A ‘dark pool of liquidity’ might sound like a Texan oilman’s dream of striking it rich while drilling but in the financial services sector it refers to undisclosed trades.
Neil Ainger looks at the rising popularity of these hidden pools in the US and wonders if they are set to take off in Europe after the arrival of the EU’s Markets in Financial Instruments Directive (MiFID) last year and of various new execution venues that offer ‘dark’ services
Are traders moving to the dark side, shying away from the light of regulated markets like vampires avoiding the sun? [Read More]