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Rule 605 Market Center Scorecard
LPL ENTERPRISE, LLC
Status: ACTIVE
Generated: Thu, 15 Oct 2026 21:42:02 GMT
Quarter:2026Q3
Covered Orders18,451Across all reported tiers
Covered Shares2,623,578In Q3 2026
Active Tiers62Order 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 Lot | 1,571 | 4,422 | — | 98.6% | 2.5 bps | — | — | 6th | — | 99.9% |
| Market | <$250 • Round Lot | 4 | 900 | — | — | — | — | — | — | — | — |
| Market | $250–$999 • Odd Lot | 2,817 | 26,733 | — | 98.6% | 2.7 bps | — | — | 13th | — | 100.0% |
| Market | $250–$999 • Round Lot | 30 | 6,701 | — | — | — | — | — | — | — | — |
| Market | $1k–$5k • Odd Lot | 4,130 | 134,322 | — | 98.7% | 2.5 bps | — | — | 17th | — | 100.0% |
| Market | $1k–$5k • Round Lot | 512 | 94,575 | — | 98.7% | 5.5 bps | — | — | 34th | — | 99.5% |
| Market | $5k–$10k • Odd Lot | 908 | 45,835 | — | 97.6% | 2.3 bps | — | — | 17th | — | 100.0% |
| Market | $5k–$10k • Round Lot | 951 | 228,064 | — | 98.8% | 4.3 bps | — | — | 45th | — | 99.5% |
| Market | $10k–$20k • Odd Lot | 274 | 15,205 | — | 98.0% | 1.8 bps | — | — | 9th | — | 100.0% |
| Market | $10k–$20k • Round Lot | 1,075 | 358,691 | — | 98.8% | 3.6 bps | — | — | 48th | — | 99.7% |
| Market | $20k–$50k • Odd Lot | 27 | 1,671 | — | — | — | — | — | — | — | — |
| Market | $20k–$50k • Round Lot | 1,060 | 640,803 | — | 97.1% | 2.7 bps | — | — | 44th | — | 100.0% |
| Market | $50k–$200k • Round Lot | 406 | 505,944 | — | 94.6% | 2.1 bps | — | — | 56th | — | 99.8% |
| Market | ≥$200k • Round Lot | 36 | 152,464 | — | — | — | — | — | — | — | — |
| Marketable Limit | $250–$999 • Odd Lot | 2 | 14 | — | — | — | — | — | — | — | — |
| Marketable Limit | $1k–$5k • Odd Lot | 7 | 119 | — | — | — | — | — | — | — | — |
| Marketable Limit | $1k–$5k • Round Lot | 1 | 590 | — | — | — | — | — | — | — | — |
| Marketable Limit | $5k–$10k • Odd Lot | 1 | 29 | — | — | — | — | — | — | — | — |
| Marketable Limit | $5k–$10k • Round Lot | 2 | 630 | — | — | — | — | — | — | — | — |
| Marketable Limit | $10k–$20k • Round Lot | 3 | 640 | — | — | — | — | — | — | — | — |
| Marketable Limit | $20k–$50k • Odd Lot | 1 | 37 | — | — | — | — | — | — | — | — |
| Marketable Limit | $20k–$50k • Round Lot | 5 | 3,323 | — | — | — | — | — | — | — | — |
| Marketable Limit | $50k–$200k • Round Lot | 1 | 3,800 | — | — | — | — | — | — | — | — |
| Marketable Limit | ≥$200k • Round Lot | 1 | 11,000 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | <$250 • Odd Lot | 3 | 20 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $250–$999 • Odd Lot | 19 | 127 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $1k–$5k • Odd Lot | 32 | 801 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $1k–$5k • Round Lot | 9 | 1,787 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $5k–$10k • Odd Lot | 16 | 766 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $5k–$10k • Round Lot | 10 | 3,476 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $10k–$20k • Odd Lot | 3 | 106 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $10k–$20k • Round Lot | 15 | 5,439 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $20k–$50k • Round Lot | 14 | 10,278 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $50k–$200k • Round Lot | 7 | 17,278 | — | — | — | — | — | — | — | — |
| Market | <$250 • Odd Lot | 175 | 464 | — | 99.8% | 2.0 bps | — | — | 23rd | — | 100.0% |
| Market | $250–$999 • Odd Lot | 681 | 3,235 | — | 99.8% | 2.0 bps | — | — | 21st | — | 100.0% |
| Market | $1k–$5k • Odd Lot | 1,526 | 22,370 | — | 98.1% | 2.1 bps | — | — | 25th | — | 100.0% |
| Market | $1k–$5k • Round Lot | 31 | 4,053 | — | — | — | — | — | — | — | — |
| Market | $5k–$10k • Odd Lot | 557 | 15,980 | — | 97.9% | 2.1 bps | — | — | 23rd | — | 100.0% |
| Market | $5k–$10k • Round Lot | 66 | 9,091 | — | — | — | — | — | — | — | — |
| Market | $10k–$20k • Odd Lot | 335 | 14,238 | — | 96.6% | 2.2 bps | — | — | 25th | — | 100.0% |
| Market | $10k–$20k • Round Lot | 211 | 28,576 | — | 97.7% | 1.9 bps | — | — | 29th | — | 100.0% |
| Market | $20k–$50k • Odd Lot | 66 | 2,914 | — | — | — | — | — | — | — | — |
| Market | $20k–$50k • Round Lot | 390 | 64,533 | — | 98.1% | 1.7 bps | — | — | 27th | — | 100.0% |
| Market | $50k–$200k • Round Lot | 279 | 115,228 | — | 97.9% | 2.0 bps | — | — | 37th | — | 100.0% |
| Market | ≥$200k • Round Lot | 31 | 61,838 | — | — | — | — | — | — | — | — |
| Marketable Limit | $1k–$5k • Odd Lot | 5 | 25 | — | — | — | — | — | — | — | — |
| Marketable Limit | $10k–$20k • Odd Lot | 1 | 45 | — | — | — | — | — | — | — | — |
| Marketable Limit | $10k–$20k • Round Lot | 1 | 150 | — | — | — | — | — | — | — | — |
| Marketable Limit | $20k–$50k • Round Lot | 1 | 50 | — | — | — | — | — | — | — | — |
| Marketable Limit | $50k–$200k • Round Lot | 1 | 100 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | <$250 • Odd Lot | 11 | 65 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $250–$999 • Odd Lot | 16 | 128 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $1k–$5k • Odd Lot | 74 | 669 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $1k–$5k • Round Lot | 2 | 200 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $5k–$10k • Odd Lot | 15 | 254 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $5k–$10k • Round Lot | 1 | 100 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $10k–$20k • Odd Lot | 9 | 320 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $10k–$20k • Round Lot | 2 | 450 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $20k–$50k • Odd Lot | 2 | 120 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $20k–$50k • Round Lot | 4 | 475 | — | — | — | — | — | — | — | — |
| Non-Marketable Limit | $50k–$200k • Round Lot | 5 | 1,317 | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| sec-605-oes-2026-q3-datareport-lple.txt | 202608 | detailed | stored | 2026-10-15T20:09:58.302664870+00:00 | File Link ↗ |
| sec-605-oes-2026-q3-datareport-lple.csv | — | summary | challenge | 2026-10-15T18:07:20.992487669+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
44
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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