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Rule 605 Market Center Scorecard
Virtu Americas, LLC
MPID Firm: Virtu Americas LLC(VIRT)
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:29:22 GMT
Quarter:2026Q3
Covered Orders379,796Across all reported tiers
Covered Shares763,069,055In Q3 2026
Active Tiers55Order 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| marketable_limit | <$250 • ODD | 24,732 | 236,582 | 49.8% | 47.2% | 2.6 bps | -4.4 bps | 4% | 40th | $0.0311 | 100.0% |
| marketable_limit | <$250 • ROUND | 3,638 | 516,539 | 33.4% | 59.6% | 4.7 bps | -79.0 bps | 8% | 40th | $0.0125 | 100.0% |
| marketable_limit | $250–$999 • ODD | 13,484 | 295,832 | 36.9% | 63.8% | 1.4 bps | -12.6 bps | 6% | 33rd | $0.0503 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 15,881 | 4,359,214 | 28.6% | 53.3% | 2.6 bps | -28.2 bps | 26% | 42nd | $0.0133 | 100.0% |
| marketable_limit | $1k–$5k • ODD | 12,006 | 454,547 | 34.8% | 65.8% | 0.7 bps | -2.7 bps | 9% | 24th | $0.0712 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 35,283 | 26,233,236 | 15.3% | 55.2% | 1.3 bps | -23.2 bps | 19% | 37th | $0.0145 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 2,886 | 158,134 | 28.5% | 59.6% | 0.4 bps | -10.5 bps | 3% | 24th | $0.1403 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 18,506 | 26,039,683 | 15.3% | 50.6% | 0.8 bps | -12.4 bps | 9% | 35th | $0.0165 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 1,015 | 62,936 | 25.0% | 55.6% | 0.4 bps | — | 0% | 23rd | $0.2678 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 18,476 | 39,925,006 | 15.6% | 48.3% | 0.6 bps | -8.5 bps | 19% | 33rd | $0.0178 | 100.0% |
| marketable_limit | $20k–$50k • ODD | 121 | 9,074 | 23.3% | 41.7% | 0.2 bps | — | 0% | 17th | $0.3943 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 20,072 | 70,274,438 | 13.6% | 48.5% | 0.4 bps | -6.0 bps | 19% | 34th | $0.0195 | 100.0% |
| marketable_limit | $50k–$200k • ROUND | 16,573 | 131,404,769 | 7.8% | 63.7% | 0.2 bps | -7.6 bps | 12% | 32nd | $0.0201 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 7,192 | 212,229,658 | 3.2% | 64.2% | 0.0 bps | -3.0 bps | 10% | 58th | $0.0190 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 17,732 | 108,040 | 2.5% | 100.0% | 11.2 bps | 9.8 bps | 4% | 15th | $0.1182 | 100.0% |
| nonmarketable_limit | <$250 • ROUND | 2,711 | 527,427 | 0.7% | 100.0% | 40.2 bps | — | 0% | 33rd | $0.0073 | 100.0% |
| nonmarketable_limit | $250–$999 • ODD | 11,082 | 142,673 | 2.6% | 100.0% | 5.8 bps | 32.2 bps | 8% | 8th | $0.2916 | 100.0% |
| nonmarketable_limit | $250–$999 • ROUND | 7,024 | 2,735,410 | 1.3% | 100.0% | 55.8 bps | — | 0% | 67th | $0.0273 | 100.0% |
| nonmarketable_limit | $1k–$5k • ODD | 8,336 | 215,873 | 3.6% | 100.0% | 4.5 bps | 12.1 bps | 7% | 6th | $0.2348 | 100.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 20,440 | 15,567,299 | 0.7% | 100.0% | 22.4 bps | — | 1% | 44th | $0.0626 | 100.0% |
| nonmarketable_limit | $5k–$10k • ODD | 2,004 | 85,144 | 5.1% | 100.0% | 4.2 bps | 11.2 bps | 2% | 12th | $0.4295 | 100.0% |
| nonmarketable_limit | $5k–$10k • ROUND | 11,944 | 14,299,417 | 1.2% | 100.0% | 11.0 bps | — | 1% | 33rd | $0.0216 | 100.0% |
| nonmarketable_limit | $10k–$20k • ODD | 994 | 48,858 | 5.2% | 100.0% | 2.9 bps | 12.0 bps | 8% | 4th | $0.7142 | 100.0% |
| nonmarketable_limit | $10k–$20k • ROUND | 12,023 | 20,553,078 | 0.8% | 100.0% | 5.5 bps | — | 13% | 13th | $0.0544 | 100.0% |
| nonmarketable_limit | $20k–$50k • ODD | 255 | 13,411 | 5.0% | 100.0% | 2.0 bps | 9.1 bps | 18% | 2nd | $1.0588 | 100.0% |
| nonmarketable_limit | $20k–$50k • ROUND | 14,598 | 37,939,523 | 0.4% | 100.0% | 3.3 bps | — | 17% | 7th | $0.1071 | 100.0% |
