EXECUTIONREPORTS.COM AMENDED SEC RULE 605 / FINRA 5310.09 ENGINE
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Rule 605 Market Center Scorecard

EMPOWER FINANCIAL SERVICES, INC.

Reporter ID: GWFS • Quarter: 2026Q3 • Methodology: exq-3
Status: ACTIVE
Generated: Thu, 15 Oct 2026 22:31:03 GMT
Quarter:2026Q3
Covered Orders123,053Across all reported tiers
Covered Shares70,797,056In Q3 2026
Active Tiers84Order 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.

ClassNotional × LotOrdersCovered ShFill RatePI RateNPI (bps)Peer Bench (bps)CoverageRank PctlEff SpreadSpeed <1s
Market<$250 • Fractional20773—0.8%0.0 bps——12th—100.0%
Market<$250 • Odd Lot6,50244,567—95.1%6.8 bps——56th—99.8%
Market<$250 • Round Lot29787,824—75.0%36.4 bps——73rd—96.6%
Market$250–$999 • Fractional1410————————
Market$250–$999 • Odd Lot7,624134,510—94.5%6.1 bps——72nd—100.0%
Market$250–$999 • Round Lot1,395526,516—85.8%25.5 bps——95th—100.0%
Market$1k–$5k • Odd Lot10,560325,771—93.3%4.8 bps——69th—100.0%
Market$1k–$5k • Round Lot6,7353,174,429—78.7%9.8 bps——79th—100.0%
Market$5k–$10k • Odd Lot2,850127,440—94.4%4.3 bps——73rd—100.0%
Market$5k–$10k • Round Lot5,3663,430,252—76.9%6.8 bps——83rd—99.9%
Market$10k–$20k • Odd Lot1,03852,494—95.0%4.5 bps——76th—100.0%
Market$10k–$20k • Round Lot5,5734,416,544—76.9%5.3 bps——86th—99.9%
Market$20k–$50k • Odd Lot1106,915—90.7%3.3 bps——50th—100.0%
Market$20k–$50k • Round Lot5,2546,742,642—74.9%3.8 bps——76th—98.6%
Market$50k–$200k • Round Lot3,1318,995,156—60.9%2.6 bps——72nd—99.9%
Market≥$200k • Round Lot5733,937,172—47.2%0.0 bps——58th—97.6%
Marketable Limit<$250 • Odd Lot6376,124—90.8%7.0 bps——67th—100.0%
Marketable Limit<$250 • Round Lot6946,989————————
Marketable Limit$250–$999 • Odd Lot77916,324—94.2%5.3 bps——74th—100.0%
Marketable Limit$250–$999 • Round Lot322190,219—66.5%15.7 bps——77th—99.7%
Marketable Limit$1k–$5k • Odd Lot1,00536,097—92.1%3.5 bps——70th—99.8%
Marketable Limit$1k–$5k • Round Lot1,417990,875—75.4%11.3 bps——84th—99.0%
Marketable Limit$5k–$10k • Odd Lot26313,134—91.6%2.7 bps——70th—99.6%
Marketable Limit$5k–$10k • Round Lot9291,215,698—62.7%7.7 bps——85th—97.0%
Marketable Limit$10k–$20k • Odd Lot925,143————————
Marketable Limit$10k–$20k • Round Lot9451,317,632—61.9%3.7 bps——68th—96.0%
Marketable Limit$20k–$50k • Odd Lot9497————————
Marketable Limit$20k–$50k • Round Lot8572,381,368—52.0%3.0 bps——66th—88.5%
Marketable Limit$50k–$200k • Round Lot6673,798,904—47.3%1.9 bps——81st—88.1%
Marketable Limit≥$200k • Round Lot1722,120,500—38.7%1.2 bps——93rd—95.5%
Non-Marketable Limit<$250 • Odd Lot1,50713,313—100.0%30.1 bps——70th—32.5%
Non-Marketable Limit<$250 • Round Lot159206,867—100.0%78.6 bps——81st—14.5%
Non-Marketable Limit$250–$999 • Odd Lot2,05543,935—100.0%14.9 bps——48th—40.5%
Non-Marketable Limit$250–$999 • Round Lot791347,137—100.0%69.7 bps——83rd—44.8%
Non-Marketable Limit$1k–$5k • Odd Lot2,83692,001—100.0%15.5 bps——73rd—44.3%
Non-Marketable Limit$1k–$5k • Round Lot3,1182,102,424—100.0%22.5 bps——48th—27.2%
Non-Marketable Limit$5k–$10k • Odd Lot78833,857—100.0%8.8 bps——48th—57.8%
Non-Marketable Limit$5k–$10k • Round Lot1,8391,509,652—100.0%18.3 bps——59th—31.9%
Non-Marketable Limit$10k–$20k • Odd Lot25913,957—100.0%11.4 bps——65th—55.3%
Non-Marketable Limit$10k–$20k • Round Lot1,8902,282,240—100.0%17.9 bps——72nd—24.8%
