SOFI SECURITIES LLC

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

Status: ACTIVE

Generated: Wed, 14 Oct 2026 19:30:03 GMT

Quarter:2026Q3

Covered Orders648,699Across all reported tiers

Covered Shares98,912,454In Q3 2026

Active Tiers77Order 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	222,449	1,728,666	—	85.1%	8.7 bps	—	—	65th	—	99.9%
market	<$250 • ROUND	4,609	668,764	—	79.7%	22.8 bps	—	—	44th	—	99.9%
market	$250–$999 • ODD	86,854	1,624,041	—	84.3%	5.9 bps	—	—	61st	—	99.9%
market	$250–$999 • ROUND	18,171	3,867,007	—	78.5%	13.2 bps	—	—	38th	—	99.9%
market	$1k–$5k • ODD	45,577	1,324,610	—	84.5%	4.5 bps	—	—	59th	—	99.9%
market	$1k–$5k • ROUND	35,684	14,262,991	—	75.4%	6.4 bps	—	—	45th	—	99.9%
market	$5k–$10k • ODD	5,884	267,350	—	86.4%	3.5 bps	—	—	50th	—	99.9%
market	$5k–$10k • ROUND	13,139	10,301,124	—	68.6%	3.5 bps	—	—	33rd	—	99.9%
market	$10k–$20k • ODD	1,647	96,669	—	86.8%	3.8 bps	—	—	52nd	—	99.9%
market	$10k–$20k • ROUND	10,877	11,434,459	—	60.4%	2.0 bps	—	—	26th	—	99.3%
market	$20k–$50k • ODD	118	7,784	—	91.4%	3.2 bps	—	—	48th	—	100.0%
market	$20k–$50k • ROUND	8,597	17,447,905	—	50.8%	0.5 bps	—	—	7th	—	97.2%
market	$50k–$200k • ROUND	3,656	15,322,498	—	43.4%	-1.0 bps	—	—	7th	—	96.4%
market	≥$200k • ROUND	649	11,693,560	—	31.1%	-4.1 bps	—	—	7th	—	74.2%
marketable_limit	<$250 • ODD	24,926	28,545	—	73.3%	7.1 bps	—	—	65th	—	99.7%
marketable_limit	<$250 • ROUND	58	24,093	—	—	—	—	—	—	—	—
marketable_limit	$250–$999 • ODD	190	2,892	—	93.0%	3.9 bps	—	—	61st	—	100.0%
marketable_limit	$250–$999 • ROUND	59	64,860	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ODD	52	1,773	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ROUND	88	285,248	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ODD	8	471	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ROUND	23	21,351	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ODD	3	120	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ROUND	14	67,000	—	—	—	—	—	—	—	—
marketable_limit	$20k–$50k • ROUND	25	471,412	—	—	—	—	—	—	—	—
marketable_limit	$50k–$200k • ROUND	7	173,505	—	—	—	—	—	—	—	—
marketable_limit	≥$200k • ROUND	38	198,435	—	—	—	—	—	—	—	—
nonmarketable_limit	<$250 • ODD	13,497	30,879	—	100.0%	22.9 bps	—	—	48th	—	35.5%
nonmarketable_limit	<$250 • ROUND	197	55,407	—	100.0%	55.0 bps	—	—	46th	—	49.8%
nonmarketable_limit	$250–$999 • ODD	1,641	21,354	—	100.0%	9.1 bps	—	—	19th	—	31.8%
nonmarketable_limit	$250–$999 • ROUND	275	135,728	—	100.0%	48.3 bps	—	—	49th	—	43.7%
nonmarketable_limit	$1k–$5k • ODD	537	14,538	—	100.0%	10.4 bps	—	—	42nd	—	46.1%
nonmarketable_limit	$1k–$5k • ROUND	603	777,881	—	100.0%	215.8 bps	—	—	100th	—	39.3%
nonmarketable_limit	$5k–$10k • ODD	51	2,378	—	—	—	—	—	—	—	—
nonmarketable_limit	$5k–$10k • ROUND	197	366,745	—	100.0%	19.5 bps	—	—	67th	—	54.8%
nonmarketable_limit	$10k–$20k • ODD	23	1,395	—	—	—	—	—	—	—	—
nonmarketable_limit	$10k–$20k • ROUND	149	332,147	—	100.0%	82.0 bps	—	—	96th	—	31.8%
nonmarketable_limit	$20k–$50k • ROUND	156	570,863	—	100.0%	4.3 bps	—	—	9th	—	19.2%
