Daily Displayed Highlights
5-days through 01/13/23
7.0 million | Orders priced better than the NBBO on arrival |
8306 | Unique displayed securities |
30.2% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.4 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
Last week ASPEN Fee/Fee displayed a quote at or better than the NBBO for 65% of the day. An average of over $4.9 billion in transactions were reported to the SIP at prices inferior to what ASPEN Fee/Fee displayed daily.
This unique liquidity has January shaping up to be our best month ever for both matched shares in larger quantities of demi-block or higher, and for shares executed through IOC order types. Demi-block or larger now accounts for over 9% of our executed shares, while IOC order types account for 30%.
If you’re not using our platform to fully unlock trading performance, get in touch. Our displayed quotes are available via our free market data feed, IQX. 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.
Displayed Quote Stats
5-days through 01/13/23
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 8305 | 30.8% | 30.2% |
ETF | 1960 | 35.5% | 28.8% |
LARGE CAP | 820 | 25.9% | 31.7% |
MID CAP | 1179 | 28.4% | 30.3% |
OTHER | 493 | 84.8% | 41.5% |
SMALL CAP | 3855 | 23.0% | 30.4% |
Top Symbols
ADR
| BBD | 3,237,607 |
| LU | 2,900,457 |
| VALE | 2,712,488 |
ETF
| FXI | 2,852,351 |
| HYG | 2,410,926 |
| EEM | 2,212,536 |
Large Cap
| BAC | 4,129,461 |
| F | 3,890,739 |
| TSLA | 2,511,210 |
Smid Cap
| XELA | 16,498,698 |
| PRTY | 4,206,274 |
| BBBY | 3,919,289 |
Trading Information
5-days through 01/13/23
5-days through 01/13/23 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 92.5 | 82.8 | 100 | 220 | 7040 |
Smid Cap | 93.5 | 87.6 | 100 | 220 | 4415 |
ETF | 94.5 | 81.8 | 160 | 310 | 1239 |
Large Cap | 90.4 | 76 | 90 | 130 | 695 |
ADR | 95.3 | 88.2 | 130 | 270 | 355 |
Percent Names Traded by Share Group
SMID_CAP
LARGE_CAP
ADR
ETF
OTHER