2022 Platform Highlights
IntelligentCross reached 3rd in FINRA’s weekly report on ATS trading volume for both Tier 1 and Tier 2 NMS securities for the first time this year. Since August, we have remained there for all but three weeks.*
The platform also broke 1% of Total Consolidated Volume (TCV) this year and our average daily market-share has remained consistently above this threshold since the beginning of November.*
IntelligentCross’ unique combination of superior post-trade stability and displayed spread savings is driving adoption. In 2022, orders displayed on our free market-data feed, IQX, arrived priced better than the NBBO over 8.4 million times per day.*
Overall, December is closing out strong: through December 23, spread savings were at their largest of the year, helping drive hit-rates for displayed orders to their second highest of the year and overall match quantity of demi-block or larger to their best levels ever. All the while, post-trade stability for both Midpoint and ASPEN Fee-Fee remained better than the exchange average.
*Based on trading 1/3/2022 - 12/23/2022.