Dark Fight in Midst of Options Battle
Nasdaq wins few friends in the options world
Traders Magazine, January 2008
Nasdaq's plan to incorporate hidden orders in its proposed options exchange has enraged many of its competitors, who claim the idea will undermine the progress they have made in growing the business. Those exchange executives contend that by encouraging internalization, dark liquidity has hurt the equities market and shouldn't be allowed across the threshold of the options industry. The latest fracas over dark, or hidden, liquidity emerged in the run-up to Nasdaq's planned December 7 launch of its Nasdaq Options Market, which was scheduled to include
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