S&P 500 futures liquidity surges

Market liquidity for S&P 500 futures has shown a dramatic improvement, with top-of-book depth reaching $10.8 million for the week ending Tuesday. This marks the highest level since January and represents a 440% increase from the low of around $2.0 million recorded last month. The current reading is also higher than 84.6% of all historical observations, indicating a significant recovery in market depth and trading conditions.