Daily Displayed Highlights
4-days through 06/02/23
8.0 million | Orders priced better than the NBBO on arrival |
7037 | Unique displayed securities |
30.8% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.3 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
On June 5th, IntelligentCross set a new platform record for market share versus total consolidated volume, rising above 146bps for the first time ever on the strength of our unique liquidity.
Orders of roundlot sizes and larger displayed on our free market data feed, IQX, were priced better than the NBBO over 4.4million times, offering savings of approximately 30% of the spread. Accessing our displayed liquidity was easier than ever as over 15 million displayed orders had resting times of ½ second or longer.
Interactions with displayed liquidity on ASPEN Fee/Fee has been a key driver of the platform’s growth. Last week was our best week ever for daily matched shares of displayed orders, and also our highest ever hit rates for IOC order types across the platform, including Midpoint.
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 you can access directly, or through Exegy, MayStreet, Redline, and ACTIV.
Displayed Quote Stats
4-days through 06/02/23
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 7018 | 15.5% | 30.8% |
ETF | 1292 | 12.3% | 29.0% |
LARGE CAP | 781 | 18.6% | 31.7% |
MID CAP | 1133 | 16.3% | 31.3% |
OTHER | 453 | 60.2% | 31.8% |
SMALL CAP | 3361 | 13.0% | 31.1% |
Top Symbols
ADR
| VALE | 3,291,829 |
| NIO | 2,743,556 |
| BEKE | 1,846,133 |
ETF
| SPY | 2,808,498 |
| XLF | 2,418,129 |
| FXI | 2,327,632 |
Large Cap
| PLTR | 5,381,411 |
| LCID | 3,592,533 |
| TSLA | 3,117,336 |
Smid Cap
| TTOO | 4,326,298 |
| FFIE | 3,421,994 |
| SOFI | 3,094,724 |
Trading Information
4-days through 06/02/23
4-days through 06/02/23 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 92.8 | 83.9 | 90 | 220 | 6831 |
Smid Cap | 94.1 | 88.7 | 80 | 190 | 4357 |
ETF | 94.7 | 81.5 | 150 | 410 | 1083 |
Large Cap | 90.2 | 76.3 | 90 | 130 | 660 |
ADR | 95.8 | 89.8 | 120 | 270 | 341 |
Percent Names Traded by Share Group
SMID_CAP
LARGE_CAP
ADR
ETF
OTHER