An Introduction to Dark Pools

Dark pools are an ominous-sounding term for private exchanges or forums for securities trading. However, unlike stock exchanges, dark pools are not accessible by the investing public. Also known as “dark pools of liquidity,” these exchanges are so named for their complete lack of transparency. >>> Read the full article on Investopedia


Instinet is best known as one of the first off-exchange trading alternatives, with its “green screen” terminals prevalent in the 1980s and 1990s, and, more recently, as the founder of Chi-X Europe and Chi-X Global. Its refusal to accept orders from SOES Bandits Josh Levine & Jeff Citron of Datek Securities led to the establishment of Instinet competitor Island in 1996. >>> Read the full article @ Investopedia

Book Review: ‘Dark Pools’ By Scott Patterson

Dark Pools is a page-turning, fascinating account of how computerized algorithmic high-frequency trading (HFT) and electronic platforms evolved, took over financial markets and turned the NYSE floor into a mere “puppet-show for TV.” >>> Read the full article @ Seeking Alpha

Is the Stock Market Rigged? (Excerpt)

Is the stock market rigged? In a scene described in Scott Patterson’s new book Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System, Thomas Peterffy, billionaire founder of the computer trading goliath Interactive Brokers, poses that very question before a gathering of market leaders. >>> Read the full article @ Huffington Post

European Regulation, High Frequency Trading and the Draft MiFID Review

An interview with Kay Swinburne, conservative MEP for Whales, who drafted the report “Regulation of trading in financial instruments: dark pools etc” and has been closely involved in the drafting of the European Commission’s wide-ranging MiFID Review. >>> Read the full article @ The Trading Mesh