Weekly Highlights

  • IntelligentCross closed the first week of November with its 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 TCV, at just over 1%.

  • Both Midpoint and IOC hit-rates were at their highest of the year last week. 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. These orders had average spread savings of over 30% and helped to drive at least one side of our displayed quote to be at or better than the inside for over 70 percent of the day.

  • If you’re not using our platform to fully unlock trading performance, check out our insights on How to Trade the Big Days: Understanding Liquidity Formation - TabbFORUM and get in touch. Contact the desk for more information on our weekly data or to connect to our market data feed, IQX. It’s available directly or through Exegy, MayStreet, Redline, and ACTIV.

Displayed Quote Stats

5-days through 11/04/22

Unique Names Per Day

Displayed Order Better Than NBBO %

Avg Spread Improvement %

Total

7257

29%

39%

ETF

1459

28%

49%

LARGE CAP

748

33%

27%

MID CAP

1148

31%

29%

OTHER

137

27%

51%

SMALL CAP

3766

30%

26%

Top Symbols

shares matched on the week

ADR

VALE4,132,075
PBR4,113,440
BBD3,034,790

ETF

HYG2,882,730
EEM2,854,481
FXI2,612,351

Large Cap

AMZN3,849,640
WBD3,421,962
F3,104,590

Smid Cap

SOFI3,655,999
LUMN3,055,574
AUY2,495,742

Trading Information

5-days through 11/04/22

5-days through 11/04/22

Quote Stability @ 20ms

Quote Stability @ 500ms

Average Trade Size

Average Order Size

Active Traded Names

Total

92

79.8

100

230

6278

Smid Cap

93.5

86.1

90

210

4218

ETF

94.5

80.8

200

350

801

Large Cap

89.2

70.6

90

130

654

ADR

95.5

87.2

140

310

337

Percent Names Traded by Share Group

SMID_CAP 43.9%LARGE_CAP 39.3%ADR 7.1%OTHER 5.0%ETF 4.7%

SMID_CAP

LARGE_CAP

ADR

OTHER

ETF