Out of the Dark Pool
THE DALY CLOSE
There's nothing more seductive than the promise of a dark pool of liquidity: the ability to handle both ends of the trade without coughing up exchange or ECN fees. Realistically, however, firms won't benefit from creating dark pools.
The first step in evaluating whether or not to build a crossing network is to determine if there is enough natural order flow to make a viable destination for institutional traders. How much of your current daily order flow can be naturally crossed already? Be
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