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Rule 605 Market Center Scorecard
CITIGROUP GLOBAL MARKETS INC.
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:32:14 GMT
Quarter:2026Q3
Covered Orders2,905,297,960Across all reported tiers
Covered Shares942,550,837,626In 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 | 982,260 | 13,445,791 | 1.1% | 21.1% | 4.6 bps | -1.5 bps | 76% | 56th | $0.0283 | 99.9% |
| marketable_limit | <$250 • ROUND | 525,436 | 118,823,025 | 0.3% | 21.3% | 2.1 bps | -7.6 bps | 90% | 25th | $0.0117 | 94.6% |
| marketable_limit | $250–$999 • ODD | 757,860 | 25,054,202 | 1.8% | 19.8% | 2.7 bps | -2.8 bps | 74% | 51st | $0.0314 | 99.9% |
| marketable_limit | $250–$999 • ROUND | 1,721,567 | 470,005,559 | 0.5% | 11.8% | 0.8 bps | -6.5 bps | 95% | 21st | $0.0141 | 95.9% |
| marketable_limit | $1k–$5k • ODD | 699,848 | 37,486,955 | 2.6% | 29.2% | 2.3 bps | -2.0 bps | 65% | 55th | $0.0572 | 99.9% |
| marketable_limit | $1k–$5k • ROUND | 8,843,333 | 1,802,713,185 | 0.9% | 12.4% | 0.5 bps | -2.4 bps | 98% | 23rd | $0.0264 | 98.1% |
| marketable_limit | $5k–$10k • ODD | 111,637 | 7,676,667 | 3.8% | 41.7% | 2.1 bps | -3.2 bps | 42% | 59th | $0.1064 | 99.9% |
| marketable_limit | $5k–$10k • ROUND | 4,117,821 | 1,097,185,714 | 1.1% | 18.2% | 0.7 bps | -1.0 bps | 92% | 30th | $0.0452 | 99.1% |
| marketable_limit | $10k–$20k • ODD | 30,513 | 2,114,011 | 6.0% | 49.8% | 2.5 bps | -2.3 bps | 44% | 59th | $0.1929 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 2,850,950 | 1,158,320,468 | 1.0% | 22.0% | 0.8 bps | -1.5 bps | 89% | 39th | $0.0708 | 99.0% |
| marketable_limit | $20k–$50k • ODD | 11,604 | 947,389 | 3.0% | 42.9% | 1.8 bps | -0.4 bps | 73% | 52nd | $0.3851 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 2,008,217 | 1,444,542,236 | 0.7% | 25.3% | 0.9 bps | -1.3 bps | 86% | 48th | $0.1085 | 98.9% |
| marketable_limit | $50k–$200k • ROUND | 899,078 | 2,247,255,290 | 0.3% | 21.8% | 0.6 bps | -1.2 bps | 78% | 52nd | $0.1207 | 97.8% |
| marketable_limit | ≥$200k • ROUND | 135,328 | 1,636,006,656 | 0.2% | 14.4% | -0.2 bps | -1.5 bps | 62% | 49th | $0.0341 | 96.1% |
| nonmarketable_limit | <$250 • ODD | 52,432,497 | 497,146,949 | 0.1% | 93.4% | 13.2 bps | 68.4 bps | 99% | 23rd | $0.0061 | 98.1% |
| nonmarketable_limit | <$250 • ROUND | 18,190,292 | 2,884,188,896 | 0.1% | 66.9% | 36.0 bps | 107.7 bps | 99% | 24th | $0.0005 | 87.5% |
| nonmarketable_limit | $250–$999 • ODD | 45,285,866 | 849,295,615 | 0.1% | 99.4% | 8.3 bps | 47.0 bps | 99% | 14th | $0.0117 | 99.7% |
| nonmarketable_limit | $250–$999 • ROUND | 68,073,926 | 9,897,614,069 | 0.1% | 80.5% | 19.3 bps | 91.0 bps | 99% | 16th | $0.0017 | 81.1% |
| nonmarketable_limit | $1k–$5k • ODD | 51,957,968 | 1,578,387,999 | 0.1% | 99.5% | 5.8 bps | 40.0 bps | 99% | 11th | $0.0420 | 97.2% |
| nonmarketable_limit | $1k–$5k • ROUND | 620,487,061 | 85,507,815,090 | 0.1% | 96.6% | 9.1 bps | 71.1 bps | 100% | 14th | $0.0074 | 78.9% |
