PT  - JOURNAL ARTICLE
AU  - Chris Pickles
TI  - Searching for Liquidity
DP  - 2011 Mar 20
TA  - Trading
PG  - 56--58
VI  - 2011
IP  - 1
4099  - http://guides.pm-research.com/content/2011/1/56.short
4100  - http://guides.pm-research.com/content/2011/1/56.full
AB  - Liquidity is at the heart of institutional trading today as traders constantly try to minimize the market impact of their trades. They are doing so in an environment where traditional exchanges are losing market share to Alternative Trading Systems (ATSs) and block crossing networks, as well as other various pools which result from internalized order matching where there is no published pricing. Regulation and fragmentation contribute to the fast evolution of the trading landscape. Techniques and technologies need to evolve as well to keep pace.