- Dark pools executed approximately 14.55% of US equity volume last month, down 7 bps from October’s 14.62%
- Dark-pool average daily volume increased 4.12% m/m, to 9.99 billion shares, while consolidated ADV rose 4.61% m/m
- We provide commentary on five material amendment filings to Form ATS-Ns
- We offer key takeaways about the new FINRA non-ATS off-exchange data
- Hidden orders on lit markets executed 8.90%% of US volume in November, down 4 bps from October