September 7 Weekly Newsletter


  • Welcome back from the last long weekend of the summer.
  • We closed the summer with August as our highest market share month ever vs total consolidated volume.
  • Market share gains were driven by our highest hit-rates ever, and the largest contribution of ASPEN^3 to overall platform liquidity.
  • Last week, we saw the largest contribution of orders that were tagged for display on our market data feed, IQX, to matched shares. On average, these displayed orders were priced better than the NBBO 35% of the time on arrival for a spread savings of 32%.
  • Please contact the desk for more information on getting IQX, our free market-data feed. It's available directly or through Exegy, MayStreet, Redline, and ACTIV.

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