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TABB Group Issues First in Series of Quarterly US Equity Volume Market Metrics ReportsNEW YORK & LONDON --(Business Wire)-- Encouraged by SEC (News - Alert) Chair Mary Jo White's 13 directives to enhance US equity market structure through "clear-eyed, unbiased, fact-based assessments," TABB Group has issued the first in a series of comprehensive, quarterly US equity volume market metrics. According to senior research analyst Sayena Mostowfi, who initiated the series and authors the report, "US Equity Market Structure: Q1-2014 Market Metrics," TABB combined data from the SEC market structure website, Rule 605 and 606 disclosure documents, self-reported dark pool volumes and SIP data to present a comprehensve breakdown of US equity volume. "We believe that dark volume consists of retail wholesalers, dark ATSs, hidden exchange and Single-Dealer Platforms (SDPs)," says Mostowfi, who defines 'dark pools' as dark ATSs and SDPs. In Q1-2014, dark volume and dark pools accounted for 43.6% and 17.2% of industry shares respectively. Dark pool volume consisted of 84.3% dark ATS and 15.7 SDPs. In the same time period, she says, lit exchange and lit ATS accounted for 56.4% of industry volume. The 17 exhibits in the highly detailed 18-page report include:
The Q2-2014 Market Metrics report will be published in August, 2014. The new report can be downloaded by TABB Research Alliance Equity clients and qualified media at http://www.tabbgroup.com/Login.aspx. The Executive Summary can be seen at www.taggroup.com. To purchase the study, write to [email protected]. About TABB Group Based in New York and London, TABB Group is the research and consulting firm focused exclusively on capital markets, based on the interview-based, "first-person knowledge" research methodology developed by Larry Tabb.
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