July finished as our best month ever for market share vs the TCV, and the final week of July was our single best week ever averaging over 85bps daily.
Since breaking above 80bps of TCV for the first time at the end of April, we have stayed above 80bps for 12 of the subsequent 14 weeks. And last week was our third time ever being above 1 percent of daily continuous, ex-auction volume.
This is important because overall market volumes are down over 15% since the end of April, with 11 exchanges losing more than 20%.
Our subscribers continue to benefit from our unique displayed liquidity where last week we averaged over 12mm orders per day priced better than the NBBO on arrival on our free market data feed, IQX. Displayed orders on ASPEN with fills show post-trade stability 1.5x better than exchanges out to 1 second.
Please contact the desk for more information on our weekly data or to connect for free to IQX – it's available directly or through Exegy, MayStreet, Redline, and ACTIV.
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
---|---|---|---|
Total | 7129 | 39.5% | 29.1% |
ETF | 1415 | 47.1% | 28.6% |
LARGE CAP | 786 | 35.6% | 29.4% |
MID CAP | 1180 | 34.2% | 29.3% |
OTHER | 83 | 46.9% | 32.0% |
SMALL CAP | 3667 | 27.3% | 30.6% |
VALE | 1,557,459 |
NOK | 1,380,710 |
ITUB | 1,379,222 |
TQQQ | 2,003,983 |
XLF | 1,568,876 |
HYG | 1,084,876 |
SNAP | 5,145,437 |
T | 3,074,538 |
CCL | 2,631,381 |
XELA | 3,754,489 |
VTGN | 2,774,659 |
SNDL | 2,450,786 |
5-days through 07/22/22 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
---|---|---|---|---|---|
Total | 92.4 | 79.9 | 110 | 250 | 6311 |
Smid Cap | 94 | 86.6 | 100 | 240 | 4332 |
ETF | 95.2 | 83.9 | 190 | 400 | 797 |
Large Cap | 89.8 | 70.7 | 90 | 130 | 715 |
ADR | 95.4 | 87.2 | 160 | 310 | 351 |
SMID_CAP
LARGE_CAP
ADR
ETF
OTHER