Dark Pools (eBook)

Off-Exchange Liquidity in an Era of High Frequency, Program, and Algorithmic Trading

E. Banks (Autor)

eBook Download: PDF

2014 | 2nd ed. 2014
XI, 261 Seiten
Palgrave Macmillan UK (Verlag)
978-1-137-44957-3 (ISBN)

Infos

This book deals with the topic of dark trading, or non-displayed, off-exchange trading execution. It discusses the development, importance and practice of dark equity trading in an environment dominated by high frequency, program, block and algorithmic trading, and considers its future prospects in a world of mobile capital and changing regulation.

Autor

Erik Banks is an experienced practitioner and regular contributor to the literature in the field of financial risk management, traded markets and regulation. He has spent over 25 years in international banking, working at major financial institutions in New York, London, Tokyo, Hong Kong and Munich. During his career, Erik has been responsible for managing various aspects of financial risk and capital commitments at Merrill Lynch, UniCredit, XL Capital, and Citibank. He has also been a partner in a multi-strategy international equity hedge fund and has consulted for several other alternative asset hedge funds. Erik is the author of over 20 books on risk, derivatives, markets and governance.

Inhalt

Cover 1
Title 4
Copyright 5
Contents 6
List of Illustrations 7
“Pools in Practice” Vignettes 9
Preface to the Second Edition 10
About the Author 12
PART IMarket Structure 13
1 Introduction to Dark Pools 14
2 Market Liquidity and Structure 44
3 Dark Pool Structure 75
PART IIMicro Issues 111
4 Topics in Pricing and Execution 112
5 Trading in Dark Pools 136
6 Aspects of Technology andArchitecture 162
PART IIIEnvironment of the Future 183
7 Regulation, Control, andTransparency 184
8 The Future of Dark Pools 211
Appendix 1 Listing of Dark Pool Sites 228
Appendix 2 Listing of MiFID Regulated Markets, Systematic Internalizers, and MultilateralTrading Facilities 230
Notes 237
Glossary 246
Selected Bibliography 262
Index 265

Produkt-Details

• Erscheint lt. Verlag: 21.8.2014
• Reihe/Serie: Global Financial Markets
• Reihe/Serie: Global Financial Markets
• Zusatzinfo: XI, 261 p.
• Verlagsort: London
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: algorithms • Banking • Capital • Development • Environment • Investments and Securities • liquidity • Market Structure • Mobile • Pricing • Regulation • Trading
• ISBN-10: 1-137-44957-8 / 1137449578
• ISBN-13: 978-1-137-44957-3 / 9781137449573