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The SEC’s August 2026 reporting expansion, November odd-lot benchmark and NYSE’s January 2022–July 2026 legacy-file correction create separate comparison periods.
In matched published categories, the share of executions receiving price improvement was roughly 34–43 percentage points lower for the largest orders than the smallest. The files do not establish why, or support an overall broker ranking.
Fractional, dollar-based, recurring, overnight and managed-account orders are excluded from Robinhood’s public held-order percentages, leaving the scale and execution of those workflows unquantified.
The new reporting perimeter is live, and November adds a better-displayed-price benchmark that can recognise odd lots. Comparable order groups remain the foundation of a useful broker assessment.