Dark Liquidity Pools Come of Age

The major question of the day was whether dark liquidity pools truly lower transaction costs for traders.

Panelist James Ross, vice president with NYSE Euronext, says firms should view cost savings from dark liquidity pools in terms of market impact, slippage, opportunity cost and delay. "There are some [transaction cost analysis] providers out there at Elkins McSherry and Abel Noser that have shown, time and time again, that these environments are extremely effective at reducing the costs across

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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