--- title: May 2016 Equities Industry ADV Hits 7.0bn Shares description: May 2016 Equities Industry ADV Hits 7.0bn Shares --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/2016-equities-industry-adv-hits-7-0bn-shares#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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Month-over-month volume decreased 1%. - Off-exchange volume in May 2016 decreased month-over-month to 36.6% from 37.4% in April 2016, which was at a 2-year high. During the same period, the VIX average close increased to 14.9 from 14.3. - TABB-reported ATS/SDP volume decreased 2% MoM. TABB-reported ATS/SDP volume accounted for 34% of total off-exchange volume in May 2016 (see Slide 2 for non-TABB reporting ATSs). - **Industry Milestones:** - Senate Banking Committee Hearing: On 6/14/2016, the Senate Banking Committee will hold a [hearing](http://www.banking.senate.gov/public/index.cfm/hearings?ID=5651071F-FC14-48FB-B126-413A3971099C) entitled “Oversight of the U.S. Securities and Exchange Commission” and will include Chair White on the witness panel. - SEC Decision on IEX Exchange Application: The SEC’s [deadline](https://www.sec.gov/rules/other/2016/34-77406.pdf) to act on the IEX exchange application is 6/18/2016. - FINRA Surveillance Expansion: - [Additional OATS Order Reporting](https://www.sec.gov/rules/sro/finra/2016/34-77798.pdf): On 5/10/2016, the SEC approved FINRA’s proposal requiring ATSs to report additional order information to OATS, including order re-pricing events, order display, and reserve size information. - [Non-FINRA Member Broker-Dealers](http://www.finra.org/industry/notices/16-20): On 8/1/2016, OATS reporting members will be required to identify two types of non-FINRA member broker-dealers (US and non-US) in their OATS reports when they receive orders from these firms. - [Registration of Associated Persons Relating to](http://www.finra.org/sites/default/files/Regulatory-Notice-16-21.pdf)[Algos](http://www.finra.org/sites/default/files/Regulatory-Notice-16-21.pdf): On 1/30/2017, firms will be required to register the associated persons who are primarily responsible for the design, development, and significant medication of algorithmic trading strategies. - CHX Snap Auctions Implementation: CHX [introduced](http://www.chx.com/snap/) Snap Auctions on 6/3/2016. - **NEW TABB Equities LiquidityMatrix™ Metrics:** - Jane Street JX (SDP) added average daily volume and average trade size. - UBS (ATS) added Inside NBBO %. Every month, TABB Group’s Equities LiquidityMatrix™ consolidates metrics from exchanges, Trade Reporting Facilities (TRFs), Alternative Trading Systems (ATSs) and Single-Dealer Platforms (SDPs). The Equities LiquidityMatrix™ includes month-over-month SRO market share and the following self-reported statistics from ATSs and Single Dealer Platforms (SDPs): (1) average daily volume; (2) average trade size; (3) stock capitalization distribution %; (4) block and demi-block % (shares); (5) block and demi-block % (notional); (6) Midpoint % (shares) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/2016-equities-industry-adv-hits-7-0bn-shares) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/2016-equities-industry-adv-hits-7-0bn-shares) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/2016-equities-industry-adv-hits-7-0bn-shares) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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