SWStonkWhisper

USM Dark Pool Activity

ATS off-exchange volume intelligence · Week of 2025-08-11

DP Shares
878.0K
Notional Value
$66.7M
WoW Change
+2.9%

USM dark pool volume for the week of 2025-08-11: 878.0K shares traded across 24 ATS venues with a total notional value of $66.7M. Volume is up 2.9% week-over-week. Primary routing venues include , INTELLIGENT CROSS LLC, SIGMA X2.

Dark pool activity in USM 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 USM.

DP Shares
878.0K
Notional
$66.7M
DP % of Vol
WoW Change
+2.9%
Venues
24
Weekly Dark Pool Volume — 12 Weeks

Weekly History

WeekSharesDP %WoW
2025-08-11878.0K+2.9%
2025-08-04853.0K+24.1%
2025-07-28687.1K-0.9%
2025-07-21693.6K+70.3%
2025-07-14407.4K-33.0%
2025-07-07608.0K+207.9%
2025-06-30197.5K-15.1%
2025-06-23232.4K+49.1%
2025-06-16155.9K-24.6%
2025-06-09206.7K+15.7%
2025-06-02178.6K-1.0%
2025-05-26180.3K-21.2%

ATS Venue Breakdown (latest week)

878.0K
15.9K trades
INCR
INTELLIGENT CROSS LLC
149.0K
2.5K trades
SGMT
SIGMA X2
100.7K
2.4K trades
MSPL
MS POOL (ATS-4)
91.3K
451 trades
MSTX
MS TRAJECTORY CROSS (ATS-1)
85.3K
1.4K trades
EBXL
LEVEL ATS
64.4K
4.2K trades
LQNA
LIQUIDNET H2O ATS
62.7K
84 trades
MLIX
INSTINCT X
59.9K
1.2K trades
UBSA
UBS ATS
58.8K
885 trades
ITGP
POSIT
24.5K
56 trades
JPMX
JPM-X
21.3K
249 trades
LATS
THE BARCLAYS ATS
20.0K
270 trades
CGXS
ONECHRONOS
19.6K
426 trades
PURE
PURESTREAM
18.2K
673 trades
BNPX
BNPP CORTEX ATS
17.7K
237 trades
KCGM
VIRTU MATCHIT ATS
17.6K
219 trades
ONEC
CITI-ONE ATS
14.7K
202 trades
ICBX
CBX
14.2K
128 trades
BIDS
BIDS ATS
11.6K
42 trades
JPBX
JPB-X
11.0K
208 trades
IATS
IBKR ATS
9.6K
66 trades
XSTM
CROSSSTREAM
3.3K
26 trades
MSRP
MS RPOOL (ATS-6)
1.7K
71 trades
CODA
CODA MARKETS, INC.
559
5 trades
ALPX
ALPHAX US
200
2 trades