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Lights Out At Barclays' Dark Pool: Volume Plummets By 79% From Highs

Tyler Durden's picture




 

A week ago, when we commented on the latest publicly available data for Barclays' fraud-embroiled LX dark pool, whose volume as we reported had tumbled 37% in the week of the lawsuit announcement, we said that the downward volume trend "is about to get a whole lot worse for Barclays as the trickle becomes an avalanche." Sure enough, following today's reported by Finra's ATS database for the week of June 30, we find just that, and one can largely say lights out to Barclays LX operation, whose total shares traded plummeted from 197 million (and 312 million the week before) to a paltry 66.4 million, a two-week drop of 79% from its recent highs, putting it, in 12th total dark pool volume place, below ITG and above BIDS trading. So much for any ambitions of becoming America's top dark pool. Last on the other hand...

The winners as Barclays is "Lehman'ed" - all other dark pools, including Sigma X, the proud backer of IEX and "market integrity." Now: who's next?

Source: Finra

 

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Mon, 07/21/2014 - 07:57 | 4982755 Its_the_economy...
Its_the_economy_stupid's picture

USA BAnks stage a take-down via G-men intervention.

Mon, 07/21/2014 - 08:26 | 4982831 negative rates
negative rates's picture

What happened to the vix?

Mon, 07/21/2014 - 08:55 | 4982893 AlaricBalth
AlaricBalth's picture

Who's next?

CROSSFINDER CREDIT SUISSE SECURITIES (USA) LLC
# of Shares 290,880,363 Trades: 1,687,071 Avg.trade Size: 171 Shares
Week of 6/30/2014

https://ats.finra.org/Agreement

May 2014 - Credit Suisse Pleads Guilty to Conspiracy to Aid and Assist U.S. Taxpayers in Filing False Returns

http://www.justice.gov/opa/pr/2014/May/14-ag-531.html

Mon, 07/21/2014 - 07:57 | 4982756 GetZeeGold
GetZeeGold's picture

 

 

had tumbled 37% in the week of the lawsuit announcement

 

Flip the lights on bitchez!

Mon, 07/21/2014 - 07:59 | 4982760 buzzsaw99
buzzsaw99's picture

turns out muppets don't like getting fisted? who knew?

Mon, 07/21/2014 - 08:00 | 4982762 ekm1
ekm1's picture

Sacrificial Lambs:

 

 

- Bear stearns

 

- Lehman

 

- MF Global

 

 

- Barclays????

Who is the Temple priest offering Barclays to gods?

 

It's ironic because Barclays was the temple priest slaughtering Lehman and JPm slaughtered Bear Stearns and MF Global.

Mon, 07/21/2014 - 08:08 | 4982777 TeamDepends
TeamDepends's picture

No honor among thieves.

Mon, 07/21/2014 - 09:19 | 4982995 Cacete de Ouro
Cacete de Ouro's picture

Barclays is too important to British 'national security' (washing and wealth mgt), and also too important now to gold trading, to disappear.

Mon, 07/21/2014 - 08:02 | 4982766 q99x2
q99x2's picture

Run bankster run. ZeroHedge going to bite your ass.

Mon, 07/21/2014 - 08:06 | 4982774 valley chick
valley chick's picture

Since this is like one big bankster orgie, who is connected to Barclay's in the dark pools?

Mon, 07/21/2014 - 08:12 | 4982782 QEternity
QEternity's picture

C'mon pookie lets burn this motherfucker down!

Mon, 07/21/2014 - 08:21 | 4982802 Pee Wee
Pee Wee's picture

Far too little too late.  Entire generations are ditching the fraud so-called "markets," never to return. 

Alas, the entire world seems to smell the stench of crony/corrupt central planning and failure rewarded.

TBTF has castrated US money.

"No one saw it coming."

Mon, 07/21/2014 - 08:40 | 4982869 Ban KKiller
Ban KKiller's picture

Some stupid ass bank of America idiot attorney will recommend buying Barclays. Did I mention BofA attys have sewage for brains? I'm being kind.

Mon, 07/21/2014 - 08:44 | 4982885 orangegeek
orangegeek's picture

from wikipedia

In June 2014 the U.S. state of New York filed a lawsuit against Barclays alleging the bank defrauded and deceived investors over its dark pool.

 

Bankster fraud in the markets.  Maybe banksters should stick to real estate and car loans.

 

Oh wait, banksters fucked that up too.  LMAO!!!!

 

Mon, 07/21/2014 - 09:03 | 4982911 CloseToTheEdge
CloseToTheEdge's picture

@Valley Chick, The whole point of a dark pool is complete confidentiality...so we can safely assume 'Who isn't associated with Barclay's dark pool".

Mon, 07/21/2014 - 09:45 | 4983104 chinaboy
chinaboy's picture

So it might be interesting to know about the 21%. Are they stuck in the dark?

Mon, 07/21/2014 - 11:25 | 4983646 RaceToTheBottom
RaceToTheBottom's picture

Funny how all the non American banks are getting charged.

I want all WS banks pushed into a "Dark Pool"

Mon, 07/21/2014 - 12:17 | 4983959 NoTTD
NoTTD's picture

Gee, you mean when their clients found out they were being fucked in this fashion, they made them stop?

Mon, 07/21/2014 - 12:20 | 4983973 KnuckleDragger-X
KnuckleDragger-X's picture

Whose the Fed pissed at right now because we need more ritual sacrifices to protect the guilty....

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