The Bruce Overnight Edge: Momentum is Real

To Our Valued Clients,

After last week’s record shattering market wide events, the dust is settling. A new, high volume environment is the new normal.

This week, we want to shift the focus from the total market to the exceptional growth we are seeing on the Bruce Markets ATS. The data1 from the first half of November shows our platform momentum is accelerating across every key metric.

By the Numbers: A Breakout Month

This month is proving to be a significant leap forward, driven by deep client engagement.

• Average Traded Shares have surged 182% from our October average, now topping over 1M shares per session.
• Average Traded Notional has more than doubled, climbing 101% to $84.7 million per session.

Crucially, this growth also shows the Bruce ATS is expanding breadth and depth.

• Breadth: The average number of symbols traded each night has jumped 166% to 298, showing liquidity is deepening across a wider range of tickers.
• Depth: Client engagement is at an all-time high. We are now seeing orders placed in an average of over 2,900 unique symbols nightly, with average order notional hitting $493 billion per session.

This data highlights that Bruce Markets is becoming a key, high growth venue, in overnight trading.

Bruce on Tour

Our team is out in the market discussing the evolution of 24 hour trading.

• This week: Our CEO, Jason Wallach, was at the ASCEND Information Summit in Austin, where he moderated a panel on “Navigating the Future of Retail Trading and Brokerage.”

• Next week: Jason will be in NYC for the SIFMA Market Structure Conference on November 20th. He will be speaking on the “Innovations and Trends” panel, focusing on the competitive landscape in market structure.

We’re excited to build on this momentum and will continue to share the data driving this market.

The Bruce Markets Team

¹Bruce ATS internal numbers through trade date 11/13/2025