Weekly Highlights

  • Q1-2022 was the most active quarter for ETFs marketwide since Q1-2020, as traders looked for efficient means to respond to macro events.

  • During the past quarter, IntelligentCross traded more than $560 million daily in over 2200 ETFs (single-sided) among at least 70 different participants on average.

  • Orders in ETFs displayed on our market data feed, IQX, improved the NBBO over 2.3 million times per day, and these orders rested more than 500ms on average.

  • The average displayed ETF order on ASPEN^3 is just over 16x the median trade size in the name.

  • 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 04/08/22

Unique Names Per Day

Displayed Order Better Than NBBO %

Avg Spread Improvement %

Total

6850

28%

45%

ETF

1204

29%

51%

LARGE CAP

865

26%

40%

MID CAP

1243

27%

38%

OTHER

100

25%

30%

SMALL CAP

3440

30%

27%

Top Symbols

shares matched on the week

ADR

TME1,553,596
BEKE1,156,190
VALE1,147,725

ETF

XLF3,264,769
EEM1,288,081
UVXY1,068,087

Large Cap

F2,852,927
TWTR2,735,545
BAC2,447,558

Smid Cap

SOFI2,193,461
SNDL1,959,733
DNA1,663,244

Trading Information

5-days through 04/08/22

5-days through 04/08/22

Quote Stability @ 20ms

Quote Stability @ 500ms

Average Trade Size

Average Order Size

Active Traded Names

Total

91.8

79.6

90

230

6443

Smid Cap

93.8

86.5

90

250

4430

Large Cap

88.5

69.2

80

130

795

ETF

94.8

82.3

180

320

686

ADR

95.4

88.7

130

300

350

Percent Names Traded by Share Group

SMID_CAP 45.0%LARGE_CAP 39.4%ADR 7.1%OTHER 4.5%ETF 3.9%

SMID_CAP

LARGE_CAP

ADR

OTHER

ETF