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Rule 605 Market Center Scorecard
CITIGROUP GLOBAL MARKETS INC.
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:32:20 GMT
Quarter:2026Q3
Covered Orders554,633Across all reported tiers
Covered Shares365,140,508In Q3 2026
Active Tiers54Order 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 | 18,821 | 97,385 | 19.7% | 72.0% | 7.1 bps | — | 0% | 67th | $0.0144 | 100.0% |
| marketable_limit | <$250 • ROUND | 155 | 21,024 | 14.4% | 23.9% | 8.4 bps | — | 0% | 48th | $0.0032 | 100.0% |
| marketable_limit | $250–$999 • ODD | 27,057 | 508,980 | 17.5% | 82.9% | 2.4 bps | 0.8 bps | 0% | 45th | $0.0137 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 1,450 | 267,097 | 5.9% | 35.1% | 6.8 bps | — | 0% | 51st | $0.0097 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 14,159 | 745,006 | 16.1% | 56.4% | 0.9 bps | -2.8 bps | 10% | 29th | $0.0515 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 33,097 | 5,123,604 | 8.9% | 40.2% | 2.5 bps | -2.4 bps | 58% | 46th | $0.0043 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 5,015 | 337,315 | 11.9% | 50.2% | 1.0 bps | -4.1 bps | 17% | 39th | $0.1419 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 47,044 | 10,012,413 | 6.9% | 39.9% | 1.6 bps | -1.7 bps | 63% | 47th | $0.0065 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 2,084 | 106,499 | 9.1% | 31.8% | 0.6 bps | — | 0% | 29th | $0.3229 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 53,968 | 18,540,022 | 5.4% | 35.4% | 1.3 bps | -1.3 bps | 50% | 53rd | $0.0070 | 99.8% |
| marketable_limit | $20k–$50k • ODD | 154 | 12,677 | 7.6% | 36.2% | 0.9 bps | — | 0% | 39th | $0.4533 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 67,921 | 45,663,306 | 2.4% | 28.5% | 0.8 bps | -0.5 bps | 26% | 45th | $0.0150 | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 21,798 | 54,921,832 | 4.6% | 29.7% | 0.8 bps | -0.4 bps | 4% | 55th | $0.0267 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 5,339 | 114,462,349 | 4.3% | 38.1% | 1.1 bps | -0.5 bps | 2% | 92nd | $0.1674 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 598 | 2,631 | 6.0% | 100.0% | 15.5 bps | — | 0% | 29th | $0.0000 | 100.0% |
| nonmarketable_limit | <$250 • ROUND | 2 | 200 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 840 | 10,951 | 3.0% | 100.0% | 4.8 bps | — | 0% | 5th | $0.0000 | 100.0% |
| nonmarketable_limit | $250–$999 • ROUND | 32 | 5,297 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 1,222 | 66,987 | 3.1% | 100.0% | 3.6 bps | — | 0% | 1st | $0.0017 | 100.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 5,759 | 650,238 | 1.2% | 100.0% | 4.4 bps | — | 0% | 2nd | $-0.0006 | 100.0% |
| nonmarketable_limit | $5k–$10k • ODD | 1,529 | 75,231 | 1.8% | 100.0% | 2.4 bps | — | 0% | 3rd | $-0.0007 | 100.0% |
| nonmarketable_limit | $5k–$10k • ROUND | 10,893 | 1,291,712 | 1.1% | 100.0% | 3.5 bps | — | 0% | 4th | $0.0002 | 100.0% |
| nonmarketable_limit | $10k–$20k • ODD | 193 | 13,854 | 2.6% | 100.0% | 2.6 bps | — | 0% | 3rd | $0.0000 | 100.0% |
| nonmarketable_limit | $10k–$20k • ROUND | 6,665 | 1,098,377 | 1.2% | 100.0% | 2.4 bps | — | 0% | 2nd | $-0.0007 | 100.0% |
| nonmarketable_limit | $20k–$50k • ODD | 18 | 1,456 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ROUND | 3,837 | 1,352,964 | 0.3% | 100.0% | 2.2 bps | — | 0% | 3rd | $0.0027 | 100.0% |
| nonmarketable_limit | $50k–$200k • ROUND | 1,808 | 5,346,688 | 0.1% | 100.0% | 2.3 bps | — | 0% | 6th | $0.0000 | 100.0% |
