EXECUTIONREPORTS.COM AMENDED SEC RULE 605 / FINRA 5310.09 ENGINE
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Rule 605 Market Center Scorecard

WELLS FARGO CLEARING SERVICES, LLC

Reporter ID: WRET • Quarter: 2026Q3 • Methodology: exq-3
Status: ACTIVE
Generated: Thu, 15 Oct 2026 21:44:20 GMT
Quarter:2026Q3
Covered Orders3,073,329Across all reported tiers
Covered Shares761,210,800In Q3 2026
Active Tiers99Order 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 • Fractional11,6363,01758.2%96.5%1.7 bps0.6 bps50%33rd$0.002699.8%
Market<$250 • Odd Lot207,695923,0490.0%97.7%7.1 bps2.3 bps82%62nd$0.0015100.0%
Market<$250 • Round Lot469193,472—50.9%36.5 bps——76th—75.6%
Market$250–$999 • Fractional64938849.3%96.4%0.7 bps0.2 bps70%31st$0.005599.9%
Market$250–$999 • Odd Lot252,5613,253,5770.0%97.3%5.7 bps2.0 bps94%60th$0.0033100.0%
Market$250–$999 • Round Lot9,3601,757,140—94.7%16.6 bps——56th—98.2%
Market$1k–$5k • Fractional1913————————
Market$1k–$5k • Odd Lot284,5848,641,9000.0%97.7%4.7 bps1.8 bps96%68th$0.0039100.0%
Market$1k–$5k • Round Lot72,48320,340,7980.0%95.6%7.8 bps2.7 bps70%63rd$0.003399.7%
Market$5k–$10k • Odd Lot64,7483,147,2470.0%97.8%4.4 bps1.3 bps92%77th$0.0038100.0%
Market$5k–$10k • Round Lot78,57325,649,7980.0%95.7%5.1 bps1.0 bps92%62nd$0.001299.8%
Market$10k–$20k • Odd Lot21,1931,162,7930.0%97.6%4.4 bps0.5 bps90%70th$-0.0015100.0%
Market$10k–$20k • Round Lot94,52640,984,0470.0%95.4%4.0 bps0.7 bps62%58th$0.000999.6%
Market$20k–$50k • Odd Lot2,234132,5860.0%96.9%3.4 bps0.2 bps100%53rd$0.0013100.0%
Market$20k–$50k • Round Lot96,43474,727,7410.0%93.2%3.5 bps1.1 bps100%65th$0.002699.2%
Market$50k–$200k • Round Lot55,162107,774,039—86.8%2.4 bps——69th—98.1%
Market≥$200k • Round Lot12,718113,893,640—58.3%0.4 bps——68th—80.7%
Marketable Limit<$250 • Fractional354172—70.1%5.7 bps——88th—91.4%
Marketable Limit<$250 • Odd Lot210,887317,935—73.1%18.4 bps——97th—99.9%
Marketable Limit<$250 • Round Lot1,547421,403—66.0%31.0 bps——90th—99.9%
Marketable Limit$250–$999 • Fractional21————————
Marketable Limit$250–$999 • Odd Lot5,069111,345—86.9%3.8 bps——56th—99.9%
Marketable Limit$250–$999 • Round Lot2,8341,927,794—64.6%20.5 bps——90th—94.8%
Marketable Limit$1k–$5k • Fractional11————————
Marketable Limit$1k–$5k • Odd Lot4,113145,280—87.0%2.8 bps——58th—99.9%
Marketable Limit$1k–$5k • Round Lot7,69710,541,610—54.9%8.9 bps——74th—86.0%
Marketable Limit$5k–$10k • Odd Lot87145,059—90.4%2.6 bps——68th—99.8%
Marketable Limit$5k–$10k • Round Lot5,4089,306,278—55.4%5.8 bps——68th—89.7%
Marketable Limit$10k–$20k • Odd Lot28114,595—94.9%3.2 bps——68th—100.0%
Marketable Limit$10k–$20k • Round Lot6,04214,022,310—52.8%4.7 bps——76th—82.6%
