Dark diligence

The years-old issue of which dark pools to access remains a prominent one for buy-side and hedge fund trading desks, and has gained added relevance now that industry sensitivity to risk in all its guises - operational, liquidity, counterparty, market, and credit - has gone into overdrive. Dark pools clearly offer buy-side traders a viable alternative to dealing with volatility in listed markets, but how safe are they? The answer to that question no doubt varies from venue to venue, making it

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