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Rule 605 Market Center Scorecard

JANE STREET CAPITAL, LLC

Reporter ID: JSJX • Quarter: 2026Q3 • Methodology: exq-2
MPID Firm: JANE STREET CAPITAL LLC(JSJX)
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:30:58 GMT
Quarter:2026Q3
Covered Orders32,554,042Across all reported tiers
Covered Shares20,960,275,295In Q3 2026
Active Tiers83Order 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 • ODD18,082143,5358.9%61.3%10.6 bps3.3 bps5%77th$0.0129100.0%
market<$250 • ROUND13,5251,571,3390.9%8.9%2.1 bps0.1 bps45%4th$0.0287100.0%
market$250–$999 • ODD7,895193,79417.5%88.9%16.0 bps—0%96th$0.0048100.0%
market$250–$999 • ROUND3,0381,289,9543.7%53.1%11.0 bps10.3 bps1%25th$0.0063100.0%
market$1k–$5k • ODD6,055240,34518.1%91.1%17.1 bps1.7 bps1%96th$0.0044100.0%
market$1k–$5k • ROUND5,8517,283,7224.6%59.5%12.0 bps—0%94th$0.0042100.0%
market$5k–$10k • ODD98752,80422.2%86.8%15.8 bps—0%97th$0.0117100.0%
market$5k–$10k • ROUND2,7735,191,0025.5%78.6%12.0 bps—0%96th$0.0040100.0%
market$10k–$20k • ODD28217,41619.9%92.7%17.8 bps—0%100th$0.0445100.0%
market$10k–$20k • ROUND2,4376,871,8415.3%83.0%10.8 bps—0%92nd$0.0046100.0%
market$20k–$50k • ODD261,681————————
market$20k–$50k • ROUND1,7043,452,90812.0%89.1%10.1 bps—0%97th$0.0045100.0%
market$50k–$200k • ROUND7433,585,82611.3%86.8%8.8 bps—0%96th$0.0055100.0%
market≥$200k • ROUND2614,437,5084.8%26.1%0.5 bps—0%72nd$0.1101100.0%
marketable_limit<$250 • ODD1,698,53819,080,75212.9%11.5%0.5 bps-10.1 bps86%15th$0.0310100.0%
marketable_limit<$250 • ROUND899,620240,559,0218.3%8.7%2.7 bps-60.3 bps99%34th$0.0029100.0%
marketable_limit$250–$999 • ODD819,16917,400,16119.1%22.7%0.4 bps-5.3 bps66%15th$0.0440100.0%
marketable_limit$250–$999 • ROUND1,026,374677,086,4687.8%9.6%1.9 bps-33.6 bps96%33rd$0.0054100.0%
marketable_limit$1k–$5k • ODD800,17530,647,58926.7%23.5%0.3 bps-2.3 bps73%14th$0.0465100.0%
marketable_limit$1k–$5k • ROUND1,905,1441,819,651,3567.5%14.5%0.9 bps-8.3 bps92%32nd$0.0129100.0%
marketable_limit$5k–$10k • ODD141,0267,783,50029.3%26.8%0.3 bps-3.0 bps64%17th$0.0830100.0%
marketable_limit$5k–$10k • ROUND872,880993,444,0538.4%18.4%0.5 bps-4.7 bps71%28th$0.0226100.0%
marketable_limit$10k–$20k • ODD44,1542,591,62431.2%25.4%0.3 bps-2.2 bps60%17th$0.1672100.0%
marketable_limit$10k–$20k • ROUND736,4941,042,809,95610.1%20.8%0.4 bps-3.9 bps65%28th$0.0262100.0%
marketable_limit$20k–$50k • ODD5,932348,25928.4%24.3%0.2 bps-0.4 bps47%15th$0.3755100.0%
marketable_limit$20k–$50k • ROUND661,7861,460,900,97912.0%21.5%0.4 bps-3.6 bps65%31st$0.0275100.0%
marketable_limit$50k–$200k • ROUND447,8282,039,866,17015.0%21.9%0.3 bps-3.8 bps63%41st$0.0274100.0%
