Dark pool volume continues to rise
The surge in equity trading volume that has accompanied the recent volatility has been a boon to the dark pool industry. At the top of the pack, many are experiencing record volume, reports Traders. Leading the way: Goldman Sachs' Sigma X, Credit Suisse's CrossFinder and Lehman Brother' dark pool offering. The reasons behind the surge on these platforms seem to be rising overall volumes, heightened awareness by institutions and more volume from algorithms. In a few cases, more internalized retail flow seems to be making a difference. In the case of Goldman's Sigma X, a recently inked deal that links dark pools operated by Goldman Sachs, Morgan Stanley and UBS has also made a difference. Some discern that a bulge bracket of sorts is emerging in the industry, with mounting barriers to entry. It makes sense that volume will lead to more volume, which will make it harder for other pools to jump into the elite group.
For more:
- here's the article from Traders
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