ADAP Dark Pool Activity
ATS off-exchange volume intelligence · Week of 2025-10-20
ADAP dark pool volume for the week of 2025-10-20: 11.0M shares traded across 24 ATS venues with a total notional value of $710K. Volume is up 37.5% week-over-week. Primary routing venues include , INTELLIGENT CROSS LLC, MS POOL (ATS-4).
Dark pool activity in ADAP reflects institutional order flow executing on Alternative Trading Systems (ATS) registered with the SEC — private venues where large-block trades are matched away from public exchanges to minimize price impact. StonkWhisper ingests FINRA-published ATS volume data to track these off-exchange flows. Sustained elevation in dark pool percentage — particularly when concentrated at specific venues — can indicate institutional accumulation or distribution ahead of significant price moves. The interactive charts below show 12-week historical volume and complete venue breakdown for ADAP.
Weekly History
| Week | Shares | DP % | WoW |
|---|---|---|---|
| 2025-10-20 | 11.0M | — | +37.5% |
| 2025-10-13 | 8.0M | — | +7.6% |
| 2025-10-06 | 7.4M | — | +336.7% |
| 2025-09-29 | 1.7M | — | -56.7% |
| 2025-09-22 | 3.9M | — | -72.0% |
| 2025-09-15 | 14.0M | — | +895.0% |
| 2025-09-08 | 1.4M | — | -47.7% |
| 2025-09-01 | 2.7M | — | +25.8% |
| 2025-08-25 | 2.1M | — | -47.2% |
| 2025-08-18 | 4.0M | — | +23.0% |
| 2025-08-11 | 3.3M | — | -15.4% |
| 2025-08-04 | 3.9M | — | -60.7% |