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Rule 605 Market Center Scorecard
VIRTU AMERICAS LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:30:27 GMT
Quarter:2026Q3
Covered Orders44,586,152Across all reported tiers
Covered Shares33,606,359,952In 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.
| 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 | 53,582 | 225,034 | 34.8% | 94.6% | 8.7 bps | 2.7 bps | 10% | 67th | $0.0008 | 100.0% |
| market | <$250 • ROUND | 13,061 | 1,423,882 | 21.9% | 1.6% | 2.1 bps | 26.9 bps | 94% | 6th | $0.0059 | 100.0% |
| market | $250–$999 • ODD | 59,305 | 799,460 | 36.0% | 99.3% | 6.9 bps | 1.6 bps | 12% | 77th | $0.0009 | 100.0% |
| market | $250–$999 • ROUND | 3,614 | 1,109,077 | 17.1% | 74.1% | 20.5 bps | 10.3 bps | 14% | 75th | $0.0029 | 100.0% |
| market | $1k–$5k • ODD | 76,581 | 2,541,258 | 29.7% | 99.7% | 5.1 bps | 1.5 bps | 37% | 74th | $0.0011 | 100.0% |
| market | $1k–$5k • ROUND | 21,184 | 7,546,975 | 23.6% | 94.7% | 11.5 bps | 9.3 bps | 14% | 88th | $0.0030 | 100.0% |
| market | $5k–$10k • ODD | 18,684 | 997,709 | 27.4% | 99.3% | 4.0 bps | 1.2 bps | 41% | 63rd | $0.0032 | 100.0% |
| market | $5k–$10k • ROUND | 23,509 | 8,893,094 | 22.1% | 89.9% | 6.1 bps | 1.2 bps | 6% | 73rd | $0.0056 | 100.0% |
| market | $10k–$20k • ODD | 5,962 | 354,731 | 21.6% | 98.2% | 3.9 bps | 0.9 bps | 35% | 53rd | $0.0183 | 100.0% |
| market | $10k–$20k • ROUND | 29,446 | 14,247,482 | 19.3% | 85.3% | 4.5 bps | 1.0 bps | 12% | 70th | $0.0089 | 100.0% |
| market | $20k–$50k • ODD | 706 | 43,437 | 18.6% | 100.0% | 1.8 bps | 0.2 bps | 30% | 21st | $0.1456 | 100.0% |
| market | $20k–$50k • ROUND | 30,057 | 27,655,063 | 13.5% | 78.5% | 3.4 bps | 0.9 bps | 15% | 61st | $0.0148 | 100.0% |
| market | $50k–$200k • ROUND | 17,694 | 37,794,340 | 8.3% | 79.7% | 2.6 bps | 0.8 bps | 21% | 73rd | $0.0180 | 100.0% |
| market | ≥$200k • ROUND | 4,585 | 34,106,784 | 3.2% | 70.3% | 0.9 bps | -0.4 bps | 3% | 77th | $0.0232 | 100.0% |
| marketable_limit | <$250 • ODD | 4,264,769 | 49,584,951 | 33.2% | 36.4% | 2.0 bps | -23.8 bps | 96% | 35th | $0.0198 | 100.0% |
| marketable_limit | <$250 • ROUND | 1,583,334 | 566,141,780 | 22.5% | 17.0% | 1.7 bps | -69.9 bps | 99% | 21st | $0.0029 | 100.0% |
| marketable_limit | $250–$999 • ODD | 1,754,004 | 46,307,437 | 38.3% | 39.1% | 1.1 bps | -13.9 bps | 88% | 26th | $0.0372 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 2,229,768 | 1,741,554,463 | 17.3% | 15.1% | 2.0 bps | -48.0 bps | 99% | 35th | $0.0065 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 1,347,990 | 55,331,884 | 40.4% | 27.0% | 0.6 bps | -4.3 bps | 84% | 20th | $0.0505 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 3,671,502 | 5,128,840,774 | 9.3% | 18.9% | 1.2 bps | -15.1 bps | 97% | 36th | $0.0156 