Swimming with Sharks?
OPEN PLATFORM
Dark pools are not nefarious. Dark pools are not sinister. Dark pools are not evil. Dark pools are simply ways to automate the matching of undisplayed liquidity, or liquidity that is not ready to be traded in an open marketplace.
Liquidity can be divided into six major categories ranging from fully displayed orders that are listed in an open order book, to discretionary liquidity that only is coaxed out at the right price. The most transparent liquidity is a displayed limit order book, where an
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