- Dark order books, periodic auctions and systematic internalisers run by electronic liquidity providers all outperformed the 11.58% m/m decline in on-venue turnover.
- The EU-based dark pools of every MTF fared better than their UK-based counterparts.
- Hudson River Trading SI reclaimed the title of biggest ELP SI from Citadel Connect Europe, while Jane Street JX-EU narrowed the gap to third-placed XTX SI.
- SIs run by market makers accounted for a record share of on-venue activity.
- LSE is planning to launch a dark order book using the Market Identifier Code XLOX in July. Participants have traded at the midpoint on LSE for years, but only using the large-in-scale waiver.
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