Let There Be Light - US Edition

• Dark pools executed approximately 14.54% of US equity volume last month, down 15 bps from February’s 14.69%
• Dark-pool average daily volume rose 8.40% m/m, to 1.82 billion shares, while consolidated ADV increased 9.55% m/m
• The two best performers were relatively new pools: OneChronos and PureStream
• Single-dealer platforms were a mixed bag last month while all block pools underperformed
• This month we added new demi-block statistics to our report
• Hidden orders on lit markets executed 8.84% of US volume in March, down 9 bps from February

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