marketable_limit≥$200k • ROUND153,1442,393,213,87515.0%21.8%0.2 bps-2.9 bps51%74th$0.0331100.0%
nonmarketable_limit<$250 • ODD2,334,31020,511,79211.9%100.0%9.8 bps36.0 bps86%10th$0.0000100.0%
nonmarketable_limit<$250 • ROUND632,853157,834,1127.9%100.0%35.6 bps107.5 bps96%21st$0.0000100.0%
nonmarketable_limit$250–$999 • ODD1,199,46123,535,50617.6%99.9%7.8 bps26.7 bps71%13th$0.0000100.0%
nonmarketable_limit$250–$999 • ROUND1,043,498566,950,0454.9%100.0%17.8 bps75.7 bps93%11th$0.0000100.0%
nonmarketable_limit$1k–$5k • ODD1,385,58145,985,15615.1%99.9%6.9 bps27.9 bps81%18th$0.0001100.0%
nonmarketable_limit$1k–$5k • ROUND2,888,7971,556,213,2454.4%99.9%8.4 bps49.9 bps91%11th$0.0000100.0%
nonmarketable_limit$5k–$10k • ODD419,87520,890,30714.2%99.9%6.0 bps31.1 bps85%31st$0.0001100.0%
nonmarketable_limit$5k–$10k • ROUND1,629,287871,494,0165.5%99.9%6.7 bps40.9 bps69%12th$0.0001100.0%
nonmarketable_limit$10k–$20k • ODD213,59611,358,91513.0%99.9%5.6 bps25.1 bps90%21st$0.0002100.0%
nonmarketable_limit$10k–$20k • ROUND1,465,517935,085,2906.9%99.9%5.8 bps37.8 bps65%16th$0.0001100.0%
nonmarketable_limit$20k–$50k • ODD13,8671,000,5779.3%100.0%9.7 bps18.9 bps78%37th$0.0004100.0%
nonmarketable_limit$20k–$50k • ROUND1,193,1151,269,085,6107.8%99.9%5.8 bps35.8 bps60%19th$0.0001100.0%
nonmarketable_limit$50k–$200k • ROUND698,7811,757,768,8638.2%99.9%5.3 bps31.6 bps47%21st$0.0001100.0%
nonmarketable_limit≥$200k • ROUND154,7991,407,216,9377.9%100.0%4.3 bps20.9 bps30%24th$0.0002100.0%
market<$250 • ODD9241,39210.3%55.2%0.9 bps—0%5th$0.0457100.0%
market$250–$999 • ODD1,4039,72415.3%61.7%2.7 bps0.4 bps7%51st$0.0225100.0%
market$1k–$5k • ODD2,14445,15019.8%78.0%5.3 bps—0%97th$0.0149100.0%
market$1k–$5k • ROUND17023,16518.5%91.5%2.2 bps—0%83rd$0.0010100.0%
market$5k–$10k • ODD97638,10922.5%71.5%4.9 bps—0%97th$0.0262100.0%
market$5k–$10k • ROUND33169,50617.6%96.7%3.0 bps—0%97th$0.0007100.0%
market$10k–$20k • ODD78537,24621.5%74.6%6.1 bps0.1 bps5%97th$0.0266100.0%
market$10k–$20k • ROUND921204,10023.7%92.1%3.8 bps—0%93rd$0.0032100.0%
market$20k–$50k • ODD20910,69019.1%49.5%6.1 bps—0%100th$0.3010100.0%
market$20k–$50k • ROUND1,861608,81122.9%92.2%4.7 bps—0%94th$0.0085100.0%
market$50k–$200k • ODD2129————————
market$50k–$200k • ROUND1,9791,746,79124.5%92.4%3.9 bps—0%95th$0.0080100.0%
market≥$200k • ROUND1,53013,434,6214.5%56.3%1.3 bps—0%69th$0.0650100.0%
marketable_limit<$250 • ODD52,59986,17042.4%21.7%0.2 bps-1.8 bps73%16th$0.0664100.0%
marketable_limit$250–$999 • ODD130,288517,56540.5%23.9%0.2 bps-2.0 bps76%16th$0.0909100.0%
marketable_limit$250–$999 • ROUND15815,82712.0%0.0%0.0 bps-1.6 bps100%17th$0.0105100.0%