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 249,191 | 14,036,554 | 43.9% | 25.6% | 0.5 bps | -4.6 bps | 79% | 25th | $0.0876 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 1,558,709 | 2,652,423,723 | 8.8% | 23.9% | 0.7 bps | -7.6 bps | 87% | 33rd | $0.0239 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 85,630 | 5,189,946 | 47.1% | 25.3% | 0.4 bps | -2.6 bps | 81% | 24th | $0.1535 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 1,308,566 | 2,284,416,520 | 11.6% | 23.4% | 0.4 bps | -5.4 bps | 84% | 26th | $0.0258 | 100.0% |
| marketable_limit | $20k–$50k • ODD | 12,686 | 765,553 | 45.5% | 20.7% | 0.3 bps | -0.1 bps | 79% | 20th | $0.2925 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 1,231,937 | 2,773,028,873 | 13.9% | 20.4% | 0.3 bps | -4.1 bps | 86% | 23rd | $0.0254 | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 839,384 | 3,503,909,563 | 11.9% | 15.6% | 0.2 bps | -3.1 bps | 84% | 30th | $0.0275 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 285,920 | 4,368,225,287 | 4.7% | 10.0% | 0.1 bps | -2.5 bps | 71% | 64th | $0.0471 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 4,420,929 | 55,409,807 | 64.3% | 100.0% | 13.0 bps | 74.2 bps | 96% | 22nd | $0.0213 | 100.0% |
| nonmarketable_limit | <$250 • ROUND | 451,587 | 143,876,715 | 3.4% | 99.9% | 38.2 bps | 107.3 bps | 92% | 32nd | $0.0028 | 100.0% |
| nonmarketable_limit | $250–$999 • ODD | 1,918,050 | 41,444,822 | 38.1% | 100.0% | 10.4 bps | 60.5 bps | 95% | 27th | $0.0414 | 100.0% |
| nonmarketable_limit | $250–$999 • ROUND | 870,812 | 497,008,996 | 2.9% | 100.0% | 29.2 bps | 144.2 bps | 89% | 24th | $0.0085 | 100.0% |
| nonmarketable_limit | $1k–$5k • ODD | 1,260,997 | 40,874,510 | 11.4% | 100.0% | 7.7 bps | 44.2 bps | 83% | 28th | $0.0612 | 100.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 2,114,111 | 1,375,593,133 | 2.0% | 99.9% | 14.9 bps | 104.4 bps | 84% | 30th | $0.0267 | 100.0% |
| nonmarketable_limit | $5k–$10k • ODD | 320,288 | 16,388,954 | 10.8% | 100.0% | 6.1 bps | 36.3 bps | 79% | 32nd | $0.0845 | 100.0% |
| nonmarketable_limit | $5k–$10k • ROUND | 1,088,351 | 761,079,036 | 1.9% | 100.0% | 8.6 bps | 76.7 bps | 68% | 21st | $0.0425 | 100.0% |
| nonmarketable_limit | $10k–$20k • ODD | 145,160 | 8,741,352 | 10.1% | 100.0% | 5.7 bps | 31.1 bps | 83% | 22nd | $0.1355 | 100.0% |
| nonmarketable_limit | $10k–$20k • ROUND | 1,061,744 | 740,871,737 | 2.2% | 99.9% | 5.8 bps | 52.7 bps | 66% | 15th | $0.0532 | 100.0% |
| nonmarketable_limit | $20k–$50k • ODD | 21,351 | 1,511,231 | 7.7% | 100.0% | 5.9 bps | 16.7 bps | 74% | 10th | $0.3219 | 100.0% |
| nonmarketable_limit | $20k–$50k • ROUND | 1,408,446 | 1,120,277,576 | 1.8% | 99.9% | 4.2 bps | 38.7 bps | 63% | 8th | $0.0678 | 100.0% |
