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Rule 605 Market Center Scorecard

INTERACTIVE BROKERS CORP.

Reporter ID: IBFR • Quarter: 2026Q3 • Methodology: exq-2
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:28:34 GMT
Quarter:2026Q3
Covered Orders0Across all reported tiers
Covered Shares701,554In Q3 2026
Active Tiers19Order 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 • FRACT017,117————————
market$250–$999 • FRACT087————————
market$1k–$5k • FRACT010————————
marketable_limit<$250 • FRACT0310,894————————
marketable_limit$250–$999 • FRACT028,954————————
marketable_limit$1k–$5k • FRACT01,153————————
nonmarketable_limit<$250 • FRACT018,060————————
nonmarketable_limit$250–$999 • FRACT03,258————————
nonmarketable_limit$1k–$5k • FRACT0103————————
market<$250 • FRACT01,292————————
market$250–$999 • FRACT0264————————
market$1k–$5k • FRACT012————————
marketable_limit<$250 • FRACT0207,233————————
marketable_limit$250–$999 • FRACT079,367————————
marketable_limit$250–$999 • ODD01————————
marketable_limit$1k–$5k • FRACT04,630————————
nonmarketable_limit<$250 • FRACT020,117————————
nonmarketable_limit$250–$999 • FRACT08,451————————
nonmarketable_limit$1k–$5k • FRACT0552————————

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
IBFR.202608.zip202608detailedstored2026-09-30T21:17:20.841387741+00:00 File Link ↗
IBFR.202608.csv202608summarytoo_large2026-10-02T17:18:32.212+00:00 File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
19
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.
Does your firm route to INTERACTIVE BROKERS CORP.? See which competing venues beat it on your symbol mix → Enter your Firm CRD