A new study of UK equities markets has revealed that most share trading is not hidden away privately between dealers but takes place on transparent, liquid platforms.

Last week, US research house Tabb Group released a report which said 85% of "executable" UK equities trades - those that can be traded against by pension funds and retail investors - take place on organised venues such as stock exchanges or multilateral trading facilities. The rest occur over the counter, such as on the internal trading systems within investment banks, known as broker crossing systems.