|
TradingScreen's 2007 Buy-Side
Traders' Conferences will include a complimentary
research report on crossing networks and dark
pools - venues that match buyers and sellers outside
of the national market system and the typical
exchange structures. This independent TABB Group
report, titled “Groping in the Dark:
Navigating Crossing Networks and Other Dark Pools
of Liquidity,” will examine the different
types of dark pools and crossing networks, and
provide a look at their benefits and challenges.
In addition, attendees
will have an exclusive opportunity to meet with
Larry Tabb and several noted industry experts,
adding tremendous value to the information contained
in the report itself.
“The growth of crossing
networks and dark pools is one of the most interesting
and compelling opportunities now developing for
buy-side traders,” said Philippe Buhannic,
CEO for TradingScreen Inc. “We believe that
the research we will provide on the topic at this
year’s TradingScreen (TS) Buy-Side Traders’
Conference series will prove to be extremely valuable
to firms in the trading community seeking information
about the challenges, risks, and growth opportunities
of these venues.”
There are now more than
30 crossing networks and dark pools operating
in the U.S. financial markets. These venues match
buy and sell orders without publishing a price
quote, and they present potentially significant
price and informational benefits for large institutional
investors. Challenges presented by the venues
range from simple technical questions on how their
trades hit the consolidated tape, to how to find
the other side of a dark pool trade. There are
also questions about how they will affect the
broader markets on issues such as price discovery,
as well as how regulators view them.
The panel will feature
an in-depth discussion and proven strategies on
how buy side can best integrate next generation
of buy-side trading tools designed for sourcing
dark pools and what constitutes best practices.
The panel will discuss the following:
| Expanded
alternative trading systems |
Leveraging
ATS and ECN |
| Techniques designed
to source dark liquidity |
Integrating algorithms
and crossing into your trading strategies |
| Assessing ATS
proliferation |
The complex broker/investment
manager relationship |
| Efficient trading
strategies in fragmented markets |
Tools for designing
and evaluating trading strategies |
| Enabling access
to dark pools for liquidity |
How broker-dealers
and ATSs enable buy-side access |
| Exceeding best
execution |
Leveraging algorithms
and external crossing networks |
| Sourcing dark
liquidity |
Optimizing various
trading techniques |
| Evaluating liquidity
solutions |
Identifying which
liquidity approach works best |
| ECN reserve orders
|
Effective means of
tapping into sources of hidden liquidity |
| Large liquidity
pools |
Algorithmic differentiation
to |
| Direct Market
Access |
Accessing global liquidity
from one efficient point of entry |
| Next generation
smart router technology |
Effectively addressing
liquidity dispersion |
The report, to be presented
by Larry Tabb and discussed by a panel of industry
experts at the TradingScreen conferences, will
bring clarity to the quickly expanding landscape
of dark pools and crossing networks by examining
the various models, how they work, and why they
are proliferating. The conference panel discussion
will also touch on how they are used, and will
be used in the future, by buy- and sell-side players,
and what it all means for the Global Market Structure.
The report will also explain where the liquidity
is now for these venues, discuss interconnectivity
versus consolidation, and outline where and what
the growth will be.
|
Upcoming
Events 
