Dark pools are alternative trading venues that obscure much information about trades. Initially used by institutional investors to execute large orders discreetly, various types of dark pools exist today for different purposes beyond reducing price impact. This paper provides a historical overview of dark pools, inquiring about the reasons for their existence as well as their impact on financial markets. We also discuss the ethical and moral implications, including fairness and transparency.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

A Tour Into Dark Pools

  • Sühan Altay,
  • Katia Colaneri,
  • Zehra Eksi-Altay

摘要

Dark pools are alternative trading venues that obscure much information about trades. Initially used by institutional investors to execute large orders discreetly, various types of dark pools exist today for different purposes beyond reducing price impact. This paper provides a historical overview of dark pools, inquiring about the reasons for their existence as well as their impact on financial markets. We also discuss the ethical and moral implications, including fairness and transparency.