Free Site Registration

Dark Pool Volume Creeps Higher

Traders Magazine, July 2008

Editorial Staff

Recent data from Rosenblatt Securities shows that 18 major dark pools increased their market share of consolidated volume to 6.64 percent in April, up from 5.38 percent in March. At the same time, overall consolidated volume decreased in April to 6.7 billion shares per day, compared with a daily average of 8.3 billion shares in March. Rosenblatt single-counts dark pool volume, adjusting double-counted information provided by dark pool operators. Most other analysts use the double-counted figures for dark pools, although exchanges and ECNs single-count volume. Rosenblatt had revised its original March data on dark pool volume. Initially, the firm said dark pools represented 3.88 percent of the consolidated volume. However, the broker added three dark liquidity venues to its stats, which pushed up the dark pool market share.

(c) 2008 Traders Magazine and SourceMedia, Inc. All Rights Reserved. http://www.tradersmagazine.com http://www.sourcemedia.com

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?