OptiMark Revisited
WATERS TEN
OptiMark never got the critical mass required to solve the buy-side large block order problem it first targeted. However, along the way, it helped build SuperMontage.
Before there was SuperMontage, there was OptiMark. Launched in the late fall of 1999, OptiMark’s new matching engine was an attempt to mitigate the market impact costs generated by institutional investors’ large block trades. The promise of the revolutionary technology had experts believing that the new platform would eventually
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