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“MiFID 2 double volume caps – the end of dark trading?” – Automated Trader Magazine publishes a report contributed by our Head of Analytics

27 August 2025
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Ulrich Nögel, Co-founder and Head of Analytics, writes about DVCs and LIS trading published in the Q3/4 issue 44 of the Automated Trader Magazine

A controversial rule in MiFID 2 is the double volume cap mechanism for dark pools. Recently, a quantitative study presented dramatic numbers on the percentage of stocks that would be suspended under the regime. We investigate if the efficient use of large-in-scale trading can help to mitigate the caps.

Please visit the Automated Trader Magazine to read the full report (subscribers only).

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  • xyt hub – The Data Hub for the Trading Community
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