Dark pools of liquidity

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Dark pools of liquidity (also dark pools or dark liquidity) are crossing networks that provide liquidity that is not displayed on order books. This is useful for traders who wish to move large numbers of shares without revealing themselves to the open market.

Dark liquidity pools offer institutional investors many of the efficiencies associated with trading on the exchanges' public limit order books but without showing their hands to others. Dark liquidity pools avoid this risk because neither the price nor the identity of the trading company is displayed.

Contents

[edit] Independent dark pools

[edit] Broker-dealer-owned dark pools

[edit] Consortium-owned dark pools

  • BIDS Trading
  • LeveL ATS

[edit] Exchange-owned dark pools

[edit] Other dark pools

[edit] Dark Pool Aggregators

  • Progress Apama
  • ONEPIPE - Weeden & Co. & Pragma Financial
  • Xasax Corporation

[edit] See also

[edit] External links


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