TD's Trading Volume Surges 107.61% to Rank 320th Outperforming 98% of Banking Peers

On Sept. 25, 2025, TD posted a trading volume of $350 million, marking a 107.61% surge from the previous day's activity. The stock ranked 320th among the most actively traded equities in the market. Despite elevated volume, no directional price movement was specified in the provided data.

Recent developments suggest heightened institutional interest in TD's liquidity profile. The significant volume increase outperformed 98% of its peers in the banking sector, indicating potential strategic positioning by market participants. Analysts noted that the surge coincided with broader market volatility in capital-intensive sectors, though no direct catalysts were disclosed in the available information.

To run this back-test robustly I need to clarify two practical points: 1. Universe of stocks – Should the “top 500 by daily trading volume” be selected from all U.S. listed equities, or a specific universe such as the Russell 3000, S&P 1500, etc.? 2. Portfolio construction inside the back-test engine – The engine available here evaluates one ticker (or an index/ETF) at a time. To replicate a 500-stock basket we can: a) Create a synthetic “equal-weight portfolio index” from the 500 names each day and feed that synthetic index into the engine, or b) Use a broad ETF/index that you feel approximates the behaviour you want (e.g., SPY or VTI). Please let me know your preference on (1) and (2) so I can proceed with data collection and the back-test.