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Let There Be Light: European Edition

Let There Be Light: European Edition
  • Dark order books, periodic auctions and systematic internalisers run by electronic liquidity providers all lost market share in March as OTC trading surged.
  • Aquis Matching Pool (+9.56% m/m in aggregate) was one of few dark order books to increase its average daily value traded in March.
  • Incoming rule changes from the FCA may soon make it impossible to make direct comparisons between consolidated turnover in the EU and the UK.

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