Weekly Highlights

  • As we look back on another successful year, we are so grateful for the continued support of our subscribers, clients, and friends.

  • Monthly, from December 2020, to December 23rd 2021: the platform has had a 150% increase in overall daily matched shares, and a 135% increase in total consolidated volume market-share.

  • Our growth has elevated us to a FINRA weekly ranking of 5th or 6th for all ATS in NMS Tier 1 stocks since October (https://otctransparency.finra.org/otctransparency/AtsData).

  • Most importantly, we have seen a 300% increase in daily matched shares from orders that are displayed on our ASPEN^3 market-data feed, IQX calculated over the same period.

  • Displayed orders on ASPEN^3 were priced better than the NBBO on arrival in December over 40% of the time, improving the spread by over 30%.

  • Thank you again for your support and we look forward to working with you in 2022. We wish you a happy and healthy New Year.

Displayed Quote Stats

4-days through 12/23/21

Unique Names Per Day

Displayed Order Better Than NBBO %

Avg Spread Improvement %

Total

6233

30%

43%

ETF

1054

31%

53%

LARGE CAP

914

28%

38%

MID CAP

1281

28%

34%

OTHER

63

27%

29%

SMALL CAP

2924

28%

29%

Top Symbols

shares matched on the week

ADR

PBR1,110,808
NIO922,834
EDU806,964

ETF

EEM1,087,604
VXX1,067,575
SQQQ1,061,209

Large Cap

PFE1,455,294
T1,439,040
F1,328,046

Smid Cap

SOPA2,110,887
ALLK1,196,867
SNDL1,087,087

Trading Information

4-days through 12/23/21

4-days through 12/23/21

Quote Stability @ 20ms

Quote Stability @ 500ms

Average Trade Size

Average Order Size

Active Traded Names

Total

116.2

103.2

100

220

6597

Large Cap

113.6

94.8

80

140

823

Smid Cap

116.6

108.7

90

210

3070

ETF

123.8

108.1

170

270

746

ADR

123.1

112.7

130

320

390

Percent Names Traded by Share Group

SMID_CAP 45.3%LARGE_CAP 37.7%ADR 7.3%ETF 5.3%OTHER 4.5%

SMID_CAP

LARGE_CAP

ADR

ETF

OTHER