4.6 million | Orders priced better than the NBBO on arrival |
7709 | Unique displayed securities |
31.1% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.1 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
November was our best month ever: we matched over 175 million shares per day single counted, and averaged over 165 bps market share of the total consolidated volume as well while maintaining the number 2 ranking in both Tier 1 and Tier 2 securities, according to FINRA’s weekly report on trading volume.
Looking below the surface, subscribers seeking more urgent liquidity through IOC’s, and those seeing larger sizes in demi and block matches helped drive this growth as we had our best month ever for both.
Highlights for security types show that November had our highest hit rates in ETFs for orders displayed on our free market data feed, IQX. IQX continues to bring subscribers unique spread saving liquidity: displayed orders of roundlot and larger arrived priced better than the NBBO over 3.4 million times per day in November. Please see our expanded thoughts on the importance of our platform’s displayed liquiidity here: Bringing Liquidity to the Public Markets: Why a Protected Quote?
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.
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
---|---|---|---|
Total | 7709 | 13.6% | 31.1% |
ETF | 1416 | 7.6% | 29.1% |
LARGE CAP | 791 | 17.8% | 31.4% |
MID CAP | 1125 | 15.7% | 31.8% |
OTHER | 486 | 67.9% | 33.0% |
SMALL CAP | 3892 | 11.8% | 31.3% |
VALE | 2,615,338 |
LU | 2,438,393 |
RDHL | 2,122,021 |
HYG | 4,633,427 |
SPY | 3,935,186 |
XLF | 3,101,430 |
F | 4,193,327 |
PCG | 3,623,309 |
PLTR | 3,524,501 |
FTCH | 5,525,339 |
IMGN | 3,600,058 |
MCOM | 3,266,423 |
5-days through 12/01/23 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
---|---|---|---|---|---|
Total | 92.4 | 83.3 | 90 | 260 | 7517 |
Smid Cap | 93.3 | 87.7 | 90 | 180 | 4626 |
ETF | 94.8 | 83.8 | 140 | 710 | 1403 |
Large Cap | 90.7 | 77.9 | 80 | 120 | 679 |
ADR | 94.3 | 87.5 | 130 | 270 | 381 |
LARGE_CAP
SMID_CAP
ETF
ADR
OTHER