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Rule 605 Market Center Scorecard
PNC WEALTH MANAGEMENT LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:29:11 GMT
Quarter:2026Q3
Covered Orders82,848Across all reported tiers
Covered Shares9,413,380In Q3 2026
Active Tiers90Order 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 • FRACT | 10,987 | 4,304 | 96.9% | 98.3% | 2.4 bps | 2.1 bps | 65% | 55th | $0.0000 | 99.9% |
| market | <$250 • ODD | 6,483 | 28,627 | 0.5% | 98.3% | 6.0 bps | 1.6 bps | 6% | 43rd | $-0.0014 | 100.0% |
| market | <$250 • ROUND | 24 | 5,891 | — | — | — | — | — | — | — | — |
| market | $250–$999 • FRACT | 254 | 166 | 87.0% | 96.0% | 1.2 bps | 0.2 bps | 48% | 70th | $-0.0022 | 100.0% |
| market | $250–$999 • ODD | 9,626 | 103,946 | 0.2% | 98.0% | 5.2 bps | 1.7 bps | 1% | 47th | $-0.0042 | 100.0% |
| market | $250–$999 • ROUND | 248 | 45,971 | 0.0% | 96.4% | 15.7 bps | — | 0% | 54th | $0.0017 | 100.0% |
| market | $1k–$5k • ODD | 8,735 | 238,953 | 0.1% | 97.5% | 3.9 bps | 0.8 bps | 14% | 46th | $-0.0043 | 100.0% |
| market | $1k–$5k • ROUND | 1,573 | 408,503 | 0.0% | 95.6% | 8.5 bps | — | 0% | 66th | $-0.0002 | 99.9% |
| market | $5k–$10k • ODD | 1,589 | 77,549 | 0.1% | 95.8% | 3.2 bps | — | 0% | 43rd | $-0.0465 | 100.0% |
| market | $5k–$10k • ROUND | 1,568 | 485,175 | 0.0% | 90.5% | 4.9 bps | — | 0% | 56th | $-0.0051 | 99.8% |
| market | $10k–$20k • ODD | 464 | 24,554 | 0.1% | 97.2% | 3.1 bps | — | 0% | 38th | $-0.0098 | 99.8% |
| market | $10k–$20k • ROUND | 1,748 | 825,381 | 0.0% | 90.3% | 4.9 bps | — | 0% | 80th | $-0.0093 | 99.9% |
| market | $20k–$50k • ODD | 42 | 2,747 | — | — | — | — | — | — | — | — |
| market | $20k–$50k • ROUND | 1,711 | 1,552,047 | 0.0% | 85.6% | 5.0 bps | — | 0% | 88th | $-0.0127 | 99.9% |
| market | $50k–$200k • ROUND | 722 | 1,378,706 | 0.0% | 73.2% | 4.0 bps | — | 0% | 89th | $-0.0368 | 100.0% |
| market | ≥$200k • ROUND | 92 | 811,794 | — | — | — | — | — | — | — | — |
| marketable_limit | <$250 • FRACT | 24 | 8 | — | — | — | — | — | — | — | — |
| marketable_limit | <$250 • ODD | 77 | 559 | — | — | — | — | — | — | — | — |
| marketable_limit | <$250 • ROUND | 3 | 333 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • FRACT | 1 | 1 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ODD | 80 | 1,437 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ROUND | 14 | 2,688 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 104 | 2,855 | 0.2% | 93.4% | 3.3 bps | — | 0% | 70th | $-0.0099 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 74 | 31,506 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ODD | 19 | 619 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ROUND | 61 | 101,154 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ODD | 9 | 609 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ROUND | 60 | 108,176 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ODD | 2 | 73 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 85 | 173,195 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 32 | 86,662 | — | — | — | — | — | — | — | — |
| marketable_limit | ≥$200k • ROUND | 20 | 545,832 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • FRACT | 12 | 4 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • ODD | 192 | 1,640 | 0.2% | 100.0% | 181.7 bps | — | 0% | 96th | — | 27.8% |
| nonmarketable_limit | <$250 • ROUND | 2 | 200 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • FRACT | 2 | 1 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 190 | 3,733 | 0.1% | 100.0% | 48.2 bps | — | 0% | 96th | $0.0000 | 35.8% |
| nonmarketable_limit | $250–$999 • ROUND | 13 | 1,870 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 195 | 4,929 | 0.0% | 100.0% | 21.2 bps | — | 0% | 84th | $0.0100 | 48.2% |
| nonmarketable_limit | $1k–$5k • ROUND | 120 | 38,035 | 0.0% | 100.0% | 20.6 bps | — | 0% | 40th | — | 22.7% |
| nonmarketable_limit | $5k–$10k • ODD | 63 | 2,007 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $5k–$10k • ROUND | 107 | 64,615 | 0.0% | 100.0% | 10.8 bps | — | 0% | 32nd | — | 15.1% |
| nonmarketable_limit | $10k–$20k • ODD | 30 | 1,453 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ROUND | 83 | 104,516 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ROUND | 160 | 411,679 | 0.0% | 100.0% | 12.0 bps | — | 0% | 63rd | — | 9.6% |
