Weekly Highlights
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.
Displayed Quote Stats
5-days through 05/06/22
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 6950 | 46.3% | 26.4% |
ETF | 1304 | 54.5% | 28.4% |
LARGE CAP | 839 | 37.5% | 22.4% |
MID CAP | 1198 | 36.8% | 23.8% |
OTHER | 81 | 10.3% | 46.3% |
SMALL CAP | 3530 | 27.8% | 27.4% |
Top Symbols
ADR
| ITUB | 2,516,841 |
| NOK | 1,595,337 |
| NIO | 1,393,488 |
ETF
| XLF | 1,961,772 |
| SPY | 1,488,091 |
| QQQ | 1,144,186 |
Large Cap
| AMD | 3,561,318 |
| T | 2,231,938 |
| UBER | 2,186,459 |
Smid Cap
| SOFI | 2,473,051 |
| SWN | 2,052,288 |
| OPEN | 2,000,581 |
Trading Information
5-days through 05/06/22
5-days through 05/06/22 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 89.4 | 74.5 | 110 | 280 | 6176 |
Smid Cap | 92 | 83.1 | 100 | 240 | 4264 |
Large Cap | 84.8 | 61.5 | 90 | 150 | 753 |
ETF | 92.1 | 73.2 | 170 | 360 | 705 |
ADR | 94.7 | 85.3 | 150 | 330 | 334 |
Percent Names Traded by Share Group
SMID_CAP
LARGE_CAP
ADR
OTHER
ETF