Weekly Highlights
Last week IntelligentCross had its highest market-share day ever vs the total consolidated volume. This was supported by the platform's best week for demi-block or larger trades (starting at 2000 shares or $100k).
Market-share growth has propelled us into the top 5 for total shares traded of NMS Tier 1 stocks in FINRA ATS rankings for 2 of the last 4 weeks (https://otctransparency.finra.org/otctransparency/AtsData).
Orders displayed on our ASPEN^3 market-data feed, IQX, continue to provide unique liquidity for subscribers. Last week we saw displayed orders in over 5900 names daily. These displayed orders were priced better than the NBBO over 7.8mm times per day on arrival.
Please contact the desk for more information on getting IQX - it's available directly or through Exegy, MayStreet, Redline, and ACTIV.
Displayed Quote Stats
5-days through 11/12/21
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 5949 | 30.4% | 43.5% |
ETF | 977 | 29.8% | 49.7% |
LARGE CAP | 939 | 32.2% | 36.6% |
MID CAP | 1341 | 30.1% | 34.3% |
OTHER | 70 | 27.3% | 34.2% |
SMALL CAP | 2624 | 29.5% | 28.4% |
Top Symbols
ADR
| EDU | 1,680,738 |
| NIO | 1,331,070 |
| VALE | 1,185,462 |
ETF
| XLF | 1,310,779 |
| VXX | 1,210,555 |
| HYG | 1,024,736 |
Large Cap
| F | 3,799,798 |
| PLTR | 1,910,571 |
| UBER | 1,617,773 |
Smid Cap
| ZNGA | 2,256,996 |
| PSFE | 1,603,953 |
| PPSI | 1,536,163 |
Trading Information
5-days through 11/12/21
5-days through 11/12/21 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 90.5 | 81.3 | 110 | 240 | 6702 |
Large Cap | 88.7 | 76 | 90 | 140 | 845 |
Smid Cap | 91 | 85.2 | 100 | 230 | 3183 |
ADR | 93.3 | 85.7 | 140 | 310 | 388 |
ETF | 95.8 | 86.8 | 160 | 330 | 750 |
Percent Names Traded by Share Group
SMID_CAP
LARGE_CAP
ADR
ETF
OTHER