← Back to Market Centers
Print to PDF: browser Print (Ctrl+P / Cmd+P)
Rule 605 Market Center Scorecard
ROBINHOOD SECURITIES, LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:28:31 GMT
Quarter:2026Q3
Covered Orders44,168,199Across all reported tiers
Covered Shares11,340,845,883In Q3 2026
Active Tiers105Order 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 | 5,012,177 | 1,247,261 | — | 85.8% | 4.5 bps | — | — | 81st | — | 100.0% |
| market | <$250 • ODD | 9,124,025 | 82,372,492 | — | 80.9% | 13.8 bps | — | — | 91st | — | 99.9% |
| market | <$250 • ROUND | 764,523 | 225,718,374 | — | 71.2% | 29.2 bps | — | — | 61st | — | 99.9% |
| market | $250–$999 • FRACT | 104,551 | 64,302 | — | 83.0% | 2.3 bps | — | — | 96th | — | 99.9% |
| market | $250–$999 • ODD | 3,418,538 | 69,420,957 | — | 85.4% | 8.6 bps | — | — | 88th | — | 99.9% |
| market | $250–$999 • ROUND | 1,197,178 | 704,666,139 | — | 70.7% | 22.1 bps | — | — | 86th | — | 99.9% |
| market | $1k–$5k • FRACT | 2,250 | 1,528 | — | 88.5% | 3.3 bps | — | — | 56th | — | 100.0% |
| market | $1k–$5k • ODD | 2,059,203 | 60,250,682 | — | 86.9% | 5.3 bps | — | — | 78th | — | 100.0% |
| market | $1k–$5k • ROUND | 1,889,632 | 1,715,590,602 | — | 59.4% | 11.2 bps | — | — | 85th | — | 99.8% |
| market | $5k–$10k • FRACT | 17 | 0 | — | — | — | — | — | — | — | — |
| market | $5k–$10k • ODD | 368,983 | 17,504,674 | — | 88.6% | 4.0 bps | — | — | 64th | — | 100.0% |
| market | $5k–$10k • ROUND | 717,851 | 915,341,185 | — | 59.3% | 6.7 bps | — | — | 77th | — | 99.5% |
| market | $10k–$20k • FRACT | 15 | 0 | — | — | — | — | — | — | — | — |
| market | $10k–$20k • ODD | 112,057 | 6,859,690 | — | 90.5% | 4.5 bps | — | — | 73rd | — | 100.0% |
| market | $10k–$20k • ROUND | 658,349 | 920,344,273 | — | 61.6% | 4.4 bps | — | — | 67th | — | 99.1% |
| market | $20k–$50k • FRACT | 5 | 0 | — | — | — | — | — | — | — | — |
| market | $20k–$50k • ODD | 7,998 | 556,751 | — | 90.4% | 6.6 bps | — | — | 98th | — | 100.0% |
| market | $20k–$50k • ROUND | 549,853 | 1,168,594,317 | — | 65.9% | 3.2 bps | — | — | 55th | — | 98.7% |
| market | $50k–$200k • FRACT | 2 | 0 | — | — | — | — | — | — | — | — |
| market | $50k–$200k • ROUND | 265,614 | 1,029,045,780 | — | 61.9% | 1.3 bps | — | — | 38th | — | 97.9% |
| market | ≥$200k • ROUND | 41,209 | 519,943,291 | — | 35.8% | -2.2 bps | — | — | 15th | — | 94.2% |
| marketable_limit | <$250 • FRACT | 11,568 | 1,542 | — | 87.5% | 6.5 bps | — | — | 93rd | — | 99.5% |
| marketable_limit | <$250 • ODD | 327,909 | 2,807,011 | — | 81.9% | 12.4 bps | — | — | 93rd | — | 99.5% |
| marketable_limit | <$250 • ROUND | 30,601 | 9,011,535 | — | 70.0% | 24.0 bps | — | — | 82nd | — | 99.3% |
| marketable_limit | $250–$999 • FRACT | 32 | 21 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ODD | 69,901 | 2,000,074 | — | 84.4% | 7.5 bps | — | — | 88th | — | 99.4% |
