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Rule 605 Market Center Scorecard
Goldman Sachs & Co LLC
Status: ACTIVE
Generated: Thu, 15 Oct 2026 22:42:34 GMT
Quarter:2026Q3
Covered Orders2,299,487,989Across all reported tiers
Covered Shares842,987,893,983In Q3 2026
Active Tiers56Order class × notional buckets
Routing Brokers1Disclosed 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 Lot | 7,242,897 | 70,235,373 | 21.2% | 7.2% | 1.1 bps | 1.3 bps | 99% | 21st | $0.0194 | 99.8% |
| Marketable Limit | <$250 • Round Lot | 872,037 | 182,280,503 | 6.4% | 9.8% | 1.6 bps | -0.5 bps | 98% | 25th | $0.0088 | 99.8% |
| Marketable Limit | $250–$999 • Odd Lot | 3,423,946 | 90,814,978 | 24.9% | 9.0% | 0.9 bps | 0.3 bps | 97% | 25th | $0.0264 | 99.9% |
| Marketable Limit | $250–$999 • Round Lot | 2,222,511 | 568,231,739 | 7.8% | 5.7% | 0.7 bps | -2.2 bps | 99% | 21st | $0.0124 | 99.7% |
| Marketable Limit | $1k–$5k • Odd Lot | 2,999,678 | 135,307,626 | 20.2% | 14.9% | 1.0 bps | 0.0 bps | 97% | 30th | $0.0524 | 100.0% |
| Marketable Limit | $1k–$5k • Round Lot | 9,636,647 | 2,181,915,888 | 8.3% | 8.3% | 0.5 bps | -1.2 bps | 99% | 23rd | $0.0189 | 99.8% |
| Marketable Limit | $5k–$10k • Odd Lot | 587,505 | 35,202,212 | 18.8% | 23.5% | 1.0 bps | -0.7 bps | 93% | 40th | $0.1134 | 100.0% |
| Marketable Limit | $5k–$10k • Round Lot | 5,338,383 | 1,698,521,325 | 6.1% | 11.8% | 0.5 bps | -0.7 bps | 97% | 27th | $0.0313 | 99.9% |
| Marketable Limit | $10k–$20k • Odd Lot | 178,640 | 11,461,994 | 21.9% | 27.8% | 0.9 bps | -0.4 bps | 90% | 41st | $0.1948 | 100.0% |
| Marketable Limit | $10k–$20k • Round Lot | 5,290,580 | 2,566,358,538 | 3.8% | 14.5% | 0.5 bps | -0.9 bps | 95% | 30th | $0.0470 | 99.8% |
| Marketable Limit | $20k–$50k • Odd Lot | 28,499 | 2,216,392 | 15.8% | 29.9% | 0.8 bps | 0.3 bps | 88% | 38th | $0.3258 | 100.0% |
| Marketable Limit | $20k–$50k • Round Lot | 4,300,896 | 3,772,750,630 | 2.3% | 16.5% | 0.6 bps | -0.9 bps | 93% | 37th | $0.0604 | 99.2% |
| Marketable Limit | $50k–$200k • Round Lot | 1,778,177 | 4,337,312,860 | 1.4% | 16.0% | 0.5 bps | -0.9 bps | 88% | 47th | $0.0558 | 98.4% |
| Marketable Limit | ≥$200k • Round Lot | 556,436 | 13,078,127,157 | 0.2% | 11.1% | 0.3 bps | -0.7 bps | 80% | 82nd | $0.0335 | 97.0% |
| Non-Marketable Limit | <$250 • Odd Lot | 108,994,647 | 900,450,218 | 2.6% | 99.9% | 13.0 bps | 59.8 bps | 100% | 22nd | $0.0210 | 98.1% |
| Non-Marketable Limit | <$250 • Round Lot | 17,453,272 | 2,662,246,698 | 0.4% | 99.9% | 38.1 bps | 88.5 bps | 100% | 33rd | $0.0016 | 93.7% |
| Non-Marketable Limit | $250–$999 • Odd Lot | 63,230,667 | 1,202,525,885 | 3.6% | 99.7% | 10.9 bps | 43.4 bps | 100% | 30th | $0.0204 | 99.0% |
| Non-Marketable Limit | $250–$999 • Round Lot | 69,661,204 | 11,554,823,299 | 0.4% | 99.8% | 16.4 bps | 59.2 bps | 100% | 8th | $0.0029 | 95.8% |
| Non-Marketable Limit | $1k–$5k • Odd Lot | 68,534,977 | 2,096,062,059 | 3.4% | 99.6% | 9.4 bps | 38.7 bps | 100% | 37th | $0.0372 | 99.5% |
