Weekly Highlights

• We wish everyone a joyous Thanksgiving and a wonderful holiday week! This season, we are especially grateful for the strong partnerships we share with our subscribers, which have propelled us to our best month ever as an ATS.

• Last week, market-wide spreads remained elevated but concentrated within ETFs and large-cap technology names. However, subscribers to IntelligentCross were able to rely on our performant liquidity in these areas to mitigate higher trading frictions. Notably, it was our best week ever for daily shares matched in demi-block and larger sizes within large-cap names. It was also our strongest week this year for large-cap hit rates, both against orders displayed on our free market data feed, IQX, and within our Midpoint book.

• Additionally, we expanded liquidity across more ETF names than ever before, contributing to a top-five performance in overall daily match volume and match volume against IOC order types. IntelligentCross continues to be a reliable source of high-quality liquidity during challenging trading conditions.

• If you haven’t explored how our platform can enhance your trading, we invite you to connect with us. ASPEN displayed quotes are available via the IQX market data feed, accessible directly or through providers such as Exegy, MayStreet, and Option.