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Rule 605 Market Center Scorecard
OPEN TO THE PUBLIC INVESTING, INC.
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.
| 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 | 1,409,620 | 3,746,785 | — | 79.0% | 13.0 bps | — | — | 88th | — | 99.8% |
| market | <$250 • ROUND | 12,983 | 3,964,750 | — | 54.3% | 20.9 bps | — | — | 41st | — | 99.6% |
| market | $250–$999 • ODD | 145,736 | 1,652,461 | — | 86.1% | 8.2 bps | — | — | 86th | — | 99.9% |
| market | $250–$999 • ROUND | 13,083 | 9,046,149 | — | 45.8% | 15.8 bps | — | — | 57th | — | 99.7% |
| market | $1k–$5k • ODD | 58,717 | 1,950,648 | — | 73.3% | 3.9 bps | — | — | 47th | — | 100.0% |
| market | $1k–$5k • ROUND | 21,304 | 14,752,172 | — | 54.5% | 6.3 bps | — | — | 44th | — | 99.8% |
| market | $5k–$10k • ODD | 4,932 | 212,446 | — | 88.3% | 4.2 bps | — | — | 69th | — | 100.0% |
| market | $5k–$10k • ROUND | 6,490 | 6,250,628 | — | 61.0% | 3.8 bps | — | — | 39th | — | 99.7% |
| market | $10k–$20k • ODD | 1,285 | 69,628 | — | 89.2% | 4.0 bps | — | — | 55th | — | 100.0% |
| market | $10k–$20k • ROUND | 5,202 | 6,490,136 | — | 62.0% | 2.3 bps | — | — | 33rd | — | 99.4% |
| market | $20k–$50k • ODD | 127 | 8,178 | — | 91.2% | 4.3 bps | — | — | 67th | — | 100.0% |
| market | $20k–$50k • ROUND | 4,580 | 7,556,902 | — | 61.9% | 1.7 bps | — | — | 29th | — | 99.6% |
| market | $50k–$200k • ROUND | 1,838 | 5,052,493 | — | 60.0% | 0.8 bps | — | — | 30th | — | 98.9% |
| market | ≥$200k • ROUND | 134 | 557,237 | — | 51.0% | -3.0 bps | — | — | 13th | — | 100.0% |
| marketable_limit | <$250 • ODD | 17,096 | 88,729 | — | 79.9% | 58.2 bps | — | — | 100th | — | 99.8% |
| marketable_limit | <$250 • ROUND | 983 | 351,638 | — | 48.4% | 14.0 bps | — | — | 61st | — | 98.9% |
| marketable_limit | $250–$999 • ODD | 1,895 | 46,638 | — | 84.3% | 8.2 bps | — | — | 90th | — | 100.0% |
| marketable_limit | $250–$999 • ROUND | 1,226 | 1,027,124 | — | 42.9% | 13.8 bps | — | — | 72nd | — | 99.9% |
| marketable_limit | $1k–$5k • ODD | 911 | 32,289 | — | 84.4% | 4.5 bps | — | — | 84th | — | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 2,034 | 2,455,313 | — | 42.4% | 5.0 bps | — | — | 60th | — | 98.9% |
| marketable_limit | $5k–$10k • ODD | 130 | 6,143 | — | 83.2% | 1.4 bps | — | — | 51st | — | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 920 | 3,106,285 | — | 32.1% | 2.8 bps | — | — | 58th | — | 97.8% |
| marketable_limit | $10k–$20k • ODD | 29 | 1,682 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ROUND | 1,361 | 8,276,393 | — | 23.4% | -0.4 bps | — | — | 10th | — | 97.2% |
| marketable_limit | $20k–$50k • ODD | 4 | 313 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 5,122 | 49,141,856 | — | 20.6% | 0.5 bps | — | — | 38th | — | 98.6% |
| marketable_limit | $50k–$200k • ROUND | 9,233 | 115,363,356 | — | 12.9% | 0.1 bps | — | — | 27th | — | 98.4% |
