November 2014 Market Dynamics Report


FIF Market Dynamics report for November 2014 including U.S. Equities and Options Markets, Self Help, Single Stock Circuit Breaker, Limit-Up Limit Down and Short Sale analysis. Provided exclusively for Equinix Forum.



OTC Market Share of NMS Securities

  • In November 2014, off-exchange trading accounted for 34.5% of the shares traded in NMS Equity Securities, a decrease of 0.5% compared to last month.

Average Trade/Contract Size

  • For NYSE Listed, average trade size was 193 shares, a 3.5% increase over last month. On a year over year basis, average trade size decreased 19.4%.
  • For NASDAQ Listed, average trade size was 197 shares, 1% higher than last month. Average trade size decreased 21.7% on an annual basis.
  • Average contract size for US Equity Options was 11 this month.

NASDAQ Self Help Declarations

  • There was one Self Help declaration for CBOE in November 2014.

Limit Up-Limit Down Plan

  • There were 563 Trading Pauses reported in November 2014 for ticker symbols which were part of Phase 2(b) of the Limit Up-Limit Down rollout. These pauses lasted a total of 49 hours and 43 seconds.
  • NASDAQ had 360 trading pauses, 366 fewer than last month while NYSE Arca had 194, 80 fewer than last month.
November 2014 FIF Market Share and Market Dynamics Reports
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The Financial Information Forum (FIF) addresses the implementation issues that impact the securities industry across the order lifecycle. FIF provides a collaborative environment for subscribers to make an impact on industry issues affecting operations and technology. FIF provides exclusive monthly report highlights to Equinix Forum.