nonmarketable_limit	$50k–$200k • ROUND	67	264,326	—	—	—	—	—	—	—	—
nonmarketable_limit	≥$200k • ROUND	54	548,883	—	—	—	—	—	—	—	—
market	<$250 • ODD	27,519	47,115	—	87.6%	1.9 bps	—	—	27th	—	99.9%
market	$250–$999 • ODD	45,436	162,182	—	87.7%	2.2 bps	—	—	30th	—	99.9%
market	$250–$999 • ROUND	1	100	—	—	—	—	—	—	—	—
market	$1k–$5k • ODD	40,769	438,024	—	88.1%	2.3 bps	—	—	36th	—	100.0%
market	$1k–$5k • ROUND	956	108,927	—	82.9%	1.4 bps	—	—	27th	—	99.9%
market	$5k–$10k • ODD	9,401	232,935	—	88.5%	2.3 bps	—	—	33rd	—	100.0%
market	$5k–$10k • ROUND	1,059	177,221	—	81.4%	1.1 bps	—	—	20th	—	100.0%
market	$10k–$20k • ODD	4,240	147,765	—	88.8%	2.1 bps	—	—	28th	—	99.9%
market	$10k–$20k • ROUND	2,430	386,638	—	79.4%	1.7 bps	—	—	29th	—	99.9%
market	$20k–$50k • ODD	1,784	59,249	—	90.7%	2.6 bps	—	—	28th	—	99.9%
market	$20k–$50k • ROUND	4,553	949,872	—	79.9%	1.3 bps	—	—	27th	—	100.0%
market	$50k–$200k • ODD	74	2,410	—	—	—	—	—	—	—	—
market	$50k–$200k • ROUND	2,252	969,411	—	78.4%	1.2 bps	—	—	26th	—	100.0%
market	≥$200k • ROUND	470	643,449	—	65.8%	0.6 bps	—	—	41st	—	90.4%
marketable_limit	<$250 • ODD	207	229	—	86.0%	1.9 bps	—	—	70th	—	100.0%
marketable_limit	$250–$999 • ODD	242	336	—	89.7%	1.9 bps	—	—	66th	—	100.0%
marketable_limit	$1k–$5k • ODD	158	775	—	90.6%	2.6 bps	—	—	86th	—	99.9%
marketable_limit	$1k–$5k • ROUND	1	100	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ODD	17	528	—	—	—	—	—	—	—	—
marketable_limit	$5k–$10k • ROUND	3	270	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ODD	9	399	—	—	—	—	—	—	—	—
marketable_limit	$10k–$20k • ROUND	7	1,374	—	—	—	—	—	—	—	—
marketable_limit	$20k–$50k • ROUND	19	7,330	—	—	—	—	—	—	—	—
marketable_limit	$50k–$200k • ROUND	3	756	—	—	—	—	—	—	—	—
marketable_limit	≥$200k • ROUND	1	250	—	—	—	—	—	—	—	—
nonmarketable_limit	<$250 • ODD	2,050	2,226	—	100.0%	5.6 bps	—	—	73rd	—	55.1%
nonmarketable_limit	$250–$999 • ODD	2,919	4,280	—	100.0%	5.4 bps	—	—	81st	—	57.6%
nonmarketable_limit	$1k–$5k • ODD	905	4,746	—	100.0%	3.7 bps	—	—	35th	—	56.2%
nonmarketable_limit	$1k–$5k • ROUND	25	3,064	—	—	—	—	—	—	—	—
nonmarketable_limit	$5k–$10k • ODD	96	2,262	—	—	—	—	—	—	—	—
nonmarketable_limit	$5k–$10k • ROUND	27	4,853	—	—	—	—	—	—	—	—
nonmarketable_limit	$10k–$20k • ODD	54	1,842	—	—	—	—	—	—	—	—
nonmarketable_limit	$10k–$20k • ROUND	44	6,142	—	—	—	—	—	—	—	—
nonmarketable_limit	$20k–$50k • ODD	12	403	—	—	—	—	—	—	—	—
nonmarketable_limit	$20k–$50k • ROUND	71	14,245	—	—	—	—	—	—	—	—
nonmarketable_limit	$50k–$200k • ROUND	22	8,150	—	—	—	—	—	—	—	—
nonmarketable_limit	≥$200k • ROUND	14	12,939	—	—	—	—	—	—	—	—

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
SOFI202608.zip	202608	detailed	stored	2026-09-30T21:17:20.841363996+00:00	File Link ↗
SOFI202608.csv	202608	summary	stored	2026-09-30T21:17:20.841362994+00:00	File Link ↗
SOFI202608.zip	202608	detailed	stored	2026-09-30T21:23:46.642762434+00:00	File Link ↗
SOFI202608.csv	202608	summary	stored	2026-09-30T21:23:46.642763576+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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