SWStonkWhisper

MRSH Dark Pool Activity

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

DP Shares
4.4M
Notional Value
$788.6M
DP % of Volume
47.4%
WoW Change
+91.0%

MRSH dark pool volume for the week of 2026-07-20: 4.4M shares traded across 26 ATS venues with a total notional value of $788.6M. Volume is up 91.0% week-over-week. Off-exchange dark pool transactions account for 47.4% of total MRSH 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 MRSH 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 MRSH.

DP Shares
4.4M
Notional
$788.6M
DP % of Vol
47.4%
WoW Change
+91.0%
Venues
26
Weekly Dark Pool Volume — 12 Weeks

Weekly History

WeekSharesDP %WoW
2026-07-204.4M47.4%+91.0%
2026-07-132.3M-20.0%
2026-07-062.9M+28.2%
2026-06-292.2M-44.7%
2026-06-224.0M+80.8%
2026-06-152.2M-28.8%
2026-06-083.1M-39.7%
2026-06-015.2M+43.6%
2026-05-253.6M+16.7%
2026-05-183.1M-34.8%
2026-05-114.8M+19.3%
2026-05-044.0M+2.8%

ATS Venue Breakdown (latest week)

4.4M
93.6K trades
UBSA
UBS ATS
646.4K
11.3K trades
INCR
INTELLIGENT CROSS LLC
487.0K
11.9K trades
SGMT
SIGMA X2
437.4K
8.6K trades
EBXL
LEVEL ATS
429.8K
15.3K trades
MLIX
INSTINCT X
366.6K
4.2K trades
MSTX
MS TRAJECTORY CROSS (ATS-1)
314.3K
15.6K trades
MSPL
MS POOL (ATS-4)
265.3K
1.8K trades
CGXS
ONECHRONOS
240.9K
2.7K trades
BIDS
BIDS ATS
211.4K
375 trades
PURE
PURESTREAM
191.4K
11.1K trades
JPMX
JPM-X
174.7K
2.1K trades
JPBX
JPB-X
143.9K
2.5K trades
LATS
THE BARCLAYS ATS
87.8K
1.2K trades
KCGM
VIRTU MATCHIT ATS
78.5K
992 trades
BNPX
BNPP CORTEX ATS
78.2K
998 trades
ITGP
POSIT
66.4K
494 trades
XSTM
CROSSSTREAM
51.5K
523 trades
ICBX
CBX
36.0K
650 trades
ONEC
CITI-ONE ATS
25.2K
270 trades
IATS
IBKR ATS
17.9K
579 trades
MSRP
MS RPOOL (ATS-6)
15.9K
373 trades
LQNA
LIQUIDNET H2O ATS
14.0K
94 trades
BLKX
INSTINET BLOCKCROSS
4.0K
5 trades
ALPX
ALPHAX US
3.1K
40 trades
STFX
STIFEL X
200
1 trades
BLUE
BOATS
3
1 trades