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

Nasdaq PSX

Reporter ID: XPSX • Quarter: 2026Q3 • Methodology: exq-3
Status: ACTIVE
Generated: Thu, 15 Oct 2026 22:47:31 GMT
Quarter:2026Q3
Covered Orders1,593,679,192Across all reported tiers
Covered Shares466,288,567,950In Q3 2026
Active Tiers59Order 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
Marketable Limit<$250 • Odd Lot1,332,36518,179,0869.3%6.4%0.9 bps-4.5 bps89%18th$0.020399.9%
Marketable Limit<$250 • Round Lot626,658135,715,7112.3%8.6%-1.5 bps-26.4 bps97%8th$0.003599.8%
Marketable Limit$250–$999 • Odd Lot2,558,379101,114,1683.3%8.2%0.8 bps-2.4 bps88%21st$0.028199.9%
Marketable Limit$250–$999 • Round Lot1,108,475328,364,4382.3%6.4%0.7 bps-6.8 bps96%20th$0.009499.0%
Marketable Limit$1k–$5k • Odd Lot3,502,535200,233,6172.9%10.0%0.5 bps-1.9 bps93%18th$0.051499.9%
Marketable Limit$1k–$5k • Round Lot7,031,1231,524,419,7642.3%6.9%0.3 bps-2.7 bps97%12th$0.016998.2%
Marketable Limit$5k–$10k • Odd Lot792,28552,971,8123.0%14.8%0.4 bps-2.3 bps86%22nd$0.1054100.0%
Marketable Limit$5k–$10k • Round Lot3,949,1831,056,781,7552.1%8.5%0.3 bps-1.2 bps89%16th$0.027697.5%
Marketable Limit$10k–$20k • Odd Lot308,65521,591,7232.9%19.9%0.4 bps-1.1 bps87%23rd$0.1849100.0%
Marketable Limit$10k–$20k • Round Lot2,451,0451,023,290,4752.1%9.4%0.2 bps-1.0 bps83%16th$0.044598.0%
Marketable Limit$20k–$50k • Odd Lot36,4152,969,6322.1%31.1%0.4 bps0.2 bps63%25th$0.3530100.0%
Marketable Limit$20k–$50k • Round Lot1,543,0681,353,459,5241.4%10.8%0.3 bps-1.0 bps77%20th$0.070898.8%
Marketable Limit$50k–$200k • Round Lot745,8311,730,983,2261.0%9.7%0.2 bps-0.9 bps73%30th$0.081199.2%
Marketable Limit≥$200k • Round Lot393,2881,783,210,7140.5%9.9%0.1 bps-0.6 bps61%67th$0.021990.7%
Non-Marketable Limit<$250 • Odd Lot68,275,346620,613,6670.2%100.0%16.2 bps59.5 bps100%36th$0.024998.4%
Non-Marketable Limit<$250 • Round Lot8,084,5761,619,581,9740.2%100.0%31.6 bps98.5 bps100%12th$0.003491.0%
Non-Marketable Limit$250–$999 • Odd Lot64,285,0141,813,882,6280.2%100.0%11.0 bps41.1 bps100%33rd$0.030892.7%
Non-Marketable Limit$250–$999 • Round Lot19,173,2173,396,413,7570.1%100.0%26.6 bps77.6 bps100%24th$0.003793.4%
Non-Marketable Limit$1k–$5k • Odd Lot189,576,2436,411,791,6190.1%100.0%7.1 bps28.7 bps100%21st$0.049690.5%
Non-Marketable Limit$1k–$5k • Round Lot154,586,57528,527,797,1270.1%100.0%10.2 bps48.3 bps100%21st$0.007989.9%
Non-Marketable Limit$5k–$10k • Odd Lot60,230,9392,977,170,4790.1%100.0%4.7 bps24.7 bps100%15th$0.071395.7%
Non-Marketable Limit$5k–$10k • Round Lot138,609,74331,125,460,6780.1%100.0%7.5 bps40.5 bps100%19th$0.015989.5%
Non-Marketable Limit$10k–$20k • Odd Lot20,944,3811,125,832,0890.1%100.0%4.9 bps22.1 bps100%13th$0.119996.0%
Non-Marketable Limit$10k–$20k • Round Lot149,803,43446,224,016,3090.0%100.0%5.8 bps32.9 bps99%14th$0.028892.6%
Non-Marketable Limit$20k–$50k • Odd Lot980,40074,287,1690.1%100.0%6.8 bps14.7 bps99%19th$0.256198.5%
Non-Marketable Limit$20k–$50k • Round Lot145,943,98474,670,022,5450.0%100.0%5.7 bps34.3 bps99%18th$0.053695.4%
Non-Marketable Limit$50k–$200k • Odd Lot5374————————
Non-Marketable Limit$50k–$200k • Round Lot98,335,82896,234,684,7530.0%100.0%5.3 bps43.3 bps98%24th$0.127893.9%
Non-Marketable Limit≥$200k • Odd Lot139————————
