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Dark-Pool Surge Shows Signs of Slowdown
Dark pools have surged in popularity because they allow investors to trade big orders swiftly and discreetly. This year dark liquidity is grabbing less market share from traditional exchanges after explosive growth in 2007 and 2008.
When Dimitri Sogoloff takes the plunge into "dark pools" of liquidity, he doesn’t always emerge refreshed. Sogoloff, chief executive of New York–based quantitative hedge fund firm Horton Point, says he’s come away more than once feeling a little sullied. In search of lower trading costs, Horton Point managers sometimes tap
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