Equities LiquidityMatrix May 2016

Every month, TABB Group’s Equities LiquidityMatrix™ provides the industry with metrics from 25 ATS/SDPs, including stock capitalization distribution, block and demi-block % (shares & notional), midpoint %, and inside NBBO %, as well as a breakdown of exchange market share. In May 2016, industry average daily volume was 7.0 billion shares, the highest volume seen in May since 2012 and a 13% increase year-over-year. Month-over-month industry volume decreased 1% while TABB-reported ATS/SDP volume decreased 2% during the same period.