- Volumes increased in October as volatility, measured by the VIX average daily close, rose 9.49% m/m (+67.90% y/y), to 30.01.
- Equity ADV inched up 0.77% m/m (+10.52% y/y), to 11.49 billion.
- Year-to-date equity ADV is up 4.81% from the same period last year and 5.63% higher than full-year 2021.
- The top 20 most-active equities accounted for 14.92% (+121 bps m/m) of volume and 24.13% (+109 bps m/m) of value traded, with off-exchange market share of 50.23% (+116 bps m/m).
- NYSE Arca (+49 bps m/m) gained the most equity market share; Nasdaq (-74 bps m/m) and NYSE (-71 bps m/m) lost the most.
- 39.90% (-29 bps m/m) of off-exchange volume traded at the NBBO, compared with 18.33% (+41 bps m/m) done at the midpoint.
- Block market share fell 100 bps m/m, to 6.06%.
- Closing prints accounted for 6.18% of equities volume, down 211 bps m/m; 20.52% of closing volume occurred off-exchange, up 154 bps m/m.
- ETP ADV climbed 5.13% m/m (+69.56% y/y), to 2.63 bn, accounting for 22.80% of total equity ADV (+9 bps m/m).
- Equity-options ADV fell 3.13% m/m (4.31% y/y), to 38.6 million contracts.
- Year-to-date, equity options ADV is up 3.38% from the same period last year, and 2.12% higher than full-year 2021.
- In equity options, NYSE Arca (+131 bps m/m), Nasdaq ISE (+94 bps m/m) and Nasdaq GEMX (+89 bps m/m) gained the most market share, while Nasdaq BX (-149 bps m/m), Nasdaq PHLX (-147 bps m/m) and Nasdaq NOM (-126 bps m/m) lost the most.
- Index-options ADV rose 3.93% m/m (+74.04% y/y), to 3.62 million.
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