Microbites #3 – Dark Trading in Europe 27 August 2025 / big xyt / European Market Structure Microbites/ Views big xyt The big xyt Microbites series is for those who are unfamiliar with the European market structure or need a refresher. In this third episode we look at dark trading in Europe and the unique rules that limit the activity. We recommend that you read the previous episodes if you are unfamiliar with any of the terms used here. View the article here. Related Insights 15 July 2025 Modernising Market Transparency: Our Understanding of the FCA Consultation Paper CP25/20 The UK Financial Conduct Authority’s (FCA) July 2025 Consultation Paper CP25/20 marks a notable moment in the evolution … 08 July 2025 The Finance Hive’s CMX 2025: What Multi-Asset Buy-Side Desks Need from TCA At The Finance Hive’s CMX 2025, our TCA workshop focused on how trading desks are adapting their daily workflows – using… 04 June 2025 Scaling European Equity and ETF Data Processing To Deliver the Consolidated Tape Laying the technological and operational foundation is essential for the European Consolidated Tape (CT). Our infrastruc…
