Daily Displayed Highlights
5-days through 11/04/22
10.8 million | Orders priced better than the NBBO on arrival |
7256 | Unique displayed securities |
29.5% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.6 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
IntelligentCross set more records last week: total shares matched at just over 165mm single-counted, and 1.17% market share of the TCV.
We also saw our best week ever for matches of demi-block or larger (starting at 2000 shares) and for IOC hit-rates across the platform.
Volumes are being driven by our unique displayed liquidity. Orders visible on our free market data feed, IQX were priced better than the NBBO on arrival over 10mm times per day last week, with an average spread savings of 29%. Almost a third of subscribers who post orders on IQX have hit-rates higher than 10% and for takers, IQX quote is at or better than the NBBO over 70% of the day.
If you’re not using our platform to fully unlock trading performance, 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 | 38.6% | 29.5% |
ETF | 1459 | 49.2% | 28.1% |
LARGE CAP | 748 | 27.0% | 32.8% |
MID CAP | 1148 | 29.1% | 30.6% |
OTHER | 137 | 51.3% | 26.8% |
SMALL CAP | 3766 | 26.5% | 30.2% |
Top Symbols
ADR
| VALE | 4,132,075 |
| PBR | 4,113,440 |
| BBD | 3,034,790 |
ETF
| HYG | 2,882,730 |
| EEM | 2,854,481 |
| FXI | 2,612,351 |
Large Cap
| AMZN | 3,849,640 |
| WBD | 3,421,962 |
| F | 3,104,590 |
Smid Cap
| SOFI | 3,655,999 |
| LUMN | 3,055,574 |
| AUY | 2,495,742 |
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
LARGE_CAP
SMID_CAP
ADR
OTHER
ETF