marketable_limit$1k–$5k • ODD164,5452,603,04340.3%30.6%0.2 bps-3.3 bps83%18th$0.0937100.0%
marketable_limit$1k–$5k • ROUND44,6784,667,15521.7%16.5%0.2 bps-3.4 bps98%29th$0.0168100.0%
marketable_limit$5k–$10k • ODD74,5022,335,29245.1%27.2%0.2 bps-4.0 bps71%18th$0.1024100.0%
marketable_limit$5k–$10k • ROUND72,83910,198,79229.9%19.8%0.2 bps-3.0 bps94%31st$0.0255100.0%
marketable_limit$10k–$20k • ODD58,0062,438,79144.3%27.2%0.1 bps-3.2 bps75%17th$0.1384100.0%
marketable_limit$10k–$20k • ROUND161,83222,070,77833.9%20.9%0.2 bps-2.5 bps91%24th$0.0584100.0%
marketable_limit$20k–$50k • ODD17,929819,70837.1%24.5%0.2 bps-0.9 bps75%18th$0.3024100.0%
marketable_limit$20k–$50k • ROUND259,11052,508,22332.1%23.8%0.2 bps-3.0 bps90%22nd$0.0702100.0%
marketable_limit$50k–$200k • ODD42815,89025.1%30.4%0.2 bps1.3 bps85%20th$1.1037100.0%
marketable_limit$50k–$200k • ROUND212,138134,847,75129.5%25.3%0.2 bps-2.5 bps87%25th$0.0679100.0%
marketable_limit≥$200k • ROUND105,117484,432,87213.6%17.8%0.1 bps-3.2 bps68%48th$0.0928100.0%
nonmarketable_limit<$250 • ODD279,089444,44234.6%100.0%3.2 bps20.6 bps99%17th$0.0000100.0%
nonmarketable_limit$250–$999 • ODD585,8322,668,21532.5%99.9%3.3 bps20.6 bps99%24th$0.0001100.0%
nonmarketable_limit$250–$999 • ROUND626,214————————
nonmarketable_limit$1k–$5k • ODD998,75818,331,06823.0%99.9%3.5 bps23.3 bps99%24th$0.0001100.0%
nonmarketable_limit$1k–$5k • ROUND123,7099,546,34430.9%99.9%2.2 bps16.1 bps99%10th$0.0000100.0%
nonmarketable_limit$5k–$10k • ODD718,18526,037,39418.9%99.9%3.2 bps24.8 bps96%26th$0.0001100.0%
nonmarketable_limit$5k–$10k • ROUND230,37829,059,86419.6%99.9%2.2 bps22.6 bps99%16th$0.0000100.0%
nonmarketable_limit$10k–$20k • ODD560,95125,083,59718.8%100.0%2.9 bps20.3 bps97%26th$0.0001100.0%
nonmarketable_limit$10k–$20k • ROUND678,05784,016,40216.4%99.9%2.6 bps28.6 bps98%20th$0.0001100.0%
nonmarketable_limit$20k–$50k • ODD103,6975,403,17220.3%100.0%3.2 bps12.3 bps96%29th$0.0004100.0%
nonmarketable_limit$20k–$50k • ROUND799,998132,650,88115.5%99.9%2.5 bps31.2 bps95%16th$0.0002100.0%
nonmarketable_limit$50k–$200k • ODD1,02439,16627.0%100.0%4.5 bps2.8 bps95%48th$0.0000100.0%
nonmarketable_limit$50k–$200k • ROUND446,840181,298,67216.9%99.9%2.7 bps24.0 bps89%26th$0.0003100.0%
nonmarketable_limit≥$200k • ROUND110,798287,254,76410.6%99.9%3.4 bps22.8 bps52%60th$0.0012100.0%

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
202607_JNST.txt202607detailedstored2026-10-01T06:18:04.307+00:00 File Link ↗
202607_JSJX.txt202607detailedvariant File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
3
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.
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