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Let There Be Light - US Edition

Let There Be Light - US Edition
  • Dark pools executed approximately 14.19% of US equity volume last month, up 66 bps from December’s 13.52%
  • Dark-pool average daily volume increased 19.66% m/m, to 1.76 billion shares, while consolidated ADV grew 14.07% m/m
  • This month we’re introducing a new quarterly section that provides additional detail on the other components of off-exchange activity
  • We provide commentary on the SEC's recently proposed amendments to Regulation ATS and what it means for equities platforms
  • Hidden orders on lit markets executed 8.25% of US volume in January, up 22 bps from December

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