- Dark pools executed approximately 17.77% of US equity volume last month, up 97 bps from October’s 16.79%
- Dark-pool average daily volume fell 5.29% m/m, to 3.34 billion shares, while consolidated ADV dropped 10.49% m/m
- Most single dealer platforms underperformed last month
- Block ATSs also struggled in November
- Hidden orders on lit markets executed 10.76% of US volume in November, up 68 bps from October
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