FT Shares Rank 290th in Volume Yet Surge 14.86% on Fintech Regulatory Developments

On September 15, 2025, , ranking 290th among active U.S. equities. , marking a significant intraday gain. This performance contrasted with broader market trends, as the stock outperformed its sector peers despite mixed macroeconomic signals.

Analysts noted the sharp price movement could be attributed to recent regulatory developments in the , which indirectly influenced investor sentiment toward FT's core business operations. While no direct earnings reports or corporate announcements were cited, the stock's volatility aligns with its historical sensitivity to policy shifts in cross-border payment systems. The volume-to-price ratio suggests strong short-term positioning, though sustainability remains untested against upcoming quarterly data releases.

To ensure I construct the test exactly as you have in mind, could you please confirm a few implementation details? The universe will default to all primary-listed U.S. common stocks unless specified otherwise. Daily-volume rankings will prioritize share volume with market cap as a tiebreaker. Execution assumptions include entering positions at next-day open and exiting at close, with equal-weight allocation across the 500 names. Transaction costs and slippage will be excluded unless stated. Price data will use official OHLC values from January 3, 2022, to the latest available date. If these parameters align with your requirements, I will proceed with back-test execution.