| nonmarketable_limit | $50k–$200k • ROUND | 1,143,907 | 1,639,327,204 | 1.2% | 99.9% | 3.7 bps | 26.7 bps | 60% | 9th | $0.0585 | 100.0% |
| nonmarketable_limit | ≥$200k • ROUND | 308,310 | 2,021,243,331 | 0.7% | 99.8% | 3.1 bps | 15.4 bps | 49% | 16th | $0.0344 | 100.0% |
| market | <$250 • ODD | 3,258 | 5,331 | 16.0% | 89.8% | 3.6 bps | 0.7 bps | 7% | 77th | $0.0095 | 100.0% |
| market | $250–$999 • ODD | 12,394 | 48,645 | 19.3% | 96.6% | 3.4 bps | 1.5 bps | 20% | 78th | $0.0027 | 100.0% |
| market | $1k–$5k • ODD | 25,491 | 330,010 | 18.7% | 98.8% | 4.0 bps | 2.5 bps | 34% | 89th | $0.0014 | 100.0% |
| market | $1k–$5k • ROUND | 520 | 71,623 | 24.6% | 94.0% | 2.5 bps | — | 0% | 97th | $0.0006 | 100.0% |
| market | $5k–$10k • ODD | 10,768 | 325,914 | 19.1% | 97.7% | 4.0 bps | 1.7 bps | 28% | 91st | $0.0046 | 100.0% |
| market | $5k–$10k • ROUND | 1,386 | 250,055 | 26.0% | 87.8% | 2.5 bps | 1.7 bps | 6% | 93rd | $0.0033 | 100.0% |
| market | $10k–$20k • ODD | 7,256 | 299,019 | 20.4% | 95.8% | 3.8 bps | 1.9 bps | 39% | 85th | $0.0155 | 100.0% |
| market | $10k–$20k • ROUND | 5,089 | 850,195 | 20.3% | 83.1% | 2.6 bps | 1.2 bps | 18% | 78th | $0.0144 | 100.0% |
| market | $20k–$50k • ODD | 2,398 | 103,217 | 22.2% | 91.2% | 3.9 bps | 3.3 bps | 57% | 82nd | $0.0699 | 100.0% |
| market | $20k–$50k • ROUND | 11,790 | 2,798,941 | 21.7% | 78.8% | 2.7 bps | 1.2 bps | 34% | 77th | $0.0240 | 100.0% |
| market | $50k–$200k • ODD | 49 | 1,814 | — | — | — | — | — | — | — | — |
| market | $50k–$200k • ROUND | 14,904 | 8,496,623 | 16.8% | 78.6% | 2.1 bps | 1.0 bps | 41% | 45th | $0.0334 | 100.0% |
| market | ≥$200k • ROUND | 7,987 | 27,099,564 | 4.5% | 73.8% | 2.2 bps | 0.3 bps | 44% | 85th | $0.0317 | 100.0% |
| marketable_limit | <$250 • ODD | 254,598 | 531,811 | 47.1% | 58.2% | 0.4 bps | -1.8 bps | 99% | 24th | $0.0335 | 100.0% |
| marketable_limit | $250–$999 • ODD | 376,531 | 2,199,797 | 47.5% | 52.3% | 0.2 bps | -1.9 bps | 99% | 19th | $0.0537 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 360 | 36,315 | 45.2% | 31.5% | 1.4 bps | -1.7 bps | 100% | 75th | $0.0077 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 427,327 | 9,039,073 | 53.7% | 40.2% | 0.2 bps | -3.1 bps | 99% | 13th | $0.0579 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 138,484 | 15,236,995 | 47.3% | 22.3% | 0.2 bps | -2.8 bps | 100% | 34th | $0.0117 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 180,920 | 6,690,291 | 58.1% | 27.6% | 0.1 bps | -3.7 bps | 92% | 15th | $0.0785 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 223,989 | 31,508,287 | 42.1% | 22.8% | 0.1 bps | -2.4 bps | 100% | 23rd | $0.0211 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 120,615 | 5,535,041 | 55.6% | 31.3% | 0.1 bps | -2.9 bps | 87% | 19th | $0.1230 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 355,044 | 58,088,451 | 43.8% | 24.9% | 0.1 bps | -2.4 bps | 100% | 16th | $0.0525 | 100.0% |
