- Dark pools executed approximately 14.31% of US equity volume last month, up 31 bps from July’s 14.00%
- Dark-pool average daily volume fell 5.51% m/m, to 1.29 billion shares, while consolidated ADV dropped 7.60% m/m
- Block pools did especially well in August
- We provide commentary on the LeveL-Luminex merger and Coda enforcement action
- Hidden orders on lit markets executed 7.08% of US volume in August, down 29 bps from July