Abel/Noser June Equity Liquidity Analysis Shows Volume up 21 percent over May
ETF Trading up 35 Percent Month Over Month
NEW YORK, July 15, 2013 /PRNewswire/ -- Volumes in June jumped dramatically in the 10 most liquid names according to broker Abel/Noser Corp.'s June liquidity analysis. The top 10 names, in terms of average dollars traded per day, were almost identical for both months. The only change being in May, SPD Gold (GLD) was the 8th most active issue trading $1.6 billion a day. GLD dropped to 11th place in June and was replaced by Pfizer (PFE) which traded $2.3 billion as the 6th most liquid name.
"The most interesting part of the study notes that the sum of the 10 most liquid names in June traded 21 percent more dollars than in May," said Bill Conlin, President and CEO, Abel/Noser, "Of the ten most liquid issues in June, four are ETFs (SPY, IWM, EEM, and QQQ) and they increased 35 percent."
Dollars traded in the 50 most liquid stocks, which make up 37 percent of all dollars traded in the US, were up 19 percent June over May.
"Tesla (TSLA) is one of the more interesting stocks month over month," continued Conlin, "Tesla traded nearly $1.3 billion a day in May, but in June dropped from the 11th spot all the way down to the 30th. In May, Tesla traded $.9 billion, a significant 32 percent drop in trading dollars."
Other information from the report includes:
- The top 10 most liquid stocks ranked by average dollars traded per day make up 21 percent of all the dollars traded in more than 13,000 stocks that traded in June
- A quarter of all the dollars have traded in just the first 17 stocks out of over 13,000
- At stock 122 of 13,000 half of all dollars traded has taken place
- At stock rank 490, a remarkable 75 percent of all dollars have traded, that translates to four percent of all names traded in the U.S. account for 75 percent of all trading
Liquidity Report: 06/01/2013 to 06/30/2013
| Rank |
Symbol |
Name |
Average $ Per Day |
Cumulative $ Per Day |
% of Grand Total |
Cumulative % of Total |
Avg Trade Size |
Avg Trades Per Minute |
| 1 |
SPY |
SPDR S&P 500 ETF TRUST |
26,274,611,200 |
26,274,611,200 |
10.91 |
10.91 |
373 |
562 |
| 2 |
AAPL |
APPLE INC |
5,167,540,224 |
31,442,151,424 |
2.15 |
13.05 |
174 |
122 |
| 10 |
MSFT |
MICROSOFT CORP |
1,581,564,416 |
51,162,448,640 |
0.66 |
21.24 |
327 |
307 |
| 17 |
XOM |
EXXONMOBIL CORP |
1,234,514,304 |
60,579,298,944 |
0.51 |
25.15 |
191 |
168 |
| 122 |
EQIX |
EQUINIX INC |
306,903,392 |
120,598,315,168 |
0.13 |
50.07 |
154 |
26 |
| 490 |
MPEL |
MELCO CROWN ENTERTAINMENT LTD |
96,449,840 |
180,707,423,024 |
0.04 |
75.03 |
193 |
54 |
Liquidity Report (Top 10): 06/01/2013 to 06/30/2013
| Rank |
Symbol |
Name |
Average $ Per Day |
Cumulative $ Per Day |
% of Grand Total |
Cumulative % of Total |
Avg Trade Size |
Avg Trades Per Minute |
| 1 |
SPY |
SPDR S&P 500 ETF TRUST |
26,274,611,200 |
26,274,611,200 |
10.91 |
10.91 |
373 |
562 |
| 2 |
AAPL |
APPLE INC |
5,167,540,224 |
31,442,151,424 |
2.15 |
13.05 |
174 |
122 |
| 3 |
IWM |
ISHARES RUSSELL 2000 |
4,390,921,728 |
35,833,073,152 |
1.82 |
14.88 |
304 |
275 |
| 4 |
EEM |
ISHARES MSCI EMERGING MKT IN |
3,427,186,176 |
39,260,259,328 |
1.42 |
16.30 |
561 |
330 |
| 5 |
QQQ |
POWERSHARES QQQ NASDAQ 100 |
2,483,560,192 |
41,743,819,520 |
1.03 |
17.33 |
495 |
124 |
| 6 |
PFE |
PFIZER INC |
2,336,173,056 |
44,079,992,576 |
0.97 |
18.30 |
457 |
389 |
| 7 |
GOOG |
GOOGLE INC |
2,074,862,208 |
46,154,854,784 |
0.86 |
19.16 |
153 |
34 |
| 8 |
C |
CITIGROUP INC |
1,760,406,016 |
47,915,260,800 |
0.73 |
19.89 |
265 |
253 |
| 9 |
BAC |
BANK OF AMERICA CORP |
1,665,623,424 |
49,580,884,224 |
0.69 |
20.59 |
843 |
254 |
| 10 |
MSFT |
MICROSOFT CORP |
1,581,564,416 |
51,162,448,640 |
0.66 |
21.24 |
327 |
307 |
*ETFs include 1, 3, 4 and 5 of above
Full Liquidity Reporting is available for a small annual subscription price. Please contact [email protected] or visit us at www.abelnoser.com
About Abel/Noser Corp.
Abel/Noser Is one of the oldest and largest independent agency brokerages providing a range of tools and services for institutional sponsors and investment managers. Abel/Noser offers comprehensive solutions and analytics throughout the pre-trade, execution and post-trade cycle, including Transaction Cost Analysis (TCA), domestic and international commission recapture for equities and fixed income, transition management, liquidity analysis and customized algorithms. Founded in 1975 and headquartered in New York, Abel/Noser is a member of the NYSE, FINRA and SIPC.
About Abel Noser Solutions
A sister company to Abel/Noser, Abel Noser Solutions was launched in 2007 to pioneer new trading methods, and to provide broker-neutral pre-trade, real-time and post-trade tools to institutional investors. Each day the company collects data from over 500 firms, and records trading data for over 20,000 stocks that trade on over 100 exchanges to provide one of the most comprehensive views of the industry. Clients receive actionable analysis at every point in the trade lifecycle, and on average pay commissions that are 44% lower than industry benchmarks
Contacts:
Sharron Silvers / Taylor McGrann
KCSA Strategic Communications
212-896-1282 / 212-896-1253
[email protected] / [email protected]
SOURCE Abel/Noser Corp.
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