- Dark pools executed approximately 16.00% of US equity volume last month, down 4 bps from April’s 16.04%
- Dark-pool average daily volume increased 13.32% m/m, to 1.99 billion shares, while consolidated ADV climbed 13.65% m/m
- Three single-dealer platforms had significant month-over-month gains, propelled by retail and sub-dollar trading
- Despite the VIX average close dropping to the lowest level in five months, most block pools struggled in May
- Hidden orders on lit markets executed 8.57% of US volume in May, down 28 bps from April
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