| marketable_limit | ≥$200k • ROUND | 907 | 9,287,579 | — | 32.1% | 0.2 bps | — | — | 76th | — | 98.3% |
| nonmarketable_limit | <$250 • ODD | 350,643 | 884,520 | — | 100.0% | 301.8 bps | — | — | 100th | — | 62.9% |
| nonmarketable_limit | <$250 • ROUND | 5,833 | 1,879,512 | — | 100.0% | 90.2 bps | — | — | 83rd | — | 53.8% |
| nonmarketable_limit | $250–$999 • ODD | 6,125 | 166,002 | — | 100.0% | 33.1 bps | — | — | 93rd | — | 45.2% |
| nonmarketable_limit | $250–$999 • ROUND | 4,798 | 3,195,822 | — | 100.0% | 85.0 bps | — | — | 89th | — | 44.7% |
| nonmarketable_limit | $1k–$5k • ODD | 3,589 | 111,984 | — | 100.0% | 11.8 bps | — | — | 48th | — | 46.1% |
| nonmarketable_limit | $1k–$5k • ROUND | 5,850 | 9,491,902 | — | 100.0% | 41.9 bps | — | — | 86th | — | 39.9% |
| nonmarketable_limit | $5k–$10k • ODD | 445 | 20,149 | — | 100.0% | 8.5 bps | — | — | 44th | — | 59.5% |
| nonmarketable_limit | $5k–$10k • ROUND | 2,189 | 3,575,630 | — | 100.0% | 26.7 bps | — | — | 82nd | — | 38.1% |
| nonmarketable_limit | $10k–$20k • ODD | 140 | 7,897 | — | 100.0% | 7.7 bps | — | — | 35th | — | 56.9% |
| nonmarketable_limit | $10k–$20k • ROUND | 2,197 | 6,199,391 | — | 100.0% | 29.0 bps | — | — | 89th | — | 44.9% |
| nonmarketable_limit | $20k–$50k • ODD | 4 | 300 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $20k–$50k • ROUND | 4,233 | 23,791,700 | — | 100.0% | 11.7 bps | — | — | 62nd | — | 44.6% |
| nonmarketable_limit | $50k–$200k • ROUND | 6,463 | 60,008,753 | — | 100.0% | 5.8 bps | — | — | 29th | — | 29.3% |
| nonmarketable_limit | ≥$200k • ROUND | 356 | 2,977,284 | — | 100.0% | 3.4 bps | — | — | 18th | — | 20.7% |
| market | <$250 • ODD | 194,515 | 224,526 | — | 91.5% | 3.0 bps | — | — | 65th | — | 100.0% |
| market | $250–$999 • ODD | 295,002 | 431,539 | — | 92.0% | 3.0 bps | — | — | 71st | — | 100.0% |
| market | $1k–$5k • ODD | 67,853 | 449,916 | — | 90.6% | 3.0 bps | — | — | 67th | — | 100.0% |
| market | $1k–$5k • ROUND | 790 | 95,851 | — | 85.8% | 1.5 bps | — | — | 29th | — | 99.8% |
| market | $5k–$10k • ODD | 6,929 | 157,689 | — | 91.5% | 2.7 bps | — | — | 53rd | — | 100.0% |
| market | $5k–$10k • ROUND | 487 | 91,495 | — | 84.8% | 1.4 bps | — | — | 33rd | — | 100.0% |
| market | $10k–$20k • ODD | 2,892 | 92,906 | — | 90.3% | 2.3 bps | — | — | 34th | — | 100.0% |
| market | $10k–$20k • ROUND | 1,123 | 171,097 | — | 85.4% | 2.0 bps | — | — | 36th | — | 100.0% |
| market | $20k–$50k • ODD | 847 | 30,523 | — | 91.9% | 2.8 bps | — | — | 37th | — | 100.0% |
| market | $20k–$50k • ROUND | 1,888 | 352,435 | — | 86.3% | 1.7 bps | — | — | 34th | — | 100.0% |
| market | $50k–$200k • ODD | 17 | 599 | — | — | — | — | — | — | — | — |
| market | $50k–$200k • ROUND | 1,287 | 454,541 | — | 86.7% | 1.6 bps | — | — | 32nd | — | 100.0% |
| market | ≥$200k • ROUND | 147 | 149,267 | — | 68.6% | -1.8 bps | — | — | 3rd | — | 99.4% |
| marketable_limit | <$250 • ODD | 667 | 1,315 | — | 90.6% | 2.5 bps | — | — | 81st | — | 100.0% |
