Daily Displayed Highlights
5-days through 11/01/24
2.6 million | Orders priced better than the NBBO on arrival |
6739 | Unique displayed securities |
33.3% | 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
IntelligentCross closed the first month of the 4th quarter in record-setting fashion. October was our best month ever for market share of the TCV as measured by both shares and notional traded, single counted. It was also a record-setting month for daily shares traded.
Growth came from larger size trading. It was our best month ever for daily matched shares of demi-block and larger. We also saw the longest resting durations of the year for ASPEN orders displayed on our free market data feed, IQX. Both these features helped our subscribers find performant liquidity as the VIX climbed over the month.
And we started November right where we left off in October, with another record day for market share. We’d like to wholeheartedly thank our subscribers for continuing to trust us with their orders, especially during those times when the markets become more complex and difficult.
If you haven’t yet explored how our platform can improve your trading, we invite you to connect with us. ASPEN displayed quotes are available through the IQX market data feed, accessible directly or via providers like Exegy, MayStreet, and Option.
Displayed Quote Stats
5-days through 11/01/24
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 6738 | 14.4% | 33.3% |
ETF | 1548 | 10.3% | 26.0% |
Large Cap | 873 | 17.2% | 37.9% |
Mid Cap | 1105 | 24.7% | 38.5% |
Small Cap | 2762 | 21.2% | 37.7% |
Top Symbols
ADR
| NIO | 4,890,064 |
| VALE | 3,733,458 |
| UMC | 2,779,283 |
ETF
| HYG | 5,254,459 |
| EEM | 4,595,731 |
| XLF | 4,529,658 |
Large Cap
| F | 7,539,023 |
| SOFI | 6,090,789 |
| SNAP | 6,061,419 |
Smid Cap
| ELAB | 6,157,315 |
| LCID | 3,733,877 |
| AGNC | 3,135,648 |
Trading Information
5-days through 11/01/24
5-days through 11/01/24 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 93.9 | 84.1 | 90 | 270 | 7698 |
Smid Cap | 95.2 | 89.7 | 80 | 180 | 4387 |
ETF | 91.2 | 75.1 | 140 | 580 | 1726 |
Large Cap | 92.9 | 79.9 | 80 | 110 | 764 |
ADR | 95.2 | 88.1 | 140 | 240 | 380 |
Percent Names Traded by Share Group
LARGE_CAP
SMID_CAP
ETF
ADR
OTHER