November 2022 Recap

ETF Liquidity on IntelligentCross

$1.4 trillion in resting orders daily.1.3 billion traded daily1

Turn to us for better execution in ETF trading. IntelligentCross is a leading US equities ATS that uses AI to optimize price discovery. It matches orders near-continuously, within microseconds of arrival, to achieve maximum price stability after trades. We operate two matching models: MIDPOINT (midpoint cross) and the ASPEN limit order book with displayed capability.

6.22 million times per day ASPEN ETF orders arrive priced better than the NBBO.2

Top ETFs traded on IntelligentCross by volume
SymbolNameASPEN MARKOUTS VS MAKER-TAKER VENUES (AVG BPS)
FXIISHARES CHINA LARGE-CAP ETF1.59
TQQQPROSHARES ULTRAPRO QQQ1.76
EEMISHARES MSCI EMERGING MARKET0.83
XLFFINANCIAL SELECT SECTOR SPDR0.79
HYGISHARES IBOXX HIGH YLD CORP0.41
Top ETFs traded on IntelligentCross by market share
SymbolNameMarket Share (BPS)ASPEN MARKOUTS VS MAKER-TAKER VENUES (AVG BPS)
FLBRFRANKLIN FTSE BRAZIL ETF6986.22
SPLBSPDR PORT LNG TRM CORP BND3122.19
SJNKSPDR BLOOMBERG SHORT TERM HI2241.92
GLDMSPDR GOLD MINISHARES TRUST2201.04
INDAISHARES MSCI INDIA ETF1891.12
30%
tighter spreads than the NBBO when ASPEN has the best quote.3
190
Average Trade Size4
340
Average Order Size4