Weekly Highlights

• We welcome everyone back to a full week of trading and hope you had a warm and healthy Thanksgiving holiday.

• Not unexpectedly, market volumes were suppressed last week, but overall signs of a relatively easy-to-trade environment continued. Spreads, quote stability, and average trade sizes remained consistent week over week. Mirroring this overall environment, IntelligentCross saw its most “patient” order flow of the year across the platform as measured by percent of orders resting at least 500ms.

• One item of note, odd lot participation as measured by percent of trades largely bottomed with the market around 10/27 and has been increasing ever since, with last week on par with the highest weeks of the year for Large-Cap and ETF odd lots suggesting, potentially, some new retail enthusiasm.

• 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.