Weekly Highlights

• Last week, IntelligentCross had its best two days of matching ever, at over 216 and 218 million shares single counted respectively. This drove a record-setting week for market share of the total consolidated volume (TCV) as well, putting us above 175bps.

• Growth is being driven by three key indicators of quality liquidity: 1. Size: Last week was the second record week in a row for matched shares of demi block and larger (starting at 2000 shares). 2. Urgency: Last week was a record week for shares matched against IOC order types. 3. Price: As spreads remain elevated and intraspread liquidity remains depressed market wide, roundlot and larger orders displayed on our free market data feed, IQX, arrive priced better than the NBBO over 4.9 million times per day.

• US Veteran’s Day is observed at the end of this week. While it is not a trading holiday, the day’s importance bears mention. We are sure you join us in sending our thanks to all those who have and continue to serve, and in remembering and honoring those we’ve lost.

• If you haven't yet leveraged our platform to boost your trading outcomes, we urge you to connect with us. Our displayed ASPEN quotes are available through our market data feed, IQX, which can be accessed directly or via providers such as Exegy, MayStreet, Redline, and ACTIV.