12 Days of Trading – Day 4 of 12: Dark Trading since June 2016

12 Days of Trading – Day 4 of 12: Dark Trading since June 2016

Day 4 of 12: In today’s view we take a look at some evolutionary themes in European Equity dark and block trading over the last 2 years.

Some observations:

  • As expected, DVCs had an impact on dark traded volumes particularly in trades below Large In Scale (LIS).
  • In fact this reduction in sub-LIS during the DVCs resulted in average trade sizes temporarily increasing.
  • Block trading represented by Large In Scale trades has continued to grow during the period and is something we look at more closely tomorrow.

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On our 12 Days of Trading

As the year draws to a close we have been asked by clients to look and highlight 2018 trends since the introduction of MiFID II. We thought we might make this a festive exercise on the 12 days leading up to the holidays. As a result, you will find a post to a different 2018 big-xyt observation each day.

We hope you enjoy them.

This content has been created using the Liquidity Cockpit API.

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