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Garvey et al., 2016 - Google Patents

Why do traders choose dark markets?

Garvey et al., 2016

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Document ID
9531233716035476831
Author
Garvey R
Huang T
Wu F
Publication year
Publication venue
Journal of Banking & Finance

External Links

Snippet

We examine US equity trader use of dark and lit markets. Marketable orders executed in the dark have lower information content and smaller fill rates. Dark orders take longer to execute, but they execute at more favorable prices. Traders are more likely to go dark when …
Continue reading at papers.ssrn.com (PDF) (other versions)

Classifications

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