Daily Displayed Highlights
4-days through 02/21/25
4.0 million | Orders priced better than the NBBO on arrival |
7227 | Unique displayed securities |
31.9% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.7 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Weekly Highlights
As markets began to roll over on 2/20, IntelligentCross set new records for market share of the total consolidated market in both shares and notional matched, single counted. We matched over 193bps in terms of shares and over 266bps in notional, further solidifying our place in our subscribers’ toolkits for handling the difficult days.
As volatility increased last week, the platform hit 52 week highs in daily matched shares and both ASPEN and Midpoint hit rates. But more importantly, it was also a 52 week high in shares matched against orders displayed on our free market data feed, IQX. Combined with post-trade quote stability and markouts that were better than the exchange averages at 500ms, IntelligentCross continues to be the home of 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, Redline and Options.
Displayed Quote Stats
4-days through 02/21/25
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
|---|---|---|---|
Total | 7208 | 14.5% | 31.9% |
ETF | 1994 | 9.9% | 25.8% |
Large Cap | 861 | 17.2% | 32.6% |
Mid Cap | 1089 | 24.1% | 39.3% |
Small Cap | 2766 | 19.8% | 38.5% |
Top Symbols
ADR
| IQ | 4,631,608 |
| BABA | 4,062,913 |
| VALE | 3,788,648 |
ETF
| XLF | 5,685,209 |
| IBIT | 5,452,777 |
| FXI | 5,223,099 |
Large Cap
| INTC | 9,719,405 |
| NU | 8,078,370 |
| GRAB | 7,450,839 |
Smid Cap
| RIG | 2,830,614 |
| BTG | 2,706,316 |
| QBTS | 2,576,418 |
Trading Information
4-days through 02/21/25
4-days through 02/21/25 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
|---|---|---|---|---|---|
Total | 94.1 | 83.4 | 80 | 300 | 8404 |
Smid Cap | 95.2 | 88.7 | 80 | 230 | 4281 |
ETF | 92 | 77.3 | 150 | 590 | 2602 |
Large Cap | 93.5 | 79.6 | 70 | 140 | 756 |
ADR | 94.6 | 85.3 | 120 | 270 | 366 |
Percent Names Traded by Share Group
LARGE_CAP
SMID_CAP
ETF
ADR
OTHER