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Let There Be Light: European Edition

Let There Be Light: European Edition
  • Hudson River Trading SI executed more than €1 billion a day of equity transactions in February, propelling the firm to first place in our ranking of systematic internalisers.
  • The six market makers that disclose their SI activity traded more than €4 billion a day or 6.02% of on-venue turnover. Both are records.
  • Alternative trading venues as a group accounted for 27.81% of European on-venue activity, another record as dark books also gained market share.
  • Reference-price venues executed more activity in February than periodic auctions - the last time that happened was September.
  • Dark pools gained ground because February was the first full calendar month during which fewer stocks were suspended under the EU's 7% market-wide cap

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