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Rule 605 Market Center Scorecard
WEALTHFRONT BROKERAGE LLC
Status: ACTIVE
Generated: Wed, 14 Oct 2026 19:30:06 GMT
Quarter:2026Q3
Covered Orders1,999,520Across all reported tiers
Covered Shares43,820,152In Q3 2026
Active Tiers53Order 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 | 48 | 2 | — | — | — | — | — | — | — | — |
| market | <$250 • ODD | 11 | 33 | — | — | — | — | — | — | — | — |
| market | <$250 • ROUND | 1 | 200 | — | — | — | — | — | — | — | — |
| market | $250–$999 • FRACT | 1 | 1 | — | — | — | — | — | — | — | — |
| market | $250–$999 • ODD | 5 | 14 | — | — | — | — | — | — | — | — |
| market | $1k–$5k • ODD | 3 | 45 | — | — | — | — | — | — | — | — |
| marketable_limit | <$250 • FRACT | 278,468 | 101,643 | 0.1% | 74.4% | 2.0 bps | 2.2 bps | 34% | 47th | $0.0162 | 100.0% |
| marketable_limit | <$250 • ODD | 83,218 | 199,189 | — | 82.9% | 2.3 bps | — | — | 38th | — | 100.0% |
| marketable_limit | <$250 • ROUND | 9 | 1,117 | — | — | — | — | — | — | — | — |
| marketable_limit | $250–$999 • FRACT | 6,950 | 4,890 | — | 74.8% | 1.7 bps | — | — | 56th | — | 100.0% |
| marketable_limit | $250–$999 • ODD | 58,530 | 554,980 | — | 82.2% | 2.0 bps | — | — | 40th | — | 100.0% |
| marketable_limit | $250–$999 • ROUND | 199 | 35,665 | — | 89.5% | 10.8 bps | — | — | 63rd | — | 100.0% |
| marketable_limit | $1k–$5k • FRACT | 268 | 199 | — | 77.7% | 4.4 bps | — | — | 0th | — | 100.0% |
| marketable_limit | $1k–$5k • ODD | 45,058 | 1,398,425 | — | 81.4% | 1.3 bps | — | — | 37th | — | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 3,853 | 652,752 | — | 80.8% | 1.9 bps | — | — | 44th | — | 99.9% |
| marketable_limit | $5k–$10k • ODD | 7,993 | 433,294 | — | 80.7% | 0.9 bps | — | — | 38th | — | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 7,096 | 1,423,011 | — | 79.9% | 1.2 bps | — | — | 41st | — | 100.0% |
| marketable_limit | $10k–$20k • ODD | 2,216 | 121,913 | — | 84.0% | 1.0 bps | — | — | 41st | — | 100.0% |
| marketable_limit | $10k–$20k • ROUND | 9,791 | 2,784,269 | — | 80.2% | 0.9 bps | — | — | 41st | — | 100.0% |
| marketable_limit | $20k–$50k • ODD | 258 | 19,192 | — | 78.3% | 0.8 bps | — | — | 35th | — | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 11,211 | 6,188,927 | — | 80.3% | 0.7 bps | — | — | 44th | — | 99.9% |
| marketable_limit | $50k–$200k • ROUND | 9,320 | 14,136,618 | — | 79.6% | 0.6 bps | — | — | 51st | — | 99.9% |
| marketable_limit | ≥$200k • ROUND | 2,424 | 10,236,288 | — | 80.5% | 0.3 bps | — | — | 82nd | — | 99.9% |
| nonmarketable_limit | <$250 • FRACT | 15 | 5 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • ODD | 6 | 8 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 3 | 47 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $1k–$5k • ODD | 1 | 22 | — | — | — | — | — | — | — | — |
| market | <$250 • FRACT | 113 | 3 | 18.1% | 75.9% | 1.3 bps | — | 0% | 27th | $0.0108 | 100.0% |
