Let There Be Light: European Edition

• The 51 alternative venues we track executed 24.90% of pan-European on-venue turnover in June, up 168 bps m/m (+489 bps y/y) from May.
  
• Dark books (+103 bps m/m), ELP SIs (+51 bps m/m) and periodic auctions (+14 bps m/m) all gained market share
  
• Our universe accounted for 17.15% of consolidated turnover, which includes on-venue and OTC, up 93 bps m/m
  
• Periodic Auction venues and ELP SIs both set market-share records
  
• ADVT for Jane Street’s SI grew 82% m/m, making it the biggest venue in the category for the first time

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