Weekly Highlights

  • More than half way through the month, August is shaping up as our fifth straight month in a row setting average daily market-share records versus the TCV.

  • During this five-month window, we have experienced both periods of stability with lower liquidity–such as early April, June, and August–and spikes in volume and volatility–such as late April-May, and mid-June. In all kinds of market conditions, spread improvement and post-trade stability help algo benchmark performance.

  • Orders displayed on our free market data feed, IQX, have improved the NBBO over 13mm times per day since the beginning of April– saving subscribers around 30% of the spread, with post-trade markouts less than half that of exchange averages.

  • Please contact the desk for more information on our weekly data or to connect to IQX – it's available directly or through Exegy, MayStreet, Redline, and ACTIV.

Displayed Quote Stats

5-days through 08/19/22

Unique Names Per Day

Displayed Order Better Than NBBO %

Avg Spread Improvement %

Total

7338

30%

37%

ETF

1411

28%

44%

LARGE CAP

818

31%

34%

MID CAP

1208

31%

32%

OTHER

112

34%

45%

SMALL CAP

3790

32%

26%

Top Symbols

shares matched on the week

ADR

HLN1,855,667
TME1,446,539
ABEV1,353,639

ETF

TQQQ1,594,703
SQQQ1,120,321
XLF1,064,284

Large Cap

NU2,926,399
SNAP2,483,688
AMZN2,083,477

Smid Cap

BBBY4,084,295
TLRY2,695,758
ENDP2,397,298

Trading Information

5-days through 08/19/22

5-days through 08/19/22

Quote Stability @ 20ms

Quote Stability @ 500ms

Average Trade Size

Average Order Size

Active Traded Names

Total

92.7

82

100

240

6225

Smid Cap

93.8

86.8

100

230

4314

Large Cap

90.8

75.1

90

130

708

ETF

94.9

83.2

180

340

699

ADR

95.6

88.3

150

310

339

Percent Names Traded by Share Group

SMID_CAP 47.1%LARGE_CAP 38.1%ADR 6.2%ETF 4.4%OTHER 4.2%

SMID_CAP

LARGE_CAP

ADR

ETF

OTHER