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Rule 605 Market Center Scorecard

ROBINHOOD SECURITIES, LLC

Reporter ID: HOOD • Quarter: 2026Q3 • Methodology: exq-2
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:30:45 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.

ClassNotional × LotOrdersCovered ShFill RatePI RateNPI (bps)Peer Bench (bps)CoverageRank PctlEff SpreadSpeed <1s
market<$250 • FRACT5,012,1771,247,261—85.8%4.5 bps——81st—100.0%
market<$250 • ODD9,124,02582,372,492—80.9%13.8 bps——91st—99.9%
market<$250 • ROUND764,523225,718,374—71.2%29.2 bps——61st—99.9%
market$250–$999 • FRACT104,55164,302—83.0%2.3 bps——96th—99.9%
market$250–$999 • ODD3,418,53869,420,957—85.4%8.6 bps——88th—99.9%
market$250–$999 • ROUND1,197,178704,666,139—70.7%22.1 bps——86th—99.9%
market$1k–$5k • FRACT2,2501,528—88.5%3.3 bps——56th—100.0%
market$1k–$5k • ODD2,059,20360,250,682—86.9%5.3 bps——78th—100.0%
market$1k–$5k • ROUND1,889,6321,715,590,602—59.4%11.2 bps——85th—99.8%
market$5k–$10k • FRACT170————————
market$5k–$10k • ODD368,98317,504,674—88.6%4.0 bps——64th—100.0%
market$5k–$10k • ROUND717,851915,341,185—59.3%6.7 bps——77th—99.5%
market$10k–$20k • FRACT150————————
market$10k–$20k • ODD112,0576,859,690—90.5%4.5 bps——73rd—100.0%
market$10k–$20k • ROUND658,349920,344,273—61.6%4.4 bps——67th—99.1%
market$20k–$50k • FRACT50————————
market$20k–$50k • ODD7,998556,751—90.4%6.6 bps——98th—100.0%
market$20k–$50k • ROUND549,8531,168,594,317—65.9%3.2 bps——55th—98.7%
market$50k–$200k • FRACT20————————
market$50k–$200k • ROUND265,6141,029,045,780—61.9%1.3 bps——38th—97.9%
market≥$200k • ROUND41,209519,943,291—35.8%-2.2 bps——15th—94.2%
marketable_limit<$250 • FRACT11,5681,542—87.5%6.5 bps——93rd—99.5%
marketable_limit<$250 • ODD327,9092,807,011—81.9%12.4 bps——93rd—99.5%
marketable_limit<$250 • ROUND30,6019,011,535—70.0%24.0 bps——82nd—99.3%
marketable_limit$250–$999 • FRACT3221————————
marketable_limit$250–$999 • ODD69,9012,000,074—84.4%7.5 bps——88th—99.4%
marketable_limit$250–$999 • ROUND60,21735,966,194—67.1%18.0 bps——89th—98.5%
marketable_limit$1k–$5k • FRACT32————————
marketable_limit$1k–$5k • ODD34,0601,213,739—83.8%4.3 bps——81st—99.3%
marketable_limit$1k–$5k • ROUND103,482135,498,217—59.5%10.5 bps——85th—95.6%
marketable_limit$5k–$10k • ODD4,759240,279—84.2%3.1 bps——80th—99.0%
marketable_limit$5k–$10k • ROUND57,026139,515,532—63.7%7.6 bps——87th—94.6%
marketable_limit$10k–$20k • ODD1,12070,092—85.5%3.7 bps——76th—99.2%
marketable_limit$10k–$20k • ROUND98,703411,079,298—71.7%7.7 bps——94th—98.1%
marketable_limit$20k–$50k • ODD715,101————————
marketable_limit$20k–$50k • ROUND102,986446,111,963—73.2%4.1 bps——88th—97.5%
marketable_limit$50k–$200k • ROUND18,787167,133,084—57.0%1.3 bps——72nd—88.7%
marketable_limit≥$200k • ROUND3,36593,380,408—39.9%-0.3 bps——39th—78.2%
nonmarketable_limit<$250 • FRACT3,386333—100.0%15.6 bps——54th—59.3%
nonmarketable_limit<$250 • ODD1,059,93010,868,345—100.0%42.3 bps——87th—39.5%
nonmarketable_limit<$250 • ROUND108,10128,786,128—100.0%73.0 bps——71st—49.2%
nonmarketable_limit$250–$999 • FRACT1611————————
nonmarketable_limit$250–$999 • ODD354,0678,974,383—100.0%25.1 bps——78th—40.9%
nonmarketable_limit$250–$999 • ROUND229,111114,827,597—100.0%69.3 bps——81st—45.2%
nonmarketable_limit$1k–$5k • ODD202,8476,487,431—100.0%13.3 bps——58th—47.7%
nonmarketable_limit$1k–$5k • ROUND383,128378,264,356—100.0%38.7 bps——80th—39.3%
nonmarketable_limit$5k–$10k • ODD35,7371,562,237—100.0%9.4 bps——51st—57.2%
nonmarketable_limit$5k–$10k • ROUND141,268239,284,085—100.0%23.6 bps——73rd—33.6%
nonmarketable_limit$10k–$20k • ODD9,530559,425—100.0%8.6 bps——47th—55.7%
nonmarketable_limit$10k–$20k • ROUND129,728311,181,213—100.0%18.2 bps——76th—40.4%
nonmarketable_limit$20k–$50k • ODD93375,285—100.0%13.4 bps——57th—58.9%
