Daily Displayed Highlights
5-days through 03/01/24
3.4 million | Orders priced better than the NBBO on arrival |
6767 | Unique displayed securities |
33.5% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.5 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
February was IntelligentCross’ best month ever for average daily matched shares, as well as market share of the total consolidated volume (TCV), growing to 194 million shares per day (single counted) and over 160bps of market share.
Driving our growth was subscriber success with larger sizes; February was our best month ever for matches of demi block and larger in both large and smid cap names (starting at 2000 shares). Additionally, as market conditions likely made execution more difficult last month, subscribers that needed more urgent liquidity made February our best month ever for daily shares matched against IOC orders including Midpoint.
If we break out post trade performance for IOC orders in February, we see that IntelligentCross still delivers better results than the exchange average measured in both post trade quote stability and absolute markouts to 500ms.
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 03/01/24
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 6767 | 12.5% | 33.5% |
ETF | 1511 | 11.1% | 26.5% |
LARGE CAP | 834 | 15.6% | 36.1% |
MID CAP | 1123 | 11.2% | 38.9% |
OTHER | 460 | 57.7% | 36.3% |
SMALL CAP | 2840 | 8.2% | 39.2% |
Top Symbols
ADR
| VALE | 2,631,719 |
| NIO | 2,502,278 |
| PBR | 1,815,216 |
ETF
| HYG | 4,254,563 |
| IBIT | 3,002,884 |
| XLF | 2,909,685 |
Large Cap
| RIVN | 3,005,236 |
| PFE | 2,953,761 |
| NU | 2,945,808 |
Smid Cap
| FSR | 10,480,574 |
| GOEV | 8,701,120 |
| SOUN | 4,403,915 |
Trading Information
5-days through 03/01/24
5-days through 03/01/24 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 91 | 81.6 | 90 | 220 | 7583 |
Smid Cap | 92.3 | 85.8 | 90 | 200 | 4475 |
ETF | 93.6 | 81.2 | 130 | 450 | 1523 |
Large Cap | 88.9 | 76.5 | 80 | 110 | 729 |
ADR | 93.9 | 87.5 | 110 | 250 | 380 |
Percent Names Traded by Share Group
SMID_CAP
LARGE_CAP
ETF
OTHER
ADR