Non-Marketable Limit$20k–$50k • Odd Lot11598————————
Non-Marketable Limit$20k–$50k • Round Lot1,7593,533,866—100.0%13.9 bps——73rd—29.3%
Non-Marketable Limit$50k–$200k • Round Lot1,3956,872,361—100.0%10.8 bps——68th—20.6%
Non-Marketable Limit≥$200k • Round Lot2444,193,385—100.0%4.9 bps——33rd—14.8%
Market<$250 • Fractional21569—2.1%0.0 bps——14th—100.0%
Market<$250 • Odd Lot1,1062,108—96.9%2.5 bps——37th—99.6%
Market$250–$999 • Fractional1814————————
Market$250–$999 • Odd Lot3,68816,938—96.0%2.8 bps——51st—99.9%
Market$1k–$5k • Odd Lot8,580116,900—97.0%2.9 bps——55th—99.9%
Market$1k–$5k • Round Lot35345,287—97.9%2.0 bps——67th—99.6%
Market$5k–$10k • Odd Lot3,68697,057—96.8%3.1 bps——66th—100.0%
Market$5k–$10k • Round Lot670112,580—97.7%2.1 bps——81st—99.9%
Market$10k–$20k • Odd Lot2,29782,230—96.3%3.0 bps——66th—100.0%
Market$10k–$20k • Round Lot1,610269,528—96.8%2.6 bps——80th—100.0%
Market$20k–$50k • Odd Lot61624,426—96.8%3.0 bps——44th—100.0%
Market$20k–$50k • Round Lot2,626533,013—97.4%2.4 bps——60th—99.8%
Market$50k–$200k • Odd Lot6203————————
Market$50k–$200k • Round Lot1,649880,925—93.8%2.5 bps——60th—100.0%
Market≥$200k • Round Lot383641,274—80.6%2.0 bps——85th—100.0%
Marketable Limit<$250 • Odd Lot105217—92.2%2.0 bps——73rd—100.0%
Marketable Limit$250–$999 • Odd Lot2411,504—94.5%2.2 bps——73rd—100.0%
Marketable Limit$1k–$5k • Odd Lot5769,545—96.9%2.6 bps——83rd—99.7%
Marketable Limit$1k–$5k • Round Lot506,556————————
Marketable Limit$5k–$10k • Odd Lot3139,286—95.6%2.4 bps——79th—100.0%
Marketable Limit$5k–$10k • Round Lot7614,177————————
Marketable Limit$10k–$20k • Odd Lot1807,032—94.5%2.3 bps——77th—100.0%
Marketable Limit$10k–$20k • Round Lot18835,969—95.1%2.5 bps——83rd—99.4%
Marketable Limit$20k–$50k • Odd Lot431,424————————
Marketable Limit$20k–$50k • Round Lot28967,643—92.7%2.4 bps——87th—99.4%
Marketable Limit$50k–$200k • Odd Lot130————————
Marketable Limit$50k–$200k • Round Lot244153,113—87.9%2.2 bps——87th—97.1%
Marketable Limit≥$200k • Round Lot141463,549—59.0%2.2 bps——96th—98.9%
Non-Marketable Limit<$250 • Odd Lot231414—100.0%5.1 bps——66th—46.0%
Non-Marketable Limit$250–$999 • Odd Lot7863,262—100.0%2.9 bps——16th—57.3%
Non-Marketable Limit$1k–$5k • Odd Lot2,11729,421—100.0%5.6 bps——79th—58.1%
Non-Marketable Limit$1k–$5k • Round Lot11214,727—100.0%7.5 bps——88th—31.0%
Non-Marketable Limit$5k–$10k • Odd Lot1,16532,373—100.0%3.3 bps——30th—63.7%
Non-Marketable Limit$5k–$10k • Round Lot18632,207—100.0%13.9 bps——93rd—35.6%
Non-Marketable Limit$10k–$20k • Odd Lot67725,184—100.0%4.1 bps——52nd—62.8%
Non-Marketable Limit$10k–$20k • Round Lot60097,343—100.0%7.5 bps——91st—41.0%
Non-Marketable Limit$20k–$50k • Odd Lot1906,458—100.0%4.8 bps——76th—73.3%
Non-Marketable Limit$20k–$50k • Round Lot1,046224,394—100.0%3.1 bps——40th—51.1%
Non-Marketable Limit$50k–$200k • Round Lot1,493457,114—100.0%4.8 bps——79th—46.6%
Non-Marketable Limit≥$200k • Round Lot457894,153—100.0%3.3 bps——57th—38.9%

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 NameMonthKindStatusFetched AtSource URL
GWFS202608.zip202608detailedstored2026-10-15T19:56:12.217482939+00:00 File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
11
Tiers with < 100 covered orders
Missing Files
0
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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