A week ago, when we commented on the first publicly available data for Barclays’ LX dark pool, which as we reported previously had tumbled 37% in the week of the lawsuit announcement, we said that the downward volume trend “is about to get a whole lot worse for Barclays as the trickle becomes an avalanche.” Sure enough, following today’s reported by Finra’s ATS database for the week of June 30, we find just that, and one can largely say lights out to Barclays LX operation, whose total shares traded plummeted from 197 million (and 312 million the week before) to a paltry 66.4 million, a two-week drop of 79% from its recent highs, putting it, in 12th total dark pool volume place, below ITG and above BIDS trading. So much for those ambitions of becoming America’s top dark pool.
The winners as Barclays is “Lehman’ed” – all other dark pools (at least for now). Now: who’s next?
Source: Finra
via Zero Hedge http://ift.tt/1zWRC6g Tyler Durden