INFLOW MARKET DATA

"Data is not just numbers on a screen; it’s the empirical memory of our systems and organizations. When verified, maintained, and interpreted correctly, it becomes the single most reliable narrative of truth in an increasingly subjective world." — Unknown

LAST UPDATED: 10/17/2025    

INCOMING DATA
↳ ASSORTIMENT & ALLOCATION BY MATCHED VOLUME AND CHARACTERISTICS

We categorize our data feeds into three independent flow sets based on matched volume market shares and exchange-specific properties. This separation preserves data integrity and provides the core foundation for unbiased analysis and model development.

MARKET SHARE BY MATCHED VOLUME 


NYSE leads with 22.5%, reflecting deep institutional liquidity and robust uncapped auction mechanisms. - Nasdaq holds 14.23%, driven by electronic efficiency and high-technology listings. - IEX, though smaller at 4.4%, represents a shift toward execution-quality optimization and latency fairness. - Secondary venues such as BZX and EDGX demonstrate an ongoing market fragmentation that sustains competitive price discovery.

MARKET SHARE BY MATCHED VOLUIME USA

The above displays the volume dominance and execution characteristics, highlighting the disproportionate weight of off-exchange/OTC activity (~41.5%) and NYSE’s institutional concentration relative to smaller, high-speed venues like EDGX and BYX. - Liquidity asymmetries emphasize how even modest share changes at large venues significantly alter overall price discovery and routing dynamics in the USA

MARKET SHARE BY MATCHED VOLUIME USA/CA

The above underscores the cross-border liquidity structure, where U.S. venues, particularly OTC/Off-Exchange and NYSE -dominate overall matched volume, while Canadian markets such as TSX, TSXV, NEO, and CSE maintain regionally concentrated yet diverse trading ecosystems. The relative dispersion highlights differences in market microstructure efficiency, order-routing behavior, and institutional participation intensity.

The information above illustrates that OTC markets account for the largest share of overall trading volume, followed by the primary mainstream exchanges. Within the semi-international segment IEX maintains a stable mid-range position.

Our current inbound live-quote infrastructure aggregates real-time pricing data from the above exchanges, ensuring synchronized and high-fidelity market representation.

NASDAQ

The NASDAQ represents the core of technological and growth-oriented markets. Moving forward, our strategy aligns with its innovation cycle, emphasizing data-driven positioning and precision in capturing sector momentum.

S&P 500

The S&P 500 continues to reflect broad market trends, and our strategies evolve in response to its shifting dynamics, ensuring alignment with emerging patterns. By continuously refining our approach, we remain positioned to navigate volatility effectively.

ARCA

The NYSE Arca shows significant activity in ETFs and tech-heavy equities, and our strategies recalibrate in line with its trading patterns to maintain effective positioning. By continuously aligning with these shifts, we stay agile in capturing market opportunities.

BATS

Cboe Bats exhibits rapid trading dynamics, particularly in high-volume equities, and our strategies continuously align with its flow to maintain optimal execution. Staying responsive to these patterns allows us to efficiently navigate market movements.

AMEX

The AMEX market continues to highlight small- and mid-cap activity, and our strategies adjust in response to its sector-specific trends to optimize positioning. By staying aligned with these movements, we can navigate opportunities efficiently.

TSX

The TSX reflects strong performance in resource and financial sectors, and our strategies recalibrate to align with its cyclical and sector-driven behaviors. This alignment enables us to maintain precision in capturing market momentum.

TSXV

The TSXV remains driven by emerging ventures and early-stage equities, prompting our strategies to adjust toward its high-growth, high-volatility environment. Through this focus, we sustain agility in identifying and leveraging developing market potential.

NEO

The NEO Exchange emphasizes innovation and transparency in trading, and our strategies synchronize with its evolving market structure to enhance execution efficiency. This approach ensures adaptability within a progressive and technology-focused environment.

CSE

The CSE fosters growth among emerging and alternative issuers, and our strategies align with its dynamic listing environment to capture early-stage momentum. By maintaining flexibility within this market, we strengthen our exposure to innovative sectors.

BSE

The BSE reflects deep-rooted market stability alongside expanding digital integration, and our strategies align with its evolving liquidity patterns to optimize participation. Through this calibration, we maintain precision across both traditional and modernized trading segments.

NSE

The NSE continues to drive substantial liquidity and innovation within the Indian equities landscape, and our strategies synchronize with its rapid market evolution to sustain competitive execution. This alignment reinforces our position within an increasingly data-driven trading ecosystem.

INCOMING DATA
↳ IEX AS A RECLUSIVE INDEPENDANT (INFLOW)

In addition to the primary market exchanges, we have also incorporated the IEX exchange as an independent, self-contained data feed designed for IEX’s operational and structural parameters. This allocation expands our analytical reach, allowing for more comprehensive market surveillance, refined execution insights, and management of data.

IEX employs an intentional 350-microsecond delay. which neutralizes latency arbitrage and levels the playing field for non-HFT participants. This architectural design means that IEX’s 2.5% of market weight has a disproportionate impact on the timing and execution quality of resting orders. In contrast, exchanges like NASDAQ or ARCA emphasize ultra-low-latency routing, contributing to tighter spreads but also greater quote volatility.

Although IEX represents only about 3% of total market volume, its independent structure provides exceptional analytical value. Operating as a reclusive exchange, IEX offers latency-neutral, low-noise data that reveal true liquidity behavior and execution quality. This isolation makes IEX-only data a strategic benchmark for assessing market efficiency, fill performance, and cross-venue dynamics with greater accuracy.