Hi Robert, thank you for your reply. In dealing with several Brokerages, I have heard several claims such "we execute 18% of US consolidated volume in equities". I would just like to verify some of these claims and am interested to see actual volumes of these Brokerages. I know the NASDAQ has a Monthly MP Share Volume Report (http://www.nasdaqtrader.com/trader.aspx?id=mpvolume) which shows you exactly what volumes the brokerages are trading on NASDAQ. My question is if someone has access to such statistics and is willing to share them with me. I am interested to see if some of these stories from certain Brokerages is indeed correct. Hope this clarifies.
Largest brokers by volume in equities traded on NASDAQ
- Thread starter NewbyTrader
- Start date
Hi Overnight, you are correct with what you say. Let me clarify why I would like this information. In dealing with several Brokerages, I have heard several claims such "we execute 18% of US consolidated volume in equities". I would just like to verify some of these claims and am interested to see actual volumes of these Brokerages. I know the NASDAQ has a Monthly MP Share Volume Report (http://www.nasdaqtrader.com/trader.aspx?id=mpvolume) which shows you exactly what volumes the brokerages are trading on NASDAQ. My question is if someone has access to such statistics and is willing to share them with me. I am interested to see if some of these stories from certain Brokerages is indeed correct.
Okay, outside of the fact that you stated you were shopping for a broker based on volume and wish to ignore the fact that IT DOESN'T MATTER, there is also the fact that the numbers you see WILL BE MEANINGLESS.
Take a limited example:
a broker claims "We execute 59% of all U.S. volume..."
who had the other side of that volume?? was it a single, separate firm?? Then you'd have TWO BROKERS each claiming to have executed THE SAME VOLUME --
AND THEY'D BOTH BE RIGHT.
Then there's the fact that maybe all their volume was to/from them --
there'd be one firm with 59%, and all of the others jostling around with 10%-25% all adding up to WHO KNOWS maybe 200% of recorded volume.
Clue phone ringing. Please pick up.
Exactly Tommcginnis, this is why I would like to see the independent Volume statistics prepared by NASDAQ. They report the exact volumes of all brokerages on their platform. Does anyone have these statistics available?
Hi Overnight, I am not lost. Let me explain - in dealing with several Brokerages, I have heard several claims such "we execute 18% of US consolidated volume in equities". I would just like to verify some of these claims and am interested to see actual volumes of these Brokerages. I know the NASDAQ has a Monthly MP Share Volume Report (http://www.nasdaqtrader.com/trader.aspx?id=mpvolume) which shows you exactly what volumes the brokerages are trading on NASDAQ. My question is if someone has access to such statistics and is willing to share them with me.
Hi Truetype, if someone has access to the league tables and is willing to share them, I'd be very interested to see them. Thank you
Ahh, I see what you are looking for, and why. I'll wager that in 2 months, you will no longer be posting here, because you will have moved on to some other dipshit theory that has no bearing on anything that has to do with actual trading.
Why don't you call the NASDAQ and ask THEM? Jeez, it ain't rocket science dude.
The reports are very extensive and you have to pay for them. I was just wondering if someone who has access is willing to share the Top 5 names...