You have been granted access to this page through First Click Free. Subsequent use of TabbFORUM will require logging in. If you don't have an account, registration is free.

Videos

  • Rail_thumb_ace

    T. Boone Pickens: Ace Greenberg Was a Great Man

    BP Capital Chairman and CEO T. Boone Pickens reflects on Alan C. “Ace” Greenberg's legacy. He speaks with Trish Regan on Bloomberg's "Street Smart." ...
     
  • Rail_thumb_theo

    Accelerating Intelligence

    There is a tradeoff between latency and the intelligence you can build into algorithms, acknowledges Software AG’s Theo Hildyard. But streaming analytics can enable firms to incorporate intelligence ...
     
  • Rail_thumb_tabb_-_larry_tabb_hi-res_wo-cropped

    ‘People Need to Understand How the Markets Operate’: Larry Tabb

    The little guy has a better market today than he’s ever had in the past, says TABB Group founder and CEO Larry Tabb, who joins Benzinga’s PreMarket Prep show to discuss market structure, including ...
     
 

More Video | Podcasts

Advertisement

20 November 2012

Dark Pools, Internalization, and Equity Market Quality

Off-exchange trading in equity markets, including broker/dealer internalization and dark pools in which prices are not displayed prior to execution, has grown significantly in recent years. An examination of the relationship between such “dark” trading and market quality shows that increases in dark pool activity and internalization are initially associated with declining bid–offer spreads and increasing depth. But when a majority of trading occurs in undisplayed venues, the benefits of competition are eroded and market quality deteriorates. Public policy considerations for market integrity are addressed on the basis of these findings.


Download/Buy Report

Rate This Research

Your Rating
Community Rating 0%

Add a Comment

You must log in to comment.