- Dark pools executed approximately 17.48% of US equity volume last month, up 74 bps from December’s 16.73%
- Dark-pool average daily volume rose 5.67% m/m, to 2.73 billion shares, while consolidated ADV increased by a smaller margin of 1.16% m/m
- TMX Group’s new US ATS, AlphaX, had a successful launch, reaching 900,000 shares per day last month
- Single-dealer platforms were a mixed bag in February
- Hidden orders on lit markets executed 9.53% of US volume in February, up 52 bps from January
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