Daily Displayed Highlights
5-days through 10/13/23
5.7 million | Orders priced better than the NBBO on arrival |
7673 | Unique displayed securities |
29.7% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.0 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
Last week IntelligentCross set a new market share record of the total consolidated volume (TCV) at just over 178bps on 10/10. We were also above 2% for FINRA Tier 1 names twice in a week for the first time ever.
Our growth wouldn’t be possible without the dedication of our team. And their dedication is getting noticed. Congratulations to our very own Sharon Flanagan who has been named a finalist for the Markets Media Women in Finance Awards.
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 10/13/23
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 7673 | 14.6% | 29.7% |
ETF | 1345 | 11.2% | 27.9% |
LARGE CAP | 784 | 18.1% | 30.4% |
MID CAP | 1130 | 15.7% | 30.8% |
OTHER | 587 | 53.3% | 32.7% |
SMALL CAP | 3829 | 11.8% | 30.3% |
Top Symbols
ADR
| ITUB | 2,976,278 |
| NIO | 2,141,374 |
| VALE | 2,006,117 |
ETF
| SPDN | 6,234,269 |
| HYG | 5,304,435 |
| SQQQ | 3,488,958 |
Large Cap
| BAC | 4,500,645 |
| T | 3,581,504 |
| F | 3,294,646 |
Smid Cap
| TELL | 3,509,542 |
| AAL | 3,357,002 |
| ETWO | 2,646,392 |
Trading Information
5-days through 10/13/23
5-days through 10/13/23 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 92 | 82.5 | 90 | 340 | 7292 |
Smid Cap | 93.4 | 88 | 80 | 190 | 4534 |
ETF | 94.8 | 81.9 | 160 | 960 | 1305 |
Large Cap | 89.6 | 75.9 | 80 | 120 | 678 |
ADR | 95.2 | 89.1 | 120 | 230 | 370 |
Percent Names Traded by Share Group
LARGE_CAP
SMID_CAP
ETF
ADR
OTHER