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Rule 605 Market Center Scorecard
GTS SECURITIES LLC
MPID Firm: GTS SECURITIES LLC(GTSM)
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:14:36 GMT
Quarter:2026Q3
Covered Orders7,820,749Across all reported tiers
Covered Shares3,466,421,449In Q3 2026
Active Tiers84Order class × notional buckets
Routing Brokers5Disclosed 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 | 796,504 | 4,449,206 | 8.3% | 86.0% | 8.5 bps | 6.3 bps | 84% | 63rd | $0.0085 | 99.9% |
| market | <$250 • ROUND | 55,605 | 16,221,849 | 2.5% | 78.9% | 36.4 bps | 20.8 bps | 69% | 78th | $0.0013 | 99.0% |
| market | $250–$999 • ODD | 501,620 | 8,136,873 | 10.3% | 87.8% | 6.0 bps | 4.2 bps | 77% | 64th | $0.0114 | 99.9% |
| market | $250–$999 • ROUND | 133,025 | 61,774,895 | 4.4% | 79.0% | 23.5 bps | 15.1 bps | 73% | 90th | $0.0029 | 99.9% |
| market | $1k–$5k • ODD | 437,399 | 13,661,252 | 16.6% | 93.5% | 4.9 bps | 3.6 bps | 78% | 70th | $0.0137 | 99.9% |
| market | $1k–$5k • ROUND | 363,150 | 398,207,116 | 4.5% | 75.3% | 10.8 bps | 7.9 bps | 83% | 79th | $0.0040 | 99.9% |
| market | $5k–$10k • ODD | 89,679 | 4,297,619 | 27.5% | 95.8% | 4.5 bps | 2.9 bps | 77% | 77th | $0.0216 | 100.0% |
| market | $5k–$10k • ROUND | 211,219 | 261,943,310 | 6.1% | 76.8% | 6.5 bps | 4.2 bps | 69% | 76th | $0.0050 | 99.9% |
| market | $10k–$20k • ODD | 30,181 | 1,640,511 | 33.5% | 96.4% | 5.6 bps | 3.6 bps | 74% | 86th | $0.0424 | 99.9% |
| market | $10k–$20k • ROUND | 198,395 | 178,254,852 | 10.0% | 80.4% | 4.8 bps | 3.1 bps | 62% | 78th | $0.0075 | 99.9% |
| market | $20k–$50k • ODD | 2,895 | 180,348 | 29.2% | 95.6% | 4.4 bps | 1.0 bps | 38% | 71st | $0.0856 | 100.0% |
| market | $20k–$50k • ROUND | 196,406 | 255,322,669 | 10.3% | 85.4% | 3.8 bps | 2.7 bps | 68% | 72nd | $0.0105 | 99.7% |
| market | $50k–$200k • ROUND | 127,623 | 360,803,708 | 7.5% | 89.2% | 3.0 bps | 2.8 bps | 66% | 79th | $0.0164 | 97.0% |
| market | ≥$200k • ROUND | 19,200 | 126,969,715 | 6.8% | 62.6% | 0.0 bps | -0.2 bps | 35% | 57th | $0.0493 | 52.5% |
| marketable_limit | <$250 • ODD | 188,911 | 1,273,489 | 9.3% | 92.2% | 7.4 bps | -9.3 bps | 66% | 70th | $0.0062 | 99.9% |
| marketable_limit | <$250 • ROUND | 17,551 | 5,122,478 | 5.0% | 76.0% | 34.3 bps | -55.4 bps | 16% | 94th | $0.0010 | 98.5% |
| marketable_limit | $250–$999 • ODD | 86,626 | 1,498,263 | 13.0% | 94.4% | 6.0 bps | -5.9 bps | 54% | 76th | $0.0095 | 99.9% |
| marketable_limit | $250–$999 • ROUND | 37,638 | 16,607,933 | 6.8% | 80.3% | 25.3 bps | -29.1 bps | 38% | 99th | $0.0021 | 99.6% |
| marketable_limit | $1k–$5k • ODD | 69,113 | 2,185,732 | 20.0% | 92.4% | 4.3 bps | -5.2 bps | 64% | 82nd | $0.0129 | 99.9% |
