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Rule 605 Market Center Scorecard
CASH APP INVESTING LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 18:32:48 GMT
Quarter:2026Q3
Covered Orders2,781,694Across all reported tiers
Covered Shares25,325,829In Q3 2026
Active Tiers31Order 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 | 188,594 | 40,686 | 0.0% | 99.6% | 3.0 bps | 12.1 bps | 60% | 68th | $0.0153 | 100.0% |
| market | <$250 • ODD | 781,512 | 2,772,627 | — | 95.4% | 4.3 bps | — | — | 23rd | — | 100.0% |
| market | <$250 • ROUND | 2,770 | 501,117 | — | 59.0% | 10.5 bps | — | — | 13th | — | 100.0% |
| market | $250–$999 • FRACT | 1,017 | 651 | — | 99.7% | 1.1 bps | — | — | 61st | — | 99.9% |
| market | $250–$999 • ODD | 177,750 | 1,766,138 | — | 96.3% | 3.7 bps | — | — | 23rd | — | 100.0% |
| market | $250–$999 • ROUND | 11,495 | 2,977,246 | — | 82.8% | 8.3 bps | — | — | 19th | — | 100.0% |
| market | $1k–$5k • FRACT | 36 | 25 | — | — | — | — | — | — | — | — |
| market | $1k–$5k • ODD | 35,884 | 884,611 | — | 95.9% | 3.6 bps | — | — | 35th | — | 100.0% |
| market | $1k–$5k • ROUND | 16,218 | 8,131,091 | — | 79.2% | 5.7 bps | — | — | 38th | — | 100.0% |
| market | $5k–$10k • ODD | 2,150 | 99,848 | — | 96.8% | 2.4 bps | — | — | 23rd | — | 100.0% |
| market | $5k–$10k • ROUND | 2,902 | 3,250,854 | — | 69.1% | 4.5 bps | — | — | 45th | — | 100.0% |
| market | $10k–$20k • ODD | 460 | 30,263 | — | 96.4% | 2.5 bps | — | — | 30th | — | 100.0% |
| market | $10k–$20k • ROUND | 1,053 | 1,848,702 | — | 57.5% | 3.0 bps | — | — | 41st | — | 99.8% |
| market | $20k–$50k • ODD | 17 | 1,190 | — | — | — | — | — | — | — | — |
| market | $20k–$50k • ROUND | 282 | 749,881 | — | 37.8% | 1.1 bps | — | — | 17th | — | 100.0% |
| market | $50k–$200k • ROUND | 31 | 186,057 | — | — | — | — | — | — | — | — |
| market | <$250 • FRACT | 369,454 | 32,595 | 0.0% | 99.6% | 1.3 bps | 0.9 bps | 100% | 23rd | $0.1269 | 100.0% |
| market | <$250 • ODD | 449,762 | 501,436 | — | 99.4% | 1.3 bps | — | — | 11th | — | 100.0% |
| market | $250–$999 • FRACT | 9,502 | 5,357 | — | 99.4% | 1.7 bps | — | — | 33rd | — | 100.0% |
| market | $250–$999 • ODD | 613,995 | 780,401 | — | 97.9% | 1.4 bps | — | — | 12th | — | 100.0% |
| market | $1k–$5k • FRACT | 884 | 700 | — | 98.7% | 1.9 bps | — | — | 21st | — | 100.0% |
| market | $1k–$5k • ODD | 109,333 | 426,855 | — | 96.9% | 1.6 bps | — | — | 20th | — | 100.0% |
| market | $1k–$5k • ROUND | 279 | 38,312 | — | 92.8% | 1.3 bps | — | — | 20th | — | 100.0% |
| market | $5k–$10k • ODD | 4,427 | 99,058 | — | 97.2% | 1.6 bps | — | — | 19th | — | 100.0% |
| market | $5k–$10k • ROUND | 293 | 57,601 | — | 93.2% | 1.2 bps | — | — | 21st | — | 100.0% |
| market | $10k–$20k • ODD | 1,066 | 38,220 | — | 97.8% | 1.5 bps | — | — | 16th | — | 99.9% |
| market | $10k–$20k • ROUND | 243 | 46,733 | — | 93.0% | 1.3 bps | — | — | 20th | — | 100.0% |
| market | $20k–$50k • ODD | 90 | 4,282 | — | — | — | — | — | — | — | — |
| market | $20k–$50k • ROUND | 161 | 41,812 | — | 92.0% | 1.4 bps | — | — | 28th | — | 100.0% |
| market | $50k–$200k • ODD | 2 | 65 | — | — | — | — | — | — | — | — |
| market | $50k–$200k • ROUND | 32 | 11,412 | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| TPTG202608.csv | 202608 | summary | stored | 2026-09-30T21:17:20.841270818+00:00 | File Link ↗ |
| TPTG202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:20.841272932+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
6
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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