| marketable_limit | $250–$999 • ROUND | 60,217 | 35,966,194 | — | 67.1% | 18.0 bps | — | — | 89th | — | 98.5% |
| marketable_limit | $1k–$5k • FRACT | 3 | 2 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 34,060 | 1,213,739 | — | 83.8% | 4.3 bps | — | — | 81st | — | 99.3% |
| marketable_limit | $1k–$5k • ROUND | 103,482 | 135,498,217 | — | 59.5% | 10.5 bps | — | — | 85th | — | 95.6% |
| marketable_limit | $5k–$10k • ODD | 4,759 | 240,279 | — | 84.2% | 3.1 bps | — | — | 80th | — | 99.0% |
| marketable_limit | $5k–$10k • ROUND | 57,026 | 139,515,532 | — | 63.7% | 7.6 bps | — | — | 87th | — | 94.6% |
| marketable_limit | $10k–$20k • ODD | 1,120 | 70,092 | — | 85.5% | 3.7 bps | — | — | 76th | — | 99.2% |
| marketable_limit | $10k–$20k • ROUND | 98,703 | 411,079,298 | — | 71.7% | 7.7 bps | — | — | 94th | — | 98.1% |
| marketable_limit | $20k–$50k • ODD | 71 | 5,101 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 102,986 | 446,111,963 | — | 73.2% | 4.1 bps | — | — | 88th | — | 97.5% |
| marketable_limit | $50k–$200k • ROUND | 18,787 | 167,133,084 | — | 57.0% | 1.3 bps | — | — | 72nd | — | 88.7% |
| marketable_limit | ≥$200k • ROUND | 3,365 | 93,380,408 | — | 39.9% | -0.3 bps | — | — | 39th | — | 78.2% |
| nonmarketable_limit | <$250 • FRACT | 3,386 | 333 | — | 100.0% | 15.6 bps | — | — | 54th | — | 59.3% |
| nonmarketable_limit | <$250 • ODD | 1,059,930 | 10,868,345 | — | 100.0% | 42.3 bps | — | — | 87th | — | 39.5% |
| nonmarketable_limit | <$250 • ROUND | 108,101 | 28,786,128 | — | 100.0% | 73.0 bps | — | — | 71st | — | 49.2% |
| nonmarketable_limit | $250–$999 • FRACT | 16 | 11 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 354,067 | 8,974,383 | — | 100.0% | 25.1 bps | — | — | 78th | — | 40.9% |
| nonmarketable_limit | $250–$999 • ROUND | 229,111 | 114,827,597 | — | 100.0% | 69.3 bps | — | — | 81st | — | 45.2% |
| nonmarketable_limit | $1k–$5k • ODD | 202,847 | 6,487,431 | — | 100.0% | 13.3 bps | — | — | 58th | — | 47.7% |
| nonmarketable_limit | $1k–$5k • ROUND | 383,128 | 378,264,356 | — | 100.0% | 38.7 bps | — | — | 80th | — | 39.3% |
| nonmarketable_limit | $5k–$10k • ODD | 35,737 | 1,562,237 | — | 100.0% | 9.4 bps | — | — | 51st | — | 57.2% |
| nonmarketable_limit | $5k–$10k • ROUND | 141,268 | 239,284,085 | — | 100.0% | 23.6 bps | — | — | 73rd | — | 33.6% |
| nonmarketable_limit | $10k–$20k • ODD | 9,530 | 559,425 | — | 100.0% | 8.6 bps | — | — | 47th | — | 55.7% |
| nonmarketable_limit | $10k–$20k • ROUND | 129,728 | 311,181,213 | — | 100.0% | 18.2 bps | — | — | 76th | — | 40.4% |
| nonmarketable_limit | $20k–$50k • ODD | 933 | 75,285 | — | 100.0% | 13.4 bps | — | — | 57th | — | 58.9% |
| nonmarketable_limit | $20k–$50k • ROUND | 104,185 | 339,986,268 | — | 100.0% | 13.5 bps | — | — | 74th | — | 35.3% |
