- Dark pools executed approximately 15.14% of US equity volume last month, down 58 bps from February’s 15.72%
- Dark-pool average daily volume fell 1.34% m/m, to 1.82 billion shares, while consolidated ADV increased 2.45% m/m
- After a strong February, during which all block pools gained market share, last month these venues were the worst performers
- XTX Markets gained the most market share in March while it was a mixed bag for other SDPs
- One retail-oriented ATS, CODA's Retail Auction Market, never began operating but has now officially shut down, while a new retail-centric ATS from BLOX Markets is on the horizon
- Hidden orders on lit markets executed 8.29% of US volume in March, down 47 bps from February
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