The last trading session of 2019 at NPEX ended on 10.01 euro per depository receipt of Icecat shares (DR), a modest 2.5% below the start of the year. During 2019 the highest trade price was an all time high at €11.10 (June 20). The bandwidth of market prices was €7.80 to €10.58, slightly above the one of 2018: €7 – €10.49.
Corrected for executed options, the liquidity increased by 90% in trading volume in euro to €168K, and about the same (+89%) in terms of traded DRs, compared to 2018. Including options, 51,488 DRs changed hands for a total of €480K euro. The annual increase in liquidity is more or less at the same pace as during 2018. The higher liquidity seems to go hand in hand with a higher volatility.
It’s Icecat’s policy to strife for a further increase in liquidity during 2020. We’re hoping to see improvements in the trading system and methodology of NPEX. If we take the lessons from other funds, exchanges and also our ICY token: great environments help to improve liquidity even if absolute trading volumes are still small. Think of a proper order book functionality, allowing daily or 24×7 real-time trade, allowing 3rd party tradebots to automatically manage your orders according to your strategy, and accessing larger pools of investors.
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