Daily Displayed Highlights
5-days through 03/22/24
2.7 million | Orders priced better than the NBBO on arrival |
6700 | Unique displayed securities |
33.4% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.3 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
IntelligentCross ranks #1 for Tier 2 names in the latest FINRA weekly reports on ATS trading volumes. We thank our subscribers for getting us to this latest milestone, and for their continued trust in the platform, especially in these often harder-to-trade names.
For example, while daily volumes in smid-cap names generally trended lighter last week and average trade sizes stalled in the lower part of their recent range, IntelligentCross had its best week ever for daily match quantities of demi block and larger in this universe.
In fact, last week, IntelligentCross traded at least 5% of the volume in over 280 Tier 2 names daily and over 2% of the volume in more than 1800 daily. And we had lower markouts and post-trade instability at 500ms versus the exchanges across the smid-cap space.
If you haven't yet leveraged our platform to boost your trading outcomes, we encourage 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 03/22/24
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 6700 | 15.9% | 33.4% |
ETF | 1513 | 14.9% | 28.4% |
Large Cap | 842 | 20.2% | 36.7% |
Mid Cap | 1104 | 14.0% | 38.1% |
Small Cap | 2797 | 9.4% | 38.3% |
Top Symbols
ADR
| NIO | 3,726,133 |
| HLN | 1,890,191 |
| XPEV | 1,754,444 |
ETF
| HYG | 3,883,032 |
| XLF | 3,770,582 |
| SQQQ | 3,335,903 |
Large Cap
| AAPL | 3,642,238 |
| INTC | 3,091,386 |
| NU | 2,996,248 |
Smid Cap
| FSR | 40,004,502 |
| TELL | 3,433,984 |
| SOUN | 2,842,477 |
Trading Information
5-days through 03/22/24
5-days through 03/22/24 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 90 | 80.5 | 90 | 220 | 7529 |
Smid Cap | 91.9 | 86 | 100 | 180 | 4438 |
ETF | 92.3 | 79 | 120 | 470 | 1489 |
Large Cap | 87.1 | 74.2 | 80 | 110 | 734 |
ADR | 93.5 | 86.7 | 120 | 260 | 372 |
Percent Names Traded by Share Group
LARGE_CAP
SMID_CAP
ETF
ADR
OTHER