Day 5 of 12: As mentioned yesterday, block trading, represented by Large In Scale (LIS) executions, has been growing steadily over the last 2 years.
- Trading behaviour has adapted to seek out blocks and advances in technology have created better tools to identify and match block trading opportunities.
- This is illustrated by the chart which seems to infer a greater appetite for block trading whilst DVC suspensions were in place and then a continued acceleration when the suspensions ceased.
- This surprised some observers who expected the jump in block volumes to be temporary as dark pools regained lost ground.
In the second slide today we show the top 10 stocks trading LIS in the dark over the course of the year:
Do you want to receive future updates directly via email? Use the following form to subscribe.
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.
About the Liquidity Cockpit
At big-xyt we take great pride in providing solutions to the complex challenges of data analysis. Navigating in fragmented markets remains a challenge for all participants. We recognise that the investing community needs and expects continued innovation as the volume of data and related complexity continues to increase.
Our Liquidity Cockpit is now recognised as an essential independent tool for exchanges, Sell-side and increasingly Buy-side market participants. Data quality is a key component, as is a robust process for normalisation so that like-for-like comparisons and trends over time have relevance. However, our clients most value a choice of flexible delivery methods which can be via interactive dashboard or direct access to underlying data and analysis through CSV, API or other appropriate mechanism.
For existing clients – Log in to the Liquidity Cockpit.
For everyone else – If you would like a trial of the Liquidity Cockpit, please use this link to register your interest.