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Buyside Struggles to Stay Current.
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Traders
- Article date:
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July 1, 2008
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Copyright informationCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Buyside traders report that when it comes to dark pools, they're, well, in the dark. They say they aren't sure what dark pools do when they access other pools to try to find liquidity for orders within their own system, according to a recent Traders Magazine survey. Some 38 percent of buyside traders said they weren't even aware that some pools send out or receive either immediate-or-cancel orders or electronic indications of interest from other dark pools.
These revelations come as more alternative trading systems access one another with both firm orders and indications as part of the hunt to find the contra side for orders. This cross-pool liquidity-seeking effort is a ...
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