Let There Be Light: US Edition

• Dark pools executed 19.77% of US equity volume last month, up 32 bps from July’s 19.45%
  
• Dark-pool average daily volume dipped 4.53% m/m, to 3.24 billion shares, compared with a 6.08% drop for market-wide ADV
  
• The top performing venues include those with exposure to retail flow and single-dealer platforms
  
• We added data for overnight ATSs and Mosaic ATS
  
• Hidden orders on lit markets executed 12.29% of US volume in August, up 4 bps from July

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