| nonmarketable_limit | $50k–$200k • ROUND | 55 | 203,689 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | ≥$200k • ROUND | 11 | 149,364 | — | — | — | — | — | — | — | — |
| market | <$250 • FRACT | 6,943 | 1,313 | 96.7% | 98.8% | 4.3 bps | 3.8 bps | 38% | 87th | $0.0017 | 100.0% |
| market | <$250 • ODD | 3,900 | 7,379 | 0.3% | 98.4% | 3.7 bps | — | 0% | 83rd | $-0.0046 | 100.0% |
| market | $250–$999 • FRACT | 480 | 340 | 94.6% | 98.1% | 4.0 bps | 3.1 bps | 76% | 85th | $0.0043 | 100.0% |
| market | $250–$999 • ODD | 10,463 | 45,419 | 0.1% | 98.6% | 4.1 bps | 0.7 bps | 12% | 89th | $-0.0079 | 100.0% |
| market | $1k–$5k • ODD | 7,553 | 104,640 | 0.2% | 97.7% | 3.8 bps | 1.6 bps | 13% | 87th | $-0.0167 | 99.9% |
| market | $1k–$5k • ROUND | 196 | 25,885 | 0.0% | 98.5% | 2.4 bps | — | 0% | 93rd | $-0.0012 | 99.6% |
| market | $5k–$10k • ODD | 1,589 | 49,255 | 0.1% | 97.6% | 3.6 bps | — | 0% | 84th | $0.0039 | 99.9% |
| market | $5k–$10k • ROUND | 305 | 56,243 | 0.0% | 99.4% | 2.2 bps | — | 0% | 89th | $-0.0002 | 100.0% |
| market | $10k–$20k • ODD | 719 | 30,958 | 0.1% | 96.1% | 3.9 bps | — | 0% | 87th | $-0.0294 | 100.0% |
| market | $10k–$20k • ROUND | 485 | 83,153 | 0.0% | 96.9% | 3.0 bps | — | 0% | 87th | $-0.0180 | 100.0% |
| market | $20k–$50k • ODD | 162 | 7,249 | 0.1% | 93.3% | 4.3 bps | — | 0% | 88th | $-0.0777 | 100.0% |
| market | $20k–$50k • ROUND | 779 | 166,123 | 0.0% | 98.5% | 3.5 bps | — | 0% | 92nd | $-0.0088 | 100.0% |
| market | $50k–$200k • ODD | 1 | 37 | — | — | — | — | — | — | — | — |
| market | $50k–$200k • ROUND | 426 | 277,657 | 0.0% | 93.9% | 3.2 bps | — | 0% | 85th | $-0.0009 | 99.9% |
| market | ≥$200k • ROUND | 66 | 343,074 | — | — | — | — | — | — | — | — |
| marketable_limit | <$250 • FRACT | 13 | 1 | — | — | — | — | — | — | — | — |
| marketable_limit | <$250 • ODD | 11 | 19 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • FRACT | 1 | 0 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • ODD | 47 | 242 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 58 | 1,094 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ROUND | 5 | 550 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ODD | 26 | 846 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ROUND | 5 | 1,120 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ODD | 19 | 831 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ROUND | 22 | 4,478 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ODD | 11 | 393 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 40 | 12,156 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 22 | 14,752 | — | — | — | — | — | — | — | — |
| marketable_limit | ≥$200k • ROUND | 5 | 29,450 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • FRACT | 5 | 1 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • ODD | 64 | 116 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • FRACT | 3 | 1 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 135 | 514 | 0.2% | 100.0% | 1.7 bps | — | 0% | 4th | — | 51.0% |
| nonmarketable_limit | $1k–$5k • ODD | 195 | 2,803 | 0.1% | 100.0% | 6.9 bps | — | 0% | 84th | $0.0870 | 55.4% |
| nonmarketable_limit | $1k–$5k • ROUND | 10 | 1,020 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $5k–$10k • ODD | 95 | 2,853 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $5k–$10k • ROUND | 8 | 1,655 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ODD | 60 | 2,422 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ROUND | 40 | 4,862 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ODD | 17 | 555 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ROUND | 44 | 16,456 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $50k–$200k • ROUND | 42 | 37,496 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | ≥$200k • ROUND | 12 | 40,213 | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| PNCC202608.csv | 202608 | summary | stored | 2026-09-30T21:17:20.841354147+00:00 | File Link ↗ |
| PNCC202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:20.841355349+00:00 | File Link ↗ |
| PNCC202608.csv | 202608 | summary | stored | 2026-10-01T08:17:57.325+00:00 | File Link ↗ |
| PNCC202608.zip | 202608 | detailed | stored | 2026-10-01T08:17:58.487+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
55
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.
Does your firm route to PNC WEALTH MANAGEMENT LLC? See which competing venues beat it on your symbol mix → Enter your Firm CRD