WEALTHFRONT BROKERAGE LLC

Reporter ID: WLTH • Quarter: 2026Q3 • Methodology: exq-2

Status: ACTIVE

Generated: Wed, 14 Oct 2026 19:21:02 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

Tiers with < 100 covered orders

Missing Files

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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