Weekly Highlights

• October closed as IntelligentCross’ best month ever for overall platform hit rate and for average daily matched shares in Midpoint. And, for a record 9th week in a row, IntelligentCross is listed 3rd in FINRA’s weekly report on ATS trading volume in Tier 1 NMS securities. A cornerstone of our performance is consistently available spread-saving liquidity through orders displayed on our free market-data feed, IQX.

• Bloomberg has just posted a detailed report on IntelligentCross that includes a breakdown of what sets ASPEN apart. Author Roli Bhotika found that ASPEN's displayed order size “is higher than the industry median trade by 70-80% on average and 24x for ETFs.” and noted that “in September, its displayed quote was at or better than the NBBO prices 74% of the time and better than it 14.9% of the time, when weighted by industry notional value traded for the securities.”

• The report concludes that ASPEN is a “unique matching solution with advantages like adverse-selection protection, higher quote stability, lower markouts and price improvement.” The five-part series is available only on the Bloomberg Terminal. Terminal subscribers can search "IntelligentCross."

• If you’re not using our platform to unlock trading performance, get in touch.Our free market data feed, IQX, is available directly or through Exegy, MayStreet, Redline, and ACTIV.