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Rule 605 Market Center Scorecard
BofA Securities, Inc.
MPID Firm: Bofa Securities, Inc.(MLCO) • Location: NASDAQ TRADING
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:30:27 GMT
Quarter:2026Q3
Covered Orders3,215,687Across all reported tiers
Covered Shares1,022,153,186In Q3 2026
Active Tiers84Order 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 | 258,838 | 1,463,046 | 8.4% | 93.2% | 6.1 bps | 4.2 bps | 60% | 44th | $0.0051 | 100.0% |
| market | <$250 • ROUND | 4,019 | 905,102 | 11.4% | 73.5% | 29.1 bps | 12.2 bps | 14% | 59th | $0.0013 | 92.7% |
| market | $250–$999 • ODD | 243,372 | 3,357,242 | 8.2% | 93.3% | 5.0 bps | 3.6 bps | 59% | 42nd | $0.0088 | 100.0% |
| market | $250–$999 • ROUND | 24,955 | 6,263,861 | 11.1% | 83.7% | 14.1 bps | 8.9 bps | 36% | 42nd | $0.0019 | 99.6% |
| market | $1k–$5k • ODD | 246,226 | 6,513,368 | 9.0% | 92.0% | 4.7 bps | 4.0 bps | 70% | 66th | $0.0159 | 100.0% |
| market | $1k–$5k • ROUND | 106,542 | 41,162,388 | 10.2% | 83.1% | 8.2 bps | 5.5 bps | 46% | 64th | $0.0035 | 99.8% |
| market | $5k–$10k • ODD | 57,439 | 2,542,255 | 9.5% | 91.8% | 4.3 bps | 3.4 bps | 70% | 71st | $0.0282 | 100.0% |
| market | $5k–$10k • ROUND | 75,584 | 39,410,410 | 9.9% | 82.0% | 6.0 bps | 3.5 bps | 31% | 68th | $0.0056 | 99.8% |
| market | $10k–$20k • ODD | 18,762 | 940,536 | 9.5% | 92.6% | 4.8 bps | 3.8 bps | 65% | 80th | $0.0512 | 100.0% |
| market | $10k–$20k • ROUND | 88,632 | 58,922,272 | 10.3% | 77.4% | 4.8 bps | 2.8 bps | 33% | 76th | $0.0078 | 99.8% |
| market | $20k–$50k • ODD | 1,769 | 105,389 | 10.5% | 91.1% | 4.3 bps | 0.2 bps | 39% | 69th | $0.0871 | 100.0% |
| market | $20k–$50k • ROUND | 88,285 | 96,359,470 | 7.3% | 69.5% | 4.0 bps | 2.9 bps | 40% | 79th | $0.0102 | 97.6% |
| market | $50k–$200k • ROUND | 53,435 | 137,438,679 | 6.5% | 55.9% | 2.7 bps | 2.5 bps | 47% | 74th | $0.0158 | 95.4% |
| market | ≥$200k • ROUND | 10,614 | 68,323,735 | 6.0% | 42.3% | 0.2 bps | -0.2 bps | 38% | 61st | $0.0369 | 88.0% |
| marketable_limit | <$250 • ODD | 24,067 | 175,104 | 7.8% | 83.4% | 3.6 bps | -4.8 bps | 11% | 49th | $0.0095 | 99.9% |
| marketable_limit | <$250 • ROUND | 652 | 201,405 | 5.6% | 43.3% | 15.3 bps | — | 0% | 66th | $0.0031 | 83.1% |
| marketable_limit | $250–$999 • ODD | 19,450 | 343,197 | 7.8% | 84.0% | 2.6 bps | -4.9 bps | 12% | 48th | $0.0145 | 99.9% |
| marketable_limit | $250–$999 • ROUND | 3,639 | 1,626,736 | 10.5% | 51.9% | 7.7 bps | -3.9 bps | 36% | 54th | $0.0039 | 95.4% |
| marketable_limit | $1k–$5k • ODD | 18,973 | 570,707 | 7.9% | 82.6% | 2.2 bps | -6.2 bps | 33% | 52nd | $0.0253 | 99.9% |
| marketable_limit | $1k–$5k • ROUND | 14,256 | 7,118,869 | 9.7% | 63.6% | 4.6 bps | -6.1 bps | 14% | 56th | $0.0080 | 97.5% |
