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Rule 605 Market Center Scorecard
VIRTU AMERICAS LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:31:34 GMT
Quarter:2026Q3
Covered Orders1,886,790,769Across all reported tiers
Covered Shares1,068,234,194,571In Q3 2026
Active Tiers56Order 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| marketable_limit | <$250 • ODD | 6,054,924 | 74,006,397 | 2.4% | 11.6% | 1.4 bps | -10.4 bps | 99% | 22nd | $0.0220 | 100.0% |
| marketable_limit | <$250 • ROUND | 1,133,311 | 268,589,021 | 2.4% | 24.0% | 1.5 bps | -31.9 bps | 99% | 19th | $0.0077 | 100.0% |
| marketable_limit | $250–$999 • ODD | 6,502,646 | 199,909,001 | 1.8% | 10.3% | 1.0 bps | -5.1 bps | 96% | 24th | $0.0307 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 2,673,956 | 919,720,910 | 1.7% | 7.2% | 0.6 bps | -21.5 bps | 99% | 19th | $0.0136 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 7,244,573 | 359,104,477 | 1.6% | 13.8% | 0.6 bps | -2.7 bps | 97% | 22nd | $0.0462 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 12,584,425 | 4,468,482,426 | 1.2% | 7.5% | 0.4 bps | -5.9 bps | 99% | 19th | $0.0174 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 1,419,407 | 86,692,444 | 1.9% | 21.4% | 0.5 bps | -3.4 bps | 94% | 28th | $0.0864 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 7,372,107 | 3,543,177,843 | 0.8% | 8.6% | 0.5 bps | -3.2 bps | 96% | 24th | $0.0228 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 488,107 | 30,203,862 | 2.5% | 29.2% | 0.6 bps | -2.0 bps | 93% | 30th | $0.1419 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 6,674,732 | 4,747,452,505 | 0.6% | 10.4% | 0.5 bps | -3.0 bps | 95% | 31st | $0.0311 | 100.0% |
| marketable_limit | $20k–$50k • ODD | 41,624 | 3,173,005 | 2.7% | 23.3% | 0.5 bps | -0.2 bps | 90% | 22nd | $0.2855 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 5,869,505 | 7,095,387,085 | 0.4% | 10.2% | 0.4 bps | -2.1 bps | 94% | 35th | $0.0377 | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 2,803,820 | 11,223,306,838 | 0.2% | 8.6% | 0.3 bps | -1.7 bps | 90% | 43rd | $0.0377 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 1,457,138 | 79,622,769,840 | 0.0% | 8.9% | 0.2 bps | -1.2 bps | 83% | 73rd | $0.0299 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 111,097,525 | 1,207,440,871 | 0.2% | 99.4% | 14.9 bps | 54.9 bps | 100% | 28th | $0.0039 | 100.0% |
| nonmarketable_limit | <$250 • ROUND | 10,660,179 | 1,923,369,193 | 0.9% | 99.9% | 33.8 bps | 108.7 bps | 100% | 13th | $0.0009 | 100.0% |
| nonmarketable_limit | $250–$999 • ODD | 101,422,235 | 2,155,780,496 | 0.3% | 98.3% | 9.0 bps | 41.7 bps | 100% | 18th | $0.0099 | 100.0% |
| nonmarketable_limit | $250–$999 • ROUND | 40,492,182 | 7,529,155,332 | 0.3% | 99.5% | 20.0 bps | 83.5 bps | 100% | 17th | $0.0017 | 100.0% |
| nonmarketable_limit | $1k–$5k • ODD | 118,536,141 | 4,270,985,062 | 0.2% | 98.0% | 6.4 bps | 36.3 bps | 100% | 14th | $0.0280 | 100.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 238,288,877 | 48,849,358,678 | 0.1% | 98.5% | 8.6 bps | 59.9 bps | 100% | 13th | $0.0054 | 100.0% |
