Weekly Highlights

• Last week, the platform set a new record for market-share of the Total Consolidated Volume, “TCV”, rising just above 1.38%.

• Our market-share growth has continued during April’s relative calm in overall trading costs with post-trade instability and spreads remaining near their lowest levels of 2023. Although calmer trading conditions have also come with lower TCV, last week, the platform experienced its highest hitrates of the year in ASPEN Fee/Fee.

• Simply put, subscribers are resting orders longer and for larger size. Last week, the average resting time of day orders before cancel on ASPEN Fee/Fee was at its highest of the year as was the percent of orders resting at least half a second. This environment drove our second best week of the year for average daily order counts of roundlots and larger displayed orders on our free market data feed, IQX, as well as average daily displayed shares matched, suggesting our unique liquidity remains strong despite external trends.

• If you're not already using our platform to optimize your trading performance, we encourage you to get in touch. Our displayed quotes are available through our market data feed, IQX, which can be accessed directly or through Exegy, MayStreet, Redline, and ACTIV.