Weekly Highlights

• November finished as the best month ever for IntelligentCross by many measures. It was our best month ever for average daily matched shares at over 236mm per day single counted, as both our Midpoint and ASPEN books set individual records. We also set a new monthly record for notional market share at over 2.2%, completing our second month in a row above 2%.

• Driving growth was the continued strength of larger size liquidity. It was our best month ever for average daily match quantities of demi block and larger. It was also a record for daily shares matched against IOC orders including Midpoint, showcasing the platform’s ability to support more urgent need for liquidity while maintaining post-trade performance better than the exchange average, as measured by quote stability and absolute markouts to 500ms.

• Last month was particularly strong for the platform in large-cap interactions. It was our best month of the year for large-cap hit rates in general, but more importantly for hit rates against orders displayed on our free market data feed, IQX. This helped push our notional market share of Tier 1 names to a new record of 2.49% on 11/26 and helped our subscribers execute efficiently in this group as spreads widened over the month and trade sizes deteriorated towards the end.

• 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.