Dark Pool Trading Drops 13% in May; Michael Lewis Could Be Factor

Dark pool trading volume dropped 13 percent in May, according to a study from the Tabb Group.

Dark pool's trading volume dropped in May

The large drop in May comes after a slight 1 percent drop in April, according to Tabb’s “May 2014 Equities LiquidityMatrix.”

“It’s not unusual to see a larger drop in volume for the summer months, but May is a little early for that to start,” said Valarie Bogard, the Tabb Group research analysist to authored the report. “This drop is likely at least partially due to the very low volatility in the market during May.”  The report noted May’s average close for the VIX was 12.5, the...