Australia Dark Report: April 2026
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The Australian Dark Report is a strategic tool designed to help the buy side better understand and navigate the complexities of the Australian dark market structure. It provides stock-level insights into key dark market metrics such as dark percentage of turnover, trade size distributions, block turnover, and statistical highlights. The report also incorporates recent broker block flows, offering timely visibility into evolving liquidity patterns and execution trends across the market.
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A fall in volatility saw a marginal increase in dark and block activity, as the ASX200 av daily VIX value fell 12.9% (to 14.2) in April from March.
ASX200 dark (ex blocks) activity rebounded to 18.1% in April, while broader market activity also improved to 7.1% (+2% MoM for both).
Within the ASX200, CAR was most actively traded name in the dark at 28.1%, extending a steady uptrend since December 2025.
Across the ASX200, on average 9.1% was traded as a block. TPG was the most blocked up name, with 53% of its turnover traded as a bock.
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