EMB Dark Pool Activity
ATS off-exchange volume intelligence · Week of 2026-07-20
EMB dark pool volume for the week of 2026-07-20: 5.8M shares traded across 23 ATS venues with a total notional value of $548.8M. Volume is up 23.0% week-over-week. Off-exchange dark pool transactions account for 23.5% of total EMB market volume — elevated above the typical 10–14% institutional baseline, potentially signaling active accumulation or distribution. Primary routing venues include , UBS ATS, INTELLIGENT CROSS LLC.
Dark pool activity in EMB 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 EMB.
Weekly History
| Week | Shares | DP % | WoW |
|---|---|---|---|
| 2026-07-20 | 5.8M | 23.5% | +23.0% |
| 2026-07-13 | 4.7M | — | +13.5% |
| 2026-07-06 | 4.1M | — | +0.7% |
| 2026-06-29 | 4.1M | — | -16.4% |
| 2026-06-22 | 4.9M | — | +23.7% |
| 2026-06-15 | 4.0M | — | -28.8% |
| 2026-06-08 | 5.6M | — | +38.5% |
| 2026-06-01 | 4.0M | — | -3.3% |
| 2026-05-25 | 4.2M | — | -31.2% |
| 2026-05-18 | 6.1M | — | +22.1% |
| 2026-05-11 | 5.0M | — | +2.6% |
| 2026-05-04 | 4.8M | — | -0.7% |