- Volumes were mixed as the VIX average daily close rose 17.05% m/m (-9.43% y/y), to 16.14.
- Equity ADV dropped 8.83% m/m (+6.17% y/y), to 10.96 billion.
- The top 20 most-active equities accounted for 11.48% (-100 bps m/m) of volume and 23.73% (+315 bps m/m) of value traded, with off-exchange market share of 50.59% (+275 bps m/m).
- Off-exchange venues (+68 bps m/m) and NYSE Arca (+61 bps m/m) gained the most equity market share; NYSE (-93 bps m/m) lost the most.
- Stocks with sub-dollar share prices generated 10.44% of consolidated volume, up 39 bps m/m (-413 bps y/y).
- 40.95% (+40 bps m/m) of off-exchange volume traded at the NBBO, compared with 18.61% (+101 bps m/m) done at the midpoint.
- Block market share decreased 4 bps m/m, to 6.04%.
- Closing prints accounted for 7.62% of equities volume, down 200 bps m/m; 20.87% of closing volume occurred off-exchange, up 76 bps m/m.
- ETP ADV rose 3.30% m/m (+17.55% y/y), to 2.31 bn, comprising 21.06% of equity ADV (+247 bp m/m).
- Equity-options ADV slid 2.51% m/m (+15.01% y/y) to 42.0 million contracts.
- BOX (+57 bps m/m) gained the most equity options market share; NYSE Arca (-29 bps) lost the most.
- Index-options ADV climbed 7.07% m/m (+24.36% y/y), to 4.40 million.
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