05 Apr 2024
European exchanges push new dark pools in fight for millisecond advantage
“It’s a little bit of embellishing because the buyside doesn’t care too much about latency,” said Niki Beattie, chief executive of Market Structure Partners. “There are not that many people who are milliseconds-sensitive, but there’ll be some who say: ‘Yeah, that’s attractive.’”
The main purpose of dark pools is to hide large block trades that otherwise would move a stock’s price if they were completed on lit markets.