Dark pools need to let light in and gain mass: Liquidnet CEO


STRONG institutional volumes and increased transparency are necessary for dark pools to remain viable, said Liquidnet founder and chief executive Seth Merrin.

"It's difficult to build a functioning off-market trading venue," Mr Merrin, whose firm operates a dark pool, told The Business Times.

These are dark times for dark pools, which facilitate off-market trades before reporting a consolidated block trade to the exchange.

In the United States, the New York Attorney General is alleging that...

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