| marketable_limit | $20k–$50k • ODD | 42,055 | 1,961,841 | 51.9% | 32.3% | 0.2 bps | -1.0 bps | 88% | 16th | $0.2406 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 514,873 | 118,620,256 | 38.1% | 28.0% | 0.1 bps | -2.8 bps | 99% | 16th | $0.0643 | 100.0% |
| marketable_limit | $50k–$200k • ODD | 1,412 | 53,184 | 31.9% | 42.1% | 0.2 bps | 1.3 bps | 94% | 17th | $0.9694 | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 369,640 | 229,698,904 | 28.4% | 24.5% | 0.1 bps | -2.1 bps | 94% | 19th | $0.0690 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 163,188 | 808,824,612 | 9.2% | 9.5% | 0.0 bps | -2.2 bps | 78% | 42nd | $0.1173 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 474,912 | 746,198 | 39.8% | 100.0% | 3.2 bps | 30.0 bps | 98% | 15th | $0.0168 | 100.0% |
| nonmarketable_limit | $250–$999 • ODD | 753,567 | 3,253,706 | 48.0% | 100.0% | 3.3 bps | 27.9 bps | 98% | 27th | $0.0317 | 100.0% |
| nonmarketable_limit | $250–$999 • ROUND | 54 | 5,449 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 636,480 | 8,129,010 | 19.4% | 100.0% | 3.4 bps | 27.2 bps | 94% | 18th | $0.0445 | 100.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 60,640 | 5,017,986 | 5.8% | 99.8% | 1.9 bps | 8.3 bps | 94% | 2nd | $0.0048 | 100.0% |
| nonmarketable_limit | $5k–$10k • ODD | 261,358 | 8,266,036 | 17.0% | 100.0% | 3.2 bps | 28.0 bps | 92% | 23rd | $0.0574 | 100.0% |
| nonmarketable_limit | $5k–$10k • ROUND | 182,381 | 20,493,289 | 7.6% | 100.0% | 2.0 bps | 26.9 bps | 95% | 6th | $0.0109 | 100.0% |
| nonmarketable_limit | $10k–$20k • ODD | 175,451 | 7,808,026 | 18.5% | 100.0% | 2.9 bps | 23.7 bps | 94% | 25th | $0.0751 | 100.0% |
| nonmarketable_limit | $10k–$20k • ROUND | 411,811 | 45,608,027 | 9.8% | 100.0% | 2.0 bps | 33.9 bps | 95% | 8th | $0.0339 | 100.0% |
| nonmarketable_limit | $20k–$50k • ODD | 58,456 | 2,754,486 | 14.9% | 100.0% | 2.9 bps | 10.9 bps | 89% | 17th | $0.2190 | 100.0% |
| nonmarketable_limit | $20k–$50k • ROUND | 545,852 | 88,180,266 | 8.1% | 100.0% | 2.0 bps | 43.2 bps | 94% | 13th | $0.0845 | 100.0% |
| nonmarketable_limit | $50k–$200k • ODD | 2,279 | 81,952 | 9.8% | 100.0% | 2.3 bps | 2.9 bps | 94% | 8th | $0.8637 | 100.0% |
| nonmarketable_limit | $50k–$200k • ROUND | 337,282 | 128,261,988 | 4.4% | 100.0% | 1.7 bps | 29.4 bps | 84% | 9th | $0.1501 | 100.0% |
| nonmarketable_limit | ≥$200k • ROUND | 97,900 | 167,903,686 | 2.1% | 100.0% | 2.0 bps | 14.9 bps | 72% | 16th | $0.0897 | 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.
No raw Rule 605 files stored for this market center.
4. Coverage Gaps & Review Limitations
Suppressed Cells
2
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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