Tables

A. Rewards by quote size (eligible market-days; capital ≈ S dollars)

S shares/side	eligible md	% eligible	mean $/day thin	median comp.	deep	mean %/day thin	median	deep	md paying (median)
100	58	4%	5.01	2.00	1.32	5.015	2.003	1.316	23
200	278	21%	7.37	2.97	2.08	3.684	1.486	1.042	179
500	490	37%	54.35	24.02	17.56	10.869	4.805	3.512	439
1000	1,090	83%	119.65	56.59	42.11	11.965	5.659	4.211	988
5000	1,090	83%	356.51	207.06	163.79	7.130	4.141	3.276	1,066

B. Markout by mid bucket (cents per share, fills at the touch)

bucket	n	capture	markout 5m	15m	60m	net 60m	net 60m size-w
30–35¢	35,794	0.64	-0.32	-0.46	-0.22	0.81	0.90
35–45¢	87,557	0.64	-0.31	-0.44	-0.38	0.95	0.78
45–55¢	81,920	0.65	-0.14	-0.13	-0.19	0.80	0.32
55–65¢	68,626	0.68	-0.23	-0.41	-0.74	1.37	1.15
65–80¢	73,632	0.68	-0.32	-0.47	-1.28	1.92	0.19

C. Net per market-day (% of capital per day)

S	md	turnover/day	rewards (median comp.)	capture	markout	rebate	net thin	net median	net deep	days>0 (median)
100	58	3.31	2.003	2.338	-0.550	0.738	8.641	5.629	4.942	67%
200	278	2.11	1.486	1.745	-0.424	0.487	6.340	4.143	3.698	71%
500	490	1.98	4.805	1.553	-0.112	0.406	12.941	6.876	5.584	90%
1000	1,090	1.92	5.659	1.403	-0.098	0.424	13.890	7.584	6.135	88%
5000	1,090	1.41	4.141	1.007	-0.042	0.313	8.492	5.503	4.638	92%