nonmarketable_limit$20k–$50k • ROUND104,185339,986,268—100.0%13.5 bps——74th—35.3%
nonmarketable_limit$50k–$200k • ROUND48,774298,343,640—100.0%10.3 bps——69th—20.5%
nonmarketable_limit≥$200k • ROUND9,565189,744,447—100.0%6.6 bps——49th—20.6%
market<$250 • FRACT5,594,683895,490—84.9%2.4 bps——53rd—100.0%
market<$250 • ODD992,2221,800,179—88.7%2.4 bps——40th—100.0%
market$250–$999 • FRACT335,526198,421—85.9%2.6 bps——59th—100.0%
market$250–$999 • ODD2,008,7237,342,545—88.5%2.5 bps——38th—100.0%
market$250–$999 • ROUND18718,941—81.3%4.3 bps——17th—100.0%
market$1k–$5k • FRACT16,48213,061—90.3%3.5 bps——64th—99.9%
market$1k–$5k • ODD2,247,84024,001,700—88.8%2.5 bps——47th—100.0%
market$1k–$5k • ROUND56,3316,901,707—88.7%1.8 bps——59th—100.0%
market$5k–$10k • ODD670,34516,521,001—89.5%2.5 bps——41st—100.0%
market$5k–$10k • ROUND80,08212,914,037—86.5%1.7 bps——56th—100.0%
market$10k–$20k • ODD366,26712,197,133—89.7%2.6 bps——47th—100.0%
market$10k–$20k • ROUND220,45831,996,200—86.8%2.1 bps——49th—100.0%
market$20k–$50k • ODD121,1764,266,425—91.1%2.9 bps——42nd—100.0%
market$20k–$50k • ROUND387,88679,687,464—83.9%1.8 bps——37th—100.0%
market$50k–$200k • ODD4,152157,320—93.0%3.2 bps——32nd—100.0%
market$50k–$200k • ROUND283,340133,032,522—79.3%1.6 bps——35th—100.0%
market≥$200k • ROUND66,824122,066,489—57.2%0.7 bps——46th—99.6%
marketable_limit<$250 • FRACT6,096929—85.3%3.3 bps——79th—99.4%
marketable_limit<$250 • ODD16,45731,553—89.6%1.6 bps——59th—99.2%
marketable_limit$250–$999 • FRACT248164—86.6%3.7 bps——82nd—99.5%
marketable_limit$250–$999 • ODD22,546125,213—89.6%2.0 bps——67th—99.3%
marketable_limit$250–$999 • ROUND4400————————
marketable_limit$1k–$5k • FRACT32————————
marketable_limit$1k–$5k • ODD25,383366,078—87.4%2.0 bps——70th—99.2%
marketable_limit$1k–$5k • ROUND1,980249,481—85.5%1.8 bps——81st—99.4%
marketable_limit$5k–$10k • ODD7,379201,552—85.7%2.0 bps——65th—98.9%
marketable_limit$5k–$10k • ROUND2,046397,079—83.7%1.5 bps——78th—99.5%
marketable_limit$10k–$20k • ODD3,606129,302—85.2%2.2 bps——80th—98.7%
marketable_limit$10k–$20k • ROUND4,170864,030—83.6%1.8 bps——67th—99.3%
marketable_limit$20k–$50k • ODD1,02339,019—84.8%2.6 bps——77th—99.2%
marketable_limit$20k–$50k • ROUND9,1568,516,531—69.1%1.6 bps——64th—99.7%
marketable_limit$50k–$200k • ODD30991————————
marketable_limit$50k–$200k • ROUND6,2098,049,166—71.8%1.4 bps——63rd—98.3%
marketable_limit≥$200k • ROUND1,6005,579,161—46.5%0.4 bps——71st—89.7%
nonmarketable_limit<$250 • FRACT2,359334—100.0%6.8 bps——65th—51.8%
nonmarketable_limit<$250 • ODD78,655128,641—100.0%4.5 bps——48th—44.3%
nonmarketable_limit$250–$999 • FRACT8753————————
nonmarketable_limit$250–$999 • ODD135,811536,666—100.0%4.4 bps——64th—49.3%
nonmarketable_limit$250–$999 • ROUND121,200————————
nonmarketable_limit$1k–$5k • FRACT11————————
nonmarketable_limit$1k–$5k • ODD157,3351,830,252—100.0%3.8 bps——40th—57.2%
nonmarketable_limit$1k–$5k • ROUND6,716822,324—100.0%4.3 bps——68th—31.7%
nonmarketable_limit$5k–$10k • ODD52,5581,315,861—100.0%3.8 bps——39th—60.3%
nonmarketable_limit$5k–$10k • ROUND8,3851,423,194—100.0%3.4 bps——71st—37.3%
nonmarketable_limit$10k–$20k • ODD29,205922,798—100.0%3.7 bps——37th—62.8%
nonmarketable_limit$10k–$20k • ROUND21,4113,372,600—100.0%3.5 bps——52nd—44.6%
nonmarketable_limit$20k–$50k • ODD8,852308,364—100.0%3.6 bps——40th—62.8%
nonmarketable_limit$20k–$50k • ROUND33,5667,523,601—100.0%3.3 bps——48th—47.2%
nonmarketable_limit$50k–$200k • ODD2418,134—100.0%5.3 bps——58th—67.3%
nonmarketable_limit$50k–$200k • ROUND25,83714,374,763—100.0%3.0 bps——42nd—45.9%
nonmarketable_limit≥$200k • ROUND7,78219,214,236—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 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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