Weekly Highlights

• For the last weekly update of 2022, we’d like to wish everyone a warm holiday season and a very happy New Year.

• We’d also like to thank our subscribers for a record-setting 2022! Through all sorts of market conditions, IntelligentCross has had a record-breaking year:

• IntelligentCross reached 3rd in FINRA’s weekly report on ATS trading volume for both Tier 1 and Tier 2 NMS securities for the first time this year. Since August, we have remained there for all but 3 weeks. The platform also breached 1% of the TCV this year and our average daily market-share has remained consistently above this threshold since the beginning of November.

• IntelligentCross’ unique combination of superior post-trade stability and displayed spread savings is driving adoption. Last week, orders displayed on our free market-data feed, IQX, arrived priced better than the NBBO over 6.7 million times per day, saving more than 30% of the spread. Month to date, spread savings were at their largest of the year, helping drive hit rates for displayed orders to their second highest of the year and overall match quantity of demi-block or larger to their best levels ever. All the while, post-trade stability for both Midpoint and ASPEN Fee-Fee remained better than the exchange average.

• 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 IQX. It’s available directly or through Exegy, MayStreet, Redline, and ACTIV.