Trading IQ

Timely and insightful trading commentaries

Trading IQ is designed to help our institutional clients navigate markets and the trading day ahead. 

Our experienced traders and analysts diligently employ a structured process when creating value added notes covering major markets, sectors, special situations, event-driven and risk arb, capital markets and corporate actions, index and volume analytics and market structure.

Sector Reports

Sector Reports

(Healthcare, Energy, Consumer, Financials & Real Estate, Info Tech & Communication Services, Industrials Materials & Utilities)
These reports consist of relevant overnight news stories in the various sectors, as well as analyst ratings changes and capital markets activity. The objective is to transmit value added information in a succinct format, in order to provide a clear picture of the news that will be driving daily price action.

Trading Desk Summary

Trading Desk Summary

The Trading Desk Summary is an aggregation of the individual sector reports, an overnight summary of Asia and Europe, a general U.S. news summary, and meaningful corporate action and merger related news. This report aims to communicate all meaningful overnight stories so that our clients are in sync with and prepared for the day’s trading action.

Morning Summary

Morning Summary

The Morning Summary communicates the daily narrative in an easily digestible prose format. After reading this report, readers will understand the major news stories of the day.

Morning Movers

Morning Movers

The Morning Movers report is a snapshot of companies with the biggest indicated pre-market percent moves and the associated stories.

IPOs and Secondaries

IPOs and Secondaries

Syndicate and capital markets news is clearly an important component of the daily news flow as it can alter balance sheet dynamics, drive intra-sector money flows and alter ownership which can have index implications, etc. This report identifies all meaningful equity syndicate and capital markets related flow.

Market Fact Book

Market Structure Factbook

The monthly Market Structure Factbook is an aggregation of various market highlights and insights throughout the month. This includes proprietary analysis of multiple market data points including algorithmic strategy utilization changes, ATS and non-ATS market share analysis, market structure news updates and more.

U.S. Index Activity Summary

U.S. Index Activity Summary and Index Rebalances

These reports predict and summarize the expected flows related to daily S&P and Russel Index constituent and share changes.

Morning Risk Arbitrage Summary

Daily Arbitrage Note

The Daily Arbitrage Note is dedicated to corporate actions, merger related company filings, merger reviews and all relevant, nuanced risk/arbitrage news.

Daily Market Recap

Daily Market Recap

The Daily Market Recap transmits end of day percentage change data for all major indexes, commodities, FX and U.S. sectors, while reviewing the major events and stories of the day in all major markets.

Volume Update

Volume Update

This report offers a snapshot of notable relative volume metrics including: dark pool volume, ETF volume, REIT volume, MLP volume, S&P 1500 volume segmented by capitalization and S&P 500 sector volume.

MOC Imbalances

MOC Imbalances

This note communicates the gross notional MOC market imbalance of Russell 3000 securities; it also illustrates sector specific dollar amounts and highlights securities with the largest share imbalances as well as those with the highest percent compared to the average daily volume.

Listed Options Trading

Listed Options Trading

Our listed options trading desk will periodically comment on the volatility landscape as it pertains to single stocks, sector ETFs and broad-based indices. Our analysis will incorporate internal fundamental research, upcoming catalysts, volatility metrics and recent option flows. We will also highlight specific and actionable trade ideas that will incorporate options as an overlay, equity replacement or a hedge to an existing equity or ETF position.


For more information please contact your Piper Sandler representative.