TRADE-PMR INC.

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

Status: ACTIVE

Generated: Wed, 14 Oct 2026 18:31:34 GMT

Quarter:2026Q3

Covered Orders218,747Across all reported tiers

Covered Shares31,980,541In Q3 2026

Active Tiers78Order 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 • FRACT	1	0	—	—	—	—	—	—	—	—
market	<$250 • ODD	5,865	17,256	—	98.8%	3.9 bps	—	—	19th	—	100.0%
market	<$250 • ROUND	7	1,115	—	—	—	—	—	—	—	—
market	$250–$999 • ODD	9,802	99,324	—	98.6%	3.9 bps	—	—	26th	—	100.0%
market	$250–$999 • ROUND	83	14,380	—	—	—	—	—	—	—	—
market	$1k–$5k • ODD	12,205	371,582	—	97.9%	2.9 bps	—	—	27th	—	100.0%
market	$1k–$5k • ROUND	1,529	336,091	—	98.5%	5.0 bps	—	—	31st	—	100.0%
market	$5k–$10k • ODD	2,541	131,312	—	97.8%	3.1 bps	—	—	39th	—	100.0%
market	$5k–$10k • ROUND	2,352	610,591	—	96.9%	3.2 bps	—	—	28th	—	100.0%
market	$10k–$20k • ODD	700	39,286	—	97.5%	2.1 bps	—	—	16th	—	100.0%
market	$10k–$20k • ROUND	2,927	973,571	—	97.7%	2.3 bps	—	—	34th	—	100.0%
market	$20k–$50k • ODD	75	4,179	—	—	—	—	—	—	—	—
market	$20k–$50k • ROUND	2,942	1,776,378	—	94.3%	1.8 bps	—	—	33rd	—	99.9%
market	$50k–$200k • ROUND	1,452	2,445,153	—	91.8%	1.8 bps	—	—	47th	—	96.2%
market	≥$200k • ROUND	465	5,042,017	—	52.8%	0.1 bps	—	—	59th	—	79.7%
marketable_limit	<$250 • ODD	3,743	9,979	—	0.0%	-7.5 bps	—	—	6th	—	100.0%
marketable_limit	$250–$999 • ODD	8,049	96,013	—	0.2%	-10.8 bps	—	—	6th	—	100.0%
marketable_limit	$250–$999 • ROUND	79	10,312	—	—	—	—	—	—	—	—
marketable_limit	$1k–$5k • ODD	11,887	362,804	—	0.2%	-10.4 bps	—	—	6th	—	100.0%
marketable_limit	$1k–$5k • ROUND	1,655	346,575	—	8.4%	-20.5 bps	—	—	4th	—	100.0%
marketable_limit	$5k–$10k • ODD	2,715	150,085	—	0.2%	-9.0 bps	—	—	7th	—	100.0%
marketable_limit	$5k–$10k • ROUND	2,189	563,371	—	9.9%	-10.1 bps	—	—	6th	—	99.4%
marketable_limit	$10k–$20k • ODD	667	38,546	—	0.6%	-10.5 bps	—	—	6th	—	100.0%
marketable_limit	$10k–$20k • ROUND	2,898	1,068,879	—	5.5%	-11.3 bps	—	—	5th	—	99.2%
marketable_limit	$20k–$50k • ODD	53	3,588	—	—	—	—	—	—	—	—
marketable_limit	$20k–$50k • ROUND	2,529	1,814,675	—	5.6%	-10.0 bps	—	—	5th	—	98.0%
marketable_limit	$50k–$200k • ROUND	1,316	2,900,850	—	10.7%	-9.5 bps	—	—	2nd	—	95.9%
marketable_limit	≥$200k • ROUND	107	1,164,041	—	6.1%	-12.6 bps	—	—	1st	—	87.9%
nonmarketable_limit	<$250 • ODD	6,847	19,658	—	100.0%	4.9 bps	—	—	3rd	—	100.0%
nonmarketable_limit	$250–$999 • ODD	10,247	113,562	—	100.0%	4.7 bps	—	—	4th	—	100.0%
nonmarketable_limit	$250–$999 • ROUND	53	6,996	—	—	—	—	—	—	—	—
nonmarketable_limit	$1k–$5k • ODD	12,979	375,424	—	100.0%	4.3 bps	—	—	5th	—	99.5%
nonmarketable_limit	$1k–$5k • ROUND	2,023	393,113	—	100.0%	2.2 bps	—	—	1st	—	97.1%
nonmarketable_limit	$5k–$10k • ODD	2,696	140,453	—	100.0%	3.9 bps	—	—	9th	—	99.5%
nonmarketable_limit	$5k–$10k • ROUND	1,857	521,502	—	100.0%	2.7 bps	—	—	1st	—	89.8%
nonmarketable_limit	$10k–$20k • ODD	806	50,302	—	100.0%	5.4 bps	—	—	16th	—	96.6%
nonmarketable_limit	$10k–$20k • ROUND	2,635	834,480	—	100.0%	2.2 bps	—	—	1st	—	88.6%
nonmarketable_limit	$20k–$50k • ODD	81	6,576	—	—	—	—	—	—	—	—
nonmarketable_limit	$20k–$50k • ROUND	2,176	1,259,651	—	100.0%	2.2 bps	—	—	2nd	—	88.4%
nonmarketable_limit	$50k–$200k • ROUND	917	1,947,667	—	100.0%	2.3 bps	—	—	5th	—	82.4%