| marketable_limit | $5k–$10k • ODD | 4,378 | 228,171 | 10.0% | 82.5% | 1.8 bps | -7.1 bps | 39% | 54th | $0.0403 | 99.9% |
| marketable_limit | $5k–$10k • ROUND | 9,335 | 9,574,552 | 9.3% | 55.6% | 2.9 bps | -2.5 bps | 1% | 60th | $0.0083 | 95.3% |
| marketable_limit | $10k–$20k • ODD | 1,086 | 56,342 | 6.9% | 84.7% | 2.9 bps | -2.7 bps | 20% | 65th | $0.0873 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 10,644 | 16,450,539 | 9.4% | 52.2% | 2.5 bps | -4.7 bps | 8% | 63rd | $0.0096 | 94.2% |
| marketable_limit | $20k–$50k • ODD | 110 | 6,361 | 13.7% | 81.4% | 1.7 bps | — | 0% | 50th | $0.3228 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 11,475 | 29,941,834 | 9.0% | 45.1% | 1.5 bps | -4.4 bps | 5% | 62nd | $0.0163 | 93.0% |
| marketable_limit | $50k–$200k • ROUND | 9,899 | 56,781,589 | 10.2% | 34.3% | 0.5 bps | -1.0 bps | 38% | 45th | $0.0178 | 93.7% |
| marketable_limit | ≥$200k • ROUND | 2,664 | 32,210,829 | 7.5% | 27.6% | -0.9 bps | -1.9 bps | 3% | 26th | $0.0494 | 84.7% |
| nonmarketable_limit | <$250 • ODD | 96,416 | 634,033 | 0.4% | 100.0% | 20.4 bps | 19.9 bps | 56% | 42nd | $-0.0218 | 21.4% |
| nonmarketable_limit | <$250 • ROUND | 1,936 | 399,371 | 0.1% | 100.0% | 98.0 bps | — | 0% | 87th | — | 26.1% |
| nonmarketable_limit | $250–$999 • ODD | 82,448 | 1,315,123 | 0.3% | 100.0% | 15.7 bps | 19.9 bps | 50% | 47th | $0.0378 | 25.2% |
| nonmarketable_limit | $250–$999 • ROUND | 11,099 | 3,076,810 | 0.2% | 100.0% | 54.8 bps | — | 32% | 61st | $0.0009 | 18.5% |
| nonmarketable_limit | $1k–$5k • ODD | 76,614 | 2,057,369 | 0.3% | 100.0% | 12.4 bps | 27.1 bps | 53% | 53rd | $0.0488 | 35.4% |
| nonmarketable_limit | $1k–$5k • ROUND | 46,972 | 17,676,837 | 0.3% | 100.0% | 22.7 bps | 80.3 bps | 38% | 45th | $0.0048 | 19.4% |
| nonmarketable_limit | $5k–$10k • ODD | 15,658 | 679,313 | 0.3% | 100.0% | 10.5 bps | 25.2 bps | 42% | 65th | $0.1428 | 46.5% |
| nonmarketable_limit | $5k–$10k • ROUND | 28,328 | 17,680,443 | 0.3% | 100.0% | 17.5 bps | 40.9 bps | 10% | 54th | $0.0014 | 20.1% |
| nonmarketable_limit | $10k–$20k • ODD | 5,406 | 281,390 | 0.2% | 100.0% | 12.9 bps | 33.0 bps | 37% | 68th | $0.1067 | 45.1% |
| nonmarketable_limit | $10k–$20k • ROUND | 30,520 | 26,389,205 | 0.4% | 100.0% | 17.7 bps | 33.5 bps | 15% | 73rd | $0.0067 | 21.6% |
| nonmarketable_limit | $20k–$50k • ODD | 348 | 22,350 | — | 100.0% | 9.9 bps | — | — | 43rd | — | 42.5% |
| nonmarketable_limit | $20k–$50k • ROUND | 29,577 | 44,081,197 | 0.3% | 100.0% | 14.3 bps | 35.1 bps | 24% | 76th | $0.0366 | 21.0% |
| nonmarketable_limit | $50k–$200k • ROUND | 19,805 | 77,950,239 | 0.4% | 99.9% | 12.3 bps | 21.6 bps | 6% | 81st | $0.0172 | 20.2% |
