Daily Displayed Highlights
4-days through 12/27/24
2.1 million | Orders priced better than the NBBO on arrival |
7135 | Unique displayed securities |
31.6% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.6 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
IntelligentCross wishes everyone a happy and joyous new year and we look forward to continuing to grow the strong partnerships we have with our subscribers in 2025.
We recognize the importance of these partnerships as we look back on 2024, another record year for IntelligentCross ATS. December is closing as our highest month of the year for overall hit rates, our best month ever for daily shares matched on ASPEN, and second best month ever overall. December puts an exclamation point on our best quarter ever for shares matched across the board, including shares matched of demi-blocks and larger. For each month of the fourth quarter, IntelligentCross was above 2% notional market share of the TCV.
We look forward to another year of new ideas, listening to our subscribers and helping them navigate tricky markets with our performant liquidity.
If you haven’t explored how our platform can enhance your trading performance, 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.
Displayed Quote Stats
4-days through 12/27/24
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 7175 | 14.1% | 32.0% |
ETF | 1912 | 8.7% | 26.7% |
Large Cap | 857 | 21.3% | 34.3% |
Mid Cap | 1106 | 25.9% | 38.1% |
Small Cap | 2789 | 24.8% | 37.8% |
Top Symbols
ADR
| ABEV | 5,920,663 |
| VALE | 2,565,941 |
| NIO | 2,124,879 |
ETF
| XLF | 3,423,300 |
| UVIX | 3,103,119 |
| IBIT | 2,930,448 |
Large Cap
| NVDA | 3,900,966 |
| PFE | 2,634,927 |
| F | 2,464,560 |
Smid Cap
| RGTI | 3,936,235 |
| LCID | 3,771,870 |
| PLUG | 3,032,793 |
Trading Information
4-days through 12/27/24
4-days through 12/27/24 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 94.2 | 85 | 80 | 310 | 7759 |
Smid Cap | 95.3 | 89.8 | 70 | 200 | 4290 |
ETF | 90.6 | 74.3 | 140 | 620 | 1896 |
Large Cap | 93.7 | 81.2 | 60 | 110 | 750 |
ADR | 96.1 | 90.5 | 100 | 290 | 365 |
Percent Names Traded by Share Group
SMID_CAP
LARGE_CAP
ETF
ADR
OTHER