Nikkei 225 mini derivatives see growth in dark pool trading activity

26th October, 2026

Aravind Bulusu

Trading activity for Nikkei 225 mini futures contracts in private dark pools surged from approximately ¥3 trillion (£14.3bn) in late 2023 to over ¥7 trillion by August 2025, driving market share to a record high of 13.2%, before the ratio settled back to approximately 11% by August 2026.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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