10.4 million | Orders priced better than the NBBO on arrival |
7066 | Unique displayed securities |
28.7% | Tighter spreads than the NBBO when ASPEN has the best quote |
1.5 bps | Lower adverse selection than maker/taker exchange avg at 20ms |
Monday March 10th was the platform’s best day ever. We matched over 492mm shares, a new record for us. It was our best day ever for both Midpoint and ASPEN but also for shares matched of demi block and larger and shares matched against IOC orders. And despite the volatility, it was our best day ever for patience of resting orders displayed on our free market data feed, IQX, with over 22mm resting 500ms and longer, and over 10mm priced better than the NBBO on arrival.
While yesterday was probably a busy day for everyone, IntelligentCross gained market share. Yesterday we crossed 2.58% of the total consolidated volume as measured by shares and over 3.26% as measured by notional, all single counted. And this was during a day when spreads were near their widest and post-trade quote stability near its lowest for the year.
We would like to thank our subscribers for continuing to trust us with their flows, especially during this more difficult execution environment.
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.
Unique Names Per Day | Displayed Order Better Than NBBO % | Avg Spread Improvement % | |
---|---|---|---|
Total | 7065 | 17.5% | 28.7% |
ETF | 1981 | 15.9% | 26.3% |
Large Cap | 827 | 17.5% | 29.7% |
Mid Cap | 1060 | 27.4% | 36.5% |
Small Cap | 2740 | 21.8% | 36.9% |
NOK | 5,160,177 |
NIO | 4,807,288 |
VALE | 4,775,944 |
XLF | 13,193,498 |
IBIT | 6,956,629 |
HYG | 6,287,851 |
NVDA | 15,170,755 |
F | 12,311,157 |
INTC | 10,135,601 |
LCID | 7,176,738 |
AAL | 6,774,121 |
RIG | 5,604,862 |
5-days through 03/07/25 | Quote Stability @ 20ms | Quote Stability @ 500ms | Average Trade Size | Average Order Size | Active Traded Names |
---|---|---|---|---|---|
Total | 92.9 | 79.2 | 90 | 310 | 8807 |
Smid Cap | 95.1 | 88.1 | 80 | 210 | 4391 |
ETF | 86.3 | 63.6 | 170 | 570 | 2843 |
Large Cap | 91.9 | 73.6 | 70 | 130 | 742 |
ADR | 94.1 | 83.5 | 120 | 250 | 374 |
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