SWStonkWhisper

MDLN Dark Pool Activity

ATS off-exchange volume intelligence · Week of 2026-07-20

DP Shares
7.7M
Notional Value
$297.2M
DP % of Volume
11.8%
WoW Change
-10.4%

MDLN dark pool volume for the week of 2026-07-20: 7.7M shares traded across 27 ATS venues with a total notional value of $297.2M. Volume is down 10.4% week-over-week. Off-exchange dark pool transactions account for 11.8% of total MDLN market volume — within the normal institutional baseline range. Primary routing venues include , INTELLIGENT CROSS LLC, UBS ATS.

Dark pool activity in MDLN 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 MDLN.

DP Shares
7.7M
Notional
$297.2M
DP % of Vol
11.8%
WoW Change
-10.4%
Venues
27
Weekly Dark Pool Volume — 12 Weeks

Weekly History

WeekSharesDP %WoW
2026-07-207.7M11.8%-10.4%
2026-07-138.6M-5.7%
2026-07-069.1M-17.6%
2026-06-2911.1M-8.7%
2026-06-2212.1M+13.2%
2026-06-1510.7M-25.1%
2026-06-0814.3M61.1%-33.7%
2026-06-0121.6M44.1%+46.2%
2026-05-2514.8M30.2%-50.6%
2026-05-1829.9M61.2%+140.0%
2026-05-1112.5M25.5%-29.2%
2026-05-0417.6M36.1%+186.4%

ATS Venue Breakdown (latest week)

7.7M
95.0K trades
INCR
INTELLIGENT CROSS LLC
1.0M
15.2K trades
UBSA
UBS ATS
799.2K
10.4K trades
BIDS
BIDS ATS
748.7K
707 trades
EBXL
LEVEL ATS
715.4K
14.9K trades
SGMT
SIGMA X2
518.5K
6.3K trades
MSTX
MS TRAJECTORY CROSS (ATS-1)
484.1K
13.7K trades
ITGP
POSIT
472.2K
776 trades
PURE
PURESTREAM
425.7K
11.9K trades
MLIX
INSTINCT X
394.6K
3.9K trades
CGXS
ONECHRONOS
364.3K
3.4K trades
MSPL
MS POOL (ATS-4)
314.2K
1.7K trades
JPMX
JPM-X
294.6K
2.8K trades
JPBX
JPB-X
260.5K
2.3K trades
XSTM
CROSSSTREAM
212.9K
655 trades
LATS
THE BARCLAYS ATS
201.4K
2.2K trades
BNPX
BNPP CORTEX ATS
118.8K
1.0K trades
ICBX
CBX
95.8K
933 trades
BLKX
INSTINET BLOCKCROSS
87.6K
8 trades
KCGM
VIRTU MATCHIT ATS
86.8K
952 trades
ONEC
CITI-ONE ATS
48.3K
548 trades
LQNA
LIQUIDNET H2O ATS
32.7K
86 trades
ALPX
ALPHAX US
12.4K
162 trades
MSRP
MS RPOOL (ATS-6)
12.2K
284 trades
IATS
IBKR ATS
11.0K
192 trades
STFX
STIFEL X
401
4 trades
BOSS
BRUCE MARKETS, LLC.
10
1 trades
BLUE
BOATS
2
2 trades