Marketable Limit$20k–$50k • Odd Lot311,768————————
Marketable Limit$20k–$50k • Round Lot6,14219,502,502—55.5%3.7 bps——77th—83.8%
Marketable Limit$50k–$200k • Round Lot3,65524,358,522—45.2%1.2 bps——64th—79.9%
Marketable Limit≥$200k • Round Lot1,24534,658,330—28.2%-2.5 bps——10th—55.1%
Non-Marketable Limit<$250 • Fractional442192—100.0%14.1 bps——56th—29.6%
Non-Marketable Limit<$250 • Odd Lot38,353271,800—100.0%32.0 bps——78th—32.0%
Non-Marketable Limit<$250 • Round Lot1,567301,206—100.0%92.4 bps——88th—37.7%
Non-Marketable Limit$250–$999 • Fractional42————————
Non-Marketable Limit$250–$999 • Odd Lot24,390441,332—100.0%21.5 bps——77th—34.6%
Non-Marketable Limit$250–$999 • Round Lot4,7621,678,511—100.0%69.9 bps——84th—34.1%
Non-Marketable Limit$1k–$5k • Odd Lot18,381554,835—100.0%14.7 bps——68th—42.4%
Non-Marketable Limit$1k–$5k • Round Lot16,2298,924,730—100.0%36.2 bps——77th—29.5%
Non-Marketable Limit$5k–$10k • Odd Lot3,697168,047—100.0%8.4 bps——44th—52.2%
Non-Marketable Limit$5k–$10k • Round Lot10,0888,220,302—99.7%27.6 bps——85th—25.8%
Non-Marketable Limit$10k–$20k • Odd Lot1,29367,880—100.0%9.9 bps——53rd—48.7%
Non-Marketable Limit$10k–$20k • Round Lot10,75811,186,565—99.6%20.0 bps——80th—25.2%
Non-Marketable Limit$20k–$50k • Odd Lot945,889————————
Non-Marketable Limit$20k–$50k • Round Lot10,81019,324,770—99.4%15.8 bps——79th—23.5%
Non-Marketable Limit$50k–$200k • Round Lot6,87928,353,076—99.8%13.8 bps——82nd—22.5%
Non-Marketable Limit≥$200k • Round Lot1,97129,953,154—100.0%9.3 bps——80th—20.6%
Market<$250 • Fractional14,2642,45875.0%98.7%2.3 bps1.0 bps59%60th$0.0019100.0%
Market<$250 • Odd Lot98,375173,3680.0%99.1%3.2 bps2.0 bps98%71st$0.0004100.0%
Market$250–$999 • Fractional68542856.4%98.0%2.3 bps0.1 bps12%50th$0.0089100.0%
Market$250–$999 • Odd Lot304,6251,270,5020.0%99.1%3.3 bps2.2 bps100%75th$0.0015100.0%
Market$250–$999 • Round Lot9942————————
Market$1k–$5k • Fractional64————————
Market$1k–$5k • Odd Lot438,2306,406,5490.0%99.0%3.3 bps2.3 bps100%78th$0.0033100.0%
Market$1k–$5k • Round Lot10,9181,335,369—99.4%2.1 bps——71st—100.0%
Market$5k–$10k • Odd Lot140,5274,387,1130.0%98.8%3.4 bps1.2 bps93%81st$0.0039100.0%
Market$5k–$10k • Round Lot21,6373,555,6400.0%99.1%1.9 bps1.1 bps100%73rd$0.0002100.0%
Market$10k–$20k • Odd Lot67,5272,861,6710.0%98.6%3.5 bps1.2 bps99%83rd$0.0026100.0%
Market$10k–$20k • Round Lot53,3048,532,9460.0%98.9%2.6 bps0.6 bps100%75th$0.0006100.0%
Market$20k–$50k • Odd Lot13,327596,4620.0%98.4%4.1 bps1.6 bps100%85th$0.0067100.0%
Market$20k–$50k • Round Lot81,79517,896,8950.0%98.5%2.8 bps0.9 bps96%75th$0.0031100.0%
Market$50k–$200k • Odd Lot933,183————————
