Algos Access the Dark
Traders Magazine, December 2006
Buyside demand for algorithms that seek out liquidity in so-called "dark pool" electronic crossing systems is up. That has prompted three major firms to come up with solutions. Morgan Stanley is giving its customers an algorithm called Night Vision, designed for direct market access orders. The algo will seek executions within the inside market, according to Bill Neuberger, Morgan Stanley's head of product development for electronic trading.
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