Arthur’s 59% Volume Drop Sends It to 346th Rank Amid Restructuring and Mixed Market Sentiment

On September 22, 2025, , , . , indicating subdued liquidity despite its marginal price gain.

Recent developments highlight mixed toward Arthur. A revealed updated compliance measures under review by the firm, which analysts suggest could influence investor confidence. Additionally, a initiative was announced, aiming to streamline operations by consolidating underperforming divisions. While such moves often signal cost-cutting, they may also raise concerns about short-term volatility as market participants assess the strategic implications.

To deliver an accurate back-test, I need to pin down a few practical details: Universe—Which market should we scan each day for the “top 500 by trading-volume” list? For example: all primary-listed U.S. equities, only constituents, China A-shares, etc. Execution & pricing assumptions—Enter at next day’s open, or at the same day’s close? (1/500 each day) or volume-weighted? / slippage—Should we assume zero costs, or add a round-trip cost (e.g., 5 bp each side)? (if any)—Stop-loss, take-profit, max holding days beyond the 1-day rule, etc. Let me know your preferences (or confirm you’re happy with default settings: U.S. equities universe, same-day close entry / next-day close exit, equal weight, zero costs).