nonmarketable_limit	≥$200k • ROUND	100	747,418	—	100.0%	1.5 bps	—	—	7th	—	74.6%
market	<$250 • ODD	3,756	5,408	—	99.1%	3.0 bps	—	—	64th	—	100.0%
market	$250–$999 • ODD	11,733	36,850	—	99.1%	3.0 bps	—	—	70th	—	100.0%
market	$1k–$5k • ODD	14,416	176,482	—	98.8%	3.2 bps	—	—	76th	—	100.0%
market	$1k–$5k • ROUND	125	13,384	—	100.0%	1.8 bps	—	—	54th	—	100.0%
market	$5k–$10k • ODD	3,858	109,977	—	99.0%	3.0 bps	—	—	71st	—	100.0%
market	$5k–$10k • ROUND	311	48,752	—	98.8%	1.7 bps	—	—	64th	—	100.0%
market	$10k–$20k • ODD	1,754	71,952	—	98.6%	3.1 bps	—	—	74th	—	100.0%
market	$10k–$20k • ROUND	967	130,708	—	99.0%	2.6 bps	—	—	77th	—	100.0%
market	$20k–$50k • ODD	305	15,031	—	99.0%	4.0 bps	—	—	83rd	—	100.0%
market	$20k–$50k • ROUND	1,811	371,627	—	99.1%	2.7 bps	—	—	76th	—	100.0%
market	$50k–$200k • ROUND	954	434,660	—	96.5%	2.5 bps	—	—	61st	—	100.0%
market	≥$200k • ROUND	334	1,543,311	—	55.0%	1.0 bps	—	—	56th	—	97.2%
marketable_limit	<$250 • ODD	2,092	3,079	—	0.0%	-13.8 bps	—	—	1st	—	100.0%
marketable_limit	$250–$999 • ODD	9,116	34,383	—	0.0%	-11.4 bps	—	—	1st	—	100.0%
marketable_limit	$1k–$5k • ODD	12,181	181,469	—	0.0%	-11.3 bps	—	—	5th	—	100.0%
marketable_limit	$1k–$5k • ROUND	124	11,925	—	3.5%	-19.6 bps	—	—	0th	—	100.0%
marketable_limit	$5k–$10k • ODD	2,962	96,896	—	0.8%	-9.9 bps	—	—	5th	—	100.0%
marketable_limit	$5k–$10k • ROUND	407	61,965	—	5.2%	-11.7 bps	—	—	0th	—	100.0%
marketable_limit	$10k–$20k • ODD	1,270	53,002	—	0.4%	-8.1 bps	—	—	6th	—	100.0%
marketable_limit	$10k–$20k • ROUND	894	159,529	—	6.4%	-10.7 bps	—	—	4th	—	100.0%
marketable_limit	$20k–$50k • ODD	230	10,369	—	0.2%	-6.6 bps	—	—	6th	—	100.0%
marketable_limit	$20k–$50k • ROUND	1,095	267,117	—	7.0%	-8.9 bps	—	—	5th	—	100.0%
marketable_limit	$50k–$200k • ROUND	626	300,647	—	3.9%	-5.6 bps	—	—	4th	—	98.0%
marketable_limit	≥$200k • ROUND	100	208,403	—	6.2%	-5.5 bps	—	—	8th	—	100.0%
nonmarketable_limit	<$250 • ODD	1,517	2,193	—	100.0%	3.1 bps	—	—	11th	—	100.0%
nonmarketable_limit	$250–$999 • ODD	6,165	18,814	—	100.0%	3.0 bps	—	—	14th	—	100.0%
nonmarketable_limit	$1k–$5k • ODD	9,308	110,801	—	100.0%	3.0 bps	—	—	13th	—	99.8%
nonmarketable_limit	$1k–$5k • ROUND	44	2,693	—	—	—	—	—	—	—	—
nonmarketable_limit	$5k–$10k • ODD	2,678	77,091	—	100.0%	2.8 bps	—	—	14th	—	99.7%
nonmarketable_limit	$5k–$10k • ROUND	203	27,277	—	100.0%	1.1 bps	—	—	0th	—	97.9%
nonmarketable_limit	$10k–$20k • ODD	1,106	47,452	—	100.0%	2.7 bps	—	—	16th	—	99.1%
nonmarketable_limit	$10k–$20k • ROUND	792	100,631	—	100.0%	2.1 bps	—	—	11th	—	96.7%
nonmarketable_limit	$20k–$50k • ODD	157	8,203	—	100.0%	3.5 bps	—	—	37th	—	98.9%
nonmarketable_limit	$20k–$50k • ROUND	789	170,220	—	100.0%	2.6 bps	—	—	20th	—	97.9%
nonmarketable_limit	$50k–$200k • ODD	2	74	—	—	—	—	—	—	—	—
nonmarketable_limit	$50k–$200k • ROUND	272	160,916	—	100.0%	2.7 bps	—	—	28th	—	91.3%
nonmarketable_limit	≥$200k • ROUND	43	98,497	—	—	—	—	—	—	—	—

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
TPMR202608.zip	202608	detailed	stored	2026-09-30T21:27:25.064164858+00:00	File Link ↗
TPMR202608.csv	202608	summary	stored	2026-09-30T21:27:25.064166271+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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