TradeTech Europe 2015 (past event)
14 - 15 April, 2015
CNIT, Paris-La Défense, France
Paris, France Contact Us: 1.888.482.6013
Let There Be Dark
Sometimes an industry adopts mysterious-sounding labels to add to the intrigue of its complexity. It may well be that market historians will regard the use of the term “dark pools” as an error of PR.
“Dark pools” burst into the public consciousness not with the adoption of Regulation ATS in the US, nor with MiFID in Europe, but with the publication of Michael Lewis’ “Flash Boys” in April this year.
Whereas “non-displayed liquidity traded in an exchange-like venue under a pre-trade transparency waiver” may not sound as sexy (few would argue against that) the negative connotations surrounding the venues have reverberated through to regulators and law makers alike, we believe to the potential detriment of the end investor.
(This article was first published in the Electronic Trading Journal-GlobalTrading, Q4 2014 Issue #52)
“Dark pools” burst into the public consciousness not with the adoption of Regulation ATS in the US, nor with MiFID in Europe, but with the publication of Michael Lewis’ “Flash Boys” in April this year.
Whereas “non-displayed liquidity traded in an exchange-like venue under a pre-trade transparency waiver” may not sound as sexy (few would argue against that) the negative connotations surrounding the venues have reverberated through to regulators and law makers alike, we believe to the potential detriment of the end investor.
(This article was first published in the Electronic Trading Journal-GlobalTrading, Q4 2014 Issue #52)
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