|
|
|
| Boston, MA, USA Dark
Liquidity Pools in
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Executive Summary | 03 | |
| Background | 04 | |
| Dark Liquidity Pools Defined | 06 | |
| Emergence of Dark Liquidity Pools in the US | 08 | |
| Leading Dark Liquidity Players | 10 | |
| Market Breakdown | 10 | |
| Hidden and Iceberg/Reserve Orders | 10 | |
| Dark Liquidity Matching Models | 11 | |
| Market Acceptance of Dark Liquidity Pools | 13 | |
| Market Growth | 13 | |
| Defining Characteristics of Dark Liquidity Pools | 16 | |
| Evaluation of Characteristics | 17 | |
| The European Phenomenon | 20 | |
| Market Models for Europe | 21 | |
| European Presence | 22 | |
| The Canadian Phenomenon | 24 | |
| Market Models for Canada | 24 | |
| Canadian Leaders | 26 | |
| The Japanese Phenomenon | 30 | |
| Market Models for Japan | 31 | |
| Japanese Leaders | 32 | |
| Concluding Thoughts | 34 | |
|