| market | <$250 • ODD | 1 | 1 | — | — | — | — | — | — | — | — |
| market | $250–$999 • FRACT | 2 | 1 | — | — | — | — | — | — | — | — |
| market | $250–$999 • ODD | 3 | 21 | — | — | — | — | — | — | — | — |
| market | $1k–$5k • ODD | 4 | 31 | — | — | — | — | — | — | — | — |
| market | $20k–$50k • ODD | 1 | 93 | — | — | — | — | — | — | — | — |
| market | $50k–$200k • ROUND | 1 | 305 | — | — | — | — | — | — | — | — |
| marketable_limit | <$250 • FRACT | 902,191 | 306,934 | 0.0% | 75.0% | 3.5 bps | 3.5 bps | 100% | 93rd | $0.0381 | 100.0% |
| marketable_limit | <$250 • ODD | 194,061 | 353,361 | — | 91.6% | 3.2 bps | — | — | 93rd | — | 100.0% |
| marketable_limit | $250–$999 • FRACT | 58,123 | 40,128 | — | 75.6% | 3.9 bps | — | — | 91st | — | 100.0% |
| marketable_limit | $250–$999 • ODD | 189,735 | 960,150 | — | 91.5% | 3.4 bps | — | — | 97th | — | 100.0% |
| marketable_limit | $1k–$5k • FRACT | 1,395 | 1,144 | — | 76.3% | 5.1 bps | — | — | 50th | — | 100.0% |
| marketable_limit | $1k–$5k • ODD | 101,566 | 1,623,019 | — | 91.2% | 3.0 bps | — | — | 93rd | — | 100.0% |
| marketable_limit | $1k–$5k • ROUND | 2,156 | 237,823 | — | 90.9% | 1.5 bps | — | — | 68th | — | 99.9% |
| marketable_limit | $5k–$10k • FRACT | 2 | 2 | — | — | — | — | — | — | — | — |
| marketable_limit | $5k–$10k • ODD | 11,883 | 382,329 | — | 90.9% | 2.5 bps | — | — | 80th | — | 100.0% |
| marketable_limit | $5k–$10k • ROUND | 2,065 | 345,104 | — | 91.2% | 1.4 bps | — | — | 73rd | — | 99.9% |
| marketable_limit | $10k–$20k • ODD | 3,638 | 154,637 | — | 88.7% | 2.1 bps | — | — | 69th | — | 99.9% |
| marketable_limit | $10k–$20k • ROUND | 2,210 | 378,800 | — | 88.9% | 1.6 bps | — | — | 59th | — | 100.0% |
| marketable_limit | $20k–$50k • ODD | 406 | 21,760 | — | 90.5% | 2.0 bps | — | — | 61st | — | 100.0% |
| marketable_limit | $20k–$50k • ROUND | 2,221 | 437,775 | — | 87.5% | 1.3 bps | — | — | 51st | — | 100.0% |
| marketable_limit | $50k–$200k • ODD | 1 | 37 | — | — | — | — | — | — | — | — |
| marketable_limit | $50k–$200k • ROUND | 733 | 221,836 | — | 88.0% | 1.0 bps | — | — | 48th | — | 100.0% |
| marketable_limit | ≥$200k • ROUND | 51 | 62,102 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | <$250 • FRACT | 1 | 1 | — | — | — | — | — | — | — | — |
| nonmarketable_limit | $250–$999 • ODD | 1 | 5 | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| WLTH202608.zip | 202608 | detailed | stored | 2026-09-30T21:17:15.593498739+00:00 | File Link ↗ |
| WLTH202608.csv | 202608 | summary | stored | 2026-09-30T21:17:18.910428030+00:00 | File Link ↗ |
| WLTH202608.csv | 202608 | summary | stored | 2026-09-30T21:23:46.642771542+00:00 | File Link ↗ |
| WLTH202608.zip | 202608 | detailed | stored | 2026-09-30T21:23:46.642773796+00:00 | File Link ↗ |
4. Coverage Gaps & Review Limitations
Suppressed Cells
22
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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