| nonmarketable_limit | $5k–$10k • ODD | 19,378,867 | 1,153,809,215 | 0.1% | 99.6% | 5.3 bps | 37.5 bps | 99% | 20th | $0.0797 | 92.9% |
| nonmarketable_limit | $5k–$10k • ROUND | 434,839,435 | 70,726,201,169 | 0.0% | 98.9% | 7.3 bps | 63.6 bps | 99% | 19th | $0.0170 | 80.1% |
| nonmarketable_limit | $10k–$20k • ODD | 10,326,849 | 631,083,704 | 0.1% | 99.8% | 5.0 bps | 31.8 bps | 100% | 15th | $0.1428 | 95.8% |
| nonmarketable_limit | $10k–$20k • ROUND | 391,029,554 | 77,937,055,175 | 0.0% | 99.0% | 6.6 bps | 53.6 bps | 99% | 25th | $0.0284 | 85.4% |
| nonmarketable_limit | $20k–$50k • ODD | 1,778,874 | 112,966,891 | 0.0% | 100.0% | 8.6 bps | 24.9 bps | 98% | 29th | $0.3317 | 97.9% |
| nonmarketable_limit | $20k–$50k • ROUND | 296,330,597 | 99,580,716,023 | 0.0% | 99.4% | 6.5 bps | 48.1 bps | 97% | 24th | $0.0495 | 88.1% |
| nonmarketable_limit | $50k–$200k • ROUND | 124,177,981 | 108,781,946,561 | 0.0% | 99.3% | 5.8 bps | 45.9 bps | 95% | 26th | $0.0716 | 89.7% |
| nonmarketable_limit | ≥$200k • ROUND | 15,793,516 | 359,426,437,711 | 0.0% | 99.5% | 2.7 bps | 30.5 bps | 90% | 12th | $0.0179 | 89.9% |
| marketable_limit | <$250 • ODD | 31,871 | 64,079 | 14.2% | 41.8% | 1.8 bps | -2.0 bps | 54% | 69th | $0.0543 | 100.0% |
| marketable_limit | $250–$999 • ODD | 58,286 | 518,750 | 8.6% | 38.8% | 2.0 bps | -2.0 bps | 63% | 70th | $0.0704 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 2,707 | 270,717 | 0.8% | 4.8% | 0.3 bps | -1.6 bps | 100% | 38th | $0.0090 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 219,078 | 8,275,088 | 4.2% | 33.7% | 1.6 bps | -1.8 bps | 90% | 46th | $0.0649 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 613,875 | 59,644,894 | 1.3% | 13.7% | 0.2 bps | -2.2 bps | 100% | 27th | $0.0137 | 99.1% |
| marketable_limit | $5k–$10k • ODD | 89,003 | 4,610,053 | 6.7% | 33.8% | 1.2 bps | -2.8 bps | 67% | 46th | $0.0746 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 1,661,043 | 183,810,834 | 1.5% | 17.0% | 0.2 bps | -1.8 bps | 100% | 33rd | $0.0246 | 99.0% |
| marketable_limit | $10k–$20k • ODD | 50,305 | 2,671,676 | 8.0% | 52.3% | 1.6 bps | -2.2 bps | 58% | 51st | $0.1356 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 1,984,682 | 252,093,120 | 1.9% | 27.6% | 0.5 bps | -1.9 bps | 99% | 37th | $0.0668 | 99.5% |
| marketable_limit | $20k–$50k • ODD | 79,896 | 4,356,166 | 2.4% | 45.5% | 1.0 bps | -0.6 bps | 91% | 45th | $0.2713 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 2,439,449 | 417,140,505 | 1.5% | 32.1% | 0.6 bps | -2.0 bps | 99% | 34th | $0.1211 | 99.6% |
| marketable_limit | $50k–$200k • ODD | 1,188 | 43,532 | 0.9% | 45.1% | 3.3 bps | 1.3 bps | 82% | 80th | $4.3616 | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 1,280,572 | 400,063,631 | 1.2% | 33.7% | 0.5 bps | -1.5 bps | 97% | 37th | $0.1747 | 98.9% |
