a: Dark pool ~
b: screening device
What:
The dark pool is like a screening device that siphons off uninformed traders, says Haoxiang Zhu, a financial economist at the MIT Sloan School of Management, the author of the new paper.In the end, on the [public] exchange, you get left with a higher concentration of the informed traders who contribute to price discovery.
Useful?
Writer: Haoxiang Zhu
LCC:
Where:
Date: Mar 5 2016 9:27 AM
# 9550 Critique Analogy