- Alternative trading venues failed to capitalise on a quiet month for overall stocks trading with both dark order books and periodic auctions losing market share.
- Systematic internalisers run by electronic liquidity providers were the only group of alternative venues to increase share, yet Citadel Securities was the only ELP SI to trade more in August than in July.
- Sweden was the odd one out as dark venues accounted for a record share of trading in its benchmark equity index.
- The European Union has yet to begin selecting a provider for the equities consolidated tape yet policymakers have already moved on to a bigger reform: one regulator, one clearinghouse and one CSD for equities listed in the EU.
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