Daily Displayed Highlights
5-days through 12/22/23
4.7 million | Orders priced better than the NBBO on arrival |
7761 | Unique displayed securities |
30.4% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.1 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
We hope everyone has had a joyous long holiday weekend and we wish everyone a happy, healthy, and prosperous New Year.
Among other things, this time of year offers a chance for both reflection and anticipation. 2023 was our best year ever for matched volumes and market share across the board. We have been the number 2 ATS in both Tier 1 and 2 names since August 14th for available FINRA weekly reports on ATS trading volume and rose above 2% market share of the total consolidated volume at our peak in notional terms and Tier 1 names specifically. And we are confident that 2024 will be better still as we look to make it easier to access the unique spread-saving liquidity of ASPEN IQX.
This time of year also offers a chance for thanks, and we thank our subscribers for their continued trust in our ability to maintain and improve the IntelligentCross ecosystem for performant liquidity.
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.
Displayed Quote Stats
5-days through 12/22/23
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 7762 | 13.1% | 30.4% |
ETF | 1495 | 8.3% | 29.1% |
LARGE CAP | 834 | 16.9% | 30.7% |
MID CAP | 1154 | 14.9% | 30.6% |
OTHER | 500 | 59.8% | 35.7% |
SMALL CAP | 3780 | 10.9% | 30.4% |
Top Symbols
ADR
| NIO | 4,283,097 |
| VALE | 2,275,849 |
| BABA | 1,646,318 |
ETF
| SQQQ | 4,751,590 |
| SPY | 3,830,375 |
| EEM | 3,227,504 |
Smid Cap
| NKLA | 7,210,631 |
| TELL | 3,262,149 |
| BLUE | 3,053,256 |
Large Cap
| F | 4,384,577 |
| PFE | 3,505,831 |
| UBER | 3,381,088 |
Trading Information
5-days through 12/22/23
5-days through 12/22/23 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 91.3 | 81.6 | 90 | 240 | 7683 |
Smid Cap | 92.3 | 85.9 | 80 | 170 | 4579 |
ETF | 94.2 | 82.2 | 150 | 650 | 1517 |
Large Cap | 89.4 | 76.3 | 80 | 110 | 714 |
ADR | 94.7 | 88.4 | 110 | 230 | 394 |
Percent Names Traded by Share Group
LARGE_CAP
SMID_CAP
ETF
ADR
OTHER