 | 41.0% |
| Non-Marketable Limit | $1k–$5k • Round Lot | 168 | 13,793 | 2.6% | 100.0% | 5.3 bps | — | 0% | 81st | $0.0471 | 35.2% |
| Non-Marketable Limit | $5k–$10k • Odd Lot | 9,765 | 253,193 | 0.4% | 100.0% | 5.1 bps | 18.1 bps | 34% | 75th | $0.0465 | 45.7% |
| Non-Marketable Limit | $5k–$10k • Round Lot | 294 | 41,312 | 1.2% | 100.0% | 4.9 bps | — | 0% | 84th | — | 39.7% |
| Non-Marketable Limit | $10k–$20k • Odd Lot | 5,051 | 178,097 | 0.2% | 100.0% | 4.1 bps | 12.2 bps | 31% | 56th | $0.0550 | 50.4% |
| Non-Marketable Limit | $10k–$20k • Round Lot | 1,488 | 125,326 | 0.5% | 100.0% | 4.7 bps | 8.4 bps | 8% | 78th | $0.0237 | 40.5% |
| Non-Marketable Limit | $20k–$50k • Odd Lot | 1,710 | 61,803 | 0.3% | 100.0% | 4.7 bps | 5.8 bps | 69% | 72nd | $0.1770 | 54.9% |
| Non-Marketable Limit | $20k–$50k • Round Lot | 2,155 | 237,647 | 0.3% | 100.0% | 5.2 bps | 19.0 bps | 18% | 81st | $-0.0921 | 45.5% |
| Non-Marketable Limit | $50k–$200k • Odd Lot | 21 | 707 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $50k–$200k • Round Lot | 1,038 | 379,846 | 1.2% | 100.0% | 6.2 bps | 24.8 bps | 10% | 93rd | $-0.0716 | 39.7% |
| Non-Marketable Limit | ≥$200k • Round Lot | 302 | 1,702,928 | 0.0% | 100.0% | 4.5 bps | — | 0% | 83rd | $0.2605 | 52.1% |
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 |
|---|---|---|---|---|---|
| TGSBD202608.zip | 202608 | detailed | stored | 2026-09-30T21:30:44.375254143+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.
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