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Lava Trading to Launch Dark Algo

Traders Magazine, August 2007

Peter Chapman

Lava Trading is expected to introduce a new algorithm that searches for liquidity in so-called "dark pools." The algorithm, called Go-To, will be the second service offered by Lava that looks for liquidity amongst non-public orders. The unit of Citi also makes available to users of its order management system a service called Dark Book, which taps liquidity provided by other Lava customers hidden in reserve orders on exchanges and ECNs. The new Go-To algorithm…

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