Top Stories published by Boxes + Lines in January of 2021

Minimum Quantities Part III: Opportunity Cost

by Sean Spector and Tori Dewey

Minimum quantity (MQ) is popular among traders as a tool for improving execution quality. As an exchange, we have a unique perspective on the effectiveness of MQ use. In this three-part series


Do Minimum Quantities Maximize Performance?

An Analysis of MQ usage on IEX Exchange

By Sean Spector and Tori Dewey

Minimum quantity (“MQ”) is a tool that allows traders to limit their orders to trading with counterparties only above a certain…