RT Journal Article
SR Electronic
T1 Maintaining Trade List Structure Across Dark Pools
JF Trading
FD Institutional Investor Journals
SP 84
OP 88
VO 2007
IS 2
A1 Hitesh Mittal
A1 Ronald Taur
YR 2007
UL http://guides.pm-research.com/content/2007/2/84.abstract
AB Trading in dark pools has become increasingly popular, especially for institutional investors and hedge funds who need to move large blocks of stock anonymously. Now that dark pool aggregators have made choosing the right dark pool easier, the use of such trading is likely to grow. But when trading large blocks across multiple dark pools, traders face great difficulty in maintaining the cash neutrality. This article discusses the reasons behind keeping a list cash and/or sector neutral and suggests algorithm solutions that not only provide dark pool aggregation but also maintain cash neutrality across multiple dark venues.