| nonmarketable_limit | ≥$200k • ROUND | 4,774 | 45,456,940 | 0.8% | 100.0% | 6.5 bps | 21.6 bps | 7% | 48th | $0.0081 | 23.1% |
| market | <$250 • ODD | 87,195 | 161,256 | 7.2% | 95.1% | 2.6 bps | 2.4 bps | 91% | 48th | $0.0055 | 100.0% |
| market | $250–$999 • ODD | 212,376 | 889,190 | 7.5% | 94.5% | 2.7 bps | 2.7 bps | 93% | 55th | $0.0137 | 100.0% |
| market | $250–$999 • ROUND | 36 | 3,624 | — | — | — | — | — | — | — | — |
| market | $1k–$5k • ODD | 293,464 | 3,914,641 | 8.0% | 94.0% | 2.8 bps | 2.8 bps | 94% | 59th | $0.0210 | 100.0% |
| market | $1k–$5k • ROUND | 11,719 | 1,417,827 | 6.7% | 95.9% | 2.0 bps | 2.0 bps | 86% | 75th | $0.0016 | 100.0% |
| market | $5k–$10k • ODD | 99,492 | 2,700,053 | 8.6% | 93.4% | 2.9 bps | 2.8 bps | 88% | 64th | $0.0328 | 100.0% |
| market | $5k–$10k • ROUND | 18,565 | 3,071,594 | 8.1% | 94.9% | 1.9 bps | 1.7 bps | 77% | 74th | $0.0025 | 100.0% |
| market | $10k–$20k • ODD | 52,350 | 1,930,880 | 8.9% | 93.2% | 2.9 bps | 2.9 bps | 86% | 63rd | $0.0529 | 100.0% |
| market | $10k–$20k • ROUND | 44,117 | 7,267,979 | 8.6% | 94.1% | 2.6 bps | 2.2 bps | 77% | 75th | $0.0073 | 100.0% |
| market | $20k–$50k • ODD | 14,212 | 536,125 | 9.9% | 93.7% | 3.3 bps | 3.7 bps | 85% | 67th | $0.1688 | 100.0% |
| market | $20k–$50k • ROUND | 75,953 | 17,374,259 | 9.7% | 92.4% | 2.5 bps | 2.3 bps | 80% | 72nd | $0.0131 | 100.0% |
| market | $50k–$200k • ODD | 266 | 9,682 | 12.1% | 94.0% | 3.1 bps | 4.0 bps | 75% | 26th | $0.2839 | 100.0% |
| market | $50k–$200k • ROUND | 60,967 | 33,905,368 | 10.8% | 86.7% | 2.5 bps | 2.3 bps | 79% | 59th | $0.0225 | 99.9% |
| market | ≥$200k • ROUND | 16,899 | 36,108,728 | 11.7% | 64.4% | 1.5 bps | 0.6 bps | 66% | 70th | $0.0779 | 97.9% |
| marketable_limit | <$250 • ODD | 6,541 | 14,064 | 6.1% | 89.2% | 1.7 bps | -3.6 bps | 40% | 64th | $0.0118 | 99.9% |
| marketable_limit | $250–$999 • ODD | 13,340 | 68,239 | 6.1% | 88.3% | 1.7 bps | -4.0 bps | 42% | 58th | $0.0233 | 99.9% |
| marketable_limit | $250–$999 • ROUND | 4 | 400 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 18,226 | 271,927 | 7.0% | 86.4% | 1.8 bps | -5.0 bps | 60% | 51st | $0.0374 | 99.9% |
| marketable_limit | $1k–$5k • ROUND | 1,268 | 155,695 | 5.5% | 84.7% | 1.6 bps | -10.6 bps | 22% | 73rd | $0.0037 | 99.9% |
| marketable_limit | $5k–$10k • ODD | 5,982 | 164,117 | 7.0% | 87.3% | 1.9 bps | -5.3 bps | 42% | 58th | $0.0620 | 99.9% |
| marketable_limit | $5k–$10k • ROUND | 1,715 | 322,144 | 7.5% | 82.9% | 1.3 bps | -12.3 bps | 16% | 70th | $0.0069 | 99.6% |
| marketable_limit | $10k–$20k • ODD | 3,509 | 129,428 | 7.4% | 85.5% | 1.9 bps | -4.2 bps | 55% | 60th | $0.0984 | 99.8% |
| marketable_limit | $10k–$20k • ROUND | 3,374 | 662,205 | 6.8% | 82.7% | 1.6 bps | -5.8 bps | 28% | 56th | $0.0195 | 99.9% |
