Dark pools are alternative trading venues that obscure much information about trades. Initially used by institutional investors to execute large orders discreetly, various types of dark pools exist today for different purposes beyond reducing price impact. This paper provides a historical overview of dark pools, inquiring about the reasons for their existence as well as their impact on financial markets. We also discuss the ethical and moral implications, including fairness and transparency.
Altay, S., Colaneri, K., Eksi-Altay, Z. (2025). A Tour Into Dark Pools. In Philosophy and Finance: Ten Open Questions (pp. 29-48). Springer Science and Business Media B.V. [10.1007/978-3-031-96510-4_3].
A Tour Into Dark Pools
Colaneri, Katia
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2025-01-01
Abstract
Dark pools are alternative trading venues that obscure much information about trades. Initially used by institutional investors to execute large orders discreetly, various types of dark pools exist today for different purposes beyond reducing price impact. This paper provides a historical overview of dark pools, inquiring about the reasons for their existence as well as their impact on financial markets. We also discuss the ethical and moral implications, including fairness and transparency.| File | Dimensione | Formato | |
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Philosophy and Finance_ Ten Open Questions.pdf
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