Imperative Execution and IntelligentCross ATS joined others this past weekend, on the 20th anniversary of 9/11, in reflecting on that tragic day, remembering and celebrating the colleagues, friends and others we lost, and acknowledging those that continue to dedicate their lives to courageously protect us.
Last week was our best week ever for ASPEN^3 daily matched shares and a top 5 week for overall daily volumes since inception.
Although holiday shortened, last week was also a top 5 week for market share vs. the total consolidated volume.
Value continues to come from orders that were tagged for display on our free market data feed, IQX. On average, these displayed orders were priced better than the NBBO 36% of the time on arrival for a spread savings of 31%.
Please contact the desk for more information on getting IQX - it's available directly or through Exegy, MayStreet, Redline, and ACTIV.
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.
We were ranked our YTD best 6th for NMS Tier 1 and 8th for NMS Tier 2 stocks in the latest FINRA ATS weekly statistics for total traded shares (https://otctransparency.finra.org/otctransparency/AtsData).
Last week, we saw the largest contribution of ASPEN^3 matched shares to total platform liquidity ever. This was driven specifically by interactions with orders that were tagged for display on our market data feed, IQX. On average, these displayed orders were priced better than the NBBO 36% 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.
We are pleased to announce that the platform is ranked at its YTD best 6th place in the latest FINRA ATS weekly statistics for NMS Tier 1 total traded shares (https://otctransparency.finra.org/otctransparency/AtsData).
August is shaping up to be our highest market share month vs. total consolidated volume ever, and last week we saw a record count of daily unique symbols ordered.
Value continues to be driven by our displayed liquidity on ASPEN^3 where last week, we saw orders priced better than the NBBO 38% of the time for spread savings of 30% on average.
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.
Our July market share growth has brought the platform to its YTD best 7th place in FINRA ATS rankings for NMS tier 1 traded shares (https://otctransparency.finra.org/otctransparency/AtsData).
Last week, despite total market volumes being at YTD lows, we had our second-best week ever in ASPEN^3 for daily matched shares.
Record hit-rates on orders tagged for display through IQX, our free, full-depth, market data feed drove the strength in matching.
Our displayed liquidity continues to provide unique value to our subscribers. Last week our displayed orders were priced better than the NBBO more than 35% of the time with savings of approximately 30% of the spread.
Please contact the desk for more information on getting IQX. It's available directly or through Exegy, MayStreet, Redline, and ACTIV.
We opened August with the highest hit-rates of the year across Midpoint and ASPEN.
Notably, we also had our highest YTD hit-rates for ASPEN orders tagged for display on our free full-depth market data feed, IQX.
Last week we set daily matched share records for ASPEN in general and displayed liquidity in particular as the platform traded over $2.6 billion per day single sided.
Market share continues to climb to new records and has grown over 2x since January for both ASPEN and the platform overall.
Our subscribers continue to improve their execution performance by accessing our unique liquidity. Last week our displayed orders were priced better than the NBBO around 40% of the time with savings of approximately 30% of the spread.
Please contact the desk for more information on getting IQX. It's available directly or through Exegy, MayStreet, Redline, and ACTIV.
