U.S. Equities Market Volume Summary

Notional Value Summary
Volume Summary

Matched Volume	Tape A	Tape B	Tape C	Market	Today	5 Day

NYSE (P,N,A,C,M)	1,282,332,867	636,058,471	942,306,152	2,860,697,490	18.73%	19.45%
NASDAQ (B,X,Q)	455,944,294	232,609,649	1,507,308,825	2,195,862,768	14.37%	14.58%
Cboe (Z,Y,K,J)	356,246,353	352,638,565	720,127,216	1,429,012,134	9.35%	9.78%
Investors Exchange (V)	196,830,068	82,939,829	208,647,838	488,417,735	3.20%	3.01%
Members Exchange (U)	50,268,046	73,720,331	141,172,164	265,160,541	1.74%	1.78%
MIAX Pearl (H)	27,397,482	55,931,460	89,551,955	172,880,897	1.13%	1.01%
LTSE (L)	384,663	247,653	524,784	1,157,100	0.01%	0.01%
Matched Total	2,369,403,773	1,434,145,958	3,609,638,934	7,413,188,665	48.53%	49.62%

FINRA &TRF Volume
TRFs (DQ,DN,DB)	2,205,199,082	1,600,514,923	4,057,423,032	7,863,137,037	51.47%	50.38%
NASD & TRF Total	2,205,199,082	1,600,514,923	4,057,423,032	7,863,137,037	51.47%	50.38%

Total Consolidated Volume
Total	4,574,602,855	3,034,660,881	7,667,061,966	15,276,325,702	100%	100%

Data as of 19:44 03/09/2025.
All share and notional values delayed at least 20 minutes.

If using this data in a published report, please cite Cboe Global Markets as the source.

This data display automatically refreshes every minute during trading hours.

"Notional Value", which is also referred to as "Dollar Value Traded", is calculated by multiplying the execution price of each transaction by the total number of shares executed in each transaction. This method of calculating market share, as opposed to simply using the total number of shares that traded hands, can be a better representation of the actual "size" of a market. The larger the Notional Value traded, the more risk that actually changed hands. By way of example, 100 shares of stock ABC at $362 per share is a much larger transaction than 100 shares of stock XYZ at $2.20 a share. Other assets classes, such as futures and options, and most other equity markets outside of the U.S., historically have used Notional Value as an index into how much activity takes place on those markets. Cboe is the first to offer a real-time view, market-wide, into Notional Value traded in the U.S. cash equity markets.