| nonmarketable_limit | $50k–$200k • ROUND | 48,774 | 298,343,640 | — | 100.0% | 10.3 bps | — | — | 69th | — | 20.5% |
| nonmarketable_limit | ≥$200k • ROUND | 9,565 | 189,744,447 | — | 100.0% | 6.6 bps | — | — | 49th | — | 20.6% |
| market | <$250 • FRACT | 5,594,683 | 895,490 | — | 84.9% | 2.4 bps | — | — | 53rd | — | 100.0% |
| market | <$250 • ODD | 992,222 | 1,800,179 | — | 88.7% | 2.4 bps | — | — | 40th | — | 100.0% |
| market | $250–$999 • FRACT | 335,526 | 198,421 | — | 85.9% | 2.6 bps | — | — | 59th | — | 100.0% |
| market | $250–$999 • ODD | 2,008,723 | 7,342,545 | — | 88.5% | 2.5 bps | — | — | 38th | — | 100.0% |
| market | $250–$999 • ROUND | 187 | 18,941 | — | 81.3% | 4.3 bps | — | — | 17th | — | 100.0% |
| market | $1k–$5k • FRACT | 16,482 | 13,061 | — | 90.3% | 3.5 bps | — | — | 64th | — | 99.9% |
| market | $1k–$5k • ODD | 2,247,840 | 24,001,700 | — | 88.8% | 2.5 bps | — | — | 47th | — | 100.0% |
| market | $1k–$5k • ROUND | 56,331 | 6,901,707 | — | 88.7% | 1.8 bps | — | — | 59th | — | 100.0% |
| market | $5k–$10k • ODD | 670,345 | 16,521,001 | — | 89.5% | 2.5 bps | — | — | 41st | — | 100.0% |
| market | $5k–$10k • ROUND | 80,082 | 12,914,037 | — | 86.5% | 1.7 bps | — | — | 56th | — | 100.0% |
| market | $10k–$20k • ODD | 366,267 | 12,197,133 | — | 89.7% | 2.6 bps | — | — | 47th | — | 100.0% |
| market | $10k–$20k • ROUND | 220,458 | 31,996,200 | — | 86.8% | 2.1 bps | — | — | 49th | — | 100.0% |
| market | $20k–$50k • ODD | 121,176 | 4,266,425 | — | 91.1% | 2.9 bps | — | — | 42nd | — | 100.0% |
| market | $20k–$50k • ROUND | 387,886 | 79,687,464 | — | 83.9% | 1.8 bps | — | — | 37th | — | 100.0% |
| market | $50k–$200k • ODD | 4,152 | 157,320 | — | 93.0% | 3.2 bps | — | — | 32nd | — | 100.0% |
| market | $50k–$200k • ROUND | 283,340 | 133,032,522 | — | 79.3% | 1.6 bps | — | — | 35th | — | 100.0% |
| market | ≥$200k • ROUND | 66,824 | 122,066,489 | — | 57.2% | 0.7 bps | — | — | 46th | — | 99.6% |
| marketable_limit | <$250 • FRACT | 6,096 | 929 | — | 85.3% | 3.3 bps | — | — | 79th | — | 99.4% |
| marketable_limit | <$250 • ODD | 16,457 | 31,553 | — | 89.6% | 1.6 bps | — | — | 59th | — | 99.2% |
| marketable_limit | $250–$999 • FRACT | 248 | 164 | — | 86.6% | 3.7 bps | — | — | 82nd | — | 99.5% |
| marketable_limit | $250–$999 • ODD | 22,546 | 125,213 | — | 89.6% | 2.0 bps | — | — | 67th | — | 99.3% |
| marketable_limit | $250–$999 • ROUND | 4 | 400 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • FRACT | 3 | 2 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 25,383 | 366,078 | — | 87.4% | 2.0 bps | — | — | 70th | — | 99.2% |
| marketable_limit | $1k–$5k • ROUND | 1,980 | 249,481 | — | 85.5% | 1.8 bps | — | — | 81st | — | 99.4% |
| marketable_limit | $5k–$10k • ODD | 7,379 | 201,552 | — | 85.7% | 2.0 bps | — | — | 65th | — | 98.9% |
| marketable_limit | $5k–$10k • ROUND | 2,046 | 397,079 | — | 83.7% | 1.5 bps | — | — | 78th | — | 99.5% |