| Non-Marketable Limit | $1k–$5k • Round Lot | 398,114,829 | 70,242,035,023 | 0.3% | 99.6% | 9.2 bps | 53.6 bps | 100% | 13th | $0.0092 | 94.7% |
| Non-Marketable Limit | $5k–$10k • Odd Lot | 17,480,766 | 911,156,607 | 2.2% | 99.7% | 8.0 bps | 36.9 bps | 100% | 43rd | $0.0819 | 99.4% |
| Non-Marketable Limit | $5k–$10k • Round Lot | 282,063,820 | 64,552,261,621 | 0.2% | 99.6% | 7.5 bps | 48.2 bps | 100% | 19th | $0.0209 | 95.8% |
| Non-Marketable Limit | $10k–$20k • Odd Lot | 9,555,811 | 575,783,370 | 1.5% | 99.7% | 7.8 bps | 30.0 bps | 100% | 37th | $0.1268 | 99.4% |
| Non-Marketable Limit | $10k–$20k • Round Lot | 281,590,517 | 84,872,765,736 | 0.1% | 99.6% | 6.6 bps | 42.5 bps | 99% | 23rd | $0.0315 | 96.3% |
| Non-Marketable Limit | $20k–$50k • Odd Lot | 1,520,443 | 96,665,520 | 1.2% | 99.7% | 8.1 bps | 17.1 bps | 100% | 30th | $0.1722 | 99.1% |
| Non-Marketable Limit | $20k–$50k • Round Lot | 238,765,363 | 116,185,473,103 | 0.1% | 99.7% | 6.3 bps | 37.4 bps | 99% | 22nd | $0.0408 | 96.1% |
| Non-Marketable Limit | $50k–$200k • Round Lot | 108,304,801 | 149,171,101,490 | 0.0% | 99.6% | 5.0 bps | 30.2 bps | 98% | 19th | $0.0416 | 94.8% |
| Non-Marketable Limit | ≥$200k • Round Lot | 13,473,813 | 214,093,910,176 | 0.0% | 99.6% | 3.2 bps | 21.8 bps | 90% | 17th | $0.0199 | 87.0% |
| Marketable Limit | <$250 • Odd Lot | 690,087 | 1,583,771 | 35.3% | 14.4% | 0.6 bps | 0.2 bps | 100% | 37th | $0.0269 | 99.9% |
| Marketable Limit | $250–$999 • Odd Lot | 1,066,096 | 7,354,115 | 28.4% | 14.2% | 0.7 bps | -0.1 bps | 100% | 39th | $0.0363 | 99.9% |
| Marketable Limit | $250–$999 • Round Lot | 3,123 | 313,108 | 20.3% | 5.0% | 0.2 bps | -1.3 bps | 100% | 35th | $0.0098 | 99.9% |
| Marketable Limit | $1k–$5k • Odd Lot | 1,691,471 | 42,136,063 | 21.9% | 14.3% | 0.5 bps | -0.9 bps | 100% | 31st | $0.0434 | 100.0% |
| Marketable Limit | $1k–$5k • Round Lot | 1,073,642 | 90,141,519 | 17.4% | 6.7% | 0.1 bps | -1.5 bps | 100% | 24th | $0.0126 | 100.0% |
| Marketable Limit | $5k–$10k • Odd Lot | 623,352 | 25,278,027 | 23.0% | 20.1% | 0.5 bps | -1.2 bps | 100% | 33rd | $0.0731 | 100.0% |
| Marketable Limit | $5k–$10k • Round Lot | 1,836,559 | 232,543,667 | 13.3% | 8.3% | 0.1 bps | -1.3 bps | 100% | 22nd | $0.0191 | 100.0% |
| Marketable Limit | $10k–$20k • Odd Lot | 337,321 | 17,208,252 | 23.2% | 26.5% | 0.6 bps | -0.9 bps | 99% | 37th | $0.1267 | 100.0% |
| Marketable Limit | $10k–$20k • Round Lot | 3,973,725 | 461,990,537 | 11.5% | 15.3% | 0.2 bps | -1.1 bps | 100% | 29th | $0.0522 | 100.0% |
| Marketable Limit | $20k–$50k • Odd Lot | 185,443 | 9,778,929 | 14.4% | 26.7% | 0.5 bps | -0.1 bps | 99% | 36th | $0.2378 | 100.0% |
| Marketable Limit | $20k–$50k • Round Lot | 3,824,905 | 674,087,321 | 8.6% | 17.9% | 0.3 bps | -1.3 bps | 100% | 28th | $0.0832 | 100.0% |
| Marketable Limit | $50k–$200k • Odd Lot | 2,074 | 76,760 | 8.5% | 43.4% | 0.5 bps | 1.0 bps | 90% | 43rd | $0.6971 | 100.0% |
| Marketable Limit | $50k–$200k • Round Lot | 1,762,730 | 855,904,702 | 4.5% | 22.1% | 0.4 bps | -0.9 bps | 100% | 34th | $0.0995 | 100.0% |
