Moving towards the light
Have trading volumes moved onto lit venues following MiFID II’s restrictions on dark trading and the rise of systematic internalisers? Hayley McDowell examines.
Have trading volumes moved onto lit venues following MiFID II’s restrictions on dark trading and the rise of systematic internalisers? Hayley McDowell examines.
Statistics from Thomson Reuters show early effect of MiFID II DVCs as dark pool trading plummets, periodic auctions surge but LIS activity declines.
New one-day record was set on Cboe Periodic Auction on the day MiFID II’s dark pool double volume caps came into force.