INTL Surges 95.86% to $290M Volume, Climbs to 437th as IP Dips 1.57% Amid Market Uncertainty

On October 10, 2025, International (INTL) closed with a trading volume of $0.29 billion, marking a 95.86% increase from the previous day and ranking 437th in market activity. Meanwhile, International Paper (IP) declined by 1.57% amid mixed sector dynamics.

Recent developments suggest mixed sentiment for the sector. A regulatory update from the SEC regarding cross-border trading protocols has created uncertainty, though no direct implications for International were cited. Analysts noted that the broader market’s focus on liquidity management could indirectly affect capital allocation patterns for large-cap tech stocks.

Backtesting parameters for a volume-based strategy require clarification on several operational details. The market universe must define whether U.S.-listed shares (NYSE/NASDAQ) or global markets are included. Ranking criteria need specification: should volume be measured by dollar value (price × shares) or share count? Execution timing conventions also require confirmation—positions would be entered at daily close prices with exits at the next close, assuming equal weighting. Frictional costs like commissions and bid-ask spreads may be excluded for initial modeling, with adjustments possible later.

Once these parameters are finalized, the backtest engine will generate daily signals, enabling performance analysis and visual reporting. The framework aims to maintain methodological precision while accounting for real-world trading constraints.