- Volumes were mixed as the VIX average daily close fell 3.23% m/m (-9.35% y/y), to 12.69.
- Equity ADV declined 4.65% m/m (+5.38% y/y), to 11.88 billion.
- The top 20 most-active equities accounted for 12.59% (-477 bps m/m) of volume and 14.80% (+785 bps m/m) of value traded, with off-exchange market share of 57.85% (-312 bps m/m).
- NYSE (+197 bps m/m) and Nasdaq (+192 bps m/m) gained the most equity market share; NYSE Arca (-199 bps m/m) and off-exchange venues (-80 bps m/m) lost the most.
- Stocks with sub-dollar share prices generated 14.15% of consolidated volume, down 791 bps m/m (+434 bps y/y).
- 41.81% (-429 bps m/m) of off-exchange volume traded at the NBBO, compared with 17.68% (+22 bps m/m) done at the midpoint.
- Block market share rose 103 bps m/m to 5.81%.
- Closing prints accounted for 12.33% of equities volume, up 521 bps m/m; 18.52% of closing volume occurred off-exchange, down 135 bps m/m.
- ETP ADV rose 2.17% m/m (-11.63% y/y), to 1.81 bn, comprising 15.20% of equity ADV (+101 bp m/m).
- Equity-options ADV climbed 9.16% m/m (+5.77% y/y) to 44.1 million contracts.
- Among equity option exchanges, MEMX (+69 bps m/m) and Nasdaq NOM (+68 bps m/m) gained the most market share; MIAX Pearl (-101 bps) lost the most.
- Index-options ADV increased 3.71% m/m (+0.28% y/y), to 4.40 million.
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