{"slug":"microstructure-2026-06-29","qid":"busiest_minutes","label":"The ten busiest minutes of the trade tape (millions of prints)","post_title":"Microstructure Deep-Dive: June 29, 2026","post_url":"/blog/microstructure-2026-06-29#q-busiest_minutes","columns":["et_minute","trades_m"],"rows":[{"et_minute":"15:59","trades_m":3.98},{"et_minute":"15:58","trades_m":2.29},{"et_minute":"09:30","trades_m":1.81},{"et_minute":"15:57","trades_m":1.59},{"et_minute":"15:55","trades_m":1.36},{"et_minute":"15:56","trades_m":1.24},{"et_minute":"15:54","trades_m":1.01},{"et_minute":"15:50","trades_m":1},{"et_minute":"10:15","trades_m":0.88},{"et_minute":"15:53","trades_m":0.8}],"shape":"ranking","sql":"SELECT\n    formatDateTime(toTimeZone(toStartOfMinute(sip_timestamp), 'America/New_York'), '%H:%i') AS et_minute,\n    round(count() / 1e6, 2) AS trades_m\nFROM global_markets.stocks_trades\nWHERE sip_timestamp >= '2026-06-29 00:00:00' AND sip_timestamp < '2026-06-30 00:00:00'\nGROUP BY et_minute\nORDER BY trades_m DESC\nLIMIT 10","computed_at":"2026-07-26T06:08:28.319706+00:00","elapsed":19.731198947}