UBS FINANCIAL SERVICES INC.

Reporter ID: PWJC • Quarter: 2026Q3 • Methodology: exq-2

Status: ACTIVE

Generated: Wed, 14 Oct 2026 18:30:46 GMT

Quarter:2026Q3

Covered Orders1,564,140Across all reported tiers

Covered Shares593,026,707In Q3 2026

Active Tiers82Order 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	97,362	353,083	—	93.2%	5.4 bps	—	—	36th	—	100.0%
market	<$250 • ROUND	108	59,142	—	81.2%	34.2 bps	—	—	76th	—	83.6%
market	$250–$999 • ODD	161,590	1,992,032	—	93.0%	5.3 bps	—	—	51st	—	100.0%
market	$250–$999 • ROUND	2,092	407,274	—	95.1%	11.5 bps	—	—	28th	—	100.0%
market	$1k–$5k • ODD	175,914	5,340,107	—	91.9%	4.5 bps	—	—	61st	—	99.9%
market	$1k–$5k • ROUND	30,308	6,845,978	—	93.5%	6.5 bps	—	—	48th	—	99.7%
market	$5k–$10k • ODD	37,836	1,848,868	—	91.5%	4.0 bps	—	—	66th	—	100.0%
market	$5k–$10k • ROUND	34,987	10,377,812	—	92.2%	4.2 bps	—	—	44th	—	99.7%
market	$10k–$20k • ODD	12,602	685,824	—	92.2%	4.2 bps	—	—	61st	—	99.9%
market	$10k–$20k • ROUND	45,223	17,756,442	—	90.1%	3.6 bps	—	—	47th	—	99.2%
market	$20k–$50k • ODD	1,111	70,202	—	90.6%	3.5 bps	—	—	50th	—	99.7%
market	$20k–$50k • ROUND	49,507	35,627,611	—	84.2%	3.1 bps	—	—	53rd	—	97.4%
market	$50k–$200k • ROUND	30,679	61,597,060	—	72.5%	1.8 bps	—	—	49th	—	91.9%
market	≥$200k • ROUND	10,204	156,347,677	—	41.3%	-3.4 bps	—	—	10th	—	46.4%
marketable_limit	<$250 • ODD	23	130	—	—	—	—	—	—	—	—
marketable_limit	<$250 • ROUND	7	21,650	—	—	—	—	—	—	—	—
marketable_limit	$250–$999 • ODD	113	1,857	—	90.8%	3.9 bps	—	—	62nd	—	100.0%
marketable_limit	$250–$999 • ROUND	10	3,981	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ODD	250	8,057	—	90.3%	3.6 bps	—	—	72nd	—	98.4%
marketable_limit	$1k–$5k • ROUND	189	351,647	—	75.6%	19.1 bps	—	—	99th	—	97.8%
marketable_limit	$5k–$10k • ODD	72	3,718	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ROUND	307	522,736	—	66.0%	6.6 bps	—	—	81st	—	81.2%
marketable_limit	$10k–$20k • ODD	30	1,528	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ROUND	470	960,201	—	52.7%	5.5 bps	—	—	85th	—	81.5%
marketable_limit	$20k–$50k • ODD	1	80	—	—	—	—	—	—	—	—
marketable_limit	$20k–$50k • ROUND	814	2,701,385	—	56.9%	5.1 bps	—	—	93rd	—	84.3%
marketable_limit	$50k–$200k • ROUND	1,080	9,021,699	—	43.6%	0.5 bps	—	—	46th	—	69.6%
marketable_limit	≥$200k • ROUND	934	79,848,551	—	30.1%	1.3 bps	—	—	93rd	—	25.2%
nonmarketable_limit	<$250 • ODD	25	124	—	—	—	—	—	—	—	—
nonmarketable_limit	<$250 • ROUND	4	800	—	—	—	—	—	—	—	—
nonmarketable_limit	$250–$999 • ODD	120	2,453	—	100.0%	20.3 bps	—	—	71st	—	29.6%
nonmarketable_limit	$250–$999 • ROUND	47	13,711	—	—	—	—	—	—	—	—
nonmarketable_limit	$1k–$5k • ODD	820	32,224	—	100.0%	15.5 bps	—	—	67th	—	47.2%
nonmarketable_limit	$1k–$5k • ROUND	570	338,827	—	100.0%	73.6 bps	—	—	91st	—	29.1%
nonmarketable_limit	$5k–$10k • ODD	345	17,390	—	100.0%	16.1 bps	—	—	77th	—	40.2%
nonmarketable_limit	$5k–$10k • ROUND	670	642,074	—	100.0%	29.4 bps	—	—	88th	—	20.9%
nonmarketable_limit	$10k–$20k • ODD	106	5,309	—	100.0%	29.2 bps	—	—	90th	—	47.8%
nonmarketable_limit	$10k–$20k • ROUND	1,176	1,186,822	—	100.0%	22.7 bps	—	—	85th	—	24.1%
nonmarketable_limit	$20k–$50k • ODD	24	1,183	—	—	—	—	—	—	—	—
nonmarketable_limit	$20k–$50k • ROUND	1,548	3,386,348	—	100.0%	22.3 bps	—	—	88th	—	35.1%
nonmarketable_limit	$50k–$200k • ROUND	1,380	7,202,073	—	100.0%	29.9 bps	—	—	96th	—	25.3%
nonmarketable_limit	≥$200k • ROUND	802	81,959,758	—	100.0%	50.8 bps	—	—	97th	—	12.4%
