EXECUTIONREPORTS.COM AMENDED SEC RULE 605 / FINRA 5310.09 ENGINE
← Back to Market Centers
Print to PDF: browser Print (Ctrl+P / Cmd+P)
Rule 605 Market Center Scorecard

J.P. MORGAN SECURITIES LLC

Reporter ID: JPMS • Quarter: 2026Q3 • Methodology: exq-2
MPID Firm: J.P. Morgan Securities LLC(JPMS)
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:28:39 GMT
Quarter:2026Q3
Covered Orders481,655Across all reported tiers
Covered Shares41,168,914In Q3 2026
Active Tiers80Order 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 • ODD91,191204,8058.9%91.6%3.0 bps1.9 bps50%14th$0.008942.5%
market<$250 • ROUND8517,712————————
market$250–$999 • ODD98,399474,5703.2%84.7%0.9 bps0.6 bps60%0th$0.014838.2%
market$250–$999 • ROUND588148,6900.1%84.1%11.8 bps—0%29th$0.000718.5%
market$1k–$5k • ODD50,4431,057,6861.4%87.4%1.5 bps1.0 bps56%8th$0.014529.7%
market$1k–$5k • ROUND4,8101,347,2290.2%86.8%4.0 bps1.3 bps2%21st$0.002916.7%
market$5k–$10k • ODD9,197376,6310.8%87.1%1.4 bps0.4 bps45%7th$0.010028.7%
market$5k–$10k • ROUND5,3131,821,8270.1%88.6%2.6 bps0.8 bps14%24th$0.003118.8%
market$10k–$20k • ODD2,953125,8950.9%81.8%1.3 bps0.3 bps43%5th$0.018830.8%
market$10k–$20k • ROUND6,8582,727,1750.1%86.9%2.2 bps0.7 bps22%32nd$0.005016.6%
market$20k–$50k • ODD52024,3350.7%80.2%0.6 bps0.2 bps54%0th$0.033424.9%
market$20k–$50k • ROUND8,1965,908,3180.1%84.5%1.8 bps0.5 bps27%32nd$0.011212.9%
market$50k–$200k • ROUND5,2468,602,3440.0%80.8%1.2 bps0.5 bps26%37th$0.014814.4%
market≥$200k • ROUND1,47510,546,7740.0%78.6%0.9 bps0.2 bps16%79th$0.013313.8%
marketable_limit<$250 • ODD11278614.2%97.3%4.2 bps—0%52nd$-0.002899.1%
marketable_limit<$250 • ROUND1145————————
marketable_limit$250–$999 • ODD1683,0345.5%97.0%3.6 bps—0%57th$-0.0010100.0%
marketable_limit$250–$999 • ROUND4687————————
marketable_limit$1k–$5k • ODD2046,2253.3%93.6%2.2 bps—0%51st$0.010498.5%
marketable_limit$1k–$5k • ROUND8630,928————————
marketable_limit$5k–$10k • ODD422,220————————
marketable_limit$5k–$10k • ROUND5320,656————————
marketable_limit$10k–$20k • ODD281,347————————
marketable_limit$10k–$20k • ROUND10360,6350.2%97.1%2.3 bps—0%61st$0.000898.1%
marketable_limit$20k–$50k • ODD3166————————
marketable_limit$20k–$50k • ROUND8779,582————————
marketable_limit$50k–$200k • ROUND95311,943————————
marketable_limit≥$200k • ROUND44415,578————————
nonmarketable_limit<$250 • ODD2251,21918.5%100.0%51.9 bps—0%91st$-0.030613.8%
nonmarketable_limit<$250 • ROUND1102————————
nonmarketable_limit$250–$999 • ODD3545,3336.4%100.0%27.5 bps—0%82nd$0.041026.5%
nonmarketable_limit$250–$999 • ROUND152,658————————
nonmarketable_limit$1k–$5k • ODD40612,4803.1%100.0%9.6 bps—0%36th$0.059026.0%
nonmarketable_limit$1k–$5k • ROUND11525,0720.5%100.0%6.0 bps—0%5th$0.002016.7%
nonmarketable_limit$5k–$10k • ODD1004,4302.2%100.0%8.5 bps—0%43rd$0.020930.2%
nonmarketable_limit$5k–$10k • ROUND11936,4980.3%100.0%8.9 bps—0%24th$-0.002714.3%
nonmarketable_limit$10k–$20k • ODD431,873————————
nonmarketable_limit$10k–$20k • ROUND15685,1700.2%100.0%5.8 bps—0%19th$0.019219.4%
nonmarketable_limit$20k–$50k • ODD8412————————
nonmarketable_limit$20k–$50k • ROUND160224,7190.1%100.0%5.3 bps—0%14th$0.033626.5%
nonmarketable_limit$50k–$200k • ROUND120264,8650.0%100.0%4.6 bps—0%15th$0.020227.1%
