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: JPMX • Quarter: 2026Q3 • Methodology: exq-2
MPID Firm: J.P. Morgan Securities LLC(JPMX)
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:32:21 GMT
Quarter:2026Q3
Covered Orders1,024,864,846Across all reported tiers
Covered Shares346,886,999,112In Q3 2026
Active Tiers81Order 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 • ODD1,20610,7180.7%100.0%10.6 bps—0%78th$0.0000100.0%
market<$250 • ROUND3400————————
market$250–$999 • ODD4228,4171.9%100.0%7.8 bps—0%84th$0.0000100.0%
market$250–$999 • ROUND164,678————————
market$1k–$5k • ODD1254,4308.7%100.0%3.3 bps—0%30th$-0.0004100.0%
market$1k–$5k • ROUND11171,4951.3%22.2%-18.4 bps—0%1st$0.0700100.0%
market$5k–$10k • ODD402,107————————
market$5k–$10k • ROUND123150,4971.0%20.9%1.1 bps—0%5th$0.0614100.0%
market$10k–$20k • ODD181,252————————
market$10k–$20k • ROUND199233,9021.2%9.5%0.3 bps—0%3rd$0.0152100.0%
market$20k–$50k • ODD2186————————
market$20k–$50k • ROUND319655,4200.6%26.1%1.8 bps—0%35th$0.1166100.0%
market$50k–$200k • ROUND92268,232————————
market≥$200k • ROUND67447,237————————
marketable_limit<$250 • ODD7,300,85664,043,7760.8%42.4%2.8 bps-2.4 bps98%43rd$0.014699.8%
marketable_limit<$250 • ROUND1,635,937264,288,8590.8%81.0%22.9 bps-18.2 bps99%78th$0.002099.9%
marketable_limit$250–$999 • ODD4,658,21196,392,1561.4%36.5%2.0 bps-2.1 bps96%41st$0.0264100.0%
marketable_limit$250–$999 • ROUND7,066,7251,393,968,6840.5%56.3%6.9 bps-6.8 bps99%53rd$0.006799.9%
marketable_limit$1k–$5k • ODD3,482,200149,888,3431.5%44.3%2.1 bps-1.5 bps97%49th$0.0481100.0%
marketable_limit$1k–$5k • ROUND26,413,8875,906,870,0870.6%41.4%1.6 bps-2.5 bps99%42nd$0.014799.8%
marketable_limit$5k–$10k • ODD658,21539,818,0501.8%54.3%2.0 bps-2.3 bps95%58th$0.0879100.0%
marketable_limit$5k–$10k • ROUND11,977,9734,161,785,1770.5%38.9%1.0 bps-1.6 bps96%37th$0.025599.8%
marketable_limit$10k–$20k • ODD188,61411,647,1652.3%61.0%3.1 bps-1.4 bps91%68th$0.1736100.0%
marketable_limit$10k–$20k • ROUND6,920,9904,448,248,1780.5%38.0%0.9 bps-1.8 bps94%45th$0.036499.7%
marketable_limit$20k–$50k • ODD21,3731,571,5931.9%63.4%4.0 bps0.1 bps79%85th$0.4423100.0%
marketable_limit$20k–$50k • ROUND4,075,3166,306,866,3220.4%35.3%0.9 bps-2.3 bps94%51st$0.043499.6%
marketable_limit$50k–$200k • ROUND2,516,60511,240,592,3260.2%35.8%0.6 bps-2.4 bps94%54th$0.047398.9%
marketable_limit≥$200k • ROUND1,068,31631,180,109,7760.0%32.8%0.5 bps-2.5 bps79%88th$0.044397.3%
nonmarketable_limit<$250 • ODD11,062,619195,887,3910.2%100.0%14.3 bps69.8 bps99%25th$0.011198.9%
nonmarketable_limit<$250 • ROUND10,246,6041,657,525,4460.1%100.0%63.0 bps150.6 bps100%57th$0.001675.6%
nonmarketable_limit$250–$999 • ODD8,082,709200,730,6470.5%100.0%12.3 bps54.9 bps98%40th$0.017998.7%
