Daily Displayed Highlights
5-days through 10/06/23
7.4 million | Orders priced better than the NBBO on arrival |
7708 | Unique displayed securities |
30.1% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.2 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
IntelligentCross began the fourth quarter by setting a new record for market share. For the first time, we surpassed 170 basis points of total consolidated volume (TCV) on consecutive days last week.
Our growth is driven by the unique displayed liquidity of our free market data feed, IQX. Last week, orders of round lot and larger displayed on IQX were priced better than the NBBO on arrival over 5.6 million times a day and were at or better than the inside 88% of the trading day. Although overall market volumes have lately drifted towards the touch, IQX continues to grow by offering valuable spread savings: last week was our best week ever for daily matched shares against displayed orders.
If you're not already using our platform to optimize your trading performance, we encourage you to get in touch. Our displayed ASPEN quotes are available through our market data feed, IQX, which you can access directly, or through Exegy, MayStreet, Redline, and ACTIV.
Displayed Quote Stats
5-days through 10/06/23
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 7708 | 13.9% | 30.1% |
ETF | 1363 | 11.1% | 29.5% |
LARGE CAP | 786 | 17.3% | 30.1% |
MID CAP | 1124 | 15.3% | 31.0% |
OTHER | 595 | 29.1% | 33.5% |
SMALL CAP | 3842 | 11.2% | 30.8% |
Top Symbols
ADR
| NOK | 3,209,854 |
| ITUB | 3,119,727 |
| VALE | 1,788,482 |
ETF
| SQQQ | 9,499,379 |
| HYG | 7,189,084 |
| SPDN | 5,925,070 |
Large Cap
| RIVN | 6,720,870 |
| BAC | 4,744,756 |
| NEE | 3,809,732 |
Smid Cap
| AFRM | 2,899,298 |
| SDC | 2,201,346 |
| SWN | 2,157,088 |
Trading Information
5-days through 10/06/23
5-days through 10/06/23 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 92.2 | 82.2 | 90 | 340 | 7358 |
Smid Cap | 93.5 | 87.7 | 80 | 180 | 4524 |
ETF | 94.8 | 81.3 | 180 | 890 | 1338 |
Large Cap | 90 | 75.4 | 80 | 120 | 672 |
ADR | 95.2 | 88.7 | 120 | 250 | 367 |
Percent Names Traded by Share Group
LARGE_CAP
SMID_CAP
ETF
ADR
OTHER