| marketable_limit | $10k–$20k • ODD | 3,606 | 129,302 | — | 85.2% | 2.2 bps | — | — | 80th | — | 98.7% |
| marketable_limit | $10k–$20k • ROUND | 4,170 | 864,030 | — | 83.6% | 1.8 bps | — | — | 67th | — | 99.3% |
| marketable_limit | $20k–$50k • ODD | 1,023 | 39,019 | — | 84.8% | 2.6 bps | — | — | 77th | — | 99.2% |
| marketable_limit | $20k–$50k • ROUND | 9,156 | 8,516,531 | — | 69.1% | 1.6 bps | — | — | 64th | — | 99.7% |
| marketable_limit | $50k–$200k • ODD | 30 | 991 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 6,209 | 8,049,166 | — | 71.8% | 1.4 bps | — | — | 63rd | — | 98.3% |
| marketable_limit | ≥$200k • ROUND | 1,600 | 5,579,161 | — | 46.5% | 0.4 bps | — | — | 71st | — | 89.7% |
| nonmarketable_limit | <$250 • FRACT | 2,359 | 334 | — | 100.0% | 6.8 bps | — | — | 65th | — | 51.8% |
| nonmarketable_limit | <$250 • ODD | 78,655 | 128,641 | — | 100.0% | 4.5 bps | — | — | 48th | — | 44.3% |
| nonmarketable_limit | $250–$999 • FRACT | 87 | 53 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 135,811 | 536,666 | — | 100.0% | 4.4 bps | — | — | 64th | — | 49.3% |
| nonmarketable_limit | $250–$999 • ROUND | 12 | 1,200 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • FRACT | 1 | 1 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 157,335 | 1,830,252 | — | 100.0% | 3.8 bps | — | — | 40th | — | 57.2% |
| nonmarketable_limit | $1k–$5k • ROUND | 6,716 | 822,324 | — | 100.0% | 4.3 bps | — | — | 68th | — | 31.7% |
| nonmarketable_limit | $5k–$10k • ODD | 52,558 | 1,315,861 | — | 100.0% | 3.8 bps | — | — | 39th | — | 60.3% |
| nonmarketable_limit | $5k–$10k • ROUND | 8,385 | 1,423,194 | — | 100.0% | 3.4 bps | — | — | 71st | — | 37.3% |
| nonmarketable_limit | $10k–$20k • ODD | 29,205 | 922,798 | — | 100.0% | 3.7 bps | — | — | 37th | — | 62.8% |
| nonmarketable_limit | $10k–$20k • ROUND | 21,411 | 3,372,600 | — | 100.0% | 3.5 bps | — | — | 52nd | — | 44.6% |
| nonmarketable_limit | $20k–$50k • ODD | 8,852 | 308,364 | — | 100.0% | 3.6 bps | — | — | 40th | — | 62.8% |
| nonmarketable_limit | $20k–$50k • ROUND | 33,566 | 7,523,601 | — | 100.0% | 3.3 bps | — | — | 48th | — | 47.2% |
| nonmarketable_limit | $50k–$200k • ODD | 241 | 8,134 | — | 100.0% | 5.3 bps | — | — | 58th | — | 67.3% |
| nonmarketable_limit | $50k–$200k • ROUND | 25,837 | 14,374,763 | — | 100.0% | 3.0 bps | — | — | 42nd | — | 45.9% |
| nonmarketable_limit | ≥$200k • ROUND | 7,782 | 19,214,236 | — | 100.0% | 2.5 bps | — | — | 31st | — | 43.2% |
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.
No raw Rule 605 files stored for this market center.
4. Coverage Gaps & Review Limitations
Suppressed Cells
14
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 ROBINHOOD SECURITIES, LLC? See which competing venues beat it on your symbol mix → Enter your Firm CRD