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Fra-g-men-t-ed Ma-rke-ts

November 26, 2011 by CalConfidence   Comments (0)


From VoxEu:

Financial innovation has brought about several new ways to trade equities: electronically, over-the-counter, through broker-dealer networks, and so on. But not all of the transactions are transparent, with many barely visible to outsiders – a practice known as ‘dark’ trades. This column finds that, in general, more ways to trade is a benefit, except when the trades are dark.

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