| marketable_limit | $250–$999 • ODD | 1,736 | 5,709 | — | 91.9% | 3.2 bps | — | — | 92nd | — | 99.9% |
| marketable_limit | $1k–$5k • ODD | 834 | 10,806 | — | 88.2% | 2.3 bps | — | — | 75th | — | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 54 | 6,550 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ODD | 254 | 5,276 | — | 92.1% | 1.9 bps | — | — | 59th | — | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 46 | 6,774 | — | — | — | — | — | — | — | — |
| marketable_limit | $10k–$20k • ODD | 140 | 3,751 | — | 93.6% | 2.2 bps | — | — | 76th | — | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 69 | 11,201 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ODD | 29 | 773 | — | — | — | — | — | — | — | — |
| marketable_limit | $20k–$50k • ROUND | 165 | 50,994 | — | 82.1% | 1.0 bps | — | — | 43rd | — | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 93 | 60,073 | — | — | — | — | — | — | — | — |
| marketable_limit | ≥$200k • ROUND | 39 | 100,534 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • ODD | 1,532 | 2,323 | — | 100.0% | 5.3 bps | — | — | 68th | — | 51.3% |
| nonmarketable_limit | $250–$999 • ODD | 2,992 | 13,596 | — | 100.0% | 4.3 bps | — | — | 59th | — | 47.6% |
| nonmarketable_limit | $1k–$5k • ODD | 3,865 | 35,021 | — | 100.0% | 4.4 bps | — | — | 57th | — | 59.4% |
| nonmarketable_limit | $1k–$5k • ROUND | 166 | 17,405 | — | 100.0% | 4.0 bps | — | — | 59th | — | 50.7% |
| nonmarketable_limit | $5k–$10k • ODD | 876 | 17,099 | — | 100.0% | 2.9 bps | — | — | 16th | — | 65.8% |
| nonmarketable_limit | $5k–$10k • ROUND | 67 | 12,076 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $10k–$20k • ODD | 601 | 14,701 | — | 100.0% | 3.4 bps | — | — | 33rd | — | 65.9% |
| nonmarketable_limit | $10k–$20k • ROUND | 275 | 41,963 | — | 100.0% | 3.1 bps | — | — | 35th | — | 50.6% |
| nonmarketable_limit | $20k–$50k • ODD | 160 | 5,305 | — | 100.0% | 3.4 bps | — | — | 33rd | — | 64.0% |
| nonmarketable_limit | $20k–$50k • ROUND | 585 | 157,569 | — | 100.0% | 1.5 bps | — | — | 5th | — | 41.9% |
| nonmarketable_limit | $50k–$200k • ODD | 1 | 99 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $50k–$200k • ROUND | 453 | 173,943 | — | 100.0% | 2.6 bps | — | — | 24th | — | 51.1% |
| nonmarketable_limit | ≥$200k • ROUND | 202 | 319,045 | — | 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 Name | Month | Kind | Status | Fetched At | Source URL |
|---|---|---|---|---|---|
| TTSI202608.csv | 202608 | summary | stored | 2026-09-30T21:17:20.841353005+00:00 | File Link ↗ |
| TTSI202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:20.841351832+00:00 | File Link ↗ |
| TTSI202608.zip | 202608 | detailed | stored | 2026-09-30T21:23:46.642757154+00:00 | File Link ↗ |
| TTSI202608.csv | 202608 | summary | stored | 2026-09-30T21:23:46.642758306+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
12
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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