We examine the impact of trading on markets partially exempt from National Market System
requirements (“dark venues”) on equity-market quality. We find evidence consistent with the …

Diving Into Dark Pools* Page 1 Diving Into Dark Pools* Sabrina Buti† Barbara Rindi‡ and
Ingrid M. Werner§ Fisher College of Business The Ohio State University Date: November 17 …

I study how crossing networks, a type of dark pool, affect price discovery and market liquidity
in the presence of noisy and heterogeneous trader signals. I identify a buffer function of …

Practical Applications Summary Diversification is often seen as the cure for many, if not all of
the evils in investing. However, is it really our strongest ally in the eternal quest for the best …

Essays on Trading and Contract Theory Page 1 University of California Los Angeles Essays on
Trading and Contract Theory A dissertation submitted in partial satisfaction of the requirements …

Trading occurs in financial markets because of differences both in the information
possessed by market participants and in their liquidity needs. Thus, information plays a …

This commentary is on a paper published in 2010. Few would wish to roll the markets back
to where they were eight years ago, but have the issues that were debated then been …