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Rule 605 Market Center Scorecard
INTERACTIVE BROKERS LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:13:04 GMT
Quarter:2026Q3
Covered Orders218,723,233Across all reported tiers
Covered Shares400,891,085,117In Q3 2026
Active Tiers56Order 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 | 793,219 | 6,833,425 | 97.4% | 84.5% | 10.8 bps | -9.1 bps | 75% | 86th | $0.0173 | 100.0% |
| marketable_limit | <$250 • ROUND | 104,228 | 17,761,417 | 95.5% | 80.2% | 16.5 bps | -28.5 bps | 79% | 69th | $0.0058 | 100.0% |
| marketable_limit | $250–$999 • ODD | 1,032,487 | 19,683,496 | 97.1% | 88.5% | 8.6 bps | -6.8 bps | 87% | 91st | $0.0254 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 292,225 | 71,254,630 | 94.4% | 75.0% | 13.6 bps | -17.2 bps | 75% | 71st | $0.0083 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 1,150,601 | 34,019,034 | 96.5% | 92.4% | 7.3 bps | -6.9 bps | 90% | 96th | $0.0506 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 1,006,183 | 230,563,258 | 93.4% | 68.6% | 7.8 bps | -9.7 bps | 80% | 73rd | $0.0148 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 306,931 | 14,631,718 | 95.0% | 93.9% | 6.0 bps | -9.6 bps | 90% | 96th | $0.0736 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 469,800 | 162,619,254 | 93.4% | 62.8% | 6.2 bps | -6.8 bps | 64% | 77th | $0.0203 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 116,245 | 7,023,487 | 95.5% | 95.6% | 6.2 bps | -5.5 bps | 93% | 97th | $0.1108 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 520,669 | 200,226,747 | 92.1% | 60.2% | 4.4 bps | -7.5 bps | 65% | 77th | $0.0276 | 100.0% |
| marketable_limit | $20k–$50k • ODD | 11,218 | 921,831 | 96.4% | 97.9% | 7.3 bps | -2.2 bps | 89% | 98th | $0.1844 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 375,575 | 225,737,381 | 91.4% | 57.2% | 3.7 bps | -6.1 bps | 65% | 83rd | $0.0384 | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 170,778 | 225,692,225 | 90.2% | 57.1% | 2.5 bps | -5.0 bps | 62% | 90th | $0.0550 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 23,801 | 76,997,916 | 89.1% | 59.2% | 1.9 bps | -6.3 bps | 68% | 95th | $0.1153 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 431,983 | 5,713,931 | 8.3% | 100.0% | 21.7 bps | 37.5 bps | 42% | 46th | $0.0257 | 97.5% |
| nonmarketable_limit | <$250 • ROUND | 15,764 | 2,373,035 | 27.7% | 100.0% | 62.1 bps | 99.7 bps | 15% | 52nd | $0.0069 | 98.7% |
| nonmarketable_limit | $250–$999 • ODD | 437,569 | 13,065,967 | 10.4% | 100.0% | 15.0 bps | 32.2 bps | 50% | 45th | $0.0323 | 98.7% |
| nonmarketable_limit | $250–$999 • ROUND | 358,254 | 62,280,534 | 5.6% | 100.0% | 42.7 bps | 126.6 bps | 29% | 37th | $0.0123 | 96.2% |
| nonmarketable_limit | $1k–$5k • ODD | 939,540 | 32,740,992 | 9.4% | 100.0% | 12.0 bps | 34.4 bps | 75% | 49th | $0.0491 | 99.3% |
| nonmarketable_limit | $1k–$5k • ROUND | 2,770,666 | 961,342,112 | 1.4% | 100.0% | 21.3 bps | 79.8 bps | 65% | 41st | $0.0176 | 90.2% |
| nonmarketable_limit | $5k–$10k • ODD | 347,131 | 15,152,960 | 9.7% | 100.0% | 9.8 bps | 36.1 bps | 84% | 55th | $0.0641 | 99.7% |
| nonmarketable_limit | $5k–$10k • ROUND | 3,193,934 | 4,377,610,582 | 0.3% | 100.0% | 15.1 bps | 61.5 bps | 80% | 44th | $0.0225 | 65.4% |
| nonmarketable_limit | $10k–$20k • ODD | 162,461 | 9,718,170 | 7.4% | 100.0% | 9.9 bps | 33.9 bps | 86% | 51st | $0.0908 | 99.8% |
| nonmarketable_limit | $10k–$20k • ROUND | 10,345,108 | 18,969,245,306 | 0.1% | 100.0% | 10.1 bps | 48.7 bps | 91% | 41st | $0.0297 | 50.3% |
| nonmarketable_limit | $20k–$50k • ODD | 36,145 | 2,322,290 | 3.6% | 100.0% | 11.9 bps | 27.0 bps | 74% | 49th | $0.1537 | 99.8% |
| nonmarketable_limit | $20k–$50k • ROUND | 28,137,354 | 60,218,067,245 | 0.1% | 100.0% | 9.1 bps | 47.9 bps | 95% | 44th | $0.0449 | 51.8% |
| nonmarketable_limit | $50k–$200k • ROUND | 72,630,447 | 166,103,552,836 | 0.0% | 100.0% | 7.9 bps | 41.6 bps | 97% | 46th | $0.0631 | 54.8% |
| nonmarketable_limit | ≥$200k • ROUND | 13,709,874 | 23,737,868,338 | 0.1% | 100.0% | 6.8 bps | 42.9 bps | 91% | 57th | $0.1396 | 73.7% |
