Post by Sapphire Capital on Dec 21, 2008 0:06:36 GMT 4
Shedding Light on Dark Liquidity Pools
Hans Degryse
Tilburg University - CentER; Tilburg Law and Economics Center (TILEC); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Catholic University of Leuven (KUL) - Department of Economics
Mark Van Achter
University of Bonn - Institute of Business Administration I (BWL I)
Gunther Wuyts
Catholic University of Leuven (KUL) - Faculty of Business and Economics (FBE)
November 18, 2008
TILEC Discussion Paper No. 2008-039
Abstract:
This article reviews the recent developments on dark liquidity pools starting from the theoretical and empirical academic literature. The number of dark liquidity pools as well as their trading volume has grown substantially in the last couple of years. We highlight the incentives of providers as well as users of these dark liquidity pools and study the impact of recent financial regulation in Europe (MiFID). We conclude by providing an outlook on dark liquidity pools.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1303482#
Hans Degryse
Tilburg University - CentER; Tilburg Law and Economics Center (TILEC); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Catholic University of Leuven (KUL) - Department of Economics
Mark Van Achter
University of Bonn - Institute of Business Administration I (BWL I)
Gunther Wuyts
Catholic University of Leuven (KUL) - Faculty of Business and Economics (FBE)
November 18, 2008
TILEC Discussion Paper No. 2008-039
Abstract:
This article reviews the recent developments on dark liquidity pools starting from the theoretical and empirical academic literature. The number of dark liquidity pools as well as their trading volume has grown substantially in the last couple of years. We highlight the incentives of providers as well as users of these dark liquidity pools and study the impact of recent financial regulation in Europe (MiFID). We conclude by providing an outlook on dark liquidity pools.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1303482#