Weekly Highlights

• Share matching on the platform is hitting new highs: On February 2nd, the platform achieved its best day ever in terms of total matched shares, reaching 177 million shares, single-counted. This resulted in the platform having its best week for average daily shares matched.

• Increased usage of IOC order types has contributed to this success. Last week was our best week for matched shares using IOC order types and our highest for overall IOC hit-rates. The IOCs accounted for over 50% of all interactions on single-counted matched shares.

• IOC order growth is due to the unique spread-saving liquidity in ASPEN Fee/Fee. On average, IOC orders executed in ASPEN Fee/Fee had better performance compared to full spread over 17% of the time, and over 20% of the time when a displayed order was present — saving more than 3 bps compared to the total spread.

• If you're not using our platform to optimize your trading performance, get in touch. Our displayed quotes are available through our free market data feed, IQX. IQX can be accessed directly or through Exegy, MayStreet, Redline, and ACTIV. Contact the desk for more information on our weekly data or to connect to IQX.