Do dark pools harm price discovery?

H Zhu - The Review of Financial Studies, 2014 - academic.oup.com
Dark pools are equity trading systems that do not publicly display orders. Dark pools offer
potential price improvements but do not guarantee execution. Informed traders tend to trade …

[BOOK][B] Chains of finance: How investment management is shaped

DL Arjaliès, P Grant, I Hardie, D MacKenzie, E Svetlova - 2017 - books.google.com
Investment is no longer a matter of individual savers directly choosing which shares or
bonds to buy. Rather, most of their money flows through a'chain': an often extended …

International office investment in global cities: the production of financial space and systemic risk

C Lizieri, K Pain - Regional Studies, 2014 - Taylor & Francis
Lizieri C. and Pain K. International office investment in global cities: the production of
financial space and systemic risk, Regional Studies. The paper explores the relationships …

Censored exploration and the dark pool problem

K Ganchev, Y Nevmyvaka, M Kearns… - Communications of the …, 2010 - dl.acm.org
Dark pools are a recent type of stock exchange in which information about outstanding
orders is deliberately hidden in order to minimize the market impact of large-volume trades …

Portfolio liquidation in dark pools in continuous time

P Kratz, T Schöneborn - Mathematical Finance, 2015 - Wiley Online Library
We consider an illiquid financial market where a risk averse investor has to liquidate a
portfolio within a finite time horizon [0, T] and can trade continuously at a traditional …

MiFID, Reg NMS and competition across trading venues in Europe and the USA

G Petrella - Journal of Financial Regulation and Compliance, 2010 - emerald.com
Purpose–The purpose of this paper is to evaluate how markets in financial instruments
directive (MiFID) and regulation national market system (Reg NMS) affect the competition for …

Geography of stock markets

D Wójcik - Geography Compass, 2009 - Wiley Online Library
Geography matters for stock markets. Stock market actors and institutions do not just have to
be somewhere, but where they are in relation to other actors and institutions has an effect on …

Squaring the speed of light? Regulating market access in algorithmic finance

M Lenglet, J Mol - Economy and Society, 2016 - Taylor & Francis
We examine the sociomaterial regulation of algorithmic trading against the background of
the European Union's directives on Markets in Financial Instruments (MiFID/MiFIR). Tracing …

Optimal liquidation in dark pools in discrete and continuous time

P Kratz - 2011 - edoc.hu-berlin.de
We study optimal trading strategies of a risk-averse investor who has to liquidate a portfolio
within a finite time horizon [0, T]. The investor has the option to trade at a traditional …

[PDF][PDF] Dealing in the dark: Do insiders trade in dark pools

A Alfarhoud, M Bowe, S Zhang - 2021 - efmaefm.org
We investigate the impact of legal insider trading on different types of dark and lit trading
venues. We find that the market share of dark pools increases during weeks when insider …