| marketable_limit | ≥$200k • ROUND | 40,812 | 140,435,084 | 0.5% | 30.2% | 0.2 bps | -2.7 bps | 64% | 58th | $0.1659 | 95.2% |
| nonmarketable_limit | <$250 • ODD | 1,614,012 | 2,858,359 | 0.3% | 99.1% | 3.1 bps | 23.9 bps | 98% | 13th | $0.0046 | 97.2% |
| nonmarketable_limit | $250–$999 • ODD | 3,605,548 | 20,405,301 | 0.2% | 99.2% | 3.5 bps | 25.1 bps | 99% | 35th | $0.0126 | 98.7% |
| nonmarketable_limit | $250–$999 • ROUND | 3,591 | 360,326 | 0.5% | 100.0% | 5.8 bps | 50.5 bps | 47% | 14th | $0.0000 | 57.9% |
| nonmarketable_limit | $1k–$5k • ODD | 18,389,409 | 329,849,604 | 0.1% | 99.6% | 3.6 bps | 25.6 bps | 100% | 30th | $0.0278 | 99.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 18,375,195 | 1,906,089,241 | 0.1% | 99.3% | 3.0 bps | 23.8 bps | 100% | 37th | $0.0029 | 85.5% |
| nonmarketable_limit | $5k–$10k • ODD | 4,599,156 | 156,926,586 | 0.3% | 99.8% | 2.7 bps | 26.6 bps | 99% | 13th | $0.0652 | 99.4% |
| nonmarketable_limit | $5k–$10k • ROUND | 102,192,658 | 10,835,152,156 | 0.1% | 99.6% | 3.3 bps | 31.0 bps | 100% | 65th | $0.0066 | 84.3% |
| nonmarketable_limit | $10k–$20k • ODD | 3,477,309 | 174,511,569 | 0.2% | 99.8% | 2.8 bps | 24.5 bps | 100% | 22nd | $0.1110 | 99.3% |
| nonmarketable_limit | $10k–$20k • ROUND | 152,169,660 | 17,699,870,766 | 0.1% | 99.8% | 4.2 bps | 39.7 bps | 100% | 63rd | $0.0215 | 84.7% |
| nonmarketable_limit | $20k–$50k • ODD | 1,388,450 | 71,208,276 | 0.2% | 99.8% | 2.8 bps | 12.7 bps | 99% | 16th | $0.2218 | 99.6% |
| nonmarketable_limit | $20k–$50k • ROUND | 245,509,546 | 34,268,260,866 | 0.1% | 99.7% | 3.9 bps | 42.5 bps | 100% | 63rd | $0.0367 | 86.5% |
| nonmarketable_limit | $50k–$200k • ODD | 12,765 | 432,253 | 0.4% | 100.0% | 2.0 bps | 3.4 bps | 100% | 5th | $0.7987 | 99.9% |
| nonmarketable_limit | $50k–$200k • ROUND | 165,070,706 | 43,275,038,112 | 0.0% | 99.8% | 4.0 bps | 33.8 bps | 99% | 69th | $0.0863 | 93.0% |
| nonmarketable_limit | ≥$200k • ROUND | 6,558,453 | 2,709,633,867 | 0.0% | 99.3% | 4.1 bps | 31.8 bps | 82% | 78th | $0.0856 | 93.1% |
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 |
|---|---|---|---|---|---|
| TSBSH202607.dat | 202607 | detailed | stored | 2026-10-01T02:17:50.081+00:00 | File Link ↗ |
| TSBSH202607.zip | 202607 | detailed | variant | File Link ↗ | |
| CGWM202608.csv | 202608 | summary | stored | 2026-09-30T21:17:20.841225692+00:00 | File Link ↗ |
| SBSH202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:20.841231803+00:00 | File Link ↗ |
| CGWM202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:20.841233677+00:00 | File Link ↗ |
| SBSH202608.csv | 202608 | summary | stored | 2026-09-30T21:17:20.841235150+00:00 | File Link ↗ |
| ONEC202608.csv | 202608 | summary | stored | 2026-09-30T21:17:20.841236642+00:00 | File Link ↗ |
| ONEC202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:20.841238115+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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