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Block Trading Venues Set Records 

November 2, 2017

Markets Media ,Shanny Basar

"MiFID II, the regulation covering EU financial markets from January 2018, will change trading by introducing double volume caps on dark pool trading and not allowing brokers to cross internal flows without registering as a systematic internalizer. However Large In Scale (LIS) trades, above a certain size specified by the European Securities and Markets Authority, are exempt from the dark pool volume caps. As a result there will be more large trades to take advantage of the waiver.

Last month €7.55bn ($8.8bn) was traded via Turquoise Plato Block Discovery, 25% more than the prior record value set in September this year and more than four times the value in October 2016.  There was also a daily record of €457.7m on 25 October, 5% higher than the previous record on 27 July 2017."

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