| Marketable Limit | ≥$200k • Round Lot | 198,959 | 498,460,062 | 2.2% | 23.3% | 0.3 bps | -1.2 bps | 87% | 68th | $0.1196 | 100.0% |
| Non-Marketable Limit | <$250 • Odd Lot | 6,846,394 | 13,453,111 | 8.7% | 99.8% | 4.0 bps | 23.4 bps | 100% | 41st | $0.0148 | 98.6% |
| Non-Marketable Limit | $250–$999 • Odd Lot | 11,831,395 | 70,139,425 | 6.4% | 99.8% | 4.1 bps | 22.0 bps | 100% | 55th | $0.0214 | 98.7% |
| Non-Marketable Limit | $250–$999 • Round Lot | 16,650 | 1,667,728 | 3.4% | 100.0% | 6.2 bps | 43.3 bps | 100% | 34th | $-0.0000 | 93.5% |
| Non-Marketable Limit | $1k–$5k • Odd Lot | 29,850,891 | 544,008,834 | 4.1% | 99.6% | 4.6 bps | 21.0 bps | 100% | 62nd | $0.0173 | 98.9% |
| Non-Marketable Limit | $1k–$5k • Round Lot | 14,877,650 | 1,551,579,752 | 1.0% | 99.7% | 2.2 bps | 15.0 bps | 100% | 12th | $0.0010 | 98.3% |
| Non-Marketable Limit | $5k–$10k • Odd Lot | 10,237,720 | 317,579,231 | 4.9% | 99.6% | 4.3 bps | 21.5 bps | 100% | 57th | $0.0262 | 99.4% |
| Non-Marketable Limit | $5k–$10k • Round Lot | 55,814,598 | 6,245,699,120 | 0.5% | 99.5% | 2.6 bps | 21.9 bps | 100% | 30th | $0.0056 | 97.1% |
| Non-Marketable Limit | $10k–$20k • Odd Lot | 6,117,145 | 282,787,284 | 4.3% | 99.7% | 4.2 bps | 18.8 bps | 100% | 58th | $0.0528 | 99.7% |
| Non-Marketable Limit | $10k–$20k • Round Lot | 114,218,136 | 13,774,926,209 | 0.4% | 99.7% | 3.4 bps | 30.0 bps | 100% | 47th | $0.0282 | 97.6% |
| Non-Marketable Limit | $20k–$50k • Odd Lot | 2,377,633 | 110,455,935 | 3.4% | 99.8% | 4.1 bps | 10.0 bps | 100% | 59th | $0.1072 | 99.9% |
| Non-Marketable Limit | $20k–$50k • Round Lot | 183,032,003 | 29,888,431,059 | 0.2% | 99.7% | 3.3 bps | 31.6 bps | 100% | 46th | $0.0456 | 97.9% |
| Non-Marketable Limit | $50k–$200k • Odd Lot | 31,348 | 1,104,765 | 2.6% | 100.0% | 3.5 bps | 2.6 bps | 99% | 30th | $0.1935 | 100.0% |
| Non-Marketable Limit | $50k–$200k • Round Lot | 120,501,175 | 36,588,379,587 | 0.1% | 99.7% | 3.0 bps | 22.8 bps | 100% | 39th | $0.0568 | 99.1% |
| Non-Marketable Limit | ≥$200k • Round Lot | 3,264,002 | 2,832,827,090 | 0.3% | 99.6% | 2.8 bps | 22.7 bps | 98% | 43rd | $0.0479 | 99.1% |
2. Broker-Dealers Routing Here (Reverse 606 Index) — 9-
Firms directing customer order flow to this market center under SEC Rule 606(a), with route percentages and PFOF rates.
| Broker-Dealer | CRD | Section | Route % | Mkt % | Limit % | PFOF Mkt (¢/100) | PFOF Mkt ($) | Action |
|---|---|---|---|---|---|---|---|---|
| GENW | 120894 | sp500 | 2.4% | 2.5% | 0.0% | 0.00 ¢ | $0.00 | Firm Review → |
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 |
|---|---|---|---|---|---|
| TSGMT202607.zip | 202607 | detailed | stored | 2026-10-01T00:17:44.751+00:00 | File Link ↗ |
| TGSCO202607.zip | 202607 | detailed | stored | 2026-10-01T00:17:46.418+00:00 | File Link ↗ |
| TSGMT202608.zip | 202608 | detailed | stored | 2026-09-30T21:30:44.375252129+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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