Dark Pool Gamesters Spook Buy Side

Young Kang, Citi

US-based buy-side firms are avoiding sending trades to certain dark pools in order to prevent being gamed, according to Young Kang, global head of algorithmic products with Citi.

Trading firms are increasingly concerned about transparency and knowing exactly where their orders are being routed, while some are even avoiding particular pools altogether, Kang says.

"There has been a definite transition in what the US buy side is looking for. Three or four years ago, the majority of the buy side

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