| nonmarketable_limit | ≥$200k • ROUND | 828 | 8,660,256 | 0.0% | 100.0% | 8.9 bps | — | 0% | 78th | $0.0000 | 100.0% |
| marketable_limit | <$250 • ODD | 7,412 | 11,892 | 26.2% | 89.3% | 8.3 bps | — | 0% | 100th | $0.0059 | 100.0% |
| marketable_limit | $250–$999 • ODD | 14,200 | 88,421 | 26.7% | 91.1% | 2.3 bps | — | 0% | 79th | $0.0107 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 12,390 | 396,006 | 27.9% | 83.6% | 1.0 bps | -2.7 bps | 13% | 39th | $0.0227 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 6,274 | 635,861 | 27.2% | 95.2% | 1.6 bps | -2.3 bps | 83% | 71st | $0.0005 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 21,234 | 853,348 | 16.7% | 83.3% | 1.0 bps | -2.6 bps | 42% | 39th | $0.0315 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 25,693 | 3,181,928 | 20.2% | 79.7% | 1.1 bps | -1.1 bps | 82% | 66th | $0.0016 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 6,330 | 391,767 | 14.9% | 74.3% | 0.9 bps | -4.9 bps | 19% | 41st | $0.0754 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 38,382 | 6,874,926 | 16.0% | 65.7% | 1.1 bps | -1.2 bps | 76% | 46th | $0.0041 | 100.0% |
| marketable_limit | $20k–$50k • ODD | 1,750 | 109,701 | 10.4% | 59.6% | 0.8 bps | -0.5 bps | 1% | 39th | $0.2501 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 45,830 | 11,895,494 | 14.1% | 70.7% | 1.8 bps | -0.8 bps | 58% | 72nd | $0.0101 | 100.0% |
| marketable_limit | $50k–$200k • ODD | 12 | 422 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 14,087 | 8,974,024 | 19.4% | 68.4% | 2.0 bps | -1.3 bps | 8% | 86th | $0.0326 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 4,750 | 57,402,048 | 11.9% | 44.7% | 1.3 bps | -1.3 bps | 2% | 92nd | $0.1019 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 149 | 225 | 13.3% | 100.0% | 12.3 bps | — | 0% | 93rd | $0.0000 | 100.0% |
| nonmarketable_limit | $250–$999 • ODD | 395 | 1,508 | 5.8% | 100.0% | 5.0 bps | — | 0% | 71st | $-0.0000 | 100.0% |
| nonmarketable_limit | $1k–$5k • ODD | 783 | 19,856 | 11.6% | 100.0% | 2.1 bps | — | 0% | 5th | $-0.0023 | 100.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 271 | 26,687 | 14.1% | 100.0% | 3.3 bps | — | 0% | 44th | $-0.0003 | 100.0% |
| nonmarketable_limit | $5k–$10k • ODD | 3,939 | 129,761 | 5.4% | 100.0% | 2.0 bps | — | 0% | 5th | $-0.0011 | 100.0% |
| nonmarketable_limit | $5k–$10k • ROUND | 3,476 | 361,587 | 4.8% | 100.0% | 2.2 bps | — | 0% | 13th | $-0.0003 | 100.0% |
| nonmarketable_limit | $10k–$20k • ODD | 701 | 41,268 | 5.4% | 100.0% | 1.3 bps | — | 0% | 3rd | $-0.0004 | 100.0% |
| nonmarketable_limit | $10k–$20k • ROUND | 6,867 | 695,132 | 2.9% | 100.0% | 1.9 bps | — | 0% | 7th | $-0.0011 | 100.0% |
| nonmarketable_limit | $20k–$50k • ODD | 240 | 13,465 | 4.3% | 100.0% | 1.5 bps | — | 0% | 5th | $0.0000 | 100.0% |
| nonmarketable_limit | $20k–$50k • ROUND | 6,201 | 724,827 | 3.0% | 100.0% | 1.6 bps | — | 0% | 10th | $-0.0004 | 100.0% |
| nonmarketable_limit | $50k–$200k • ODD | 2 | 73 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $50k–$200k • ROUND | 664 | 246,558 | 4.1% | 100.0% | 2.2 bps | — | 0% | 12th | $-0.0003 | 100.0% |
| nonmarketable_limit | ≥$200k • ROUND | 315 | 2,667,372 | 0.6% | 100.0% | 1.9 bps | — | 0% | 15th | $0.0000 | 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
5
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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