Dark Pools

1. Front Matter

   Pages i-x

   PDF

2. Market Structure

   1. Front Matter

      Pages 1-1

      PDF

   2. Introduction to Dark Pools

      • Erik Banks

      Pages 3-29

   3. Market Liquidity and Structure

      • Erik Banks

      Pages 30-56

   4. Dark Pool Structure

      • Erik Banks

      Pages 57-89

3. Micro Issues

   1. Front Matter

      Pages 91-91

      PDF

   2. Topics in Pricing and Execution

      • Erik Banks

      Pages 93-114

   3. Trading in Dark Pools

      • Erik Banks

      Pages 115-135

   4. Aspects of Technology and Architecture

      • Erik Banks

      Pages 136-160

4. Environment of the Future

   1. Front Matter

      Pages 161-161

      PDF

   2. Regulation, Control, and Transparency

      • Erik Banks

      Pages 163-182

   3. The Future of Dark Pools

      • Erik Banks

      Pages 183-198

5. Back Matter

   Pages 199-227

   PDF

Dark Pools is a practical text dealing with the increasingly important topic of dark pools, or non-displayed, off-exchange trading and liquidity. It discusses the development of the equity trading marketplace over the past two decades and how dark pools may evolve in a post-financial crisis world.

• management
• risk management
• trading
• investments and securities

'This is an excellent book. It is bang up to date, in what is a very fast changing area. It is clearly written, and provides a very comprehensive description of these markets and how they work. While it fully covers dark pools, its coverage is much wider than that - covering trading in equity markets more generally' - Professor Charles Sutcliffe, The ICMA Centre, University of Reading, UK

ERIK BANKS is responsible for risk management within the Corporate and Investment Bank at the European universal bank UniCredit. Over the past 23 years he has held senior risk positions at Citibank, Merrill Lynch and in the hedge fund sector, in New York, Tokyo, Hong Kong, London and Munich. He is the author of more than 20 books on risk, derivatives, emerging markets and governance.

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