nonmarketable_limit$250–$999 • ROUND14,824,3432,577,498,0900.1%100.0%37.4 bps149.4 bps99%33rd$0.008187.9%
nonmarketable_limit$1k–$5k • ODD9,271,986373,229,7960.6%100.0%10.9 bps49.6 bps99%45th$0.025094.4%
nonmarketable_limit$1k–$5k • ROUND118,224,26421,528,122,3660.1%100.0%11.0 bps83.6 bps100%23rd$0.014891.7%
nonmarketable_limit$5k–$10k • ODD2,928,151155,015,6540.6%100.0%10.4 bps49.2 bps99%64th$0.046091.4%
nonmarketable_limit$5k–$10k • ROUND115,059,65124,988,865,3480.1%100.0%7.9 bps73.5 bps99%20th$0.023293.2%
nonmarketable_limit$10k–$20k • ODD1,959,946113,420,9860.4%100.0%12.7 bps45.1 bps100%66th$0.062490.6%
nonmarketable_limit$10k–$20k • ROUND129,115,46634,994,605,2800.1%100.0%7.5 bps67.6 bps99%27th$0.035793.4%
nonmarketable_limit$20k–$50k • ODD481,96933,940,6420.2%100.0%16.2 bps37.3 bps100%67th$0.090095.9%
nonmarketable_limit$20k–$50k • ROUND138,549,50050,573,009,3120.1%100.0%7.7 bps63.3 bps99%31st$0.059893.8%
nonmarketable_limit$50k–$200k • ROUND74,997,35552,598,427,6190.0%100.0%8.0 bps55.6 bps97%48th$0.106094.1%
nonmarketable_limit≥$200k • ROUND4,906,31622,410,767,0500.0%100.0%7.3 bps55.2 bps75%66th$0.140464.8%
market<$250 • ODD35270810.7%100.0%2.4 bps—0%41st$0.0000100.0%
market$250–$999 • ODD4732,35514.6%100.0%2.0 bps—0%26th$0.0000100.0%
market$1k–$5k • ODD4938,78144.5%100.0%2.5 bps—0%49th$-0.0000100.0%
market$1k–$5k • ROUND4220————————
market$5k–$10k • ODD1365,21133.9%100.0%2.9 bps—0%63rd$-0.0005100.0%
market$10k–$20k • ODD552,260————————
market$10k–$20k • ROUND616,469————————
market$20k–$50k • ODD5266————————
market$20k–$50k • ROUND16821,6112.0%86.2%1.1 bps—0%15th$0.0210100.0%
market$50k–$200k • ROUND15972,0562.1%44.3%0.6 bps—0%5th$0.0217100.0%
market≥$200k • ROUND144285,1821.0%40.0%0.1 bps—0%20th$0.0968100.0%
marketable_limit<$250 • ODD558,1651,374,3061.5%44.0%0.7 bps-1.7 bps100%36th$0.0206100.0%
marketable_limit$250–$999 • ODD1,036,9077,432,9151.9%45.1%0.8 bps-1.9 bps100%40th$0.0313100.0%
marketable_limit$250–$999 • ROUND1,434144,45813.6%20.2%0.8 bps-1.7 bps100%63rd$0.0086100.0%
marketable_limit$1k–$5k • ODD1,279,58430,887,3902.3%52.9%1.0 bps-2.7 bps100%40th$0.0360100.0%
marketable_limit$1k–$5k • ROUND1,395,848150,541,7372.1%40.0%0.5 bps-2.1 bps100%45th$0.0095100.0%
marketable_limit$5k–$10k • ODD449,68318,897,3532.5%55.6%1.2 bps-2.7 bps100%45th$0.0631100.0%
marketable_limit$5k–$10k • ROUND2,767,265365,512,1102.1%31.3%0.3 bps-2.0 bps100%36th$0.0159100.0%
marketable_limit$10k–$20k • ODD231,65211,893,0902.8%62.7%1.6 bps-2.0 bps100%50th$0.1253100.0%
marketable_limit$10k–$20k • ROUND3,245,456507,194,4052.4%30.4%0.3 bps-2.4 bps100%29th$0.0466100.0%
marketable_limit$20k–$50k • ODD60,6853,355,1753.4%62.5%1.6 bps-0.4 bps97%48th$0.262399.9%