| marketable_limit | $20k–$50k • ODD | 989 | 37,814 | 7.5% | 86.5% | 2.1 bps | 0.1 bps | 57% | 63rd | $0.2785 | 99.9% |
| marketable_limit | $20k–$50k • ROUND | 5,780 | 1,631,643 | 9.1% | 76.3% | 1.4 bps | -4.5 bps | 26% | 58th | $0.0227 | 99.6% |
| marketable_limit | $50k–$200k • ODD | 19 | 724 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 4,927 | 3,635,683 | 9.6% | 67.3% | 1.2 bps | -3.0 bps | 32% | 53rd | $0.0410 | 98.1% |
| marketable_limit | ≥$200k • ROUND | 2,084 | 8,955,882 | 9.5% | 39.7% | -0.1 bps | -5.0 bps | 19% | 30th | $0.1220 | 92.4% |
| nonmarketable_limit | <$250 • ODD | 31,834 | 62,604 | 0.6% | 100.0% | 7.0 bps | 16.0 bps | 81% | 83rd | $0.0332 | 32.6% |
| nonmarketable_limit | $250–$999 • ODD | 68,537 | 307,298 | 0.6% | 100.0% | 5.8 bps | 22.0 bps | 79% | 87th | $0.0199 | 35.6% |
| nonmarketable_limit | $250–$999 • ROUND | 18 | 1,800 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 83,782 | 1,128,016 | 0.5% | 100.0% | 5.6 bps | 24.9 bps | 84% | 72nd | $0.0198 | 42.2% |
| nonmarketable_limit | $1k–$5k • ROUND | 4,926 | 584,615 | 0.6% | 100.0% | 7.0 bps | 24.5 bps | 64% | 85th | $0.0000 | 21.7% |
| nonmarketable_limit | $5k–$10k • ODD | 26,996 | 735,022 | 0.5% | 100.0% | 5.2 bps | 28.1 bps | 61% | 74th | $0.0469 | 47.4% |
| nonmarketable_limit | $5k–$10k • ROUND | 6,409 | 1,059,590 | 0.8% | 100.0% | 4.7 bps | 17.9 bps | 40% | 84th | $0.0126 | 28.9% |
| nonmarketable_limit | $10k–$20k • ODD | 14,565 | 526,465 | 0.4% | 100.0% | 5.6 bps | 20.1 bps | 57% | 81st | $0.1679 | 51.3% |
| nonmarketable_limit | $10k–$20k • ROUND | 14,353 | 2,442,525 | 0.5% | 100.0% | 4.4 bps | 25.1 bps | 75% | 68th | $0.0267 | 31.9% |
| nonmarketable_limit | $20k–$50k • ODD | 4,065 | 158,631 | 0.3% | 100.0% | 5.7 bps | 9.7 bps | 66% | 83rd | $0.1337 | 55.0% |
| nonmarketable_limit | $20k–$50k • ROUND | 22,606 | 5,214,822 | 0.6% | 100.0% | 5.4 bps | 31.8 bps | 38% | 83rd | $0.1277 | 38.4% |
| nonmarketable_limit | $50k–$200k • ODD | 73 | 2,611 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $50k–$200k • ROUND | 16,633 | 10,138,285 | 0.7% | 100.0% | 4.8 bps | 30.8 bps | 56% | 79th | $0.0698 | 36.1% |
| nonmarketable_limit | ≥$200k • ROUND | 6,520 | 17,755,123 | 0.8% | 100.0% | 3.5 bps | 28.9 bps | 21% | 65th | $0.1993 | 39.1% |
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 Name | Month | Kind | Status | Fetched At | Source URL |
|---|---|---|---|---|---|
| MLCO202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:18.985373548+00:00 | File Link ↗ |
| MLCO202608.csv | 202608 | summary | stored | 2026-09-30T21:17:18.985371664+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
5
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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