Dark Liquidity Pool

Dark Liquidity Pool

A private securities exchange or trading platform. Dark liquidity pools do not publish the prices of their transactions, which allows investors to make larger transactions at lower cost than they might otherwise. Most traders in dark liquidity pools are institutional investors, such as mutual funds or hedge funds, that wish to protect the anonymity of their investments and/or investors. They also may not wish to cause price movements by the disclosure of their transactions. No dark liquidity pool is completely secretive: they must register with the SEC as either a securities exchange or a broker-dealer; they are governed by Regulation ATS, which stipulates certain transactions and prices that they must disclose under various circumstances. See also: Transparency.
Mentioned in ?
References in periodicals archive ?
SmartPool Trading Limited is a pan-European Multilateral Trading Facility (MTF) and dark liquidity pool covering 15 markets.
its "PLUS-pool" dark liquidity pool for small and mid-cap securities and its
The LSE said that the trading platform, named Baikal, will offer a dark liquidity pool, which allows banks, hedge funds and institutional investors to trade shares in secret.
He continued: "We leveraged our flexible, multi-asset technology platform to bring a completely dark liquidity pool to listed options at an early stage of the market's electronic evolution.
The ConvergEx Dark Desk streamlines this process by serving as a single point of entry for access to every major dark liquidity pool with knowledge of the different characteristics of each pool.
com) have agreed to supply Credit Suisse's clients with access to the investment bank's Advanced Execution Services (AES) suite of algorithmic trading products and their CrossFinder dark liquidity pool through Townsend Analytics' flagship Execution Management System (EMS), RealTick(R).
If none is found, it will next explore VortEx(SM), the ConvergEx unique dark liquidity pool.
MS POOL is a continuous dark liquidity pool that enhances crossing and price improvement opportunities for its clients by combining many sources of order flow into one aggregated pool of liquidity.
The ConvergEx product offering includes a set of global performance enhancing algorithms, a comprehensive set of advanced DMA order types, the VortExSM dark liquidity pool, and Perform-ExSM, a recently launched transaction cost analysis platform.
1 will benefit from innovative new ways to take advantage of the liquidity in SIGMA X, Goldman Sachs' crossing network and the largest US dark liquidity pool (Tabb Group, 2008), averaging 318 million US shares per day.
In addition to Perform-Ex, the ConvergEx suite of liquidity management technologies has also been enhanced through the creation of several unique order types that help increase the probability of execution in both the VortEx(SM) dark liquidity pool and the ConvergEx Cross(SM).
Beginning with the launch of ConvergEx Cross,(SM) a sophisticated block crossing engine, in March and the VortEx(SM) dark liquidity pool in April, the ConvergEx liquidity management offering also includes a complete set of performance-enhancing algorithms, a comprehensive set of advanced DMA order types, enhanced performance measurement tools and an execution management system.