STASH CAPITAL LLC

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

Status: ACTIVE

Generated: Wed, 14 Oct 2026 19:28:57 GMT

Quarter:2026Q3

Covered Orders426,679Across all reported tiers

Covered Shares5,494,514In Q3 2026

Active Tiers27Order 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	293,932	694,505	—	84.0%	8.6 bps	—	—	64th	—	97.6%
market	<$250 • ROUND	689	144,222	—	63.2%	14.8 bps	—	—	26th	—	99.1%
market	$250–$999 • ODD	36,288	371,336	—	85.5%	7.4 bps	—	—	82nd	—	96.8%
market	$250–$999 • ROUND	1,541	374,875	—	74.4%	8.3 bps	—	—	17th	—	98.1%
market	$1k–$5k • ODD	11,152	314,805	—	81.2%	4.3 bps	—	—	55th	—	96.3%
market	$1k–$5k • ROUND	2,293	835,430	—	74.3%	4.5 bps	—	—	26th	—	96.6%
market	$5k–$10k • ODD	1,220	62,141	—	79.4%	2.4 bps	—	—	20th	—	93.9%
market	$5k–$10k • ROUND	1,074	421,038	—	69.7%	2.3 bps	—	—	19th	—	98.0%
market	$10k–$20k • ODD	304	16,109	—	84.3%	2.4 bps	—	—	23rd	—	92.0%
market	$10k–$20k • ROUND	956	559,622	—	54.4%	1.5 bps	—	—	18th	—	98.2%
market	$20k–$50k • ODD	58	3,193	—	—	—	—	—	—	—	—
market	$20k–$50k • ROUND	673	539,551	—	59.0%	0.1 bps	—	—	4th	—	96.7%
market	$50k–$200k • ROUND	386	481,883	—	70.7%	0.6 bps	—	—	27th	—	97.8%
market	≥$200k • ROUND	53	129,500	—	—	—	—	—	—	—	—
market	<$250 • ODD	39,340	50,649	—	88.5%	4.0 bps	—	—	88th	—	98.0%
market	$250–$999 • ODD	24,582	67,760	—	88.6%	4.3 bps	—	—	92nd	—	97.5%
market	$1k–$5k • ODD	8,730	103,067	—	87.8%	3.2 bps	—	—	75th	—	96.3%
market	$1k–$5k • ROUND	185	27,792	—	87.6%	1.8 bps	—	—	56th	—	95.7%
market	$5k–$10k • ODD	1,429	39,240	—	87.7%	3.1 bps	—	—	76th	—	97.5%
market	$5k–$10k • ROUND	118	21,656	—	82.0%	1.2 bps	—	—	25th	—	98.0%
market	$10k–$20k • ODD	561	20,747	—	86.4%	1.7 bps	—	—	21st	—	98.7%
market	$10k–$20k • ROUND	278	42,259	—	79.7%	1.1 bps	—	—	12th	—	97.6%
market	$20k–$50k • ODD	117	5,782	—	85.3%	1.6 bps	—	—	8th	—	99.5%
market	$20k–$50k • ROUND	452	65,396	—	85.1%	0.8 bps	—	—	3rd	—	99.2%
market	$50k–$200k • ODD	2	71	—	—	—	—	—	—	—	—
market	$50k–$200k • ROUND	250	82,894	—	79.7%	0.9 bps	—	—	15th	—	97.9%
market	≥$200k • ROUND	16	18,991	—	—	—	—	—	—	—	—

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
STSH202608.zip	202608	detailed	stored	2026-09-30T21:17:20.841369276+00:00	File Link ↗
STSH202608.csv	202608	summary	stored	2026-09-30T21:17:20.841370458+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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