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Rule 605 Market Center Scorecard

OPEN TO THE PUBLIC INVESTING, INC.

Reporter ID: TTSI • Quarter: 2026Q3 • Methodology: exq-2
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:29:53 GMT
Quarter:2026Q3
Covered Orders2,710,425Across all reported tiers
Covered Shares366,583,082In Q3 2026
Active Tiers80Order 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.

ClassNotional × LotOrdersCovered ShFill RatePI RateNPI (bps)Peer Bench (bps)CoverageRank PctlEff SpreadSpeed <1s
market<$250 • ODD1,409,6203,746,785—79.0%13.0 bps——88th—99.8%
market<$250 • ROUND12,9833,964,750—54.3%20.9 bps——41st—99.6%
market$250–$999 • ODD145,7361,652,461—86.1%8.2 bps——86th—99.9%
market$250–$999 • ROUND13,0839,046,149—45.8%15.8 bps——57th—99.7%
market$1k–$5k • ODD58,7171,950,648—73.3%3.9 bps——47th—100.0%
market$1k–$5k • ROUND21,30414,752,172—54.5%6.3 bps——44th—99.8%
market$5k–$10k • ODD4,932212,446—88.3%4.2 bps——69th—100.0%
market$5k–$10k • ROUND6,4906,250,628—61.0%3.8 bps——39th—99.7%
market$10k–$20k • ODD1,28569,628—89.2%4.0 bps——55th—100.0%
market$10k–$20k • ROUND5,2026,490,136—62.0%2.3 bps——33rd—99.4%
market$20k–$50k • ODD1278,178—91.2%4.3 bps——67th—100.0%
market$20k–$50k • ROUND4,5807,556,902—61.9%1.7 bps——29th—99.6%
market$50k–$200k • ROUND1,8385,052,493—60.0%0.8 bps——30th—98.9%
market≥$200k • ROUND134557,237—51.0%-3.0 bps——13th—100.0%
marketable_limit<$250 • ODD17,09688,729—79.9%58.2 bps——100th—99.8%
marketable_limit<$250 • ROUND983351,638—48.4%14.0 bps——61st—98.9%
marketable_limit$250–$999 • ODD1,89546,638—84.3%8.2 bps——90th—100.0%
marketable_limit$250–$999 • ROUND1,2261,027,124—42.9%13.8 bps——72nd—99.9%
marketable_limit$1k–$5k • ODD91132,289—84.4%4.5 bps——84th—100.0%
marketable_limit$1k–$5k • ROUND2,0342,455,313—42.4%5.0 bps——60th—98.9%
marketable_limit$5k–$10k • ODD1306,143—83.2%1.4 bps——51st—100.0%
marketable_limit$5k–$10k • ROUND9203,106,285—32.1%2.8 bps——58th—97.8%
marketable_limit$10k–$20k • ODD291,682————————
marketable_limit$10k–$20k • ROUND1,3618,276,393—23.4%-0.4 bps——10th—97.2%
marketable_limit$20k–$50k • ODD4313————————
marketable_limit$20k–$50k • ROUND5,12249,141,856—20.6%0.5 bps——38th—98.6%
marketable_limit$50k–$200k • ROUND9,233115,363,356—12.9%0.1 bps——27th—98.4%
marketable_limit≥$200k • ROUND9079,287,579—32.1%0.2 bps——76th—98.3%
nonmarketable_limit<$250 • ODD350,643884,520—100.0%301.8 bps——100th—62.9%
nonmarketable_limit<$250 • ROUND5,8331,879,512—100.0%90.2 bps——83rd—53.8%
nonmarketable_limit$250–$999 • ODD6,125166,002—100.0%33.1 bps——93rd—45.2%
nonmarketable_limit$250–$999 • ROUND4,7983,195,822—100.0%85.0 bps——89th—44.7%
nonmarketable_limit$1k–$5k • ODD3,589111,984—100.0%11.8 bps——48th—46.1%
nonmarketable_limit$1k–$5k • ROUND5,8509,491,902—100.0%41.9 bps——86th—39.9%
nonmarketable_limit$5k–$10k • ODD44520,149—100.0%8.5 bps——44th—59.5%
nonmarketable_limit$5k–$10k • ROUND2,1893,575,630—100.0%26.7 bps——82nd—38.1%
nonmarketable_limit$10k–$20k • ODD1407,897—100.0%7.7 bps——35th—56.9%
nonmarketable_limit$10k–$20k • ROUND2,1976,199,391—100.0%29.0 bps——89th—44.9%
nonmarketable_limit$20k–$50k • ODD4300————————
