Dark Pool Enigma

Editor's Letter

"As far as anyone can tell, the dark pools seem to be growing," says Sang Lee, co-founder and managing partner of consultancy Aite Group, which estimates that fill rates in the dark pools hit 13 percent for 2007, up from 10 percent to 12 percent in 2006. "More buy-side firms are a lot more curious about how dark pools can fit into their trading scheme," he says, adding that wholesale adoption has yet to take place.

The dark pools want to add value to trading, build their market share and are

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