| marketable_limit | $1k–$5k • ROUND | 97,004 | 87,457,971 | 7.3% | 73.9% | 20.4 bps | -9.9 bps | 50% | 100th | $0.0040 | 99.6% |
| marketable_limit | $5k–$10k • ODD | 13,005 | 652,517 | 29.3% | 93.5% | 3.7 bps | -9.7 bps | 61% | 85th | $0.0204 | 99.9% |
| marketable_limit | $5k–$10k • ROUND | 57,553 | 82,673,625 | 8.3% | 67.7% | 11.4 bps | -2.4 bps | 49% | 99th | $0.0057 | 99.5% |
| marketable_limit | $10k–$20k • ODD | 3,686 | 200,027 | 39.7% | 96.7% | 4.6 bps | -4.3 bps | 58% | 85th | $0.0406 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 60,831 | 114,724,378 | 6.8% | 66.4% | 6.5 bps | -2.5 bps | 50% | 90th | $0.0076 | 99.2% |
| marketable_limit | $20k–$50k • ODD | 291 | 18,574 | 33.1% | 94.0% | 4.0 bps | — | 0% | 83rd | $0.0747 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 73,322 | 201,660,534 | 5.6% | 61.5% | 2.6 bps | -1.6 bps | 61% | 69th | $0.0093 | 99.1% |
| marketable_limit | $50k–$200k • ROUND | 44,495 | 241,200,551 | 7.3% | 56.8% | 1.4 bps | -1.2 bps | 68% | 73rd | $0.0109 | 97.0% |
| marketable_limit | ≥$200k • ROUND | 6,174 | 85,620,337 | 5.6% | 54.8% | 0.3 bps | -2.8 bps | 11% | 81st | $0.0227 | 59.8% |
| nonmarketable_limit | <$250 • ODD | 396,722 | 6,041,812 | 0.2% | 100.0% | 43.9 bps | 17.9 bps | 97% | 90th | $0.0082 | 38.9% |
| nonmarketable_limit | <$250 • ROUND | 45,430 | 8,608,871 | 0.0% | 100.0% | 90.3 bps | 9.8 bps | 98% | 84th | — | 44.8% |
| nonmarketable_limit | $250–$999 • ODD | 343,925 | 7,746,903 | 0.1% | 100.0% | 18.9 bps | 11.1 bps | 85% | 64th | $-0.0055 | 59.4% |
| nonmarketable_limit | $250–$999 • ROUND | 76,430 | 22,623,522 | 0.1% | 100.0% | 69.7 bps | 0.6 bps | 85% | 83rd | $0.0000 | 46.1% |
| nonmarketable_limit | $1k–$5k • ODD | 219,595 | 8,628,199 | 0.1% | 100.0% | 17.7 bps | 18.5 bps | 94% | 75th | $0.0085 | 58.1% |
| nonmarketable_limit | $1k–$5k • ROUND | 211,272 | 110,662,007 | 0.0% | 100.0% | 34.1 bps | 9.6 bps | 63% | 69th | $0.0010 | 54.0% |
| nonmarketable_limit | $5k–$10k • ODD | 38,526 | 1,823,515 | 0.1% | 100.0% | 19.3 bps | 25.5 bps | 76% | 83rd | $0.1105 | 58.2% |
| nonmarketable_limit | $5k–$10k • ROUND | 173,083 | 121,496,154 | 0.0% | 100.0% | 26.1 bps | 18.3 bps | 78% | 80th | $0.0003 | 59.0% |
| nonmarketable_limit | $10k–$20k • ODD | 19,078 | 976,096 | 0.0% | 100.0% | 19.3 bps | — | 0% | 79th | — | 68.8% |
| nonmarketable_limit | $10k–$20k • ROUND | 103,527 | 96,094,234 | 0.0% | 100.0% | 17.4 bps | 27.7 bps | 78% | 72nd | $0.0035 | 40.3% |
| nonmarketable_limit | $20k–$50k • ODD | 4,205 | 278,087 | — | 100.0% | 23.8 bps | — | — | 82nd | — | 78.4% |
| nonmarketable_limit | $20k–$50k • ROUND | 86,249 | 119,277,068 | 0.0% | 100.0% | 13.5 bps | 27.4 bps | 47% | 72nd | $0.0052 | 29.7% |
