Dark trading in Asia-Pacific is still relatively minimal compared with the US and Europe. In Hong Kong, for example, turnover in dark pools represented between 1% and 1.7% of total market turnover from October 2016 to September 2017, according to data from Hong Kong Exchanges and Clearing. Dark volumes in Europe and the UK stood at around 9% in 2020, while in the US, by some estimates, dark pools capture between 40% and 50% of average daily market share on some days.
A big reason for this
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