Imported from previous forum
[ original email was from Matthew Chimento - mchimento@woodbineassociates.com ]
Woodbine Associates, Inc.
Capital Markets Consulting
New Woodbine Report
Dark Pools: Characteristics, Operations and Liquidity
http://woodbineassociates.com/Dark_Pools_2012.html
Think they’re “bad?” Think they’re “evil?”
You’re wrong.
Dark Pools are the best thing for institutional traders since the market reforms of the early 1970s. If you are an institutional trader, you thank the stars they exist.
Still, negative spin you have heard around the market - that they recklessly disseminate information through the use of IOIs, that they route orders to other venues, that they cater to and favor high frequency traders over their institutional clients - persists.
And it is patently false or taken largely out of proportion.
Our new report, Dark Pools: Characteristics, Operations, and Liquidity dispels these myths by laying bare the operations of the major venues.
Based on extensive interviews with 19 operators representing over 25 non-displayed offerings and accounting for more than 95% of dark pool transactions, the report provides operational details for individual pools and insight into constituents, execution protocol, price improvement, liquidity, and management oversight.
The report is a “must have” for professional traders, market structure experts, portfolio managers concerned about how their orders are executed in these venues, and anyone with a vested interest in the U.S. equity markets.
For more information on Dark Pools: Characteristics, Operations, and Liquidity please click here.
For information on other Woodbine Associates research please click here.
Ryan Surprenant
Director, Sales and Relationship Management
+1.203.274.8970 ext. 203
rsurprenant@woodbineassociates.com
Woodbine Associates is an independent consulting firm focused on helping firms understand and adapt to strategic, business, regulatory, market structure, and technology issues that impact the capital markets. Woodbine Associates’ analysts are distinctive in that each is a former trader with more than 10-years’ experience in the market on which they focus.
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185 Pinewood Road | Stamford, CT 06903 USA | +1.203. 274.8970
www.woodbineassociates.com