Interactive's $460M Volume Lands It 367th in U.S. Rankings as Sector Navigates Cost Cuts and Regulatory Hurdles

On September 19, 2025, , ranking 367th among U.S. equities. , reflecting mixed market sentiment amid broader sector consolidation trends.

Recent developments highlight strategic shifts in the brokerage industry as firms prioritize cost optimization and . Interactive’s focus on has drawn renewed institutional interest, though macroeconomic uncertainties continue to temper aggressive positioning.

Analysts note the company’s recent , including enhanced algorithmic trading capabilities, position it to capture a larger share of high-frequency trading activity. However, regulatory scrutiny over market access fees remains a near-term headwind for the sector.

To run this accurately I’ll need to pin down a few practical details first. Could you confirm (or let me know if you’d prefer different settings)?

1. Universe • All U.S. listed common stocks (NYSE + NASDAQ) – ok? • ADRs, ETFs and preferreds would be excluded.

2. . . . .

3. Costs & slippage • If you’d like to include trading costs, please specify – otherwise I’ll assume 0 bps so we can see the “raw” edge first.

4. , , , , . • Benchmark: SPY, unless you’d like something else.

5. .

Let me know if those default assumptions work or if you’d like any changes—once confirmed I’ll pull the data and run the back-test.