Daily Displayed Highlights
5-days through 11/18/22
9.1 million | Orders priced better than the NBBO on arrival |
7589 | Unique displayed securities |
29.4% | 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
With the holiday near, we are grateful for our subscribers. Thanks to your support, our share of TCV has grown by over 75% this year.
In fact, last week IntelligentCross’ market share climbed above 1.18% for the first-time last Monday and remained above 1% on average for a record third week in a row.
Our unique spread-saving liquidity is driving our best month ever for daily matched shares. Last week, orders displayed on our free market data feed, IQX, were priced better than the NBBO on arrival over 13 million times a day. In general, IQX quotes are 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.
Happy Thanksgiving!
Displayed Quote Stats
5-days through 11/18/22
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 7590 | 38.1% | 29.4% |
ETF | 1495 | 45.8% | 28.6% |
LARGE CAP | 775 | 31.0% | 30.1% |
MID CAP | 1199 | 30.3% | 30.3% |
OTHER | 469 | 89.7% | 35.3% |
SMALL CAP | 3653 | 25.0% | 30.5% |
Top Symbols
ADR
| BBD | 2,783,398 |
| VALE | 2,252,919 |
| LU | 2,187,308 |
ETF
| FXI | 2,128,036 |
| EEM | 2,042,080 |
| HYG | 1,875,865 |
Large Cap
| CCL | 3,063,835 |
| AMD | 2,947,365 |
| T | 2,788,704 |
Smid Cap
| MULN | 2,850,761 |
| ARDX | 1,617,277 |
| DNA | 1,578,249 |
Trading Information
5-days through 11/18/22
5-days through 11/18/22 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 92.5 | 81.8 | 90 | 210 | 6430 |
Smid Cap | 93.8 | 87.4 | 80 | 200 | 4261 |
ETF | 95.2 | 83.4 | 200 | 320 | 876 |
Large Cap | 90 | 73 | 90 | 120 | 676 |
ADR | 95.4 | 87.1 | 130 | 280 | 328 |
Percent Names Traded by Share Group
SMID_CAP
LARGE_CAP
ADR
OTHER
ETF