•The 51 alternative venues we track executed 22.42% of pan-European on-venue turnover, down 84 bps m/m (+330 bps y/y) from a record high in October
• Dark books, periodic auctions and ELP SIs all lost market share
• Our universe accounted for 13.48% of consolidated turnover, which includes on-venue and OTC, down 80 bps m/m
• Jane Street’s SI surpassed Hudson River Trading for the first time since 2020
View the report
