In our final view of the series we return to one of the most controversial MiFID II introductions, Double Volume Caps, with a different attempt to assess their impact by examining how UK blue chip volume dispersed before during and after DVC suspensions. As an explanation for the methodology used for this exercise, in slide one we look at market share before during and after the DVC suspensions. The second slide looks at market share change. The baseline for the calculation is market share before suspension. Some observations: By definition, stocks that were not suspended trade less in the dark and possibly are less liquid in general. Therefore they trade more on Central Limit Order Books and less in Auctions and naturally, Dark Pools. Behavioural change may be in evidence as alternative mechanisms (auctions in particular) appear to maintain and grow their share post-suspension vs pre-suspension.