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Rule 605 Market Center Scorecard
RBC CAPITAL MARKETS, LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:33:39 GMT
Quarter:2026Q3
Covered Orders115Across all reported tiers
Covered Shares11,292,511In Q3 2026
Active Tiers9Order 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 | ≥$200k • ROUND | 1 | 22,500 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ROUND | 5 | 1,175 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 2 | 7,754 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 4 | 37,263 | — | — | — | — | — | — | — | — |
| marketable_limit | ≥$200k • ROUND | 66 | 8,520,294 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | ≥$200k • ROUND | 1 | 31,973 | — | — | — | — | — | — | — | — |
| market | ≥$200k • ROUND | 2 | 1,000 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 15 | 8,055 | — | — | — | — | — | — | — | — |
| marketable_limit | ≥$200k • ROUND | 19 | 2,662,497 | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| RBCM202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:20.841419882+00:00 | File Link ↗ |
| RBCC202608.csv | 202608 | summary | stored | 2026-09-30T21:17:20.841420954+00:00 | File Link ↗ |
| RBCC202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:20.841422066+00:00 | File Link ↗ |
| RBCM202608.csv | 202608 | summary | stored | 2026-09-30T21:17:20.841423539+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
9
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 RBC CAPITAL MARKETS, LLC? See which competing venues beat it on your symbol mix → Enter your Firm CRD