Non-Marketable Limit≥$200k • Round Lot19,966,91053,162,671,3400.0%100.0%4.0 bps33.6 bps89%24th$0.161695.4%
Marketable Limit<$250 • Odd Lot111,186196,00825.3%8.3%0.3 bps-0.8 bps94%22nd$0.029999.9%
Marketable Limit$250–$999 • Odd Lot196,6841,425,93319.6%10.9%0.3 bps-1.2 bps96%24th$0.0390100.0%
Marketable Limit$250–$999 • Round Lot40540,57619.7%2.5%-0.4 bps-1.2 bps100%15th$0.0099100.0%
Marketable Limit$1k–$5k • Odd Lot1,279,18447,738,0474.0%11.0%0.1 bps-1.8 bps99%15th$0.048499.9%
Marketable Limit$1k–$5k • Round Lot539,47748,448,6363.1%8.8%0.1 bps-1.5 bps100%30th$0.0133100.0%
Marketable Limit$5k–$10k • Odd Lot1,024,85462,676,5692.3%13.3%0.1 bps-2.2 bps99%14th$0.0777100.0%
Marketable Limit$5k–$10k • Round Lot1,365,920209,138,7481.8%8.7%0.1 bps-1.4 bps100%20th$0.0194100.0%
Marketable Limit$10k–$20k • Odd Lot911,29454,976,5131.9%19.1%0.2 bps-1.8 bps100%20th$0.123199.9%
Marketable Limit$10k–$20k • Round Lot2,562,523371,260,9631.8%11.3%0.2 bps-1.5 bps100%22nd$0.0459100.0%
Marketable Limit$20k–$50k • Odd Lot275,12414,734,8041.7%26.9%0.2 bps-0.4 bps99%20th$0.2529100.0%
Marketable Limit$20k–$50k • Round Lot2,218,896333,619,2702.6%12.2%0.2 bps-1.5 bps98%22nd$0.0795100.0%
Marketable Limit$50k–$200k • Odd Lot6,514238,3450.9%46.8%0.1 bps1.0 bps99%12th$0.9829100.0%
Marketable Limit$50k–$200k • Round Lot632,548168,712,3143.5%9.9%0.1 bps-0.9 bps98%18th$0.102299.8%
Marketable Limit≥$200k • Round Lot82,827148,168,2761.5%8.5%0.0 bps-0.8 bps90%41st$0.0680100.0%
Non-Marketable Limit<$250 • Odd Lot9,138,85713,960,0300.3%100.0%3.8 bps19.5 bps100%36th$0.042597.1%
Non-Marketable Limit$250–$999 • Odd Lot16,940,022104,802,4990.3%100.0%3.2 bps18.5 bps100%25th$0.056298.7%
Non-Marketable Limit$250–$999 • Round Lot15,5391,558,2060.3%100.0%7.7 bps41.5 bps100%47th$0.0000100.0%
Non-Marketable Limit$1k–$5k • Odd Lot41,812,0841,087,945,8620.3%100.0%2.8 bps17.2 bps100%13th$0.054997.8%
Non-Marketable Limit$1k–$5k • Round Lot6,320,413622,351,2470.1%100.0%3.3 bps13.3 bps100%47th$0.003896.5%
Non-Marketable Limit$5k–$10k • Odd Lot30,485,1101,580,382,3520.2%100.0%2.9 bps18.6 bps100%20th$0.059596.9%
Non-Marketable Limit$5k–$10k • Round Lot20,437,5072,512,968,5260.1%100.0%3.6 bps19.8 bps100%71st$0.006794.7%
Non-Marketable Limit$10k–$20k • Odd Lot22,644,7521,131,265,8550.1%100.0%2.3 bps14.3 bps100%13th$0.076998.3%
Non-Marketable Limit$10k–$20k • Round Lot53,525,4556,456,945,1400.1%100.0%4.0 bps25.7 bps100%59th$0.020591.5%
Non-Marketable Limit$20k–$50k • Odd Lot4,893,151192,840,1290.1%100.0%2.9 bps8.5 bps100%20th$0.211698.9%
Non-Marketable Limit$20k–$50k • Round Lot86,544,10914,671,912,2330.0%100.0%3.5 bps29.6 bps100%54th$0.040392.3%
Non-Marketable Limit$50k–$200k • Odd Lot66,3852,039,3300.1%100.0%3.9 bps2.9 bps100%44th$0.6044100.0%
Non-Marketable Limit$50k–$200k • Round Lot92,200,19148,863,318,9390.0%100.0%3.3 bps21.7 bps100%54th$0.103196.5%
Non-Marketable Limit≥$200k • Odd Lot15————————
Non-Marketable Limit≥$200k • Round Lot32,272,27930,267,390,4030.0%100.0%2.9 bps29.2 bps100%44th$0.247193.0%

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.

File NameMonthKindStatusFetched AtSource URL
psxeqreport_202608.zip202608detailedstored2026-10-15T18:10:26.412095006+00:00 File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells
3
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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