| nonmarketable_limit | $5k–$10k • ODD | 23,961,535 | 1,343,867,381 | 0.2% | 98.9% | 5.6 bps | 37.4 bps | 100% | 24th | $0.0653 | 100.0% |
| nonmarketable_limit | $5k–$10k • ROUND | 191,323,895 | 54,761,436,616 | 0.1% | 98.2% | 6.3 bps | 55.5 bps | 99% | 9th | $0.0100 | 100.0% |
| nonmarketable_limit | $10k–$20k • ODD | 11,958,817 | 767,204,849 | 0.2% | 99.5% | 6.1 bps | 34.3 bps | 100% | 28th | $0.1144 | 100.0% |
| nonmarketable_limit | $10k–$20k • ROUND | 204,886,169 | 87,606,448,602 | 0.1% | 98.5% | 5.5 bps | 48.7 bps | 99% | 12th | $0.0159 | 100.0% |
| nonmarketable_limit | $20k–$50k • ODD | 1,629,173 | 120,312,689 | 0.2% | 99.8% | 6.7 bps | 20.8 bps | 100% | 14th | $0.2209 | 100.0% |
| nonmarketable_limit | $20k–$50k • ROUND | 194,653,013 | 142,019,613,759 | 0.0% | 98.5% | 5.8 bps | 43.4 bps | 99% | 20th | $0.0183 | 100.0% |
| nonmarketable_limit | $50k–$200k • ROUND | 108,233,132 | 175,834,362,069 | 0.0% | 98.3% | 5.2 bps | 34.8 bps | 98% | 20th | $0.0130 | 100.0% |
| nonmarketable_limit | ≥$200k • ROUND | 10,296,766 | 314,486,146,180 | 0.0% | 99.3% | 4.9 bps | 32.5 bps | 95% | 30th | $0.0046 | 100.0% |
| marketable_limit | <$250 • ODD | 556,986 | 1,319,537 | 3.2% | 18.4% | 0.6 bps | -1.2 bps | 100% | 33rd | $0.0356 | 100.0% |
| marketable_limit | $250–$999 • ODD | 1,474,247 | 14,268,985 | 2.4% | 18.5% | 0.6 bps | -1.7 bps | 100% | 32nd | $0.0469 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 1,670 | 168,516 | 3.9% | 5.0% | 0.3 bps | -1.6 bps | 100% | 46th | $0.0100 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 3,152,690 | 103,014,837 | 2.0% | 16.5% | 0.4 bps | -2.5 bps | 100% | 24th | $0.0437 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 1,060,703 | 99,983,963 | 3.9% | 6.9% | 0.1 bps | -2.7 bps | 100% | 26th | $0.0118 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 1,426,300 | 66,147,913 | 2.6% | 20.8% | 0.3 bps | -2.7 bps | 100% | 23rd | $0.0637 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 1,482,202 | 222,226,290 | 2.9% | 9.6% | 0.2 bps | -2.3 bps | 100% | 27th | $0.0180 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 838,030 | 43,333,529 | 3.0% | 28.9% | 0.3 bps | -2.3 bps | 100% | 27th | $0.1025 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 2,931,770 | 441,656,284 | 2.1% | 16.0% | 0.3 bps | -2.3 bps | 100% | 27th | $0.0468 | 100.0% |
| marketable_limit | $20k–$50k • ODD | 256,630 | 12,697,696 | 2.9% | 37.2% | 0.4 bps | -0.6 bps | 99% | 32nd | $0.2285 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 3,399,306 | 769,223,396 | 1.5% | 21.7% | 0.3 bps | -2.3 bps | 100% | 28th | $0.0651 | 100.0% |
