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Rule 605 Market Center Scorecard
GTS Securities, LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:30:27 GMT
Quarter:2026Q3
Covered Orders545Across all reported tiers
Covered Shares41,081In Q3 2026
Active Tiers29Order 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| marketable_limit | <$250 • ODD | 3 | 24 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ODD | 11 | 388 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ROUND | 1 | 100 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 69 | 3,805 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ROUND | 39 | 4,592 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ODD | 24 | 1,779 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ROUND | 15 | 3,150 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ODD | 2 | 186 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ROUND | 18 | 1,800 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 1 | 14 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 2 | 134 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ROUND | 13 | 1,300 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $5k–$10k • ROUND | 3 | 300 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ROUND | 2 | 200 | — | — | — | — | — | — | — | — |
| marketable_limit | <$250 • ODD | 6 | 7 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ODD | 8 | 101 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 98 | 3,553 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ROUND | 6 | 600 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ODD | 71 | 4,572 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ROUND | 60 | 6,000 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ODD | 21 | 1,510 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ROUND | 25 | 2,320 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ODD | 2 | 177 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 14 | 1,499 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 1 | 23 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ROUND | 2 | 200 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $5k–$10k • ODD | 3 | 247 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $5k–$10k • ROUND | 18 | 1,800 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ROUND | 7 | 700 | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| GTSZ202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:20.841385497+00:00 | File Link ↗ |
| GTSZ202608.csv | 202608 | summary | stored | 2026-09-30T21:17:20.841386939+00:00 | File Link ↗ |
| GTSZ202608.zip | 202608 | detailed | stored | 2026-10-01T09:17:56.894+00:00 | File Link ↗ |
| GTSZ202608.csv | 202608 | summary | stored | 2026-10-01T09:17:57.976+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
29
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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