Equities LiquidityMatrix January 2017

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 January 2017, the VIX average close decreased month-over-month from 12.5 to 11.6, the lowest VIX monthly average since June 2014 (VIX average close then was 11.5). Industry average daily volume decreased 2% month-over-month in January 2017 to 6.8 billion shares. During the same time period, TABB-reported ATS/SDP volume increased 4%.