Last week, IntelligentCross set a platform record for average quantity matched, registering more than 104 million single-counted shares daily.
IOC utilization has been growing on both midpoint and ASPEN^3, and last week set a record at 63 million shares daily against both lit and dark resting orders. This is 30% of our total matched flow.
More than 96% of orders displayed on IQX, our free market data feed, were median trade size or larger. Additionally, displayed round-lot and larger orders improved the NBBO over 11 million times per day last week.
Increasing IOC liquidity and consistent spread improvement from displayed orders shows discreet matching continues to add value for our subscribers, even as trading urgency increased in response to market volatility.
Please contact the desk for more information on getting IQX - it's available directly or through Exegy, MayStreet, Redline, and ACTIV.
Unique Names Per Day
Displayed Order Better Than NBBO %
Avg Spread Improvement %
5-days through 05/06/22
Quote Stability @ 20ms
Quote Stability @ 500ms
Average Trade Size
Average Order Size
Active Traded Names