We demonstrate links between order duration, dark pool performance, and orders filled in both lit and dark venues. Five questions are addressed. Does exposure of an order to lit markets affect trading performance in dark aggregation schemes?
Best Buy (BBY) - NYSE
Chipotle Mexican Grill, Inc. (CMG) - NYSE
Harley-Davidson, Inc. (HOG) - NYSE
Starbucks Corp. (SBUX) - NASDAQ
Technology, Media & Telecom Services
Boyd Gaming (BYD) - NYSE
eBay (EBAY) - NASDAQ
HomeAway Inc. (AWAY) - NASDAQ
NetFlix (NFLX) - NASDAQ
Penn National Gaming (PENN) - NASDAQ
Pinnacle Entertainment (PNK) - NYSE
Construction & Materials
Lennar Corp. (LEN) - NYSE
Investment Technology Group Inc., the New York-based brokerage and technology firm, is opening a new dark pool for bond trading later this year.
The firm, which has traditionally focused on stock trading, is trying to tap into growing demand from investors to trade U.S. corporate bonds among each other at lower costs through electronic networks, rather than through dealer banks.