RT Journal Article
SR Electronic
T1 Are You Playing in a Toxic Dark Pool?
JF The Journal of Trading
FD Institutional Investor Journals
SP 20
OP 33
DO 10.3905/jot.2008.708833
VO 3
IS 3
A1 Hitesh Mittal
YR 2008
UL https://pm-research.com/content/3/3/20.abstract
AB This article begins with a taxonomy of dark pools today, a close look at information leakage and its impact, and a guide for evaluating the quality of dark pools. Ultimately, traders need to understand the implications of the liquidity characteristics of dark pools and dark pool aggregators so that they can make the most effective use of them while avoiding price impact, adverse selection, and possible gaming. Finally, the article provides some rules of thumb for evaluating the toxicity and effectiveness of a dark pool.TOPICS: Exchanges/markets/clearinghouses, portfolio management/multi-asset allocation, quantitative methods