December 2023 Stats: AbleSlice Again Delivers 8 bps per Day

Post date: 2024-01-18 15:42:12 GMT

AbleSlice helps you and your clients buy low and sell high!

By how much does AbleSlice improve execution prices?

In December 2024, execution managers using AbleSlice (powered by AbleMarkets) improved their execution prices with a simple overlay by:

+0.07847% (+7.85 bps) on average on sell order slices placed throughout the day (averaged across all trading days in December and all Russell 3000 stocks)

-0.08236% (-8.24 bps) on average on buy order slices placed throughout the day (again, averaged across all trading days in December and all Russell 3000 stocks)

Smaller stocks saw considerably larger improvements than did bigger stocks. For example, the daily improvement for Signature Bank stock (SBNY) was over -1% for buy orders (average per day for December 2023) and +0.8% for sell orders (average per day for December 2023). Similarly, for Bluebird Bio (BLUE), the daily improvement for buy orders was on average -1.02%; whereas for sell orders it was 1.09% per day on average. On the other end of the spectrum, for Markel Group Inc. (MKL), the average buy order price improvement per day was -0.04% (-4 bps), and for sell orders it was +0.04% (+4 bps).

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