marketable_limit$20k–$50k • ROUND2,445,390629,208,8562.1%31.8%0.3 bps-2.2 bps100%30th$0.060499.9%
marketable_limit$50k–$200k • ODD43616,0867.5%70.9%1.9 bps1.3 bps83%57th$0.9782100.0%
marketable_limit$50k–$200k • ROUND1,360,388681,500,0572.4%32.2%0.4 bps-1.7 bps100%34th$0.081599.8%
marketable_limit≥$200k • ROUND194,456715,414,6140.8%46.7%0.5 bps-3.1 bps95%77th$0.160999.5%
nonmarketable_limit<$250 • ODD1,280,6842,673,5620.6%100.0%3.8 bps25.7 bps100%34th$0.008094.5%
nonmarketable_limit$250–$999 • ODD3,057,94822,239,8170.5%100.0%4.0 bps26.0 bps100%53rd$0.011295.7%
nonmarketable_limit$250–$999 • ROUND2,087208,7650.6%100.0%16.1 bps50.4 bps100%67th$-0.005091.7%
nonmarketable_limit$1k–$5k • ODD5,597,932122,334,4410.7%100.0%3.9 bps24.8 bps100%45th$0.011782.1%
nonmarketable_limit$1k–$5k • ROUND3,580,966357,083,2200.3%100.0%2.9 bps17.4 bps100%32nd$0.003992.0%
nonmarketable_limit$5k–$10k • ODD2,983,777104,082,6460.7%100.0%3.7 bps26.4 bps100%36th$0.017389.0%
nonmarketable_limit$5k–$10k • ROUND13,359,2671,569,069,5600.4%100.0%2.8 bps31.8 bps100%38th$0.007896.7%
nonmarketable_limit$10k–$20k • ODD1,712,62279,481,8310.8%100.0%4.4 bps24.5 bps100%62nd$0.023195.5%
nonmarketable_limit$10k–$20k • ROUND37,877,1115,616,826,8010.2%100.0%3.1 bps37.8 bps100%37th$0.022896.7%
nonmarketable_limit$20k–$50k • ODD517,95326,958,3540.6%100.0%5.0 bps14.7 bps100%73rd$0.051698.0%
nonmarketable_limit$20k–$50k • ROUND102,411,52319,728,017,4410.1%100.0%3.0 bps43.7 bps100%33rd$0.035596.8%
nonmarketable_limit$50k–$200k • ODD3,862120,5021.1%100.0%3.9 bps3.5 bps100%35th$0.4135100.0%
nonmarketable_limit$50k–$200k • ROUND114,402,85936,890,749,3160.1%100.0%3.3 bps30.7 bps100%55th$0.054098.5%
nonmarketable_limit≥$200k • ROUND5,348,0161,574,380,0950.1%100.0%3.5 bps28.1 bps94%62nd$0.145192.1%

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 NameMonthKindStatusFetched AtSource URL
TFEX202607.dat202607detailedstored2026-10-01T00:17:34.559+00:00 File Link ↗
TFEX202607.zip202607detailedvariant File Link ↗
TJPMX202607.dat202607detailedstored2026-10-01T07:23:55.093+00:00 File Link ↗
TJPMX202607.zip202607detailedvariant File Link ↗
TFEX202608.zip202608detailedstored2026-09-30T21:27:25.064145121+00:00 File Link ↗
JPMX202608.zip202608detailedstored2026-09-30T21:27:25.064170800+00:00 File Link ↗
JPMX202608.csv202608summarystored2026-09-30T21:27:25.064167573+00:00 File Link ↗
TFEX202608.csv202608summarystored2026-09-30T21:27:27.105985198+00:00 File Link ↗
XCHI202608.csv202608summarystored2026-10-01T07:23:57.344+00:00 File Link ↗
XCHI202608.zip202608detailedstored2026-10-01T07:23:58.579+00:00 File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
11
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