U.S. Equities Market Volume Summary

Notional Value Summary
Volume Summary

Matched Volume	Tape A	Tape B	Tape C	Market	Today	5 Day

NYSE (P,N,A,C,M)	1,558,664,158	1,098,010,196	1,047,786,644	3,704,460,998	19.02%	18.88%
NASDAQ (B,X,Q)	646,439,755	558,134,912	1,732,085,223	2,936,659,890	15.07%	14.77%
Cboe (Z,Y,K,J)	455,210,200	646,105,648	811,893,586	1,913,209,434	9.82%	9.53%
Investors Exchange (V)	269,932,953	228,055,373	250,806,274	748,794,600	3.84%	3.72%
Members Exchange (U)	71,135,417	119,355,556	213,975,043	404,466,016	2.08%	2.07%
MIAX Pearl (H)	24,075,018	69,341,030	74,338,879	167,754,927	0.86%	0.84%
24X National Exchange (G)	3,554,944	2,948,933	4,764,187	11,268,064	0.06%	0.07%
LTSE (L)	586,045	2,377,058	745,449	3,708,552	0.02%	0.02%
Matched Total	3,029,598,490	2,724,328,706	4,136,395,285	9,890,322,481	50.77%	49.89%

FINRA &TRF Volume
TRFs (DQ,DN,DB)	2,581,179,755	2,667,796,583	4,341,188,223	9,590,164,561	49.23%	50.11%
NASD & TRF Total	2,581,179,755	2,667,796,583	4,341,188,223	9,590,164,561	49.23%	50.11%

Total Consolidated Volume
Total	5,610,778,245	5,392,125,289	8,477,583,508	19,480,487,042	100%	100%

Data as of 20:00 28/01/2026.
All share and notional values delayed at least 20 minutes.

If using this data in a published report, please cite Cboe Global Markets as the source.

This data display automatically refreshes every minute during trading hours.

"Notional Value", which is also referred to as "Dollar Value Traded", is calculated by multiplying the execution price of each transaction by the total number of shares executed in each transaction. This method of calculating market share, as opposed to simply using the total number of shares that traded hands, can be a better representation of the actual "size" of a market. The larger the Notional Value traded, the more risk that actually changed hands. By way of example, 100 shares of stock ABC at $362 per share is a much larger transaction than 100 shares of stock XYZ at $2.20 a share. Other assets classes, such as futures and options, and most other equity markets outside of the U.S., historically have used Notional Value as an index into how much activity takes place on those markets. Cboe is the first to offer a real-time view, market-wide, into Notional Value traded in the U.S. cash equity markets.