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Let There Be Light: European Edition

Let There Be Light: European Edition

• Dark MTFs and dark order books run by exchanges accounted for 11.49% of on-venue pan-European average daily value traded in January, a record

• Dark venues based inside the EU, especially those specialising in large-in-scale trades, grew at a faster rate than venues located in the UK

• Periodic-auction venues set a record too - 5.66% of on-venue trading - as alternative venues rebounded in a flat overall market

• The European Securities and Markets Authority will soon reveal how and, crucially, when it plans to introduce a 7% cap on dark trading in individual equities

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