← Back to Market Centers
Print to PDF: browser Print (Ctrl+P / Cmd+P)
Rule 605 Market Center Scorecard
JANNEY MONTGOMERY SCOTT LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:32:21 GMT
Quarter:2026Q3
Covered Orders3,627Across all reported tiers
Covered Shares1,660,017In Q3 2026
Active Tiers53Order 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 • ODD | 536 | 1,794 | — | 93.9% | 12.5 bps | — | — | 86th | — | 100.0% |
| market | <$250 • ROUND | 1 | 174 | — | — | — | — | — | — | — | — |
| market | $250–$999 • ODD | 210 | 6,048 | — | 93.6% | 11.8 bps | — | — | 95th | — | 99.8% |
| market | $250–$999 • ROUND | 1 | 127 | — | — | — | — | — | — | — | — |
| market | $1k–$5k • ODD | 148 | 8,686 | — | 94.0% | 12.5 bps | — | — | 95th | — | 99.6% |
| market | $1k–$5k • ROUND | 175 | 35,401 | — | 91.4% | 11.1 bps | — | — | 83rd | — | 93.3% |
| market | $5k–$10k • ODD | 24 | 1,352 | — | — | — | — | — | — | — | — |
| market | $5k–$10k • ROUND | 145 | 57,381 | — | 86.7% | 11.1 bps | — | — | 93rd | — | 96.6% |
| market | $10k–$20k • ODD | 4 | 193 | — | — | — | — | — | — | — | — |
| market | $10k–$20k • ROUND | 195 | 140,441 | — | 81.5% | 11.5 bps | — | — | 95th | — | 90.5% |
| market | $20k–$50k • ROUND | 206 | 274,290 | — | 69.1% | 2.6 bps | — | — | 43rd | — | 83.3% |
| market | $50k–$200k • ROUND | 85 | 192,861 | — | — | — | — | — | — | — | — |
| market | ≥$200k • ROUND | 7 | 82,378 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ODD | 4 | 145 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 2 | 148 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ROUND | 8 | 1,109 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ROUND | 4 | 1,600 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ROUND | 13 | 11,073 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 28 | 53,637 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 23 | 155,001 | — | — | — | — | — | — | — | — |
| marketable_limit | ≥$200k • ROUND | 6 | 150,575 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • FRACT | 443 | 208 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • ODD | 1 | 1 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 55 | 2,392 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 6 | 450 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ROUND | 25 | 3,208 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $5k–$10k • ROUND | 11 | 4,359 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ROUND | 10 | 6,808 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ROUND | 23 | 37,619 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $50k–$200k • ROUND | 42 | 253,528 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | ≥$200k • ROUND | 5 | 72,701 | — | — | — | — | — | — | — | — |
| market | <$250 • ODD | 8 | 21 | — | — | — | — | — | — | — | — |
| market | $250–$999 • ODD | 40 | 395 | — | — | — | — | — | — | — | — |
| market | $1k–$5k • ODD | 107 | 2,903 | — | 100.0% | 1.3 bps | — | — | 8th | — | 100.0% |
| market | $1k–$5k • ROUND | 20 | 3,077 | — | — | — | — | — | — | — | — |
| market | $5k–$10k • ODD | 72 | 2,821 | — | — | — | — | — | — | — | — |
| market | $5k–$10k • ROUND | 30 | 6,546 | — | — | — | — | — | — | — | — |
| market | $10k–$20k • ODD | 27 | 1,395 | — | — | — | — | — | — | — | — |
| market | $10k–$20k • ROUND | 65 | 17,022 | — | — | — | — | — | — | — | — |
| market | $20k–$50k • ODD | 7 | 357 | — | — | — | — | — | — | — | — |
| market | $20k–$50k • ROUND | 98 | 37,029 | — | — | — | — | — | — | — | — |
| market | $50k–$200k • ROUND | 25 | 20,302 | — | — | — | — | — | — | — | — |
| market | ≥$200k • ROUND | 4 | 10,029 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • FRACT | 620 | 187 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • FRACT | 44 | 34 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 1 | 14 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 1 | 13 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ROUND | 1 | 103 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $5k–$10k • ODD | 2 | 87 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ODD | 3 | 157 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ROUND | 3 | 571 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ODD | 1 | 30 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ROUND | 2 | 1,237 | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| JANM202608.zip | 202608 | detailed | stored | 2026-09-30T21:27:23.981321093+00:00 | File Link ↗ |
| JANM202608.csv | 202608 | summary | stored | 2026-09-30T21:27:23.981322386+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
43
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 JANNEY MONTGOMERY SCOTT LLC? See which competing venues beat it on your symbol mix → Enter your Firm CRD