- Periodic auctions lost 247 basis points of on-venue market share in November after setting a record high in October.
- Dark order books' market share dropped 207 basis points m/m. November was the first calendar month in which equities have been suspended from reference-price-waiver trading under the Single Volume Cap.
- Cboe BIDS Europe's venues in Amsterdam and London both posted m/m declines in average daily value traded of more than 35%.
- Hudson River Trading reported the biggest m/m increase in activity by an ELP SI. Jane Street, XTX and Citadel Securities remained first, second and third.
- Deutsche Börse was the only dark-venue operator to increase ADVT m/m. Xetra Midpoint has grown more consistently than the other nine dark books that launched in 2024.
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