| marketable_limit | <$250 • ODD | 186,425 | 310,538 | 98.1% | 95.4% | 3.6 bps | -3.5 bps | 95% | 97th | $0.0158 | 100.0% |
| marketable_limit | $250–$999 • ODD | 633,602 | 2,616,832 | 97.4% | 95.0% | 3.4 bps | -3.8 bps | 99% | 95th | $0.0281 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 230 | 23,012 | 99.1% | 98.9% | 5.7 bps | -1.7 bps | 100% | 100th | $0.0001 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 1,148,658 | 14,652,663 | 96.6% | 95.2% | 3.5 bps | -5.7 bps | 100% | 98th | $0.0465 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 66,497 | 6,862,313 | 94.0% | 87.5% | 2.1 bps | -5.9 bps | 99% | 92nd | $0.0027 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 513,059 | 13,417,475 | 96.6% | 95.4% | 3.3 bps | -7.2 bps | 97% | 95th | $0.0672 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 101,764 | 12,533,795 | 95.1% | 85.7% | 2.5 bps | -4.1 bps | 95% | 98th | $0.0092 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 307,455 | 11,153,364 | 96.2% | 95.4% | 3.1 bps | -5.0 bps | 96% | 93rd | $0.0913 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 293,731 | 32,103,349 | 95.7% | 87.3% | 3.1 bps | -6.4 bps | 94% | 97th | $0.0290 | 100.0% |
| marketable_limit | $20k–$50k • ODD | 116,365 | 4,457,265 | 94.1% | 97.4% | 3.1 bps | -0.6 bps | 96% | 85th | $0.2337 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 447,077 | 63,288,551 | 94.9% | 82.8% | 2.3 bps | -4.8 bps | 94% | 88th | $0.0520 | 100.0% |
| marketable_limit | $50k–$200k • ODD | 3,484 | 125,223 | 92.4% | 98.4% | 2.8 bps | 0.9 bps | 95% | 70th | $0.5817 | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 285,409 | 93,263,966 | 94.1% | 71.6% | 1.8 bps | -2.8 bps | 90% | 78th | $0.0929 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 56,547 | 62,259,814 | 93.3% | 64.5% | 1.2 bps | -4.9 bps | 85% | 91st | $0.1804 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 31,811 | 58,642 | 28.8% | 100.0% | 5.3 bps | 19.9 bps | 67% | 70th | $0.0301 | 99.5% |
| nonmarketable_limit | $250–$999 • ODD | 106,175 | 546,374 | 33.3% | 100.0% | 5.0 bps | 22.4 bps | 76% | 74th | $0.0440 | 99.7% |
| nonmarketable_limit | $250–$999 • ROUND | 2 | 200 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 1,003,935 | 20,410,169 | 7.1% | 100.0% | 4.9 bps | 26.8 bps | 92% | 65th | $0.0514 | 99.1% |
| nonmarketable_limit | $1k–$5k • ROUND | 52,463 | 5,290,502 | 3.2% | 100.0% | 3.9 bps | 11.1 bps | 73% | 58th | $0.0034 | 97.4% |
| nonmarketable_limit | $5k–$10k • ODD | 729,302 | 18,806,084 | 7.1% | 100.0% | 4.7 bps | 30.0 bps | 92% | 65th | $0.0688 | 99.2% |
| nonmarketable_limit | $5k–$10k • ROUND | 105,851 | 16,349,198 | 3.8% | 100.0% | 4.0 bps | 24.2 bps | 80% | 79th | $0.0115 | 98.2% |
| nonmarketable_limit | $10k–$20k • ODD | 261,426 | 11,301,575 | 9.4% | 100.0% | 4.5 bps | 24.0 bps | 93% | 64th | $0.0860 | 99.6% |
| nonmarketable_limit | $10k–$20k • ROUND | 300,609 | 51,817,728 | 5.1% | 100.0% | 4.5 bps | 33.9 bps | 91% | 71st | $0.0270 | 99.1% |
| nonmarketable_limit | $20k–$50k • ODD | 78,503 | 3,957,818 | 12.2% | 100.0% | 4.5 bps | 8.7 bps | 94% | 67th | $0.1867 | 99.9% |
| nonmarketable_limit | $20k–$50k • ROUND | 832,242 | 341,644,696 | 1.9% | 100.0% | 4.0 bps | 36.2 bps | 95% | 65th | $0.0475 | 98.2% |
| nonmarketable_limit | $50k–$200k • ODD | 363 | 12,894 | 75.4% | 100.0% | 3.9 bps | 2.9 bps | 95% | 33rd | $0.3597 | 100.0% |
| nonmarketable_limit | $50k–$200k • ROUND | 32,206,087 | 62,833,469,219 | 0.0% | 100.0% | 3.8 bps | 31.1 bps | 99% | 65th | $0.0827 | 76.8% |
| nonmarketable_limit | ≥$200k • ROUND | 38,963,971 | 61,465,331,741 | 0.0% | 100.0% | 3.4 bps | 29.0 bps | 99% | 59th | $0.1264 | 84.1% |
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 |
|---|---|---|---|---|---|
| tiats202607.dat | 202607 | detailed | stored | 2026-09-28T18:18:45.815+00:00 | File Link ↗ |
| tiats202607.zip | 202607 | detailed | variant | File Link ↗ | |
| IBAT.202608.csv | 202608 | summary | too_large | 2026-10-02T12:18:43.047+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
1
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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