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Let There Be Light: US Edition

Let There Be Light: US Edition
  • Dark pools executed approximately 17.29% of US equity volume last month, down 122 bps from August’s 18.51%
  • Dark-pool average daily volume rose 4.44% m/m, to 3.17 billion shares, while consolidated ADV jumped 11.77% m/m
  • Most SDPs and block ATSs failed to keep pace with the wider market
  • No Form ATS-N material amendments have been posted since October 1, because of the ongoing federal-government shutdown
  • Hidden orders on lit markets executed 10.11% of US volume in September, down 42 bps from August

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