| nonmarketable_limit | $50k–$200k • ROUND | 33,273 | 125,847,641 | 0.0% | 100.0% | 12.3 bps | 10.9 bps | 12% | 80th | $0.0218 | 28.5% |
| nonmarketable_limit | ≥$200k • ROUND | 5,407 | 67,267,046 | 0.0% | 100.0% | 8.5 bps | — | 28% | 73rd | — | 17.4% |
| market | <$250 • ODD | 155,696 | 235,101 | 14.0% | 93.1% | 2.8 bps | 2.7 bps | 100% | 52nd | $0.0215 | 99.9% |
| market | $250–$999 • ODD | 311,562 | 1,106,471 | 18.6% | 95.6% | 2.7 bps | 2.9 bps | 100% | 49th | $0.0488 | 99.9% |
| market | $250–$999 • ROUND | 23 | 2,338 | — | — | — | — | — | — | — | — |
| market | $1k–$5k • ODD | 369,135 | 5,245,067 | 22.4% | 95.9% | 2.8 bps | 3.1 bps | 100% | 61st | $0.0410 | 99.9% |
| market | $1k–$5k • ROUND | 15,734 | 2,097,989 | 7.9% | 87.9% | 1.9 bps | 2.0 bps | 95% | 68th | $0.0027 | 100.0% |
| market | $5k–$10k • ODD | 130,554 | 3,562,853 | 35.5% | 97.4% | 2.7 bps | 2.7 bps | 95% | 56th | $0.0413 | 100.0% |
| market | $5k–$10k • ROUND | 24,366 | 4,303,840 | 19.2% | 93.0% | 1.8 bps | 1.6 bps | 88% | 67th | $0.0038 | 100.0% |
| market | $10k–$20k • ODD | 74,046 | 2,654,882 | 49.7% | 97.5% | 2.7 bps | 2.7 bps | 92% | 57th | $0.0526 | 99.9% |
| market | $10k–$20k • ROUND | 60,140 | 9,745,481 | 30.0% | 97.2% | 2.3 bps | 2.1 bps | 88% | 64th | $0.0124 | 100.0% |
| market | $20k–$50k • ODD | 30,019 | 1,056,060 | 68.3% | 98.4% | 3.2 bps | 3.5 bps | 94% | 60th | $0.1256 | 100.0% |
| market | $20k–$50k • ROUND | 124,815 | 27,660,000 | 37.4% | 98.0% | 2.2 bps | 2.2 bps | 94% | 55th | $0.0213 | 100.0% |
| market | $50k–$200k • ODD | 586 | 20,633 | 79.8% | 99.4% | 3.6 bps | 4.0 bps | 93% | 68th | $0.2278 | 100.0% |
| market | $50k–$200k • ROUND | 119,543 | 58,600,084 | 31.8% | 98.2% | 2.7 bps | 3.0 bps | 95% | 73rd | $0.0425 | 99.7% |
| market | ≥$200k • ROUND | 22,858 | 44,692,995 | 19.0% | 78.9% | 0.6 bps | 0.5 bps | 91% | 44th | $0.1020 | 84.4% |
| marketable_limit | <$250 • ODD | 66,088 | 118,349 | 8.9% | 97.5% | 2.1 bps | -1.9 bps | 99% | 73rd | $0.0195 | 100.0% |
| marketable_limit | $250–$999 • ODD | 79,406 | 384,285 | 13.7% | 98.7% | 2.2 bps | -2.5 bps | 99% | 78th | $0.0466 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 11 | 1,100 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 71,591 | 1,019,845 | 23.0% | 98.5% | 2.4 bps | -4.0 bps | 96% | 79th | $0.0453 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 4,490 | 538,555 | 12.1% | 98.5% | 2.0 bps | -6.8 bps | 90% | 87th | $0.0018 | 99.9% |
| marketable_limit | $5k–$10k • ODD | 19,216 | 526,784 | 38.8% | 98.2% | 2.5 bps | -5.5 bps | 85% | 82nd | $0.0416 | 99.9% |
| marketable_limit | $5k–$10k • ROUND | 5,121 | 867,264 | 23.1% | 98.6% | 1.7 bps | -7.4 bps | 74% | 86th | $0.0032 | 99.9% |
