Where one liquid name's shares printed, by venue (Jul 15, 2026)
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-09, from Maker-Taker Fees and Rebates Explained.
| venue | pct_of_shares | avg_trade_size |
|---|---|---|
| Nasdaq | 37.15 | 149 |
| FINRA Alternative Display Facility | 31.55 | 45 |
| NYSE Arca, Inc. | 17.32 | 124 |
| Cboe BZX | 3.23 | 54 |
| NYSE Texas, Inc. | 2.74 | 875 |
| Cboe EDGX | 2.61 | 56 |
| Investors Exchange | 2.16 | 52 |
| Members Exchange | 1.4 | 43 |
| New York Stock Exchange | 0.87 | 47 |
| Cboe EDGA | 0.28 | 27 |
| Cboe BYX | 0.17 | 40 |
| MIAX Pearl | 0.14 | 49 |
- Rows × columns
- 12 × 3
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
venue |
text | 12 distinct values (Cboe BYX, Cboe BZX, Cboe EDGA…) | |
pct_of_shares |
number | 0.14 to 37.15 | percent |
avg_trade_size |
number | 27 to 875 |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
WITH
by_venue AS
(
SELECT
toInt32(exchange) AS venue_code,
sum(size) AS shares,
count() AS prints
FROM global_markets.stocks_trades
WHERE ticker = 'AAPL'
AND sip_timestamp >= '2026-07-15 04:00:00'
AND sip_timestamp < '2026-07-16 04:00:00'
GROUP BY venue_code
),
venue_names AS
(
SELECT
toInt32(id) AS venue_code,
any(name) AS venue_name
FROM global_markets.stocks_exchanges
WHERE asset_class = 'stocks'
GROUP BY venue_code
)
SELECT
if(empty(n.venue_name), concat('Participant ', toString(v.venue_code)), n.venue_name) AS venue,
round(100 * v.shares / sum(v.shares) OVER (), 2) AS pct_of_shares,
toUInt32(round(v.shares / v.prints)) AS avg_trade_size
FROM by_venue AS v
LEFT JOIN venue_names AS n USING (venue_code)
ORDER BY v.shares DESC
LIMIT 12
Run your own version of this
The same 22 years of US equities and 12 years of options data are queryable in SQL or plain English. A free account runs 100 queries a day and takes no card.
More from this analysisMaker-Taker Fees and Rebates Explained
A 30 mil per share fee as basis points of notional, by price band (Jul 15, 2026)
ranking 6×3
→
One hour of NBBO spreads, measured in mils (Jul 15, 2026)
ranking 4×3
→
Registered US stock exchanges and their participant codes
table 18×5
→
Where 30 minutes of AAPL prints landed, by venue
ranking 12×3
→
The smallest size the NBBO will show: six names across the price tiers
ranking 6×4
→
Share of prints by trade size: AAPL against KO
ranking 5×4
→
See all 2,170 queries →