| nonmarketable_limit | $50k–$200k • ROUND | 10,408 | 54,351,399 | 0.4% | 100.0% | 2.9 bps | 14.9 bps | 0% | 8th | $0.1199 | 100.0% |
| nonmarketable_limit | ≥$200k • ROUND | 3,352 | 61,478,965 | 0.1% | 100.0% | 1.4 bps | 24.4 bps | 3% | 3rd | $0.1591 | 100.0% |
| marketable_limit | <$250 • ODD | 2,042 | 3,399 | 25.5% | 82.6% | 1.1 bps | -29.1 bps | 19% | 40th | $0.1567 | 100.0% |
| marketable_limit | $250–$999 • ODD | 4,238 | 11,989 | 36.6% | 80.0% | 0.4 bps | -3.7 bps | 37% | 25th | $0.2388 | 100.0% |
| marketable_limit | $250–$999 • ROUND | 1 | 104 | — | — | — | — | — | — | — | — |
| marketable_limit | $1k–$5k • ODD | 4,245 | 58,891 | 27.6% | 44.4% | 0.3 bps | -6.9 bps | 23% | 19th | $0.1797 | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 362 | 43,979 | 44.8% | 53.8% | 0.3 bps | — | 0% | 37th | $0.0123 | 100.0% |
| marketable_limit | $5k–$10k • ODD | 2,386 | 69,074 | 12.5% | 27.0% | 0.1 bps | -1.5 bps | 21% | 14th | $0.2611 | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 806 | 138,928 | 30.8% | 31.0% | 0.3 bps | — | 0% | 39th | $0.0132 | 100.0% |
| marketable_limit | $10k–$20k • ODD | 1,875 | 75,525 | 16.6% | 30.0% | 0.1 bps | -2.3 bps | 37% | 14th | $0.2965 | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 2,240 | 374,850 | 21.6% | 32.8% | 0.3 bps | -27.1 bps | 5% | 30th | $0.0549 | 100.0% |
| marketable_limit | $20k–$50k • ODD | 626 | 26,558 | 30.2% | 36.1% | 0.1 bps | -4.4 bps | 9% | 13th | $0.4625 | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 4,522 | 1,295,043 | 15.3% | 32.5% | 0.1 bps | -2.8 bps | 13% | 20th | $0.0804 | 100.0% |
| marketable_limit | $50k–$200k • ODD | 15 | 663 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 6,080 | 4,560,912 | 6.1% | 23.8% | 0.0 bps | -1.3 bps | 31% | 11th | $0.0998 | 100.0% |
| marketable_limit | ≥$200k • ROUND | 3,987 | 22,557,474 | 1.5% | 56.9% | -0.0 bps | -0.6 bps | 89% | 35th | $0.0308 | 100.0% |
| nonmarketable_limit | <$250 • ODD | 3,437 | 4,690 | 5.7% | 100.0% | 5.8 bps | 31.2 bps | 14% | 79th | $0.2947 | 100.0% |
| nonmarketable_limit | $250–$999 • ODD | 7,048 | 15,338 | 6.5% | 100.0% | 2.0 bps | 27.7 bps | 41% | 5th | $0.5214 | 100.0% |
| nonmarketable_limit | $1k–$5k • ODD | 5,495 | 43,775 | 6.3% | 100.0% | 1.6 bps | 34.8 bps | 33% | 2nd | $0.6171 | 100.0% |
| nonmarketable_limit | $1k–$5k • ROUND | 282 | 35,386 | 0.8% | 100.0% | 6.6 bps | — | 0% | 83rd | $0.0120 | 100.0% |
| nonmarketable_limit | $5k–$10k • ODD | 1,528 | 36,668 | 7.1% | 100.0% | 1.5 bps | 39.5 bps | 9% | 4th | $0.5233 | 100.0% |
| nonmarketable_limit | $5k–$10k • ROUND | 402 | 85,257 | 0.8% | 100.0% | 2.1 bps | — | 0% | 11th | $0.0237 | 100.0% |
| nonmarketable_limit | $10k–$20k • ODD | 1,008 | 34,267 | 8.4% | 100.0% | 1.7 bps | 19.6 bps | 17% | 5th | $0.7202 | 100.0% |
| nonmarketable_limit | $10k–$20k • ROUND | 1,597 | 241,298 | 2.7% | 100.0% | 1.7 bps | — | 0% | 4th | $0.2085 | 100.0% |
| nonmarketable_limit | $20k–$50k • ODD | 684 | 28,288 | 11.4% | 100.0% | 0.9 bps | 3.1 bps | 25% | 3rd | $0.7540 | 100.0% |
| nonmarketable_limit | $20k–$50k • ROUND | 3,095 | 600,811 | 2.9% | 100.0% | 1.3 bps | 25.7 bps | 13% | 3rd | $0.4047 | 100.0% |
| nonmarketable_limit | $50k–$200k • ODD | 29 | 1,036 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $50k–$200k • ROUND | 4,753 | 1,995,411 | 1.3% | 100.0% | 0.9 bps | 35.0 bps | 59% | 5th | $0.5377 | 100.0% |
| nonmarketable_limit | ≥$200k • ROUND | 4,245 | 10,463,276 | 0.1% | 100.0% | 0.5 bps | 18.5 bps | 86% | 4th | $0.2157 | 100.0% |
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.
No raw Rule 605 files stored for this market center.
4. Coverage Gaps & Review Limitations
Suppressed Cells
3
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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