| marketable_limit | $50k–$200k • ODD | 6,407 | 231,266 | 1.5% | 67.3% | 0.3 bps | 1.3 bps | 87% | 23rd | $0.8829 | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 1,913,619 | 831,783,612 | 1.0% | 25.3% | 0.3 bps | -1.3 bps | 100% | 30th | $0.0937 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 214,754 | 834,225,982 | 0.4% | 19.3% | 0.1 bps | -1.3 bps | 88% | 56th | $0.0974 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 7,113,765 | 12,634,979 | 0.8% | 99.5% | 4.8 bps | 22.9 bps | 100% | 56th | $0.0024 | 100.0% |
| nonmarketable_limit | $250–$999 • ODD | 16,865,191 | 107,010,624 | 0.6% | 98.7% | 4.0 bps | 22.6 bps | 100% | 51st | $0.0074 | 100.0% |
| nonmarketable_limit | $250–$999 • ROUND | 13,080 | 1,312,162 | 1.3% | 99.4% | 5.6 bps | 51.4 bps | 100% | 0th | $0.0003 | 100.0% |
| nonmarketable_limit | $1k–$5k • ODD | 50,053,927 | 1,095,977,469 | 0.3% | 98.7% | 3.4 bps | 23.3 bps | 100% | 19th | $0.0115 | 100.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 11,476,052 | 1,178,280,197 | 0.4% | 98.6% | 2.3 bps | 18.3 bps | 100% | 14th | $0.0011 | 100.0% |
| nonmarketable_limit | $5k–$10k • ODD | 18,470,547 | 765,538,131 | 0.4% | 99.5% | 3.0 bps | 25.4 bps | 100% | 18th | $0.0286 | 100.0% |
| nonmarketable_limit | $5k–$10k • ROUND | 30,610,649 | 3,890,153,296 | 0.2% | 98.3% | 2.3 bps | 24.6 bps | 100% | 22nd | $0.0040 | 100.0% |
| nonmarketable_limit | $10k–$20k • ODD | 11,252,395 | 571,943,108 | 0.4% | 99.8% | 3.2 bps | 23.4 bps | 100% | 30th | $0.0568 | 100.0% |
| nonmarketable_limit | $10k–$20k • ROUND | 65,030,965 | 9,563,963,222 | 0.2% | 99.1% | 2.6 bps | 32.6 bps | 100% | 16th | $0.0250 | 100.0% |
| nonmarketable_limit | $20k–$50k • ODD | 3,754,124 | 184,531,066 | 0.4% | 99.8% | 3.4 bps | 12.4 bps | 100% | 35th | $0.1200 | 100.0% |
| nonmarketable_limit | $20k–$50k • ROUND | 115,183,233 | 26,912,241,129 | 0.1% | 99.1% | 2.8 bps | 39.6 bps | 100% | 25th | $0.0247 | 100.0% |
| nonmarketable_limit | $50k–$200k • ODD | 64,586 | 2,282,467 | 0.6% | 100.0% | 3.5 bps | 4.0 bps | 100% | 25th | $0.4408 | 100.0% |
| nonmarketable_limit | $50k–$200k • ROUND | 105,299,263 | 50,362,771,483 | 0.0% | 99.3% | 3.0 bps | 27.4 bps | 100% | 45th | $0.0206 | 100.0% |
| nonmarketable_limit | ≥$200k • ROUND | 3,127,764 | 14,627,816,001 | 0.0% | 96.8% | 1.1 bps | 13.1 bps | 100% | 9th | $0.0197 | 100.0% |
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 Name | Month | Kind | Status | Fetched At | Source URL |
|---|---|---|---|---|---|
| TVIRTU202607.zip | 202607 | detailed | stored | 2026-10-01T02:17:42.914+00:00 | File Link ↗ |
| ITGP202608.zip | 202608 | detailed | stored | 2026-09-30T21:30:44.375224867+00:00 | File Link ↗ |
| NITQ202608.zip | 202608 | detailed | stored | 2026-09-30T21:30:44.375229265+00:00 | File Link ↗ |
| VIRT202608.zip | 202608 | detailed | stored | 2026-09-30T21:30:44.375221691+00:00 | File Link ↗ |
| NITE202608.zip | 202608 | detailed | stored | 2026-09-30T21:30:44.375211080+00:00 | File Link ↗ |
| KCGM202608.zip | 202608 | detailed | stored | 2026-09-30T21:30:44.375226851+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
0
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.
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