Market$50k–$200k • Round Lot50,46726,362,348—96.5%2.6 bps——66th—100.0%
Market≥$200k • Round Lot15,92839,043,003—72.8%1.6 bps——70th—95.2%
Marketable Limit<$250 • Fractional4616————————
Marketable Limit<$250 • Odd Lot1,2382,890—94.0%1.7 bps——63rd—100.0%
Marketable Limit$250–$999 • Fractional10————————
Marketable Limit$250–$999 • Odd Lot2,60615,110—90.1%1.9 bps——61st—100.0%
Marketable Limit$250–$999 • Round Lot1100————————
Marketable Limit$1k–$5k • Odd Lot3,74560,972—92.8%1.9 bps——59th—99.9%
Marketable Limit$1k–$5k • Round Lot28535,177—93.0%1.6 bps——71st—100.0%
Marketable Limit$5k–$10k • Odd Lot1,20136,544—92.9%2.1 bps——66th—99.8%
Marketable Limit$5k–$10k • Round Lot50391,838—92.1%1.3 bps——68th—100.0%
Marketable Limit$10k–$20k • Odd Lot68926,587—92.7%2.2 bps——75th—100.0%
Marketable Limit$10k–$20k • Round Lot997215,162—88.2%1.8 bps——67th—100.0%
Marketable Limit$20k–$50k • Odd Lot2608,706—94.8%3.3 bps——88th—99.8%
Marketable Limit$20k–$50k • Round Lot1,536521,299—84.0%1.9 bps——75th—99.7%
Marketable Limit$50k–$200k • Odd Lot396————————
Marketable Limit$50k–$200k • Round Lot1,3101,152,850—78.5%2.1 bps——85th—97.4%
Marketable Limit≥$200k • Round Lot5873,425,117—42.9%0.1 bps——49th—89.1%
Non-Marketable Limit<$250 • Fractional334113—100.0%6.8 bps——70th—47.0%
Non-Marketable Limit<$250 • Odd Lot6,48112,832—100.0%5.9 bps——81st—42.4%
Non-Marketable Limit$250–$999 • Fractional1713————————
Non-Marketable Limit$250–$999 • Odd Lot14,67272,269—100.0%5.9 bps——91st—47.4%
Non-Marketable Limit$250–$999 • Round Lot3300————————
Non-Marketable Limit$1k–$5k • Odd Lot19,810286,791—100.0%5.4 bps——75th—51.7%
Non-Marketable Limit$1k–$5k • Round Lot1,058130,599—100.0%14.7 bps——95th—26.2%
Non-Marketable Limit$5k–$10k • Odd Lot6,977195,758—100.0%6.1 bps——84th—60.0%
Non-Marketable Limit$5k–$10k • Round Lot1,829292,084—100.0%3.8 bps——75th—32.2%
Non-Marketable Limit$10k–$20k • Odd Lot3,885144,099—100.0%5.0 bps——77th—63.8%
Non-Marketable Limit$10k–$20k • Round Lot4,287785,227—100.0%5.2 bps——85th—37.1%
Non-Marketable Limit$20k–$50k • Odd Lot1,37648,188—100.0%4.3 bps——65th—65.2%
Non-Marketable Limit$20k–$50k • Round Lot6,9331,591,246—100.0%5.4 bps——83rd—43.4%
Non-Marketable Limit$50k–$200k • Odd Lot14461————————
Non-Marketable Limit$50k–$200k • Round Lot5,2983,284,468—100.0%5.5 bps——89th—42.5%
Non-Marketable Limit≥$200k • Round Lot2,6898,932,568—100.0%3.7 bps——70th—46.4%

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
aug-wret-605.txt202608detailedstored2026-10-15T18:10:34.688727095+00:00 File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
16
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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