Shedding Light on Dark Liquidity Pools

19 Pages Posted: 18 Nov 2008 Last revised: 20 Dec 2008

See all articles by Hans Degryse

Hans Degryse

KU Leuven, Department Accounting, Finance and Insurance; Centre for Economic Policy Research (CEPR)

Mark Van Achter

Erasmus University Rotterdam (EUR) - Finance

Gunther Wuyts

KU Leuven - University of Leuven

Date Written: November 18, 2008

Abstract

This article reviews the recent developments on dark liquidity pools starting from the theoretical and empirical academic literature. The number of dark liquidity pools as well as their trading volume has grown substantially in the last couple of years. We highlight the incentives of providers as well as users of these dark liquidity pools and study the impact of recent financial regulation in Europe (MiFID). We conclude by providing an outlook on dark liquidity pools.

Suggested Citation

Degryse, Hans and Van Achter, Mark and Wuyts, Gunther, Shedding Light on Dark Liquidity Pools (November 18, 2008). TILEC Discussion Paper No. 2008-039. Available at SSRN: https://ssrn.com/abstract=1303482 or http://dx.doi.org/10.2139/ssrn.1303482

Hans Degryse (Contact Author)

KU Leuven, Department Accounting, Finance and Insurance ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Mark Van Achter

Erasmus University Rotterdam (EUR) - Finance ( email )

Burgemeester Oudlaan 50
P.O. Box 1738
3000 DR Rotterdam
Netherlands
+31 10 40 82 953 (Phone)
+31 10 40 89 017 (Fax)

HOME PAGE: http://www.rsm.nl/mvanachter

Gunther Wuyts

KU Leuven - University of Leuven ( email )

KU Leuven - Faculty of Business and Economics
Naamsestraat 69
Leuven, Vlaams-Brabant 3000
Belgium
+3216326731 (Phone)

HOME PAGE: http://www.econ.kuleuven.be/gunther.wuyts

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