Bloomberg Reports on IntelligentCross' Performance and Displayed Liquidity

Bloomberg has just posted a detailed report on IntelligentCross that analyzes our performance, displayed liquidity, how we fit into the exchange and ATS ecosystem, and how we’re “testing the exchange status quo” with quote stability as much as 2x that of the exchanges. 

Author Roli Bhotika on Bloomberg’s Market Structure Research team concludes the ASPEN book is a “unique matching solution with advantages like adverse-selection protection, higher quote stability, lower markouts and price improvement.” ASPEN’s trading volume has grown 12x since April 2020.

Bhotika’s research is live on the Bloomberg Terminal. For the full report, terminal subscribers can search "IntelligentCross" or reach the report directly via this link:

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