| marketable_limit | $10k–$20k • ODD | 10,161 | 362,135 | 53.8% | 98.1% | 2.6 bps | -3.7 bps | 77% | 87th | $0.0524 | 99.9% |
| marketable_limit | $10k–$20k • ROUND | 12,554 | 2,184,327 | 34.5% | 98.7% | 2.6 bps | -4.9 bps | 79% | 87th | $0.0081 | 99.9% |
| marketable_limit | $20k–$50k • ODD | 3,243 | 115,365 | 71.9% | 98.7% | 3.0 bps | 0.1 bps | 71% | 84th | $0.1288 | 99.8% |
| marketable_limit | $20k–$50k • ROUND | 18,908 | 5,175,812 | 33.9% | 93.2% | 2.0 bps | -4.8 bps | 84% | 82nd | $0.0188 | 99.9% |
| marketable_limit | $50k–$200k • ODD | 67 | 2,212 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 15,265 | 9,877,326 | 27.5% | 97.6% | 1.9 bps | -2.9 bps | 86% | 85th | $0.0319 | 99.7% |
| marketable_limit | ≥$200k • ROUND | 4,673 | 14,195,029 | 18.3% | 72.3% | 0.7 bps | -3.7 bps | 71% | 85th | $0.0654 | 66.6% |
| nonmarketable_limit | <$250 • ODD | 29,128 | 62,822 | 0.4% | 100.0% | 5.0 bps | 9.8 bps | 98% | 61st | $-0.0010 | 40.9% |
| nonmarketable_limit | $250–$999 • ODD | 102,826 | 653,923 | 0.1% | 100.0% | 5.2 bps | 18.2 bps | 100% | 78th | $0.0072 | 47.8% |
| nonmarketable_limit | $250–$999 • ROUND | 10 | 1,000 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 124,379 | 2,766,016 | 0.0% | 100.0% | 5.0 bps | 22.3 bps | 100% | 67th | $0.0132 | 64.2% |
| nonmarketable_limit | $1k–$5k • ROUND | 5,551 | 638,376 | 0.1% | 100.0% | 5.2 bps | — | 100% | 80th | — | 30.8% |
| nonmarketable_limit | $5k–$10k • ODD | 30,677 | 863,230 | 0.1% | 100.0% | 4.9 bps | 22.6 bps | 97% | 68th | $0.0141 | 61.5% |
| nonmarketable_limit | $5k–$10k • ROUND | 4,338 | 698,214 | 0.1% | 100.0% | 3.6 bps | 19.9 bps | 69% | 75th | $-0.0048 | 38.6% |
| nonmarketable_limit | $10k–$20k • ODD | 21,107 | 788,913 | 0.1% | 100.0% | 4.9 bps | 19.5 bps | 87% | 68th | $0.0141 | 65.7% |
| nonmarketable_limit | $10k–$20k • ROUND | 11,664 | 1,748,291 | 0.1% | 100.0% | 4.2 bps | 21.1 bps | 100% | 65th | $0.0117 | 45.6% |
| nonmarketable_limit | $20k–$50k • ODD | 7,201 | 278,026 | 0.1% | 100.0% | 4.1 bps | 8.0 bps | 100% | 57th | $0.1594 | 66.1% |
| nonmarketable_limit | $20k–$50k • ROUND | 25,458 | 5,404,301 | 0.1% | 100.0% | 3.7 bps | 21.1 bps | 100% | 60th | $0.0145 | 51.1% |
| nonmarketable_limit | $50k–$200k • ODD | 236 | 7,776 | — | 100.0% | 4.1 bps | — | — | 43rd | — | 71.1% |
| nonmarketable_limit | $50k–$200k • ROUND | 25,044 | 9,635,324 | 0.1% | 100.0% | 3.7 bps | 29.4 bps | 100% | 60th | $0.0554 | 51.4% |
| nonmarketable_limit | ≥$200k • ROUND | 7,436 | 16,391,568 | 0.1% | 100.0% | 2.8 bps | 19.9 bps | 93% | 40th | $0.0745 | 40.6% |
2. Broker-Dealers Routing Here (Reverse 606 Index)
Firms directing customer order flow to this market center under SEC Rule 606(a), with route percentages and PFOF rates.