nonmarketable_limit≥$200k • ROUND37360,551————————
market<$250 • ODD39,07850,33722.5%90.7%2.3 bps1.9 bps76%39th$0.010253.8%
market$250–$999 • ODD86,592163,15313.4%87.6%1.8 bps1.8 bps84%22nd$0.036749.4%
market$250–$999 • ROUND1101————————
market$1k–$5k • ODD37,725386,7094.3%88.7%2.7 bps2.5 bps78%54th$0.045145.2%
market$1k–$5k • ROUND723103,2270.4%94.9%2.5 bps3.4 bps4%95th$0.000323.5%
market$5k–$10k • ODD9,353236,6482.0%87.3%2.9 bps1.1 bps60%70th$0.045843.8%
market$5k–$10k • ROUND908185,6070.3%92.6%1.6 bps1.3 bps9%51st$0.003825.6%
market$10k–$20k • ODD4,551169,7621.6%85.5%2.5 bps1.1 bps61%44th$0.031046.4%
market$10k–$20k • ROUND1,947360,0040.3%90.2%2.2 bps0.4 bps7%57th$0.004426.3%
market$20k–$50k • ODD1,06149,5131.1%85.0%2.4 bps1.5 bps50%25th$0.057033.7%
market$20k–$50k • ROUND4,430838,1620.3%85.1%1.8 bps1.4 bps53%38th$0.028526.5%
market$50k–$200k • ODD196————————
market$50k–$200k • ROUND2,9641,303,4340.1%84.3%1.9 bps0.9 bps50%42nd$0.043917.8%
market≥$200k • ROUND6941,479,6280.0%59.7%1.3 bps0.0 bps14%67th$0.060110.1%
marketable_limit<$250 • ODD58219————————
marketable_limit$250–$999 • ODD13871919.1%94.2%3.2 bps—0%90th$-0.031398.5%
marketable_limit$1k–$5k • ODD2714,3266.3%96.3%2.5 bps—0%81st$-0.027196.7%
marketable_limit$1k–$5k • ROUND151,694————————
marketable_limit$5k–$10k • ODD1062,9363.6%91.5%2.7 bps—0%86th$-0.045499.1%
marketable_limit$5k–$10k • ROUND244,697————————
marketable_limit$10k–$20k • ODD632,361————————
marketable_limit$10k–$20k • ROUND405,697————————
marketable_limit$20k–$50k • ODD6331————————
marketable_limit$20k–$50k • ROUND6415,116————————
marketable_limit$50k–$200k • ROUND5538,859————————
marketable_limit≥$200k • ROUND1879,622————————
nonmarketable_limit<$250 • ODD90283————————
nonmarketable_limit$250–$999 • ODD3821,97217.7%100.0%13.5 bps—0%94th$0.033443.4%
nonmarketable_limit$1k–$5k • ODD86212,1736.5%100.0%5.6 bps—0%73rd$0.164449.9%
nonmarketable_limit$1k–$5k • ROUND293,575————————
nonmarketable_limit$5k–$10k • ODD3529,6303.2%100.0%4.6 bps—0%60th$0.005757.9%
nonmarketable_limit$5k–$10k • ROUND439,409————————
nonmarketable_limit$10k–$20k • ODD2209,7592.0%100.0%2.7 bps—0%18th$0.102964.9%
nonmarketable_limit$10k–$20k • ROUND10617,7850.6%100.0%22.0 bps—0%95th$-0.268148.0%
nonmarketable_limit$20k–$50k • ODD381,852————————
nonmarketable_limit$20k–$50k • ROUND25457,2520.4%100.0%9.2 bps—0%91st$-0.035752.4%
nonmarketable_limit$50k–$200k • ROUND18789,7310.2%100.0%3.1 bps—0%47th$-0.057560.0%
nonmarketable_limit≥$200k • ROUND43129,230————————

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
WALLSTREETACCESS202607.dat202607detailedstored2026-09-28T18:18:20.006+00:00 File Link ↗
WALLSTREETACCESS202607.zip202607detailedvariant File Link ↗
TJPMS202607.dat202607detailedstored2026-10-01T06:18:07.547+00:00 File Link ↗
TJPMS202607.zip202607detailedvariant File Link ↗
JPMS202608.zip202608detailedstored2026-09-30T21:27:25.064154939+00:00 File Link ↗
JPMS202608.csv202608summarystored2026-09-30T21:27:23.981330701+00:00 File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
32
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 J.P. MORGAN SECURITIES LLC? See which competing venues beat it on your symbol mix → Enter your Firm CRD