Daily Displayed Highlights
5-days through 07/12/24
3.0 million | Orders priced better than the NBBO on arrival |
6749 | Unique displayed securities |
29.3% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.4 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
This summer represents IntelligentCross’ 6th Anniversary, and we couldn't be more thrilled. What began as a commitment to building a venue dedicated to performant liquidity, has seen us grow into the #2 equity ATS according to FINRA’s weekly report on ATS trading volume. In fact, we routinely match more shares daily than over 8 exchange platforms.
We could not have done this without our subscribers. We wholeheartedly thank you for trusting us with your order flow and appreciating the innovations that our Midpoint, ASPEN full order book, and IQX displayed liquidity have brought to the market.
We’re not resting on any metaphorical laurels. We continue to think like a startup, and to innovate with enhancements like real-time calibration in Midpoint, and we have expanded into hosted pools and smart order routing tactics, to continue to enhance your execution quality, choice, and control.
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 07/12/24
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 6749 | 15.0% | 29.3% |
ETF | 1668 | 13.2% | 24.1% |
Large Cap | 839 | 21.6% | 31.9% |
Mid Cap | 1132 | 12.6% | 37.4% |
Small Cap | 2625 | 8.5% | 38.3% |
Top Symbols
ADR
| BBD | 3,107,058 |
| KZIA | 3,018,050 |
| ABEV | 2,897,477 |
ETF
| XLF | 3,410,354 |
| FXI | 3,047,344 |
| IWM | 2,941,849 |
Large Cap
| NVDA | 7,668,126 |
| F | 4,339,788 |
| INTC | 3,956,042 |
Smid Cap
| MAXN | 13,462,193 |
| FCEL | 6,797,646 |
| DNA | 6,342,455 |
Trading Information
5-days through 07/12/24
5-days through 07/12/24 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 90.4 | 81.4 | 90 | 250 | 8022 |
Smid Cap | 92.3 | 86.7 | 90 | 180 | 4519 |
ETF | 91.8 | 78.6 | 130 | 540 | 1782 |
Large Cap | 87.5 | 75.5 | 70 | 110 | 726 |
ADR | 93.9 | 87.5 | 120 | 240 | 392 |
Percent Names Traded by Share Group
LARGE_CAP
SMID_CAP
ETF
ADR
OTHER