| Broker-Dealer | CRD | Month | Section | Route % | Mkt % | Limit % | PFOF Mkt (¢/100) | PFOF Mkt ($) | Action |
|---|---|---|---|---|---|---|---|---|---|
| T.ROWE PRICE | 8348 | 7- | other_stocks | 0.4% | 0.5% | 0.4% | 0.00 ¢ | $0.00 | Firm Review → |
| T.ROWE PRICE | 8348 | 8- | other_stocks | 0.3% | 0.4% | 0.2% | 0.00 ¢ | $0.00 | Firm Review → |
| T.ROWE PRICE | 8348 | 9- | other_stocks | 0.4% | 0.5% | 0.2% | 0.00 ¢ | $0.00 | Firm Review → |
| STATE FARM VP MANAGEMENT CORP | 43036 | 8- | other_stocks | 0.2% | 0.2% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| STATE FARM VP MANAGEMENT CORP | 43036 | 9- | other_stocks | 0.5% | 0.5% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| ANDBANC BROKERAGE LLC | 155979 | 7- | other_stocks | 1.4% | 0.8% | 14.3% | 0.00 ¢ | $0.00 | Firm Review → |
| ANDBANC BROKERAGE LLC | 155979 | 8- | other_stocks | 1.6% | 1.6% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| ANDBANC BROKERAGE LLC | 155979 | 9- | other_stocks | 1.7% | 1.6% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| CGIS SECURITIES LLC | 155984 | 7- | other_stocks | 0.6% | 0.9% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| CGIS SECURITIES LLC | 155984 | 8- | other_stocks | 0.7% | 0.9% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| CGIS SECURITIES LLC | 155984 | 9- | other_stocks | 0.3% | 0.3% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| TD PRIVATE CLIENT WEALTH LLC | 164484 | 7- | other_stocks | 0.7% | 0.7% | 7.1% | 0.00 ¢ | $0.00 | Firm Review → |
| TD PRIVATE CLIENT WEALTH LLC | 164484 | 7- | sp500 | 0.1% | 0.1% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| TD PRIVATE CLIENT WEALTH LLC | 164484 | 8- | other_stocks | 0.7% | 0.7% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| TD PRIVATE CLIENT WEALTH LLC | 164484 | 8- | sp500 | 0.1% | 0.1% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| TD PRIVATE CLIENT WEALTH LLC | 164484 | 9- | other_stocks | 0.8% | 0.8% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
| TD PRIVATE CLIENT WEALTH LLC | 164484 | 9- | sp500 | 0.1% | 0.1% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
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 |
|---|---|---|---|---|---|
| GTSM202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:15.593513347+00:00 | File Link ↗ |
| GTSM202608.csv | 202608 | summary | stored | 2026-09-30T21:17:18.985293235+00:00 | File Link ↗ |
| GTSM202608.csv | 202608 | summary | stored | 2026-09-30T21:23:46.642788033+00:00 | File Link ↗ |
| GTSM202608.zip | 202608 | detailed | stored | 2026-09-30T21:23:46.642789265+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
4
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.
Does your firm route to GTS SECURITIES LLC? See which competing venues beat it on your symbol mix → Enter your Firm CRD