Table V-13Distribution of Market and Marketable Limit Order Trading and Price-Improved Trades by Quoted Spread at Order Entry Time for Each Exchange | Table V-13: Distribution of Market and Marketable Limit Order | | Trading and Price-Improved Trades by Quoted | | Spread at Order Entry Time for Each Exchange | | | | | Number of Trades | | Number of Trades Price Improved | | | | (Distribution of Total Trades by Spread) | (Distribution of Price Improved Trades by Spread) | | | Exchange | 1/8 Spread | > 1/4 Spread | 1/8 Spread | > 1/4 Spread | | | | | | | | | | NYSE | 565,591 | 128,133 | 49,772 | 62,529 | | | | 81.5% | 18.5% | 44.3% | 55.7% | | | | | | | | | | CSE | 150,697 | 17,022 | 12,132 | 10,724 | | | | 89.7% | 11.3% | 53.1% | 46.9% | | | | | | | | | | BSE | 78,382 | 16,197 | 4,093 | 6,666 | | | | 82.9% | 17.1% | 38.0% | 62.0% | | | | | | | | | | CHX | 190,867 | 44,387 | 6,043 | 17,409 | | | | 81.1% | 18.9% | 25.8% | 74.2% | | | | | | | | | | PHLX | 99,712 | 21,024 | 3,252 | 5,744 | | | | 82.6% | 17.4% | 36.1% | 63.9% | | | | | | | | | | PSE | 209,743 | 41,011 | 8,058 | 14,134 | | | | 83.6% | 16.4% | 36.3% | 63.7% | | | | | | | | | | | | | | | | | Data in the table corresponds to trades included in the | | | | | | | analysis and does not necessarily reflect all trading activity | | | | | | | on the exchanges. See Appendix D for complete details. | | | | | |
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