market	<$250 • ODD	66,005	110,216	—	94.4%	2.8 bps	—	—	55th	—	100.0%
market	$250–$999 • ODD	219,442	905,230	—	94.3%	2.9 bps	—	—	60th	—	100.0%
market	$250–$999 • ROUND	4	420	—	—	—	—	—	—	—	—
market	$1k–$5k • ODD	291,491	4,204,254	—	94.0%	2.8 bps	—	—	62nd	—	100.0%
market	$1k–$5k • ROUND	5,194	633,596	—	96.6%	1.8 bps	—	—	44th	—	99.8%
market	$5k–$10k • ODD	88,619	2,826,629	—	94.0%	2.8 bps	—	—	59th	—	99.9%
market	$5k–$10k • ROUND	10,958	1,823,054	—	96.3%	1.7 bps	—	—	54th	—	99.8%
market	$10k–$20k • ODD	43,665	1,923,409	—	94.2%	2.9 bps	—	—	68th	—	99.9%
market	$10k–$20k • ROUND	30,368	4,654,101	—	95.6%	2.1 bps	—	—	51st	—	99.8%
market	$20k–$50k • ODD	7,914	395,183	—	94.3%	3.4 bps	—	—	72nd	—	99.8%
market	$20k–$50k • ROUND	51,265	10,537,563	—	94.8%	2.3 bps	—	—	62nd	—	99.2%
market	$50k–$200k • ODD	15	631	—	—	—	—	—	—	—	—
market	$50k–$200k • ROUND	31,166	15,926,738	—	92.9%	2.2 bps	—	—	48th	—	99.1%
market	≥$200k • ROUND	10,402	48,825,023	—	54.6%	-2.3 bps	—	—	0th	—	63.6%
marketable_limit	<$250 • ODD	3	3	—	—	—	—	—	—	—	—
marketable_limit	$250–$999 • ODD	57	181	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ODD	225	3,416	—	93.4%	2.6 bps	—	—	85th	—	100.0%
marketable_limit	$1k–$5k • ROUND	7	748	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ODD	133	4,249	—	96.4%	2.3 bps	—	—	77th	—	100.0%
marketable_limit	$5k–$10k • ROUND	15	2,286	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ODD	68	3,620	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ROUND	75	14,996	—	—	—	—	—	—	—	—
marketable_limit	$20k–$50k • ODD	30	1,611	—	—	—	—	—	—	—	—
marketable_limit	$20k–$50k • ROUND	181	48,151	—	84.3%	2.9 bps	—	—	96th	—	99.7%
marketable_limit	$50k–$200k • ODD	1	35	—	—	—	—	—	—	—	—
marketable_limit	$50k–$200k • ROUND	290	246,490	—	82.4%	2.5 bps	—	—	92nd	—	96.4%
marketable_limit	≥$200k • ROUND	416	5,674,184	—	36.4%	1.0 bps	—	—	88th	—	46.5%
nonmarketable_limit	<$250 • ODD	18	18	—	—	—	—	—	—	—	—
nonmarketable_limit	$250–$999 • ODD	174	531	—	100.0%	4.2 bps	—	—	58th	—	36.4%
nonmarketable_limit	$1k–$5k • ODD	876	12,101	—	100.0%	5.7 bps	—	—	75th	—	41.1%
nonmarketable_limit	$1k–$5k • ROUND	29	3,598	—	—	—	—	—	—	—	—
nonmarketable_limit	$5k–$10k • ODD	549	17,537	—	100.0%	6.3 bps	—	—	83rd	—	48.5%
nonmarketable_limit	$5k–$10k • ROUND	55	10,742	—	—	—	—	—	—	—	—
nonmarketable_limit	$10k–$20k • ODD	369	17,477	—	100.0%	5.0 bps	—	—	71st	—	48.8%
nonmarketable_limit	$10k–$20k • ROUND	315	48,069	—	100.0%	11.6 bps	—	—	92nd	—	35.2%
nonmarketable_limit	$20k–$50k • ODD	101	5,202	—	100.0%	6.1 bps	—	—	84th	—	44.8%
nonmarketable_limit	$20k–$50k • ROUND	729	144,175	—	100.0%	3.8 bps	—	—	61st	—	41.2%
nonmarketable_limit	$50k–$200k • ODD	1	39	—	—	—	—	—	—	—	—
nonmarketable_limit	$50k–$200k • ROUND	798	515,935	—	100.0%	5.2 bps	—	—	87th	—	35.6%
nonmarketable_limit	≥$200k • ROUND	657	5,939,838	—	100.0%	11.3 bps	—	—	94th	—	23.7%

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
PWJC202608.zip	202608	detailed	stored	2026-09-30T21:17:20.841377211+00:00	File Link ↗
PWJC202608.csv	202608	summary	stored	2026-09-30T21:17:20.841378303+00:00	File Link ↗
PWJC202608.zip	202608	detailed	stored	2026-10-01T09:17:51.522+00:00	File Link ↗
PWJC202608.csv	202608	summary	stored	2026-10-01T09:17:55.761+00:00	File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells

Tiers with < 100 covered orders

Missing Files

Months unretrievable

Methodological 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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