Australia Dark Report: July 2025
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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Dark turnover (ex blocks) continued to grow in July and hit a new record, 18.6% for ASX200 and 7.0% for whole market respectively.
Within the ASX200, SFR was the most active name traded in dark at 33.4%, two months in a row.
Across the ASX200, on average 10.0% was traded as a block and RWC was the most blocked up stock (43.1%).
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