Dark Trading

Highlights from IEX Exchange’s dark and non-displayed trading content, all in one place.
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Research
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July 23, 2024

If It Aint Broke, It’s D-Peg

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3.5 Trillion

in notional volume traded on IEX using D-Limit functionality since its inception

75%

Proportion of lit IEX trading volume traded using D-Limit

19%

Of Institutional brokers' D-Limit volume see 2¢/share average price sees improvement

75%

Stability with D-limit vs 28% on other exchanges at NBBO
RElated Product

D-Peg™

Rests outside the NBBO and is willing to step to the midpoint—except when the Signal is on.

  • Dark
  • More aggressive than P-Peg
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