Weekly Highlights

• Last week, IntelligentCross set a new record for notional market share of total consolidated volume. On 1/28, we reached 259bps single counted. This helped drive January to our best month ever for notional market share and the fourth in a row above 2%. January was also our best month ever for daily shares matched in both our Midpoint and ASPEN Fee-Fee books.

• Driving growth was continued strength in larger-size execution - January was our best month ever for daily shares matched of demi-block and larger. Growth also came from our unique displayed liquidity: last week was a 52 week high for shares matched against orders visible on our free market data feed, IQX. Subscribers utilizing IQX are often able to trade at prices superior to the NBBO. For example, last week was a 52 week high for the number of displayed orders arriving priced better than the NBBO on arrival in large cap names, at over 1.7 million per day.

• 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.