Weekly Highlights

• Market wide, execution conditions likely improved last week with increased post trade quote stability, reduced spreads, and increased average trade sizes, with the notable exception of ETFs where trade sizes and volumes declined as the VIX has remained near its YTD lows and range bound.

• IntelligentCross responded to this relatively benign trading environment with its best week ever for demi and block daily match quantities (trades greater than or equal to 2000 shares). And relative to ETFs, we had our best week ever for a number of active names ordered.

• The platform’s unique liquidity, as evidenced by the growth in blocks and ETFs, is anchored by IQX, our free market data feed of displayed liquidity on ASPEN Fee/Fee. Last week, roundlot and larger orders displayed on IQX arrived priced better than the NBBO over 3mm times per day and IQX was at or better than the inside 90% of the trading day. Check out our weekly post of the available opportunity here.

• 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.