The ASX’s dark liquidity platform, Centre Point, matched a record $1.5 billion in trades last week, up 53% from this year’s average.
Centre Point works by anonymously matching bids and offers at the mid-point and tends to be used for large blocks of trades that might otherwise move prices in lit markets.
The ASX said its lit markets accounted for a steady 62.5% of Australian trades last week.
Centre Point has grown significantly since launching in 2010, snatching market share from investment banks’ in-house dark pools.
Last week’s Centre Point record was almost 40% of the $3.94 billion in dark pool trades that were executed off the exchange and reported to the ASX throughout the week.
From the ASX’s weekly report:
The ASX 200 shed 2.5%, with Qantas tumbling almost 16% throughout the week.