- Periodic auctions increased their average daily value traded by more than 26% in September, taking their share of on-venue trading to 10.60%, within touching distance of the 10.88% traded on dark books.
- Cboe Periodic Auction and Aquis Auction on Demand, the two largest periodic-auction books, grew by more than the average, but Nasdaq Auction on Demand almost quadrupled month-on-month.
- Periodic auctions may take further market share in future months.
- OneChronos plans to launch its venue before the end of March and Goldman Sachs's Sigma X Auction Book will offer free executions from Monday.
- The European Union abolished its double volume caps on dark trading at the end of September, but it suspended a new batch of stocks on October 14 under the new, tougher single volume cap.
- Jane Street's JX-EU SI was the region's largest ELP SI in September. It also grew by more than its rivals, increasing ADVT by more than 14% m/m.
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