nonmarketable_limit$20k–$50k • ROUND4,23323,791,700—100.0%11.7 bps——62nd—44.6%
nonmarketable_limit$50k–$200k • ROUND6,46360,008,753—100.0%5.8 bps——29th—29.3%
nonmarketable_limit≥$200k • ROUND3562,977,284—100.0%3.4 bps——18th—20.7%
market<$250 • ODD194,515224,526—91.5%3.0 bps——65th—100.0%
market$250–$999 • ODD295,002431,539—92.0%3.0 bps——71st—100.0%
market$1k–$5k • ODD67,853449,916—90.6%3.0 bps——67th—100.0%
market$1k–$5k • ROUND79095,851—85.8%1.5 bps——29th—99.8%
market$5k–$10k • ODD6,929157,689—91.5%2.7 bps——53rd—100.0%
market$5k–$10k • ROUND48791,495—84.8%1.4 bps——33rd—100.0%
market$10k–$20k • ODD2,89292,906—90.3%2.3 bps——34th—100.0%
market$10k–$20k • ROUND1,123171,097—85.4%2.0 bps——36th—100.0%
market$20k–$50k • ODD84730,523—91.9%2.8 bps——37th—100.0%
market$20k–$50k • ROUND1,888352,435—86.3%1.7 bps——34th—100.0%
market$50k–$200k • ODD17599————————
market$50k–$200k • ROUND1,287454,541—86.7%1.6 bps——32nd—100.0%
market≥$200k • ROUND147149,267—68.6%-1.8 bps——3rd—99.4%
marketable_limit<$250 • ODD6671,315—90.6%2.5 bps——81st—100.0%
marketable_limit$250–$999 • ODD1,7365,709—91.9%3.2 bps——92nd—99.9%
marketable_limit$1k–$5k • ODD83410,806—88.2%2.3 bps——75th—100.0%
marketable_limit$1k–$5k • ROUND546,550————————
marketable_limit$5k–$10k • ODD2545,276—92.1%1.9 bps——59th—100.0%
marketable_limit$5k–$10k • ROUND466,774————————
marketable_limit$10k–$20k • ODD1403,751—93.6%2.2 bps——76th—100.0%
marketable_limit$10k–$20k • ROUND6911,201————————
marketable_limit$20k–$50k • ODD29773————————
marketable_limit$20k–$50k • ROUND16550,994—82.1%1.0 bps——43rd—100.0%
marketable_limit$50k–$200k • ROUND9360,073————————
marketable_limit≥$200k • ROUND39100,534————————
nonmarketable_limit<$250 • ODD1,5322,323—100.0%5.3 bps——68th—51.3%
nonmarketable_limit$250–$999 • ODD2,99213,596—100.0%4.3 bps——59th—47.6%
nonmarketable_limit$1k–$5k • ODD3,86535,021—100.0%4.4 bps——57th—59.4%
nonmarketable_limit$1k–$5k • ROUND16617,405—100.0%4.0 bps——59th—50.7%
nonmarketable_limit$5k–$10k • ODD87617,099—100.0%2.9 bps——16th—65.8%
nonmarketable_limit$5k–$10k • ROUND6712,076————————
nonmarketable_limit$10k–$20k • ODD60114,701—100.0%3.4 bps——33rd—65.9%
nonmarketable_limit$10k–$20k • ROUND27541,963—100.0%3.1 bps——35th—50.6%
nonmarketable_limit$20k–$50k • ODD1605,305—100.0%3.4 bps——33rd—64.0%
nonmarketable_limit$20k–$50k • ROUND585157,569—100.0%1.5 bps——5th—41.9%
nonmarketable_limit$50k–$200k • ODD199————————
nonmarketable_limit$50k–$200k • ROUND453173,943—100.0%2.6 bps——24th—51.1%
nonmarketable_limit≥$200k • ROUND202319,045—100.0%4.3 bps——81st—56.7%

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 NameMonthKindStatusFetched AtSource URL
TTSI202608.csv202608summarystored2026-09-30T21:17:20.841353005+00:00 File Link ↗
TTSI202608.zip202608detailedstored2026-09-30T21:17:20.841351832+00:00 File Link ↗
TTSI202608.zip202608detailedstored2026-09-30T21:23:46.642757154+00:00 File Link ↗
TTSI202608.csv202608summarystored2026-09-30T21:23:46.642758306+00:00 File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
12
Tiers with < 100 covered orders
Missing Files
0
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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