Daily Displayed Highlights
5-days through 10/28/22
9.1 million | Orders priced better than the NBBO on arrival |
7214 | Unique displayed securities |
29.6% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.5 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
The first week of November closed with our best day ever for matched volume at just under 150mm shares single counted. Friday also capped off our second-best week ever for market-share of the TCV at just over 1%.
Last week, both Midpoint and IOC hit-rates were at their highest of the year and we saw an average of 14mm orders per day displayed on our free market data feed, IQX that were priced better than the NBBO on arrival with average spread savings of over 30%. This helps to drive at least one side of our displayed quote to be at or better than the inside for over 73 percent of the day.
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.
Displayed Quote Stats
5-days through 10/28/22
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 7214 | 36.8% | 29.6% |
ETF | 1442 | 46.7% | 28.6% |
LARGE CAP | 751 | 26.0% | 32.0% |
MID CAP | 1163 | 28.6% | 30.0% |
OTHER | 126 | 42.4% | 34.6% |
SMALL CAP | 3733 | 25.7% | 29.4% |
Top Symbols
ADR
| VALE | 3,046,981 |
| NIO | 2,977,185 |
| PBR | 2,884,633 |
ETF
| FXI | 2,594,221 |
| EEM | 2,371,898 |
| TQQQ | 2,027,941 |
Large Cap
| SNAP | 5,058,141 |
| F | 4,895,784 |
| AMZN | 3,478,156 |
Smid Cap
| DNA | 3,282,783 |
| TCDA | 2,698,531 |
| SWN | 2,194,356 |
Trading Information
5-days through 10/28/22
5-days through 10/28/22 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 92.7 | 81.5 | 100 | 240 | 6269 |
Smid Cap | 94 | 87.6 | 90 | 230 | 4195 |
ETF | 95.5 | 83.6 | 190 | 380 | 824 |
Large Cap | 90.2 | 73.2 | 90 | 130 | 660 |
ADR | 96 | 88.3 | 140 | 350 | 334 |
Percent Names Traded by Share Group
LARGE_CAP
SMID_CAP
ADR
OTHER
ETF