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

26%

46%

ETF

1304

28%

54%

LARGE CAP

839

22%

38%

MID CAP

1198

24%

37%

OTHER

81

46%

10%

SMALL CAP

3530

27%

28%

Top Symbols

shares matched on the week

ADR

ITUB2,516,841
NOK1,595,337
NIO1,393,488

ETF

XLF1,961,772
SPY1,488,091
QQQ1,144,186

Large Cap

AMD3,561,318
T2,231,938
UBER2,186,459

Smid Cap

SOFI2,473,051
SWN2,052,288
OPEN2,000,581

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 45.9%LARGE_CAP 38.2%ADR 5.9%OTHER 5.5%ETF 4.5%

SMID_CAP

LARGE_CAP

ADR

OTHER

ETF